/biz/ - Business & Finance

>>53127494
Literally everyone is bearish and most are in cash, you're a delusional coping bobo who missed the bottom. I WFH and total comp is over $500k btw, stay poor gay bobo.

>>53127494
Bottom signal

>>53127624
>>53127646
these
i don't know how much more retards here need to see to understand that this is the bottom
the bottom could come knocking on your door and you'd still just ignore it

>>53127655
Ok

>>53127494
>he rides high beta names down, only to sell out before they inevitably pump
He should unironically just stick to low vol indexes. He can't stomach the volatility, Tech, small caps, they get cut in half, they blow back up, then get cut in half etc etc. This is why retail average return is 2% vs the markets 8%.

>>53127494
Hahahaha, I knew that I am way too stupid to invest so I just DCA'd every paycheck into $VOO lmao. I may not be getting crazy gains with tech stocks but at least I'm not losing sleep over it.

>>53127673
this is what it comes down to, some people just can't handle the losses, it's the same in crypto
most would rather 3% a year rather than invest in something like tech stocks or god forbid crypto

https://www.youtube.com/watch?v=XbZ8zDpX2Mg&ab_channel=AlexMillar

>>53127657

Ok

>>53127624
Lmao 500k? I work remotely part time making 800k with 2 years of experience in machine learning.

>>53127672
VOO (S&P500) also contains the big tech stocks

>>53127787
It doesnt have VGT type gains though

Buy signals.

>>53127759
Show paystub. You can't

>>53127759
Show ADP stub nigger or shut the fuck up.

>>53127759
Lmao 800k? I work remotely part time making 500mil with 2 years of experience in JavaScript

>>53127655
notice that he has still not pulled his money out of the index. When he does (the next leg down) that one is the bottom

>>53127624
i made $2.68 million on my K-1 last year. i can't possibly imagine bragging about that kind of money. tell me you were raised working class without telling me you were raised working class.

I do in fact love this
>create a simple and inexpensive way for retail investors to finally acquire capital themselves and take control of their lives away from capital owners by creating a total market index so that they can tie their wealth to global economic growth
>almost immediately capital owners realize that no one is ever going to be satisfied with average returns regardless of how much better they are than the alternatives so they take a simple concept and deliberately make it complex, slicing and dicing up the market once again with shitty expensive financial instruments touting a yuge return
>of course every dweeb refuses to think he's average
>of course every dweeb thinks he's smarter than everyone else
>of course every dweeb thinks average returns aren't good enough and chases returns
>of course every dweeb justifies higher fees with higher returns

more people are claiming the bottom is in vs there being further to go which leads me to believe we will keep dropping

>>53129627
Might only be in real terms. Gold miners have momentum at the moment. Might also be able to play telcos

>buy and hold a diversified portfolio of diversified ETFs, many of which have the exact same stocks
HAHAHAHAHA, holy shit.
Best part is that he'll sell everything, immediately dump it into the VOO, and then won't be able to harvest tax losses under wash trading rules.

>>53127672
>$VOO
its -20% in the year vs -25% for the market, so its doing well enough but its not like its outperforming other indexes particularly.

>>53127759

my local mcdonalds pays me a 1m to watch a webcam to make sure the wagies work and report if they don't.

>>53129688
this is the main message here, they name 7 funds, the composition of which is 95% exactly the fucking same...ie...the own a shitload of apple, google, amazon etc...
its all so tiresome.

Wow good thing we're extremely intelligent and have a much better idea of where the market is going than these redditors

>>53129752
It doesnt matter where it goes, selling into your losses on a long term investment is retarded

>>53129752
Most people on here that make good money invest mostly in an sp500 index and gamble a small amount in crypto

>>53129768
>selling into your losses on a long term investment is retarded
this, they are in there fucking 30's. they have 25+ years to go and are selling into a market low, they are textbook dumb asses.

>>53129476
They never admit that tho.

>>53129773
>people on here
>make good money

I'm in qqq vti schd
Is this fine?

>>53127494
>r/Fire

>>53129868
Pls anons I don't want to go back to plebbit. I like it more here

>>53129618
its not that hard. just buy low and sell high. reddit and 4chan will just scam you because the people on these sites are mean americans

>>53129688
if it tracks a different index it isn't a wash

>>53130485
Depends how similar they are. Look at the composition of DRIV and VOO. They aren't considerably different.

Damn it feels good being able to just buy an ETH ETF instead of dealing with index funds.

>>53129618
Wrong. I think I'm smarter than everyone else because I am happy with average returns. Idek what my returns are I might be consistently beating the market for all I know lmao.

This guy's about to make a second mistake, selling the bottom on his volatile funds to invest in the conservative one that's going to have less upside when the bull resumes

It doesn't look like he's in shitstocks, just tech ETFs, which will rebound inevitably

>>53129688
And if he panic sold just last week, he could have tax loss harvested. Too late now.

>>53127624
>Muh inverse the herd!
>I make 6 gorillion wfh!
We need flags or something.

>>53130523
"substantially identical" means tracks the same index. go find evidence of a single case of the IRS dinging someone for etfs that have "mostly" the same holdings, you can't

>>53129627
pink wojak index is still too low

So will it really still keep dropping? Please write me a 10 post essay. I'm already sitting on a bunch of PM's that I bought during the COVID dip and wanna convert the rest of the cash savings that I have to a safe index fund

>>53129868
bump

>>53129484
I wouldn’t call us working class. We had toilet paper. But father would shout at us if we used more than one square.

>>53129484
>Old man earns more than kids because he's old
Ok boomer

>>53128383
>>53128695
You niggers don't understand sarcasm

>look at stonks
>filter out tech stonks that got brutally destroyed into sub dollar after 2022 like aquabounty thank you cathie and musk for dumping bags
>time to buy up a few thousand easily
>richman.jpg
>I can be future chad whale if these tech companies become FAGMAN big in 10 years

For me the strategy is to buy what I can buy a lot of

>>53127672
Investing is literally the meme bell curve where midwits get hosed. Being a DCA into index retard is like 90% as good as having a team of Ph.D.’s and analysts giving themselves seizures from caffeine and 120 hour work weeks.

>>53127759
Lmao 500k? I work remotely part time making 1200k with 1 years of experience in plumbing

>>53129728
What do you call that position?

>>53131637
what are you buying now rich man

>>53131763
wagiewatcher

>>53127646
If it is the bottom, what's wrong in going into $VOO?

I've been buying for months.

>>53127624
Oh yeah? Well I own nintendo and make $69 bazillion a year in dividend alone. Get on my level poorfag.

>>53129875
FIRE trannies are the fucking worst because they thought they had beat the system when in fact they're the most normie nigger cattle of the whole lot. Their entire strategy consisted of dumping everything into an ETF and then maybe getting fixed income from bonds. They literally thought they had it made. I follow this community pretty closely and have for the last 5-6 years. They literally thought that line was going to go up for ever and ever. This is literally God's punishment for avarice and sloth. You can't get something for nothing. You got to at least give a little.

>>53127655
Exactly. But the bottom channel will last for at least another year. Normies and redditors will lose all hope at minor downturns and sell at a loss. DCA'ing in 2023 seems to be a solid play.

>>53129868
help me niggas

>>53132013
Anyway, I forgot to add that my YouTube homepage is now littered with retards like the one in OPs pic who are getting absolutely fucking fucked and are having to either moonlight a side gig or full on get back to the workforce.

>>53132031
Vanguard has NASDAQ, tech, growth and momentum funds that don't rob you of your gains with fees. Stop buying QQQ and get into a Vanguard fund instead.

>>53132031
QQQ a shit

>>53132060
>>53132056
i see. ty
what is a good vanguard sector to purchase? energy?

>>53132031
Uranium, Crude, gold and silver miners, lithium, battery metals mining and a huge cash position / park it in gold or silver.

>>53132086
Energy is capricious and subject to international politic horse shit. Then again, most everything is downstream from energy. I'm a DOW boomer desu senpai.

>>53127655
>b-but the federal reserve will [blah blah blah]
you won't convince them anon but real traders with real trading intuition know this is the bottom (more or less)

How do these people get jobs that make so much money yet they're so retarded? I can't even get a fucking wagie bullshit job and I have a four year degree

>>53127494
many such cases when it comes to low IQ techshitters

>>53132200
globohomo took over tech and rewards the most loyal followers

>>53127494
100% bottom signal
>omg what if META goes to 0

>>53132129
>tfw no goofy looking huge titty gf to suck and fuck

>>53129476
>notice that he has still not pulled his money out of the index
Ding ding ding. Fake bears are the main new development of this cycle.

>>53132013
>past tense
lmao get fucked, I will live on a middle class income in perpetuity without lifting a finger and one piddly little bear market isn't going to stop me in summary have sex chud

>>53130711
The IRS rule is deliberately vague, nonetheless. This Redditor could simply choose to not be a retard and just wait out the wash sale period before purchasing anything he sells at a loss.

>>53132013
I get that you're a poorfag neet with less than $50 to his name and FIRE as a concept triggers you, but why are you seething this much?

>>53127494

I hate Reddit posters. Please, gtfo.

>>53127759
Kek I earn £6m a year just washing cars twice a week

>>53128972
Fucking kek, $500 mil? I cleared over $1.2 bil last year with literally just an associates in gender studies.

>>53135900
6m is nothing bro. I make $14m picking up dog poop 3 hours a week