/biz/ - Business & Finance

>>16810440
that infograph make my blood boil

>>16810440
/Smg/ is where you belong. It's also the most patrician section of /biz/ so don't mess it up.

>>16810470
Why? Seems like they're concerned about their own well-being. They're a selfish generation and the only issue here is younger pussy socialist generations that want to "share the wealth". Boomers are based.

>>16810495
>t. boomer

Ehh. My father started working at 14 and retired at 50. My mother at 16 or something and retired at 53. I didn't finish university until I was 22 and I worked retail for 5 years on top of that which wasn't exactly lucrative. They bought a house at 18. I bought one at 30. I intend to retire at 60 just based on the fact I was in education for 8 years more than him.

They are incredibly entitled though. My mother in particular has shit for brains and wastes most of her money while whining about how she deserves a little luxury. Like half the time she is just getting ripped off. My father was pretty proud of the fact that he wouldn't get out of bed for less than $600 a day and acted bemused at the fact I was cleaning offices and doing bar work for $7.50 an hour to pay for my education. Seemed to think it was just a failure to get up early enough or have a firm enough handshake. Typical get up early, get a haircut, dress smart, look him in the eye, shake his hand shit.

Honestly though the older I get the more I find things are like that. Don't have time to accommodate the tiresome quirks of individuals looking to self actualise in the workplace, just people who are grateful to have a job who'll do whatever they are told and outwardly display simple signs that they aren't a complete fucking retard like ... being dressed, being on time and making eye contact.

>>16810440
Dividend boomer here. AMA

>>16810721
Make any gains?

>>16810440
I hope those fucks have to work the rest of their lives

>>16810848
Why?

>>16810495
boomers are 'sharing' others wealth with their 12.4% ponzi tax called social security

>>16810440

>>16810595
Alright, who the fuck makes $600 a day? I call bullshit.

>>16810440
Kek, stocks and dividends in 2020¿¿¿.
Cryptocurrency is the future not some old bommer shit paper from Soros and friends.

>>16810440
Those statistics aren't to bad

I can't retire or I'd go crazy!

>>16812269
You will make it when you realize that we were all crazy since the start.

>>16812269
Sad

>>16811643
I do, including today. Not every day though; only a handful of times per month.

t. 28 y/o freelancer

>>16810440
10% of my paycheck goes to my 401k every week. And my workplace gives company stock every year for retirement, 8% of my yearly pay.

I invest in some large cap stocks, ETFs, and REITs. The REITs and some of the stocks pay dividends.

I've got $150k in regular investments. And $80k in crypto.

70/20/10/10 VTSAX/VTIAX/VBR/VWO more or less across my 401k HSA and Roth IRA. Then like 70/20/10 LINK/ETH/BTC

Capture the 401k match->Max the HSA->Max the Roth IRA->basically split the rest between crypto and additional 401k contributions

>>16810440
Here's a better way. Spend $500, study, and get your real estate license. Easy peasy.
Now buy a duplex, live in one side, and rent out the other. Wow. Pays for most of your living expenses!
Live there a year and sell real estate with your license!
Buy another, do the same thing, and rent out your old place.
WOW!

>>16810930
To pay for economy they ruined. Pay for the wealth they burned up from the gen x, millennials, and gen z

>>16813200
might wanna reduce your crypto exposure

>>16810440
Low cap cryptos are still the best bet to make it. Buy FRM, stake, and chill.

>traditional ways
eventually buying digital meme tokens will be the "traditional way" to invest decades from now

every era has their own golden moment and you're currently just buying boomer bags after they've had their run

all in crypto

>live through the greatest economic times in history
>still manage to ruin the world and become reliant on robbing your children to survive retirement
how can one group of people fuck up everything so badly

>>16813949
How are boomers robbing their children? Are you one of those idiots who thinks he is entitled to an inheritance?

>>16814046
In the U.S. there's the social security ponzi scheme as well as the repo markets.

>>16814056
Social Security robbed the boomers. If they didn't have to pay into it and could use the money to invest in something else, they would be much better off.

>>16814069
Irrelevant. The money is still being taken from the younger generations, who will never benefit due to the system going bankrupt in ~15 years.

>>16814091
No.