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/biz/ - Business & Finance

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55459626 No.55459626 [Reply] [Original]

I have to do extremely high risk trades, not because I am greedy, but because my family didn't build generational wealth for me, and thus I cannot "play it safe" as "playing it safe" will get me nowhere, as there is no wealth in the family for me to "play it safe" with.

>> No.55459636

What sort of high risk trades are you making, anon? I did the same anndmade it to 200k and then lost a lot and ma back below 20k ;^)

>> No.55459656

>>55459626
Just work for 50 years so you'll have enough wealth to retire when you're old.

>> No.55459981

>>55459656
Im going to be honest with you bro, when I am 70 years old, I dont care how much money I have.

Not sure why people here are so obsessed with being comfortable and wealthy as an old man.

If I am an old man, at that point, I do not care if I am poor or rich.

The goal is to make it when I am relatively young and can still enjoy it.

>> No.55460034
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55460034

>>55459626
Same, holy shit. They literally got everything handed on a silver platter. My parents bought their house +30 years ago and still have a mortage. My dad barely worked most of his life and my mother kept the family together for work but only had $2k for me to study (which didn't even cover my first year). Resulting in me renting and working on removing my study debt.

My parents-in-law did the same, my mother-in-law barely worked and my gf needed to do all the chores in house. Meanwhile her dad was in the army and retired at 55.

Her parents and my parents have loads of equity, savings and time. If they partly remortgage their house and give it to us we could live in a good neighborhood. If they both took 1 day a week care of their 3 grandkids we could save $20k a year. But they prefer to spend their money to frivolous things like long vacations, vehicles and luxurious home improvements.

I can't understand it, they could give their grandkids such a better life but their rather see them grow up in some getto since every decent place in my country cost +$600k.

I have kids, I can't understand how you can do this to your kids. I'm already saving so that each of my kids can study without any debt. And they will all get some start money to buy their house. And if I'm blessed with grandchildren they can come multiple days a week at my our house and we will take care of them.

Fucking boomers man

>> No.55460060

>My parents waaaa
Gay OP and anon is gay and should suck each others feels out through their respective dickholes.
You can play it safe while still building generational wealth. You're jsut too stupid and preocuppied with pointing fingers, blaming and feeling sorry for yourself to learn how.

>> No.55460102

>>55459626
Get on that grindset, faggot. Those who just inherit instead of learning to build on their own and as a result never struggled are empty husks of human beings. I don't know a single person of 'old money' who isn't fucked up in the head.

>> No.55460117

>>55460060
No im just sick people who are on a 200k income who will be inheriting 6 investment properties from their parents telling me to "PLAY IT SAFE BRO" every single middle-upper class person projects their own situation on EVERYONE

>Yeah bro, just play it safe with your 0 family wealth and your 40k income bro, STAY AWAY FROM LEVERAGE BROOOO!!!!!!!!!!!!!!! JUST STACK THAT $500 A MONTH AND WAIT UNTIL YOURE 70 BRO!!!!!!!!

Fuck you lmao

>> No.55460132

>>55459626
not risking is risking it all
https://youtu.be/nliD0Umzaww

>> No.55460243

>>55460117
>No im just sick people
Stop paying attention to people you are sick of.
>Yeah bro, just play it safe with your 0 family wealth and your 40k income bro
More than me bro.
>STAY AWAY FROM LEVERAGE BROOOO
Never touched it.
>JUST STACK THAT $500 A MONTH
There is always someone with less. Some poor lurker is seething at you right now.
>Fuck you
DCA. Risk management. Learn them. Now.
https://www.investopedia.com/terms/d/dollarcostaveraging.asp
https://www.investopedia.com/terms/r/riskmanagement.asp
If you choose not to read, it is a choice you make to stay poor by refusing to pick up tools someone has delivered to you from the fucking shed.

>> No.55460309

>>55460243
DCAing only works if you can put away a good amount.

Small contributions for the next 40 years equaling to $2,000,000 in 2060 isn't gona do shit. That 2 million will be fucking nothing at that stage.

>> No.55460384

>>55460309
https://dcabtc.com/
>Buying $500 of Bitcoin every month for 3 years starting on 2019-01-01 would have turned $18,000 into $103,352 (+474%)
>inb4 just time the
Yes time it. The tops and bottoms occur roughly in the same timeframe every cycle. No need to be perfect.
>inb4 too risky bitcoin is fake
Your complaints are fake.

>> No.55460406

>>55459626
you wont leave anything to your kid either degen

>> No.55460659

>>55459981
no, you will definitely care, even moreso than now because you can't work.