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/biz/ - Business & Finance


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19886037 No.19886037 [Reply] [Original]

I told my dad about 4chan /biz/. My dads been an investment banker and an assistant fund manager and now is a consultant for finance related firms. I told him about high-yielding investments I discovered on 4chan /biz/ and crypto and all that. I showed him all the P/E ratios and companies I analyzed to be safe but paid crazy high dividends. My dad responded, to paraphrase

>Son, the truth is you don't get rich off high-yielding investments, often times that's how you go broke and lose your shirt. You get rich off low-yielding investments, bonds with a yield under 5%.

I told him that was stupid, you'd never get rich compounding your money at 5% or less unless you made millions of dollars every year. He responded

>Son, you don't use your own money to invest in these low-yielding investments. You borrow money on mass through corporate funds at a low interest rate, ideally channeled from the Federal Reserve at very low interest, and buy safe low-yielding bonds in bluechip companies that are sure to pay. When you do this on a major scale, even by keeping a small portion of the profit you can get very rich.

So did /biz/ lie to me or is my dad nuts?

>> No.19886113

How do I get money on mass through corporate funds at a low interest rate from the Federal Reserve?

>> No.19886181
File: 53 KB, 1097x960, FB_IMG_1500898768903.jpg [View same] [iqdb] [saucenao] [google]
19886181

>>19886037
Honey, your dad is only an assistant manager. Get me the actual manager and I'll take advice from him.

>> No.19886235

>>19886037
>on mass
either you're a deluded LARPer or your dad failed at giving you a decent education

>> No.19886300

>>19886113
You need big investors to trust you to run a firm and for that you need to have a trustworthy record. You need experience in investment banking first, and for that you need to be recruited from an I-bank approved school.

Some examples of these are the American Ivy League's (except Cornell, they don't really recruit from there), University of Chicago school of economics, University of Texas

If you're in Europe then Oxford or Cambridge are your best bet. Frankfurt school is good but they aren't the best for if you want to work in an anglo-speaking country.

If you're Canadian then you have to go to the Ivey School of business at Western.

I'm sure there's more but the point is get into a target school and then beat 60% of the class and you'll probably get hired as an I-banker.

>> No.19886338

>>19886235
>Looked it up, it's "en mass"

Yeah I'm TOTALLY an idiot and uneducated because I didn't know the origin of a stupid phrase that sounds exactly like "on mass". Yep, totally the dumbest individual on the planet, I guess I should just tell MENSA that the 138 I scored on my IQ test was a blip and I'm actually mentally retarded. Thank you for enlightening me anon.

>>19886181
My grandfather was the actual manager. I haven't spoken to him but he taught my dad as a teenager so I'd assume he'd say the same thing. Although his career was biggest in the 80s when interest rates were like 16% so maybe he had a different strategy.

>> No.19886349

Of course, if you can convince other people to give you their money then it's easy to make a shitton of money
OP do you want to invest in my hedge fund?

>> No.19886362

>>19886037
This works well until the safe blue chip stocks you're holding go tits up and you're not receiving any cash to pay your creditors. Your dad sounds like a typical boomer; get leveraged up to your eyeballs and 'grow grow grow'. The reason why the world is in a shit state right now is because people are so highly leveraged. Large amounts of debt is not a good thing.

You're better off gambling your pocket money on options, or the casino, and hoping for the best. Instead of racking up large amounts of debt and giving your cash to some company that you know next to nothing about apart from reading some paid for audit report and bullshit accounts which you most likely don't understand. If a company had any faith in its business model it would take on debt itself. Using equity to finance your business means your business doesn't work and doesn't generate any cash. Simple as that

>> No.19886378

>>19886349
Well then what is /biz/ doing trading crpytos when they could be working on becoming I-bankers and starting their own funds?

>> No.19886396

>>19886300
lol I'll pass and sell calls on high yield stocks instead

thanks tho

>> No.19886408

>>19886378
sounds like a lot of work

>> No.19886464

>>19886378
>Well then what is /biz/ doing trading crpytos when they could be working on becoming I-bankers and starting their own funds?

This has got to be the dumbest shit i've seen on biz in years.

>> No.19886486

>>19886362
>This works well until the safe blue chip stocks you're holding go tits up and you're not receiving any cash to pay your creditors.

That's really only a risk as you're taking on new money and new loans. As the bluechip stocks appreciate faster than the rate of interest you start to build up equity. As your equity builds up your debt/equity ratio goes down and you become less leveraged. If you can manage your fund for about 5 years without a major crash you should have enough reserve funds in T-bills in case that happens.

>You're better off gambling your pocket money on options, or the casino, and hoping for the best. Instead of racking up large amounts of debt and giving your cash to some company that you know next to nothing about apart from reading some paid for audit report and bullshit accounts which you most likely don't understand.

So you're saying my dad, who's assistant fund manager, and my grandfather, who's the CEO of the investment fund, """"knows nothing"""" about the company? Bro are you hearing yourself? How do fund managers not know about their own company?

>If a company had any faith in its business model it would take on debt itself.

Yeah thats exactly what this is, borrowing money from mega-banks who get their money for 0% at the FED and then using that money to earn a higher return.

>Using equity to finance your business means your business doesn't work and doesn't generate any cash. Simple as that

You know you can do both right? Also it's hypocritical how you complain about high-debts and high-leverage and then shit-talk equity finance, when equity finance is the opposite of debt leverage and issuing equity to reduce debt is how companies reduce leverage.

>> No.19886499

>>19886037

Your dad sounds like a normie boomer who trusts authority figures who don't deserve that trust, like most normies. He will do fine right up until the system dumps its bags on his head. Trying to explain this to most normies will just upset them.

Essentially he's saying that the low yielding assets have a lopsided risk/return ratio, to the point that it is sensible for you to use leverage to invest in them, and this is logical.

...unless of course, the system is lying about and manipulating key variables you use for your analysis such as inflation (to know your real return), as well as the sustainability and stability of the system (to know your real risk)

IOW, the risk to low yielding assets isn't low at all, because the yield is forced by irresponsible monetary policy (fed) due to fiscal policy (congress) priorities, and this is unsustainable, hence far riskier than you may realize and prone to sudden shocks beyond a critical threshold. Even worse, their return is lower than believed due to misconceptions around inflation as stated. Most of them are in truth barely positive.

>> No.19886507

>>19886464
No im serious. If you spent all the time you spent here working to become an I-banker you probably could.

I'm under the assumption you're here like 10 hours a day, I know you probably aren't, but a lot of people spend all day here. Why not devote it to high-finance?

>> No.19886574

>>19886486
1 iq larp

>> No.19886624

>>19886499
>Your dad sounds like a normie boomer who trusts authority figures who don't deserve that trust, like most normies. He will do fine right up until the system dumps its bags on his head. Trying to explain this to most normies will just upset them.

My dad is the authority figure. He's an executive at a consulting firm and been a fund manager. I don't know what you mean by "trust authority figures". He's the authority figure you are supposed to trust

>Essentially he's saying that the low yielding assets have a lopsided risk/return ratio, to the point that it is sensible for you to use leverage to invest in them, and this is logical.

It's true and that's simply because the money to invest in these companies does not exist yet as it has not been made by the FED, and therefore isn't priced in. When you live in a growth world the market can't price everything in because the money to buy the things doesn't exist yet.

For example, when Europe discovered America and announced plans to build a civilization, there was a gold-mine of opportunity. The risk/reward ratio was clearly slanted in favor of investors because growth was going to happen, and the resources to reinvest in the growth didn't exist until the expansion and thus could not have been priced in. You could guarantee a great return if you bought an ETF in the United States growth index in 1700 (if such a thing existed).

That's like the current economy now. We know we're going to grow for another 100 years but the market hasn't priced it in because it can't.

>because the yield is forced by irresponsible monetary policy (fed) due to fiscal policy (congress) priorities

Nonsense, the FED knows what its doing and has for years. It's keeping inflation below 2% and growth stable. the Fed is literally doing nothing wrong.

>> No.19886629

>>19886037
>You borrow money on mass through corporate funds
Great thanks for the advice anon let me just check my corporate fund oh they say FUCK OFF so I guess it's back to shitcoins for me. Good talking to you.

>> No.19886650 [DELETED] 

>>19886574
You're clearly trolling, speak again and you're getting banned.

>> No.19886670

>>19886629
When my dad says corporate funds he meant starting your own investment fund, not borrowing form one.

>> No.19886677

>>19886338
>en mass
En masse

>> No.19886689

>>19886670
You need to be over 18 to post on this board

>> No.19886692

>>19886677
This is /biz/ not /lit/ bro.

>> No.19886730

>>19886689
I just turned 18 today actually.

>> No.19886739

>>19886624

> the Fed is literally doing nothing wrong.

You're being just a touch too obv with that one.

>> No.19886742

>>19886037
He is smart and you're lucky to be in a situation with such a father, my dad thinks the earth is flat and refuses to get a pension.

Yes he is right, the issue is most people can't get access to that amount if money in a low interest fashion.

>> No.19886771

>>19886739
>Preventing an economic depression is bad

The mods are going to remove your post. I'd rather you not respond then troll me when I'm trying to help the board.

>> No.19886791

>>19886742
That's why he's saying not to invest my money in anything other than bonds or bluechip, wait until I become a fund manager or have considerable access to capital as a broker and then really get into investing.

>> No.19886810

>>19886739
Actually i just realized your not even criticizing the FED you're full blown conspiracy theorist. Yeah you're getting blocked.

>> No.19886848

>>19886730
Oh yeah? What time?

>> No.19886864

>>19886848
I was born at 10 A.M

>> No.19886910

>>19886864
Oops looks like you're still 17. Jannies remove this thread thanks.

>> No.19886911

As usual the biggest lesson is, the most important attribute for a fund manager is to convince people to give you their money. Actual results don’t matter though they often help. Hedge fund types get rich off fees and jewery and when they DO beat the market it’s through luck or, again, jewery, not any special skill or insight. It all comes down to marketing and inside connections.

>> No.19886918

>>19886037
Your Dad is right if you can manage to get those low interest loans. The truth is those low interest loans are only available to a select few. When you are just an average middle to low class wagie your only hope of escaping slavery is moonshots. Then when you are rich you can make low yielding investments.

>> No.19887006

>>19886910
I'm clearly 18 dingus it's way past 10

>>19886918
But you can work to become a fund manager through dedication and hardwork.

>> No.19887250

>>19886486
>As the bluechip stocks appreciate faster than the rate of interest you start to build up equity

Yes you build up equity... ON PAPER. As I said, it works well until that company goes tits up. But riddle me this, why on earth would a company take your cash as opposed to a real bank. You are just a middleman, and you don't provide anything to them, except cash, which doesn't belong to you, it belongs to someone else. You're telling me you can make a margin in that stupid little arbitrage? Well you could if you did it on a large enough scale, but again we come back to my original point, it works well until shit hits the fan and all of that debt you took on wants paying.

It's not hypocritical to complain about both debt and equity financing. They are both a false economy.

>> No.19887273

>>19886911
This guy gets it

>> No.19887300

>>19886507

Because i already work a job in finance and put all my money in LINK and RLC and im already almost retired. Thats why I know your advice is dogshit.

>> No.19887311

>>19887250
>Yes you build up equity... ON PAPER. As I said, it works well until that company goes tits up. But riddle me this, why on earth would a company take your cash as opposed to a real bank

They aren't taking your money. Most bluechip companies don't issue stock anymore, you're buying the stock from other people in the secondary market. The companies typically borrow money at crazy low interest rates.

>You are just a middleman, and you don't provide anything to them, except cash, which doesn't belong to you, it belongs to someone else. You're telling me you can make a margin in that stupid little arbitrage?

Ignoring my previous point (which is still true) a company has no obligation to shareholders but they do owe obligation to bond holders. A company may not want to borrow money because share issues are basically risk-free. THey don't HAVE to pay dividend until they really feel they're ready

>Well you could if you did it on a large enough scale, but again we come back to my original point, it works well until shit hits the fan and all of that debt you took on wants paying.

The FED will always QE these companies if there's any serious market crash. Other than the literal fall of the United States there is no possible way for the big Fortune 500's to all go bankrupt or "hit the fan" as you say. During even the most extreme crashes they'll fall at MOST 20% and then quickly rebound for the following 3 or 4 years until their back to where they were.

In the meantime you do suffer a lost though it's still worth the risk.

After-all, you're not going to get rich if you don't do this.

>> No.19887362
File: 21 KB, 236x301, retarded.jpg [View same] [iqdb] [saucenao] [google]
19887362

>>19886742
Based fuckin dad. Wish i had that dad.

>> No.19887393

>>19886037
okay thanks I'll just open up my own IB and get fed money!

>> No.19887408

>>19886911

and not gtting stolen by surveillance

>>19886037

simply 'cause loans require purchasing treasurer bonds

>> No.19887442

>>19886624
>when Europe discovered America and announced plans to build a civilization
Reminder that you bums still owe us for that and you stole all our investments when you declared yourself independant. Not that the fucking brits didn't steal it first like they kept doing all over the place. Fucking tea junkies.

>> No.19887477

>>19887393
If you spent as much time trying that then you did posting here you might get it. Investment bankers don't pop out of no where, they are people like us who work hard.

>>19887442
Shut the fuck up.

>> No.19887503

>>19886037
He is right. Just not if you are a retail trader. You simply don't have the capital so you have to have a different strategy, one that often involves more risk if you won't to make good money

>> No.19887505

I'm not any of that, OP. So am I doomed because I'm here and not at an I-bank accredited school?

>> No.19887522

>>19886037
Tell your dad he is retarded. If I could go down to the fed and fill a truck with hundred dollar bills like banks can then obviously I wouldn't put it in the stock market. But seeing as how I'm a normal person with normal assets and means I have to employ a different strategy.

>> No.19887535

>>19887505
You could always become an investment banker if you dedicated enough hard work to it.

>>19887503
But you can join the investment banker club, it's not like they are landed aristocracy. THey worked hard to get there.

>> No.19887557

>>19887522
>f I could go down to the fed and fill a truck with hundred dollar bills like banks can then obviously I wouldn't put it in the stock market.

That's exactly what my dad said to do, are you retarded?

>> No.19887652

My dad says your dad is an idiot would kick his ass

>> No.19887660

>>19886037
What if you just bought LINK instead and then used the money from that to get people to lend you money and then invested that in bonds?

>> No.19887708
File: 1.84 MB, 325x244, 1400280341498.gif [View same] [iqdb] [saucenao] [google]
19887708

>>19886624
>the Fed is literally doing nothing wrong.

>> No.19887761

>>19886037
No you’re dad did not lie to you nor is he crazy. He’s just been a part of the short vol regime for his entire career and never took a step back to understand the market structure throughout his career. We’re entering a new vol regime where “the search for yield” (low yield compounded with leverage) will create beggars and paupers out of men who were titans of finance in a past life. He’s a part of the 1 sigma tribe and is deathly afraid of the 3 sigma fat tail people. He finds comfort in low yield which will be his (and others) demise

>> No.19887772
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19887772

>>19887708
Take your meds

>> No.19887807
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19887807

>>19886037
That's why I'm holding ICX

>> No.19887812

>>19887761
My dad is with me right now reading through some of the comments. He basically just said you lack basic understanding of finance and economics and have never put any real thought into how markets work.

>> No.19887816

>>19887761
Nailed it

>> No.19887817

>>19886692
not excuse to be an illiterate dumbfuck

>> No.19887852

>>19887812
Ad hominem attacks. Typical of 1 sigma short vol scum. Continue coping pops. Old wall is done

>> No.19887877

>>19886338
cringe

>> No.19887884

>>19887535
You seem to be making the assumption that no one makes money as a retail trader

>> No.19887897

>>19887816
Nah, it's just not understanding economics or finance.

>> No.19887909

Reddit tier bait thread
MOOOOOOOOODS

>> No.19887935

>>19887817
Yeah because not understanding French jargon means you're illiterate.

Ok retard.

>>19887852
That's all you did, you just attacked him calling him a "1 sigma tribe" while saying absolutely nothing against his strategy.

"Chasing the low yield doesn't work anymore"

yet you never said why, you just attacked him

>> No.19888017

>>19887311
>you're buying the stock from other people in the secondary market

And why does this secondary market exist? Are you implying that, just maybe, bonds get rated by their ability to pay and are priced accordingly on a secondary market? But oh wait, I thought you said there's a contractual agreement to pay the interest on the bond???? It's basically free money right?? Rule number one of convincing people to give you their cash is don't undermine yourself in the next sentence.

>The FED will always QE these companies

I was about to explain the intricacies of how printing money devalues your currency but since the whole world is doing it right now, it's irrelevant.

You seem to have it all figured out though, good luck. And just remember, it's not your money you're losing, it's someone else's. I hope you can live with that on your conscience, because I certainly couldn't.

>> No.19888143

>>19888017
Because people need somewhere to sell their assets for cash when they want liquidity over a return-bearing asset, otherwise no one would want stocks.

>bonds get rated by their ability to pay and are priced accordingly on a secondary market? But oh wait, I thought you said there's a contractual agreement to pay the interest on the bond???? It's basically free money right?? Rule number one of convincing people to give you their cash is don't undermine yourself in the next sentence.

There is a contractual agreement to pay and blue chips can always pay, that's why the yield on a blue chip bond is always near the discount rate.

>I was about to explain the intricacies of how printing money devalues your currency but since the whole world is doing it right now

That's the whole point, you're suppose to devalue your currency to prop up the value of hard assets. In fact Trump has said clearly how he plans to devalue the dollar to combat China doing it, although that's for a different reason.

>You seem to have it all figured out though, good luck. And just remember, it's not your money you're losing, it's someone else's

Now i understand why they are so selective of who they put in charge of investment banks. People like me get raised from cradle to be investment bankers and run funds, I used to think it was just artificial exclusivity and elitism that kept commoners out of this practice.

Now I realize... if people like you ran funds we'd be fucked.

>> No.19888198
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19888198

>>19887812

Imagine bringing your daddy into your 4chan thread to help fight the mean posters that post image macro and gifs you don't like imao. btw when you finally kill yourself don't forget to do a flip faggot.

>> No.19888216

>>19886037
Yes if someone found $1B at a 2% interest rate and parked it in a 5% yield they will make a lot

>> No.19888217

>>19887812
your "dad" is a retard

>> No.19888295

>>19888217
Ok, lets see your investment fund, lets see your net worth.

>> No.19888336

>>19886338

Seething lmao

>> No.19888373

>>19886037
He's right but most of us are not part of the desert tribe do we cannot access extremely low interest loans direct from the fed

>> No.19888380

>>19886235
hello pedant

>> No.19888412

>>19888198

It’s a larp

>> No.19888507

nice troll OP

>> No.19888616

>>19888507

It's a good diversion from the 50+ pajeet shitcoin threads at least.

>> No.19888741

>>19886810
>Yeah you're getting blocked.
lol

>> No.19888843

>>19887477
Give me my reparations you naïve child.

>> No.19888989

8/10 bait thread. If you didn't get carried away I'd have believed you. I loved the whole "spoiled, sheltered, naïve, daddy is a god" bit you've got going on.

>> No.19889055

>>19888989
How did I get carried away?

>> No.19889121

>>19886300

>The only way to make money is to take this extremely specific life path

>> No.19889180

>>19886338
>mensa
>literally SEETHING

autistic creatura detected

>> No.19889185

>>19889121
Kind of, if you don't use leverage you cant really become rich unless you're a celebrity.

IT doesn't have to be an investment fund but using leverage is the only way to get rich in capitalism. From Bezos to Gates to Belfort to Buffet, they all used leverage to expand their business.

>> No.19889205

>"i looked it up"
>"its '''''en mass'''' "
hahhahahhahaha what a fucking retard, it's en masse you sperging fuck

>> No.19889237

>>19889205
Yeah im totally retarded for not knowing that totally

Come back when you're getting into ivy league schools and have had dinners with fund managers.

How about you tell me how much you're worth, and I'll tell you how much I'm worth

>> No.19889250

>>19887935
get a load of this dumbass teenager hahahahaha everything you say is now null and void. your dad is more than likely a broke ass po'dunk cousin fuckin' redneck and you're the product of his incest

>> No.19889279
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19889279

>>19889237
>Yeah im totally retarded for not knowing that totally

>> No.19889290

who will lend millions at low interest rate?
oh yeah right

>> No.19889324

>>19889290
THe FED and every major megabank in the West?

But sure buddy, keep dreaming.

>> No.19889405
File: 60 KB, 500x495, tumblr_inline_nt0vfexkpK1spsojg_500.jpg [View same] [iqdb] [saucenao] [google]
19889405

>>19889324
>"my daddy said so"
>"why would he lie?!"

>> No.19889468

>>19886235
And walla, the resident faggot is here

>> No.19889513

what is the cantillon effect?

>> No.19889528

>>19886338
>thinks Mensa accepts “iq tests”

>> No.19889561

>>19886486
>my dad
>whose son the of the ceo
holy boomer nepotism

>> No.19889568

>>19887535
>gets a job from his dad who got a job from his dad
>just work hard bro
Dropped

>> No.19889639

>>19889513
Cantillon effect benefits people like my dad since he gets the money right after the banks and the banks don't do anything but loan the money to him

>>19889528
MENSA gives IQ tests, i was tested by them.

>>19889568
I'm in school right now bro, and yeah im the son of a investment banker but most people in my program don't have parents in this. A lot of people just did well in school and got accepted into the program.

>> No.19889674

>>19886362
>You're better off gambling your pocket money on options, or the casino, and hoping for the best.

>you're better off giving your wealth to the lucky few that don't lose and I'm going to ignore every evidence that contradicts my retarded assumptions of investing.

buy high, sell low, the post. fuck off.

>> No.19889708

>>19886235
Kys

>> No.19889730

>>19886037
Classic boomer bullshit in reality the fucking rate of inflation is probably crowding out all the low yield investments

>> No.19889770

Yes, tell that to the suckers who bought low-yield investment grade mortgage backed securities in 2007.

>> No.19889771

>>19889730
t. time traveller from 1975

Inflation is like 2%.

And if you're making 25 million dollars a year off running an investment fund, how are you going to be hurt by inflation?

>> No.19889801

>>19889770
Sure buddy, sure

Take your meds

>> No.19889815

>>19887006
Very few fund managers exist proportional to the population for a reason, being that if everyone did it the system would collapse. Besides, other people want to choose different occupations. If you want to be a retail investor you are not privy to the same systemic benefits as being a fund manager and thus you cannot operate the same way, meaning that in order to maximize benefit you have to take more risks with your money. It is the less safe option but ultimately it is the only available option to the majority of people here, in terms of wanting to get rich through finance. Not being able to see that is quite narrow-minded.

>> No.19889863

>>19889815
Just get your dad or uncle or someone you know to set you up with a firm problem solved.

>> No.19889911

>>19889237
trump or biden

I sadly went into engineering instead of business

>> No.19889910

>>19887311
Your point about the Fed using QE also implies that the stock market is inherently not connected to, although it can be correlated with, the inherent value of the expectation of future growth of the company you have partial ownership of. Does that not seem to be disconcerting, considering originally that was supposed to be the incentive of purchasing the stock in the first place?

>> No.19890000

>>19886037
>interest rates are low making borrowing easy
>bod yields go down to counter balance this

Bro does your dad even into rudimentary personal finance?

>> No.19890057

>>19889237
You realize by the way that some of us are currently enrolled or are alumni of Ivy League schools, but choose to come here because of the community, or because of the 'rona, right?

>> No.19890146

>>19889863
There's more than one way to skin a cat, and more than one way to make money off of finance. Resigning yourself to the option of working a fund isn't the only way, and if you're good enough at choosing companies with potential and value, why not try and maximize your growth potential during the bull runs?

>> No.19890384

I killed the thread. I win. Future financebro BTFO

>> No.19890457

>>19886037

I mean okay sure your dad is technically correct. This is the safest way to get incredibly wealthy assuming you took on all the necessary debt to get your degrees and then did the proper networking for years to pull in the investors.

For someone like me who was a fucking restaurant manager I went the other route which is insane amounts of due diligence before buying, dollar cost averaging, and small amounts of swing trading on low leverage with 10-15% of my portfolio max for which I was basically all in one asset.

Most millionaires born from equity and stocks did so with their eggs all in one basket. You then just watch it incredibly carefully. When you find a Golden Goose, why would you buy eggs anywhere else? Your father's strategy is limited to a relatively small number of people that generally work years to get to the point where they can employ it.

Once I hit a certain threshold of wealth, I'll begin diversifying in much low risk dividend assets to retain it. In addition to physical/tangible assets, some with cash flow properties as well. The idea is to also drive my costs down incredibly low and become as self sustaining and as off-grid as possible, which will be doable with how technology is progressing.

>> No.19890773

>>19886037
your dad is the meta "lowest risk safest return" type of investor.
thats diametrically opposed to what /biz/ is mostly about which is buying pink sheet cryptos before the market realizes theyre bluechips or typically high risk high return investing with a side of lambos and asian whores.

your dad is a fossil. the rules of the game have changed now. your dad may never be obscenely rich, but he wont ever be poor, put it to you that way.

>> No.19891084

>>19890000
Yeah but that makes high profits, learn economics

>> No.19891125

>>19886338
Like any menza member that anounces any affiliation, you come off as an insufferable cunt, faggot.

Beware the pride that comes with intellect my child

>> No.19891178

>>19886338
He's right about the low yields though.

Compound interest something something something einstein jew

Shabazz Shalom mother fucker

>> No.19891325

>>19886037
Your dad is saying that instead of looking for massive gains, look for certain but modest gains and use massive leverage.
He’s wrong, not because it’s worse but because it’s the same. Leverage multiplies the risk right back up and you’ll be just as likely to lose your shirt.
That is unless you can fool “investors” to lend you money with more patience than a broker, i.e. you don’t get liquidated as quickly as your leverage implies you should. That would improve your risk exposure (though not theirs). Unless you are a genius, doing this is essentially fraud since your investors will have no reason to believe they should trust you more than your broker does.

>> No.19891430

>>19890773
You’re missing the part where his dad is suggesting he uses massive leverage by dressing up in a shirt and defrauding widows of their retirement funds, passing all his risk to them.

>> No.19891465

>>19891430
well thats what the institutional shitters have been doing for decades.
they typically dump their losses and losing positions onto things like pension funds.
so at the end of they day, they never actually lose.
it should be a crime, but it isnt unfortunately.

>the rich always find a way to get richer kinda thing

>> No.19891512

>>19886624

Never trust advice from someone who participated in nepotism (your dad).

>> No.19891628

>>19889237
You’re French nanny were supposed to teach you manners and French, apparently she failed with both duties.
> iVy LagoUe sK0ol
Pfft

>> No.19891770

>>19891465
Yup but the funniest part is how they decided in the last decade that they want bonuses in bad years too so they went “won’t somebody think of the pensioners!!” and got the state to bail them out, passing the risk from the widows to the tax payer at large. Good for the widower. Godd for everyone except tax payers who are not yet customers of the fund managers, who now take on all of the risk in return for none of the gains.
It’s not possible for this to continue, it’s too transparent.

>> No.19892247

>>19887311
Rich in fiat. All in on gold and silver. Live in a religious town that is going to use our own money after the next banking collapse.

>> No.19892598

It's simply not true

Nobody gets rich off low yield. You beat inflation and conserve wealth off low yield.

If you're smart (buy LINK and a bit of DMG) you will get rich.

>> No.19892868

>>19887006

Hard work is key for the trad route, and you'll end up in a great job with great earning power if you're seriously good. I'm in med school, graduating next year, but man, I put 500 into eth in Feb 2017, gambled with a few shitcoins, and ended up with 1.8 btc, which I changed to eth to buy LINK in ICO and ether delta. I put 2.4ETH into the linkpool ICO, which is now worth just over 100 eth.

from 500 euro I'm sitting on 72K link and 3.6 LP. I didn't work hard for this (relatively; researching etc), I was smart and lucky.

Ask your dad if he can flip 500 euro into 350K USD in LINK and 20K in ETH in 2.5 years. There are exceptions, which become the standard once everyone finds out.

Your dad is a senior in his field, but couldn't even explain what blockchain is, let alone a smart contract, let alone an oracle, let alone a decentralized oracle network. He has no right to comment here.

When you're young, you can afford to take the big risks, and you're not responsible for anyone else's money. But like that linkie post thats been shared a few times, just because something is blindingly obvious to you and you've done the research etc. and no one else understands it, doesn't mean you should sell.

>> No.19892949

>>19892868

Pretty fucking awesome to have a dad like that though, teaching you stuff, and despite your naivety re crypto, its good that you're learning from him. He without a doubt has some massive life lessons that you can learn from (even though you may not understand it at the time). SO your dad is based in that aspect.

Tell your dad to get a suicide stack of LINK. Man like that should easily be able to drop 4.8k USD. Based boomer dad

>> No.19893926

>>19886338
>en mass
It actually means "en ma ass" the way your head is.

>> No.19893989

>>19891430
At least someone else on this thread fucking understands what I was moaning about earlier. Thank you

>> No.19894073

>>19887935
>Yeah because not understanding French jargon means you're illiterate.
Your the first person I’ve seen on this board to call it “on mass”
Ur actually retarded and your posts are full of pure seeth

>> No.19894191

>>19886730
it shows

>> No.19894836

>>19889185
>omitting leverage king jesse livermore
shit list

>> No.19895577

The reality is that for the retail investor, the only thing investing really does is guarantee they don't die poor.
Contrary to what that shitstain Kiyosaki will tell you, the greatest return on investment for a young person is their own potential and human capital. Unfortunately the only real key to wealth is a heavy reliance on one's chosen profession. The fact is that unless you have a large, consistent annual income for a long time you are literally never going to make it.