/biz/ - Business & Finance

>>13602094
I never see good real estate threads, but its such a diverse asset class. I hereby declare this thread to be a double and triple net lease purchase discussion thread.

>>13602094
Put 90% of your wealth in vanguard sp500 index funds, split the other 10% between LINK and picking individual stocks like TSLA and other stocks if you're bored, who knows, you might get lucky. That's what I do and I'm getting fucking loaded. Real estate is good too once you're a millionaire but personally I hate all the fucking paperwork involved in that shit.

>>13602298
Oh yeah, of course max out 401k if you're getting matching from your company. Are you a high earner? Your tax bracket kind of determines what you should do in regards to Roth and Roth IRA.

>>13602298

I've had an Edward Jones broker since I was 18 (24 now). I've been tossing him between 200 and 500 a month since that time and he's been pretty good to me. Since I didn't go to college I convinced my dad to give me my college fund in cash, around 5k. The first thing that I went out and bought was VTSAX. It's gotten me back 9.27% since the beginning of this year and I'm very happy with it. Now I'm trying to break into bonds through BND. I don't see any point in going international because every international index fund I've seen has looked terrible compared to US only. I would love to start real estate but I have no idea where to start and like you said, there's a ton of paperwork with it.

What is LINK if you don't mind me asking?

>>13602313

I'm at about 65k, counting wages and VA disability payments. Sadly our company doesn't match our 401k donations, and only puts in what doesn't come out of our Health and Welfare for insurance. Right now I've got the Platinum plan and they're only putting in like 25$ a month. Changing to Copper would get me 350$ a month but I'm super paranoid about getting T-boned and ending up in the hospital for a couple weeks.

>>13602477
https://www.worldcoinindex.com/coin/chainlink
Buying Bonds at your age is fucking retarded, even if the stock market shits the bed for a couple years you'll still have way better returns over the long run than if you buy bonds. Just don't sell low.
https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/
If you think your tax rate will be higher than it is now when you're retired, put 401k into Roth, if lower or the same, put it in standard. Also once you max out your 401k look into putting money into an IRA.
This is boring but safe advice that will make you rich in the long term. I advise playing with some savings in riskier things to give you some amusement so you're not tempted to touch the other 90% that is just sitting in savings for decades getting that sweet compound interest, which is why I buy wacky shit like chainlink.

>>13602721

That's a very interesting second link you shared. I think I'll bring that up when I'm trying to convince my other friends to start planning for retirement. I'll look more into bonds. I don't plan on having them evenly weighted, probably like 85/10 with 5% cash maybe in a high yield savings account. I think it'd be nice to have an almost guaranteed income with monthly dividend returns. Maybe I'm romanticizing it, idk.

Thanks for the advice!

>>13602094
Comfy anon here, doing nothing while gaining money just using my phone, Pi network is the future.

Join now before its too late.

You need a referral code to join so here
Code : minepi.com/gone

>>13602881

Can't get me that easy, Robo!ISIS.

>>13602094
Once a non-crypto alternative comes around that can get us similar gainz, we will move to it

Bump for actual /biz/ thread. Hide all crypto threads, do not respond to crypto threads, ignore all crypto posters.

Also I sell covered calls. Highly recommend. So safe your grandma can do it. Up 13% this month. You don't even need to invest in degen shit for high premiums, plently of boomerchip stocks have good yields like Ford and Amd.

Avoid debt, avoid excessive spending, and dump your excess into the markets anons. You won't get rich overnight, but one night you will be rich.

>>13602094
/smg/

>>13603987
too many tripfags not enough options

>>13603979

I used to see propoganda posters all over my school whenever the job fair would come. About how "The average yearly wage for a high school grad is 30k! But with an associates the average is 40k! A bachelor's is 50k!" All horseshit. The money that you make in your 20s is the most valuable money you'll ever make. If they taught everyone the secret of compound interest the college market scam would dry up in a year.

I'm honestly really worried about this generation's debt. I look around now and see Social Security about to crumble. What's gonna happen in 40 years when the Millenials are trying to retire and they weren't able to save for their own retirement because so much of their most valuable money was tied up paying back these government notes of slavery?

>>13604378
>What's gonna happen in 40 years when the Millenials are trying to retire and they weren't able to save for their own retirement
Silver bullet portfolio.

I'm worried about the debt on an average citizen too, I almost fell for the college debt trap myself until I sat down and did the math on compound interest vs trying to find that one STEM job to make it. Turns out compound interest on $12/hr is a lot better than going to school for 4-6 years and then [hoping] I'd get a job that I'd be properly qualified for.

Things like the FI/RE movement give me a little hope though, a lotta people are financially retarded, but a lot more people than ever before are also financially woke. They know they don't want to wageslave, and they see the markets as their way out. It's not immediate, and nothing's ever certain, but it does increase the probability of never having to wageslave down the line.

As far as making money in your 20's, your and mine parents failed us. We should've been earning compound interest since the day we were born. We missed out on 20 years of market growth. I'm willing to bet my life that the majority of people will actually miss out on 30-40 years of growth simply because they or their parents "never really understood that whole stock thing, yaknow?" You bet your ass I'm mad, but there's nothing I can do now other than just continuing to contribute.

The best time to plant a tree was yesterday. The second best time is right now.

>>13604483
Believe it or not, my dad was actually really financially smart. Despite only having a high school education. He drove for UPS for 30 years and ended up making 40$ an hour when he retired. He would have them take about 25% of his paycheck out as the year went on until they maxed their contributions to his 401k. Usually around September. Then he'd get his full paycheck and start saving to get his kids Christmas gifts.

Although he's very financially literate he never really talked about his finances with me or my brother. But thankfully I'm starting out pretty young all things considered.

Here's an example of the power of compound interest. A person making minimum wage at age 18 is actually making more money than a person making 50$ an hour at age 50. Let's assume that each of them invests 15% of their income one year and lets it sit.

>7.25*40*52=15,080. 15,080*0.15=2,262
>50*40*52=104,000. 104,000*0.15=15600

The 50 year old Boomer is saving more than the minimum wage 18 year old is making in a year. But watch what happens when we do the compound interest calculations of a portfolio making 7% a year with the retirement age at 65.

>2,262 initial investment, grown over a period of 43 years at 7% will equal 45,876.86 at age 65.
>15,600 initial investment, grown over a period of 15 years at 7% will equal 44,574.87 at age 65.

God damn it's making me mad at how many people don't know about this and think that you have to be an azn or a sweaty bald guy shouting on CNN to know how the stock market works. So many people don't even think retirement's possible. It's such a shame.

>>13604718

Sheeeed mang. I just put in the numbers for if these two hypothetical people would make additional investments the same size as their initial one. I figured that in this case the boomer would crush the zoomer since he's making so much more but...

>15,600 initial investment, with a 15,600 additional investment each year, grown over a period of 15 years with 7% interest will equal 458,580.96 at age 65.
>2,262 initial investment, with a 2,262 additional investment each year, grown over a period of 43 years at 7% will equal 668,474.16 at age 65.

Holy. Shit. Can we make a petition to hang this sign in every job fair around the country?

Tfw make more money with options than any cryptofag ever will

Lmao

I use a robo advisor for my normie investments so not much to talk about.

>>13604804
what type of investments guarantuee 7perc?

>>13604880

That's the average annual return for the S&P 500 over the last century. Adjusted for inflation, too. Put your dividends in a DRIP to buy even more of the companies that are already by default doing great and you could see it grow even higher than that.

>>13604921
>Put your dividends in a DRIP
Ideally your dividend heavy stocks will be in a tax sheltered account.

>>13604938

True. But even the dumbest coal miner in the country can set up an account on E-trade, buy a share of VOO and be on their way.

bump

>>13604718
Good on your dad, he did alright. I think he should've taught you and your bro about finances, I see it as a necessary life skill. But he did better than 99% of people out there.
>>13604804
Yep. Compound interest is a force of God. More impact than a nuke, more security than a bullet.
>>13604880
SPY indices are usually thrown around with a 7% average return, after inflation and including dividends. There's better out there, but this is pretty good.
>>13604938
Tax sheltered accounts are great, but honestly with low/no commission brokers like tastyworks, robinhood, webull, etc. existing, those are generally better. Commissions will eat you alive, raise your cost basis, and remove your edge.

Bada bump. Some good stuff in here. Hopefully we can catch the non-crypto crowd once they get home from work.

what's the best way to short the markets right now? an ETF or spread betting long/medium term? can spread betting be done long term or do overnight fees kill your returns?