/biz/ - Business & Finance

Gold standard. Fuck fiat.

>>12663780
Does the fund grow in value to counter inflation or are you just eating away at it in terms of purchasing power?

Welcome to how people get rich.

nice larp

>>12663780
To feel less guilty, you could always donate to a gofundme *wink*

>>12663795
Yeah my fund grows in value each year. The dividends I get paid is literally free money on top of that

>>12663780
An argument for why it's not morally wrong is because you are acting as a good custodian with the money. Rather than spending on wasteful consumer items all in one shot, you lend it out for productive enterprises, some of which will produce goods and services that increase general productivity and thus the total amount of economic power possible.

Saving money is a choice. That choice has risks. You could die in two years and miss the opportunity to have gone out in a blaze of hookers and cocaine.

Marxoid niggers inflate the value of physical labor because their brains are small and they can only understand what is obvious and visceral. Not acting can be better for the common good than acting. Being a good custodian of money flows is doing society a favor.

Redistributing the money to "le poor" is going to increase the amount of the money that is spent not only on crass consumer goods and waste, but also on reproducing yet more unwashed masses.

wrong because wealth should have always been inherited; those who do not have inherited wealth are handicapped. Imagine growing a fruit tree for 10 years only to chop it down just when it's bearing fruit.
sounds fucking stupid right? That's how people see wealth - grow your own tree!

If you're not able to grow the inheritance significantly for your children then at least make sure to preserve its value adjusted with inflation

>>12663885
What a steamy load of pseudo Austrian school economics, Anon. Good job. Already finished mankiw macroecon?

>>12663909
kys, red scum

>>12663909
Wow, cool rebuttal, bro!

Congratulations. You just figured out how the world works.

>>12663885
this guy gets it

>>12663780
put it in $DIV and get 6% divs bro

>>12663780
>i feel like what I’m doing is morally wrong

Start a NEET scholarship or something.

>>12663885
you deserve the guillotine.

>he gets 1.2 million dollars for doing nothing
>ABSOLUTELY NOTHING
>how is this even legal

>>12663780

Dude... two things:

1)you can't even multiply. 12 million @ 3% yields 360k a year.... A billion at 3% means 30 million a year.

2) Put your money on something that yields more than 3%. At that rate you're barely keeping up with inflation - if at all.

>>12663780

You shouldn't feel bad. This is basically what UBI is without the socialist narrative attached

>>12664140
ps: Actually by taking out 3% a year and living with it you're losing wealth.

If you were yielding 3%, and had another source of income to live off, then you'd be barely keeping up with inflation.

It might seem like nitpicking now, but check your account in 20 years when the dollar has half its current purchasing power.

>>12664128
Sorry your family sucks, anon. Maybe you can break the cycle.

>>12664140
>1)you can't even multiply. 12 million @ 3% yields 360k a year....
You can't even read. OP said 1.2 million, not 12 million.

>>12663831
I don’t think you know what you’re talking about. You need to get someone really smart to help you out or you’re going to be fucked in a few years. You either get dividends OR do a DRIP program, which uses that dividend money to purchase more shares, growing your portfolio. You’re just counting on the stock market to keep going up

>>12664170
the fund also grows....

>>12664190
This is bait

in the crisis next year your fund will go to zero and you will be as poor like the rest of us

>>12664190
OP said "can you imagine how much a billionaire would be making on 3% dividends? 360k".

I said a billionaire would make much more on 3%.

read again.

>>12664266
you seem well versed in how markets work

>>12663780
Which index fund? Also consider most normies have absolutely no investments, consider dividends your reward for being disciplined.

>>12663885
Doing god's work, anon.

>>12664207
>You’re just counting on the stock market to keep going up
This is what most people do, and if you have a reasonably long time horizon, it works.

>>12663885
>Marxoid niggers inflate the value of physical labor

while Hayekian /pol/tard degenerates generalize all labor as 'physical', because most of them didn't work a single day in their lives

>Redistributing the money to "le poor" is going to increase the amount of the money that is spent not only on crass consumer goods and waste

>but also on reproducing yet more unwashed masses.

and then in the same Hayekian retards screech about 'destruction of the white race', 'illegal immigration' and 'falling birth rates' in the West in the same breath.
Start learning Spanish/Arabic, hayektard, you will need it soon.

>>12664358
To add to this, when the stock market is declining, use this time to use the dividends to simply buy more shares. To smart people, a stock market crash is another way of saying everything is on sale.

>>12663909
>>12664125
Stay assblasted, you worthless parasites.

>investing in (aka owning part of) a company
>getting paid for doing nothing
Pick one, fucking retards

>>12664432
He's not. The fund managers are. He only owns fractional shares via proxy, and he probably can't even make the companies involved off hand.

>>12663885
this

>>12663885

excellent bait my friend. well meme'd

>>12664190
dumbfuck identified

>>12663780
Lol you are so fucking stupid
A billionaire would be making 36mill a year

>>12664170
after inflation you'd get like 7% you fucking retard. have you ever looked at vanguard's returns?

>>12663808
ppl dont get rich making 3% a year lmao

>>12663780
Why does everything in this world sound like a ponzi

>>12664705
This is why you're not gonna make it anon

>>12664705
Retard. He means inheritance is how people get rich

>>12663909
> muh austrian
> no, muh keynesian

>>12664266
>>12664705

In most cases, dividends pretty much stay stable even during recessions because corporations don't want to lose shareholders

>>12664330
VTI

>>12664140
>>12664671
ok so a billionaire makes much more doing nothing. thanks for proving my point :^)