/biz/ - Business & Finance

:(

>>15842653
Kek boomers are fucked.
Deluded boomer is giving financial advice while bashing other people giving financial advice. >everyone is wrong, except me
boomers are going get butt-fucked hard.

>>15842728
>boomers are going get butt-fucked hard.
If only karma would be so kind
They'll just get bailed out by other boomers again

Many of them are just in denial. It's fucking hilarious

>>15842653
>>15842663
>>15842728
>>15842736
>>15842806
are you guys fucking retarded? Dave Ramsey is spot on. in 2008 the S&P crashed what, 30% and was back to where it was after four years. you just sit on that shit and ride out all the volatility. but sure why listen to some "boomer" (whos probably got 100x your networth) when you can listen to shitcoin trading autists on biz

>>15842877
yeah bro i bought stocks in 1928 took just until 1950 to break even bro
>yeah the fed can just print out more money and keep this going forever bro haha just aimlessly buy and break even in like 20 years

>>15842653
They have no idea what's coming. Why would they? The American economy has been incredible for them their entire lives. They lived their entire 60+ years of life on easy mode and are retiring at the top right when shit starts hitting the fan. Millenials will be blamed somehow and Boomers will get off scot free like they always have.

>>15842915
>yeah bro i bought stocks in 1928 took just until 1950 to break even bro
there was a gold standard back then you mong. with inflation and zero interest rates stock markets will keep going up for a long time. and even IF you had to sit out 22 years who gives a shit? most of you fags are younger than 30 and can easily sit out a couple of decades. you can still DCA along the way and milk your dividends and will come out way ahead in the end.

all you dipshits waiting for le big crash are just retarded. there will be no housing crash. not when millions of illegals come in every year and get free/subsidized housing paid for by the tax payer. and as for muh stock crash, with investment funds tied into the stock market central banks will do everything they can to keep the party going. that means negative interest, more QE, they will eventually start directly buying stocks instead of bonds. and you faggots will miss out on decades of gains while living costs explode because you thought you zoomers were smarter than the boomers

>>15842877
High IQ
Stupid linktards don’t realize i could personally buy the combined net worth of all their links 5x over. Goes to show only absolute poorfags invest in link, praying for a moon mission that will never come. They are poor because they are low IQ, hence why they invested in link in the first place

>>15842984
>dont put ANY goybucks into metals like we are doing, this market will NEVER tank. DO NOT diversify stupid goyim, just ALL IN into the stock market
seriously jamie? You’ve got to be shitting me, this is the lowest energy fud ive seen in weeks from you

>>15842653
boomers were born during a different incarnative period on planet earth. most cannot handle this timeline and retreat into delusion. you don't send babes to a battlefield

>>15843052
nobody said you shouldnt invest in PMs anon. but if you have a significant networth youd be absolutely retarded to have it ALL in PMs and nothing in the stock market.

>>15842653
dave ramsey doesn't need to read forbes or even take distributions he owns a large business and real estate empire he knows very little about the stock market. just look at the bullshit numbers he makes up in his hypotheticals

Just turned 28 and feeling this doom. Just started going back to school to finish my bachelors but it is expensive and I don't know what I'll do for a career.

Quick stat check

>live at home
>30k in 401k
>70 oz silver
>.74 BTC, 1001 LINK, 8 ETH, 12 LTC
>make 45k before (((taxes)))
>6k in checking and savings accounts
>qt3.14 gf just got a modest inheritance, wants to use it to buy a house and start a family

Am I doing okay even though I don't have a career path yet? The thought of waging for 50 more years makes me want to neck myself. What should my next move be?

>>15843434
>90% of networth in crypto
>am I doing okay?
depends entirely on where the crypto markets will go in the future. in a couple of years you could end up insanely rich or lose almost everything. personally I think youd be nuts to have that much money in crypto and that little in other assets but wtf do I know

>>15843735
My current plan was to get to 1 BTC and then start pumping ROTH IRA

>>15843735
How would you change my current positions?

>>15843280
Boomer speak right here
Muh equtaahs beatnall udder asshats ober 30 yaers.
Meanwhile never bought low always buys in the mania at peak valuations
Gets wrecked every ten years like clockwork

>>15842965
>>15842984
>This time it's different. We are in a new paradigm. The market crash problem has been solved.

>>15843434
>10k+ in scamcoins
>no dividend stocks
Sell your BTC and buy an ASE monsterbox
Sell those other shitcoins and buy dividend stocks
Thank me later

>>15842653
He doesn't want to invalidate all the shitty products he made and still makes millions off of selling financial advice for average poor folk so they can be millionaires 10 years before they die (and when that's about $200,000 in today's money)

>>15843434
>am i doing okay
70 ounces you will make a ton in <5 years
If you sell your BTC now before it crash to sub 1k and buy an ASE monsterbox you will have 570 ounces, and will be retired in <5 years

>>15843889
I was considering starting a portfolio focusing on dividend stocks but some anons said that is dumb and I should instead focus on growth since I am young. Which dividend stocks do you rec? Do I just keep buying? Focus on dividend aristocrats?

>>15843909
Why is 5 years the window for the silver retirement?

>>15843945
He's giving you dogshit advice. The fact that you figured out that you should be holding both silver and crypto already makes you better than him and all the other pure metals only idiots.

>>15843938
>said that is dumb
Dividends are growth, they pay you just to own their stock, allowing you to buy more stocks or live off the dividends.
How do you think buffet got so rich? Big part was dividends. Just keep buying more stocks with the dividend payouts
MO is solid, people are addicted to the shit, best sin stock and it would moon in a recession
T, big dividend yield, too big to fail
KO, same as MO, people literally cannot live without it, straight addicted
AAPL, too big to fail

>>15844039
Thanks for the kind words, fren

>>15844096
Should I just DCA with every paycheck and stack divy stocks then?

>>15843945
Not going to give you the full rundown it would take too long, only when you have a firm grasp of history, central banking, fiat, futures derivatives, manipulation techniques and the monetary system will you understand why silver is the most important asset to own in existence. They inject 100bil daily just to keep the ponzi afloat. Will go back to a metals backed currency. Metals are the ultimate moon mission. Literally the only asset on the planet with no downside and can only go up.
>>15844039
Don’t listen to this retard. He just wants you to be a crypto bagholder like he is. Having 80% in crypto is absolute suicidal tier.

>>15844152
Dumb fuck, I'm holding both silver and crypto. And no I'm not buying your gold bags.

>>15844178
>holding an asset which is determined by BTC trends, which are determined by tether poofs
You are the dumb one for buying into a ponzi in the first place, only one crypto in the market is worth buying.
>>15844149
Also forgot to mention, follow the money
Big banks/countries are all rapidly stacking metals, copy the banks and you win because banks never lose.
You know why crypto will never take off? Because institutional money will never buy in because they know how big of a scam it is and how worthless it truly is, only use case is to sell at a higher price to a greater fool. Remember how retards were saying for YEARS how BAAKT would moon BTC, and then BAAKT finally came out and BTC dropped $500. Buy the rumor sell the news, the “rumor”, which is only a rumor to low IQ’s at this point, is that we are going to go back to a metals backed currency.

>>15843889
(((Schiff))) will not “win”
Most likely he’ll be arrested along with the other (((scam artists))) and face treason charges.
Check em

>>15843434
Get the 30k out of the 401k. Valuations are peak. You have literally no chance to make it doing what 95% of the market does.
Crypto a bubble. Could get to new ATH but dubious,
Cash and PMs wait for next 80% market crash .
There’s literally 1 every ten years if you do basic research and look back .
Most important; your young lighten the fuck up!
Most investors that make it dont achieve until well into 40s

>>15844264
Except he will win because metals will moon. And your lack of a get proves his victory

>>15843746
>>15843774
never mind I misread and thought you had 74 BTC

>>15843814
>>15843868
you retards still dont understand long term stock investments and keep making up strawman arguments. read John Bogles book where he crunches all the numbers over the last 100 years... or go all in on LINK I guess.

>>15842653
>locking up your money for 30 years
>everyone is doing the same thing so your returns are eaten up by inflation as you never gain an edge
While me an intellectual gambles on collectible internet cat cartoons.

>>15843889
This anon smart but I would advise against any equities valuations are at a peak . Historically (100 years ) when around this level they dump brutally.

>>15844332
>hurr durr inflation eats your gains
S&P historically returns 7-8% a year, inflation is at 2-3% do the math

>>15844345
you dont know were at the peak. nobody knows. could pump for another 10 years. and even if a "brutal crash" comes (2008 the S&P dipped for a mere 4 years, omgsobrutal) most fags here are young and can easily sit it out and buy more. in the long term it absolutely does not matter one bit if you would buy the absolute top right now. last comment from me as Im repeating myself and most anons ITT are too retarded to think in terms of decades anyway.

https://youtu.be/Gu7-vlVFUnw

Boomers are fucking stupid, but LINKtards trying to time the market are even stupider. Now watch vid related and shut the fuck up

>>15843434
Where the fuck do you think you are?

>>15844380
>the math
You triple your purchasing power in 30 years but so do all the people in your retirement community and in similar retirement communities globally. The things you want increase in price around three times the average inflation leaving you better off than not having invested but still just an average pleb.

>>15844318
> calls successful investor retard
Does not understanding equities at peak of cyclical bull market in very late stage of a secular bear market.
Gives anon advice to buy into equities at peak of 10 year debt fuelled bubble as bond market starts to show cracks.
Literal herd mentality sheepeople detected

No crypto owned EVER brainlet.

Made it from various strategies a LOT of research and literally being a student of investing and reading including Benjamin Graham’s The intelligent investor.

>>15844453
>hurr durr muh bubble muh top
go short then if youre so sure the big crash is around the corner

>>15844496
The market can remain irrational longer than you can remain solvent. There definitely is a recession looming, I'm not sure when it will strike but it will probably be within a few years.

DIEEEEE, FUCKIN' BOOOOMERS!

>>15844380
Bought equites 2002 sold 2008
Bought 2009 sold 2016 ( yes I made my money being a moron and selling early )
As you say no one can pick the top.

One more crash /correction in equities ( very highly likely) and literally ZERO gain since 2000!
To me it’s obvious we are in the late stages of a secular bull market in equities.
I have traded the cyclical lows. Now rotated to PMs.
Overweighting equities at this stage of market does not seem wise to me.
Even a staunch gradual accumulation over the 19 years since 2000 as you might be arguing will likely net in no gains!
I will give you that I do not know the future and possibly am wrong , that this time its different :)
ahem

>>15844496
I have. 3X Ultra short S+P and 3X Ultra short Nasdaq.
Minor position.
PMs really the ultimate risk free short.

>>15844517
True. Why my ultra shorts not as good as PMs

>>15842984
can someone please explain what happens to house prices when Fed drops rate to -% negative percent? What happens if you hold a variable rate mortgage loan, is there a minimum loan percentage to pay or will it also go negative (doubtful)?
> who here wants to make money?

>>15844567
>>15844573
You’re pretty based, fellow PM anon.
These cryptoniggers don’t know

>>15842653
Another faggot that whines, but has accomplished nothing in their life. Boo fucking hoo, you were born too late. What are you going to do about it other than blame the vague notion of baby boomers ruining shit? What a fucking pussy.

>>15844380
>S&P historically returns 7-8% a year, inflation is at 2-3% do the math
Let's compare to Crypto.
6% interests on Bitcoin. Historically deflation is at around 300% average per year.
11% interests on USD stablecoins. Inflation is the same 2-3%.
Do the math.

Stop with the internet money and buy some real assets like stock and real estate. After this fad goes away you are going to wish you listened.

I actually feel kind of bad that I'm only 25y/o with 4 years of market activity and I've already had a higher net worth than my father has accrued on the stock market after 45 years of work.
What makes me feel worse is that I can in no way convince him to sell any of his stock to prevent it from happening again.
Fuck you for reminding me OP.

>>15845146
Crypto?

>>15844410

I cannot wait until LINK fucking moons so high everyone’s head fucking spins.

I’m a forever underachieving modest poorfag who’s never won SHIT, and I usually look down on celebrating in spite of people, but I’m gonna do a fair bit of dabbing on shitters when the Singularity hits.

Shitheads like this mongoloid. >>15843889


Think fuckin 89 Batman Joker parade, I won’t be able to stop myself.
https://youtu.be/gVbCWTvUGdQ

>>15844410
Do you want me to ALL IN LINK?

>>15844280
So with incoming paychecks I should just save USD and continue buying silver and just wait? If/when the big crash happens do I liquidate the silver and buy up stocks? Doesn't the crash result in hyperinflation? Why do I want stocks valued in a currency that's hyperinflated?

>>15842653
Theyre practically dead or about to, ofc they give no fucks. They just have to extend the charade until they die

Redpoll me on dividend ETFs. Just pick whatever has the highest yield and lowest expense? Or pick one with a low price so you have more shares?

>>15845230
Absolutely.

>>15845230

Holy fuck what an absolute moron. Mutual funds trading? Dumbass deserves to lose everything.

>>15845802
>>15845826
It just pumped though. Where do you think it will go?

>>15845921
$1000

>>15845962
So buying at $2.50 is still a bargain then.

HMMMMMMMM

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!

THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>>15842653
Cryptocurrency returns are better than any stocks. Sold all stocks and put it into Ethereum. The future is bright.

>>15842877
actually, 50%.

I wonder what Jennifer is up to now

>>15843434
>6k in checking and savings accounts

>>15846079
>buys btc/ethereum in late 2017
>down 90% on ethereum
>down 60% on bitcoin
Stop lying you are literally bleeding out

>>15846127
I spent the last 10 years as a degenerate who traveled, drank, gambled, and consumed all of my money via drugs and entertaining roasties. 2 years ago I woke up to where my life was going and have been trying to be better ever since. During that 2 years, I only worked full time for 1. Not making excuses and know that I fucked up but I'm trying to rectify my previous sins.

>>15846177
wasted 10 years of your life. what does your gf think of that?

>>15845921
>how much data do people use?

>>15846240
I wouldn't say it was wasted since I had a great time doing it, it's just caused a delay in my finances. At the end of the day when I'm dying in my death bed I'll have fond memories to look back on. If I don't make it to an old age and instead die a younger death then having a stack of money and not having any experiences will have been useless anyway. Call it cope I suppose but, all things considered, I could be in a much worse position. The average American can't swing an unexpected $1k expense and almost half of Americans 55 or older have 0 set aside for retirement. What's your story?

>>15846247
Well fuck.

>>15846321
t. All in since 2017

>>15846392
I hope you make it, fren. My tiny stack will never compare but when you control the world don't let them shut down /biz/; don't forget your frens.

>>15846247
The guy who wrote that post is retarded and is the perfect encapsulation of pic related. If you actually understand how crypto works and the market you'd understand chainlink is mostly unnecessary. Chainlink's implementation as is still suffers from the Sybil attack if you have sufficient stake. Most people if ethereum is adopted will just run their own centralized oracles. The only use for a decentralized one I've found so far is the Rights Reserve crypto which is vaporware running on vaporware. You'd have to be delusional to think chainlink has a future.

>>15846053
You are a MANIAC!!!!

>>15844892
>>15844573
When you and other anons talk about how many oz of silver you own, do you include the paper as well as the physical?

>>15842965
America's problems now are similar to Japan in the 90s. Stocks might not recover for 50 years during the next crash.

>>15842653
Most boomers are like 70+. At that age and on their diets, I don't think their brains are capable of a realignment required for a satisfactory I told you so moment.

>>15842965
So anon, how did you fit your entire fat head into your own rectum? Please, do tell.

>>15842917
History will judge them fairly, of that we can be sure.

>>15846410
Thanks fren. We’re all gonna make it.
I’m on vacation in Hawaii and the most fun I’ve had is watching this link pump while shitposting on biz.
>skills
>frens
>wealth
The holy trinity of what to strive for. Good luck, buy chainlink. Vote for hitler

>>15846425
This is actually one of the most low IQ posts I’ve ever experienced on biz. Are you a boomer? You write like a boomer, and by that I mean you’re a piece of shit nigger. I hope this is bait but I’m afraid it’s not. I don’t know how to break this down for someone as dumb as you, but I’ll try.
Sybil attacks are accounted for.
MIM attacks are accounted for.
51% attacks are accounted for.
Etc.
Etc.
Etc.
Do you think Sergey spends his time jerking off niggers like you do back at your gay jewish boomer orgy commune? No, they’ve spent years working on this network accounting for most if not all potential network attack vectors with the brightest minds in the world. I will congratulate you because I unironically have 3 college degrees but I’m wasting time speaking to your dumb ass instead of shitposting. Gotta be bait.

Kys

>>15846653
This is very possible

ITT: Max cope

>>15843052
Jamie Dimon is Greek, not Jewish.

>>15845243
That’s the strategy I’m basically following. Obviously I’m flexible. I probably won’t sell much PMs until they reach fair value ( I use attached metric to indicate current fair value in USD)
Even then I’m likely to hold a fair chunk of my wealth in PMs.
What most of us in PMs are waiting for is the FED to go all in on QE helicopter money when the crisis/ recession hits .
This will commence the hyperinflation and should result in an Oz gold being between $10-20 000 silver $500-$1000 at a ratio of 20-1.
Then it really matters not what the price of the equity / asset (car , house whatever) is in US$ paper currency.
If valuations are attractive this is the point in my opinion to by some quality value stocks.
PM holders will have increased real wealth exponentially through holding currently undervalued metal.

Many are even predicting a situation where certain assets like houses (at least in some over priced areas) actually drop in US$ price at this point,
So say in gold terms it may only cost 25 oz for an average house.
But that’s an unknown as where the hyper inflation will hit and not is not easily ascertained.
I actually believe the politicians won’t allow the FED to give the QE to bail out Wall Street next time. They will demand it goes to the average citizen/ taxpayer/ consumer. (rightfully so)

>>15845217
You're going to get fucked hard by anyone who figures out where your wealth came from. People who inherit wealth or earn it through business have a network of well connected allies and understand how to insulate themselves from threats in every social milieu. You have to put in hard work before you can dab on people with impunity.

>>15844892
Thank you very much anon, same to you.
The educated shall prevail

>>15845217
He inhales deeply then takes out a Cuban cigar. Lighting first a $100 bill then using it light the cigar. You can smell the ashy scent lingering in the room as the smoke drifts up.

"Th-they said... $32 million dollars isn't worth my Oracle solution, that skinny, pedophile, meth, twink vitamin can kiss my neet asshole. when the verizon singular happens, everyone will know...."

"No master, let me kiss your whale 65% ass. Dump it on me. I'll wait for the singularity."

"How about this singularity marine!" He screams as a shit flies out onto your chest.

Retarded delusions creep your mind as the raw gas of his asshole makes your delirious, you prepare yourself for the joy. you pucker up and smooch sirgay's asshole, the sharpie still twitching in your little link boipucci.

"Just imagine all the data being sanitized by reputation, like Uber. No sybil attacks, all ERC20 based."

He lets out another fart and grunts again.

"Another 700k!"

You shout ecstatically, "build that oracle solution, buy that towncrier! hire more devs!"

"I've give you something to cry about" He replies. Once more he grunts again and shits a violent flow of diarrhea, this time getting on your chin and lip.

"Hey man, where's the bathroom?"

"Oh sorry bro! we're jus-just doing a little thing here, we're actually the link conference here, bathrooms are to your right."

"uhhhhhhhhhhh" says the confused onlooker as he quickly scuffles away.

"I'll shill for you Master!" As you cry out, the sloppy heap of shit covering your body as it slides down.

"1k EOY is FUD!"

"No... I will give you the fud." He grunts again and proceeds to let out a gassy fart.

"Another 700k!" He cries out as he lets his sweet, hairy cheeks flap as another shit dumps out.

"Di-di-", the shit overflowing your mouth, "d-didn'... arghhh, didn't read, not selling"

>>15846639
Nah I always buy the physical metal
Store in private vault (very cheap $300 per year)
I don’t trust those ETFs to deliver all the metal when the prices break out. The will just reneg and prefer to get sued.

>>15845230
"Yeah, you like it linklet don't you? Who's my little marine? im about to sibos you up boy!"

"I am your pay pig NXT master, proud to be a link marine, I've been collect since thirty cents. Please... sir... I am a corporal rank bitch pay pig in your dungeon of neets, please Binance me again. im too fucking stupid to think for myself and will just keep buying your perpetual motion machine scam."

He pauses, inhales and yells "link 1000 eoy" as another turd mutters it's way out.

"Another 700k for expanding the team, Master?"

"No. For this expansion." He shits again as he groans. "All of these tokens need to go to startups, Sibos loved us so much, they didn't invite us back ever because they just can't handle their love for us."

"A Cambodian basket weaving fisherman enthusiast form is all I need for financial advice."

just then, a fat greasy figure appears in the door way, "Sirgay, you dipshit two-bit hack, where's my money!"

"I'm sorry Ari, I've spent it all on ughhhhhhhhhh! Sp-spen-spent it all on paid promotions and shadow networking to promote my literal shittoken."

"Well dump some more and then buy my company, you dumb faggot slav"

"yes master" sirgay puffs up his chest as ari leaves the room and begins to recite.

"You see, you can't pull data onto the blockchain, it's impossible, no one would ever create a simple contract to query Google."

You smile. "Yes Master, I'm your paypig. All FUD is actually from other chainlinkers. These magical whales are trying to suppress the price."

"No... I will suppress the price.... rgghhhhhh ahhhhh arghhhhh..."

"Thank you master. Web3, sibos, truffle, I will follow it all and I promise to scrounge up what little money I have to throw at this fancy database contract while you dump 700k, thank you Master! I'm a stupid fucking loser neet that thinks the 2017 pump and constant shilling means an actual project and not a skeleton of a copy-cat of other bullshit projects before. I'm a dumbass NEET"

>>15846053

"Some faggots on a mongolian horse fishing competitive forum are tired of chainlink. Clearly they are bag holders and not just tired of the constant paid promotion that I was caught doing with literal indians to get this thing up. And it's not like I saw airdrops took off on 4chan and quietly plotted to create my own with my coworkers and came up with the first idea that popped into my head... I am a genius... arghhhhh"

"Another 700k master! Thank you, I will await September $10, October $10, November $10 and on and on. September$10 is right, 42 is right, every other namefag is right, I just have to keep waiting, just keep waiting, just keep waiting, just keep waiting, just keep waiting, just keep waiting, just keep waiting, just keep waiting..."

"Yeah and the fucking SEC is on my ass but they can kiss my ass"

"no master I will kiss your ass and make dumb founded accusations at all the partnerships that are possible because you came up with some vague notion of data inter-weaving with smart contracts despite the fact that real time blockchain data aggregation is either impossible, will leave room for error or a reputation based system will endorse corruption thus rendering the entire idea of decentralized oracles entirely moot."

"No you idiot! No company will ever conceive their own oracle for their real-time needs, they're going to use our massively inflated shittoken linked to a bloated ethereum blockchain protocol to try and float open public transactional volume that will allow for data corruption or worse yet, middlemen attacks because I said so. You're the dumbass NEET and your money belongs to me... meee..meee!!! arghhhh!"

"Another 700k Master!" By now, the dumps are covering your chest and slipping onto the cellophane beneath your back. The gassy farts have made you delirious with joy. "Name me one other token that has it's marketing done for it by NEETs"

"Arghhhhh! Another 700k!"