/biz/ - Business & Finance

>>49377612
Where do you live and what is your job

>>49377754
>>49377612
Who cares it's an iphone faggot
KYS OP
/thread
spbp

>>49377754
I’m a pilot in a cheap area

>>49377612
you should probably eliminate your mortgage before throwing everything into an IRA

>>49377767
holy based

>>49377767
Wait how can you tell I'm phoneposting

>>49377807
A886B8DE-4CC9-44C7-9BF1-E181E67241FF

>>49377816
Fug I should’ve stuck with Android to keep phoneposting covert

>>49377767
Based

a bear market is the greatest boon to new investors they can possibly experience
I want to buy now a hell of a lot more than at an s&p 500 pushing 5000

>>49377789
wrongo

>>49377612
>>Do a 5 Year Stake with 11 T Shares,
>>Do another 10 Year stake with 10 T Shares and do a 15 year T Shares. Retire early, fuck allt he roasties and live my best life.
>>Doomer bros waging hard to make sure my life tendies in life are produced.
>>Forgot I got into PulseChain and PulseX retire in 2025
>>Life is good

>he bought into the idea of 401k plans
>le index funds with guaranteed 8% annual returinos

>>49378302
>>he fell for the "Just wage slave for 50 years bro"
Crypto is the way.

>>49377612
Hedge against inflation with some hard assets and precious metals.

>>49377612
>>49377612
dude roth shit is basically a long term investment. Wait until we enter a deflationary period and you'll be content we did. Until then just keep grinding faggot. Inflation is a LOT More complicated than HURR HURR CPI GO UP WE'RE ALL FUCKED. Otherwise go gamble on risky shit and/or shitcoins and lose all your money who cares

>>49378374
What is sam hill is going on in this picture? Also you are too dumb to realize that crypto is done for. Nov 2021 is the peak of crypto. It's all downhill from here. Unironically WANGMI.

>>49378302
more like 10-15 brainlet. also OP if you can put away 2500/mo then you're doing just fine. Shut the hell up faggot. Just about every asset in the world has supply being

>>49378696
Sorry forgot to finish my thought but pretty much every single supply cap in the world of any asset not being consumed for industrial purposes is going up. (Including shiny boomer rocks). Think longer term than a few years you fucking queer.

>>49377612
> roth 401k, roth ira
Just use the smith and wesson retirement plab and off yourself when you turn 66

>>49378615
>He doesn't know about the Bull, Bear and crab cycles. NGMI

Here is the sauce for pic related:
https://www.youtube.com/watch?v=7jlSHGAem6g

>>49378804
that's my plan

>>49378804
Unironically not a terrible retirement plan

>>49377776
>>49377807
>>49377836
the first letter of every sentence is capitalized by default

>>49377612
You're wasting your time investing in boomer stocks and index funds. Those are designed to crash and burn. You'll be lucky if you double your money in 30 years after inflation at this point

The fastest way to reach a money goal is to increase your income, not investing and definitely not gambling shitcoins.

At one point, I was putting in $4,500/per month into my investment accounts. I took all of that money and put it into starting a business and now I'm making around 5k per week.

>>49378464
kek

>>49377767
sneed

i only put enough into my 401 for the 6% match

-work a higher paying job or do overtime
-invest in a side hustle/your own business
-if you manage to make your side thing profitable a huge margin then you can think about investing in stocks/bonds

you got it all backwards OP

There is no free money everywhere. Stocks go up and stocks go down. You have to be able to withstand this to earn the equity risk premium. If you can't handle volatility then you need to be in bonds, not stocks.

>>49377612
you're too young but if you were investing in 2018, you'd be used to this
>crypto market went down 90%
>stock market slowly bled 20% over the course of the year
I spent a whole year investing more than 50% of every paycheck, and watched myself get poorer each month

just be patient, valuations will go back up

>>49380370
Maybe they were just bad at it, but all my boomer coworkers I talk to that used to have their own business say that it's not worth it. Huge time investment, a lot of uncertainty regarding the future, and at the end of the day, not even necessarily that much more income than at a regular wagey job.

I have to say though, despite that the idea of doing my own thing always appealed to me. I suppose software would be a pretty easy avenue, considering you require very little to no initial investment, and free learning resources are abundant.

>>49378696
>t. "Financial advisor" charlatan