/biz/ - Business & Finance

Yes, we're all fucked. I already know I'm going to be poor forever

Thank god for Chainlink

>>15886538
I think you misspelled Harmony.

>>15886504
Stop spending thousands of dollars on festival passes, apple products, Uber eats, vape pens, etc and you will be fine. If you save $500/month at 7% earned on investment you will have $600k in 30 years.

After cutting $500/month out of your budget, focus on increasing income

>>15886504
Almost as if by design?

>>15886504
Isn't this the kind of thing that sparks dramatic political shifts?

How will this pan out when demographics are forcibly changing so quickly?!

>>15886538
Amen

>>15886593
>Isn't this the kind of thing that sparks dramatic political shifts?
Probably. People is tired of so much leftist/feminist propaganda and political inaction.

>>15886575
>600k in 30 years
Thats would be like 100k now

>>15886593
Millennials and zoomers are being replaced by foreigners too quickly for their dissatisfaction to build into proper political momentum. Boomers are essentially nipping revolution in the bud by doing a soft ethnic cleansing of their own posterity.

>>15886538
Unironically this. Not worried at all.

>>15886653
Yeah but they're importing even poorer Juans from nations with deep historical records of rocking the boat when they don't get their gibs. The proles don't need to be united in their dissatisfaction for their to be the turmoil necessary to spill into insurrection.

>>15886568
Can’t tell if you are serious or not

>>15886904
Unironically the best moment to buy.

>>15886575
Yeah, the next 30 years will totally average 7% returns.

Do you think returns just magically drop from the sky? That it's some mathematical law they have to work out that way?

>>15886940
lol.

>>15886940
based retard

>>15886831
So instead of no violent revolution they will have a 3 way revolution, more blood will be spilled and the victors REALLY will cleanse the opposing races for good this time

>>15886904
>non-product
>loses 70% of its estimated value
Yeah totally, really bullish (RETARD!)

>>15886653
Boomers are the worst generation in the history of humanity. Destroyed economy, social conventions and morals, and destroyed life for 2-3 following generations.

>>15886967
>>15886972
I would appreciate a serious answer. All that FUD and "muh developers are leaving" is over, they are delivering.

>>15886627
>thinking we’ve had any “leftist” economics in decades
Absolutely braindead. We’ve followed the same pattern regardless of president. Build debt -> wait for debt to catch up and shred economy -> print money to bandaid -> build more debt

A truly progressive economic reform is exactly what this country needs yet a bunch of low IQ dickweeds still get to vote and we wind up with the most boring, absolutely retarded ass backwards economically oriented president in history.

>muh bring back urrrr juuuubs
>muh make the wealthy wealthier and the poor poorer
>muh use trillions in tax money to focus on my racist agenda instead of actual problems

You fucking mongoloids need to stop thinking about left/right when it comes to politics and wake the fuck up and realize the entire bipartisan system is trash and exists to fuck you. We need a political reform and truly original ideas.

>in b4 “but if I don’t vote republican or Democrat my vote won’t count”

If everyone did actual research on all politicians and everyone voted for who they really believed in then this wouldn’t be the case. Be the change you want to see in the world. Stop fucking around. And stop listening to propaganda meant to scare you.

>>15886960
That’s actually a conservative number for historical returns

>>15886999
None of us are fudding. Just look at that chart dumbass.

>>15887079
Again, do you think returns just magically drop from the sky? That it's some mathematical law they have to work out that way?

The S&P 500 represents the exploitation of a continent, then nearly the entire globe, by a contingent of European settlers organized in one of the world's more libertarian polities and blessed by a total lack of consequential war.

Literally none of those factors are going to apply 30 years from now.

>>15886504
as a 35yo millinial myself i can only see two ways out of this mess. just walk away from the society meme. learn survival skills. head out to someplace remote. build a ted shed and just enjoy nature.

or if you can. get a work permit in Canada or some other country with a single payer healthcare system and try to make it there. either way a greencard or citizenship there could be beneficial whether you choose to stay there or not.

>>15886575

You're a fucking idiot.

Rent and school has skyrocketed far past the rate of inflation IN ORDER TO GUARANTEE THE 7% RETURNS IN THIS BULLSHIT MARKET.

Boomer pension returns depend on the willingness of their children to be devoured by the dragons of debt.

>>15886904

GIZEM FEET will make Harmony 1 dollar EOY.

>>15887077
> Muh progressive economy
> Which basically boils down to overtaxing succesful people to pay for poor brown people to multiply
You're fucking retarded. It's unsustainable because of 2 major points.
> 1 eventually the succesful people leave, not to mention avoid the taxes one way or another
> 2 the brown people multiply at a rate faster than you can raise and collect taxes
REEE you racists
> I'm not at all racist, but I'm not going to pay more so unskilled retarded mouth breathers can sit around fuck like rabbits and minimize the position of white people.

>>15886593
It's already the case, in Europe poor young whitepypo are voting far right (men) or far left (wymyn and trannies).

People like Macron or Merkel are only still in power because the boomers vote for what the TV tell them too and to keep the whole thing going a little more.

That said entertainment these days is almost free, you see plebs on reddit bragging about not reproducing so they can buy more video games and plastic shit in their 25m2 apartment. With VR and sexbots it will likely even be worse.

During years I thought something would happen but I'm not so sure anymore, seems like Uncle Ted was right about technology.

>>15887218
You have it backwards. Boomer returns were directed into their kids college tuition inflating the bubble. That was compounded with the federal government making loans available to everyone even if you had no ability to repay it, and the meme that everyone needed to go to college to be successful.

Student debt and the tuition bubble did not pump the S&P500.

As for real estate, you have multiple compounding factors. Subprime lending, restrictions on construction of new housing developments, and increase capital competing for properties (China, boomer investments being reallocated, IPO tech money, etc). But again, investment returns resulting in indies to real estate, not rising housing costs pumping the S&P

>>15887323
*inflows not indies

>>15886538
Hedged

>>15887283
They really shouldn't make this a race war. How did that go before.

>>15886653
This so much

>>15886831
All Juan wants is white pussy which the main importers of illegals have trained to be attracted to spics and niggers. The rich are going to win and enslave everyone because of third world iqs

>>15886984
>>15886984
Jews made the parents of boomers shoot their cousins in the face, they are called the "great" generation because of how well they followed orders to invade their own Homeland and kill their cousins. The greats weren't mentally healthy enough to raise their own kids so they let the media do it, which raised them all to be drug and sex addicted assholes. They let the media raise millennials as well which is why were all super depressed drug and sex addicts with low self esteem.

If my grandpa wasn't forced to shoot his cousins in the face for Jews I'd be a much happier person with a much better life, which is bad for the rich assholes profits.

>>15886940
This

>>15887946
this guy fucks

Millenials are a retarded generation obsessed with trannies, homos and "social justice". Fuck them, THEY DESERVE IT.

>>15886504
don't worry, the robots will save us.
and then destroy us.

>>15886575
Implying I don't already eat one meal a day and save up all year just to spend 200$ around Xmas to not kill myself.
Implying that everyone I know I not in the same boat with their stem degrees.
You should kill your self.

>>15888109
Day of the pillow is coming, boomer.

>>15888109
Im not involved with any of that. You honestly think we dont know that this is communist demoralization?

Let’s create a society without Jews and minoritites and kill them When they tey to come

It’s that easy

Buy chain link and firearms and learn to farm in the meantime

>>15886653
1 zoomer with crypto and chainlink = 1000 poor foreigners
the more they come, the poorer they will get

>>15886984
>and destroyed life for 2-3 following generations.

More like 9

>>15886504
>The First 2 Be Wurst
aren't GenX'ers already worse off than Boomers, or are they simply being ignored, again, because ?

>>15886575
This. Millenials are fucking retards when it comes to money because they grew up being given participation trophies and being told they deserved everything and nothing was their fault. This is why they blame boomers for their student loans while posting on the latest iphone. Just pointing this out to them makes them call you a boomer even if youre 25 because apparently a sense of self responsibility is something only old people have kek.

>>15886504
thank you chainlink

>>15886575
LMFAO
>JUST DONT LIVE WHILE YOURE ALIVE GUYS

>>15889675
>if you're not spending thousands of dollars on a 3 day festival pass at least a dozen mollies a bag of weed and 4 bottles plus the latest iphone so you post selfies then you aren't even alive YOLO SKRT SKRT

Thanks for proving my point faggot I bet you also pay $15 for a snack and $8 for a water bottle while you're at it

>>15886538
This

$1000 eoy niggas

>>15887077
>racist agenda
KYS subhuman faggot nigger like.

>>15889644
boomer

>>15886653
the boomers will be too worried about roasting in hell by the time the shit hits the fan for us

>>15886904
fuck I want to go buy some right now just because the price is extraordinarily shitty

>>15889819
>>15889834

Yes im the 25 year old boomer at least im not an underage newfag who makes 2 consecutive posts now go cry about how you spent all that money on a gender studies degree faggot

>>15888236
This. I saved every bit I could for a year. Came to $1000. Then both cars needed repair and the boiler died. I don't have anything left for Christmas. Oh yeah, the boiler will be $5000 to replace. So saving and scraping only left me at -5000. Yay. I'm fucked.

>>15886904
>>15886940
At this point it’s not even catching a falling knife. It’s just batting one around on the ground like it was a fidget spinning vegetable peeler

>>15889732
i dont but okay keep making shit up and larping, all my chainlinks are free how do you feel?

>>15887077
Nice post anon. Too bad this whole country is NPCs

>>15889511
Xer here. My dad was making more than twice what I make when he was my age. On a high school education. He had a beach house for fucks sake. I hope I can afford Christmas for my kids.

>>15889644
>muh participation trophies meme
Yeah, and who invented those trophies you braindead geriatric fuck

>>15888109
Fuck you!

>>15889990
Gen X should have been a warning to all that followed. it'll only get worse.

>>15887077
>Build debt -> wait for debt to catch up and shred economy -> print money to bandaid -> build more debt
That's the leftist method my dude, what do you think happened to the USSR? Left is government control, Right is decentralized control. Too far left and you've got a total dictatorship, too far right and you've got total anarchy. What do you think leftism actually is, besides an excuse to harass/kill people for your masters and claim you're freeing everyone by instating more power to your new Feds.

>B-But that's not-
That's what communism/socialism does literally every time it's implemented, every single time.

>>15886504
This is spot on, it’s exactly what I’ve been thinking about because it’s happening to me. I’m just about to hit my stride in terms of my career, right as the economy seems primed to tank.

>>15886538
this thank the gods for chainlink

>>15888422
this.

>>15886575
>7% earned on investment you will have $600k in 30 years.
YEAH JUST DO AS WELL AS HEDGEFUNDS MILLENIALS

>>15886575
>>15889644
bait

>>15887138
S&P 500 is western capitalism thriving, if you believe in it, invest in it.
If it goes to shit then who cares anyway you'll have to bend over for whoever comes after.

>>15886575
>7%
You fucking idiot

>>15886538
Think of what would happen if Chainlink failed and all the NEETs here got justed, this would make the news. Either way it will end up with a great story.

>>15890005
So you realize participation trophies are bad yet fall to the same victimhood mentality that produced them. Stop blaming others for your shitty life desicions.
>>15890204
>everyone i dont like is a boomer
Again thanks for proving my point Im 25 cant wait until 10 year olds are calling you 15 year olds boomers kek
>>15889959
So why bitch about saving money by not falling for the #yolo lifestyle I mean I fucking love edm festivals but I dont blame my parents if I spend ll my savings going to one

>>15890421
you are probably poorer then all the people you are fucking baiting. you loser.

>>15890431
I maybe, or maybe not. Who brags about their wealth on 4chan? The point is you newfags keep falling for demoralization and generational hate aimed at further break down of the family/clan unit like the good goys you are. Stop being faggots and screeching boomer! because you got into debt for s0i lattes and a meme degree and because not every millenial was a retard like you

>>15887892
>Le 56% here
Feels bad man, I’d throw a hearty “how dis make you feel wite boi” but I’m just grateful I’m on the left side of pic related

>>15890461
>I maybe, or maybe not.
whatever you say poor shithead

>>15890471
Post timestamp with your account and a pic of sharpie in pooper larper

>>15889933
fucking kek

>>15886575
7% returns while the stock market dow is at nearly 4x its value from 2009

>>15886575

$600k in 30 years might legitimately buy you a loaf of bread or a bus ticket.

>>15886575
Absolutely pointless unless you figure out an appreciating asset to put it into. fiat is fucked and on the way out.

>just save bro

while we already have negative interest rates.