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/biz/ - Business & Finance

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13150762 No.13150762 [Reply] [Original]

Which baby step are you on biz?

>> No.13150783

>>13150762
doesn't this fag shill for mlm.

>> No.13150853

>>13150783
Pay your tithe, zoomer

>> No.13150861

the leaving the country and never coming back step :^)

>> No.13150886
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13150886

GET. OUT. OF. DEBT.

>> No.13150937

I'm on the invest 100 % of savings into crypto

>> No.13150948

>>13150762
This idiot tells people to buy actively managed mutual funds.

>> No.13150958

>>13150783

no.

>>13150853

he says he doesn't care if you tithe or not.

>>13150948

mutual funds that BEAT index funds over and over again. how is that a bad idea?

anyway i'm in baby step 2.

>> No.13150970

>>13150958
>mutual funds that BEAT index funds over and over again. how is that a bad idea?

show me that study where someone could consistently and reliably choose managed funds better than the market as a whole, including once fees are accounted for

>> No.13151017

>>13150970
The Renaissance Medallion fund.

>imagine anyone invested in it listening to Dave Ramsey

>> No.13151037

Nice data mine, Dave.

The thing is these baby steps are for well socialized normies and not autistic incels like me.
Baby step 1 is a joke because I've never had less than $1000 since I was a freshman in high school.
Step 2 doesn't apply because I never got into debt in the first place.
Same goes for step 3 as it did for step 1.
Step 4 is made moot because I don't do steps 5 and 6, because I will never procreate and don't want to own a house, so I immediately skip all three to step 7.
Step 7 is not happening. I am not donating a fucking penny to anyone or anything.

So there you go, these steps were completely meaningless to me.

>> No.13151047

>>13150970

you think the fees are so high that you don't do better than the market after they're taken out?

i mean i fucks with index funds but last time i checked all the shit in my t rowe price roth accounts are actively managed funds. quite a few of those alone beat the market.

can you cite any case ever where someone said they really lost their ass on the fund management fees? if they did they were probably in some bullshit annuity that wasn't making but 5% and the fees brought it down to CD levels of return.

i don't get the dave hate around here when 90% of this board appears to barely have two nickels to rub together.

>> No.13151057
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13151057

>>13150762
I’m on the max out all credit cards and go all in Pundi X step

>> No.13151063

>>13151037

99% of the world isn't as narrow minded as you, that's why the steps work so well for non-autists.

it's like you hate things that work most of the tie for most people.

you're smart as fuck and that's fine but saying you'll never procreate really goes to show how much of an anomaly you are.

>> No.13151083

>>13151047
dave ramsey is a megalomaniacal psychopath ajd you sir are a faggot

>> No.13151093

>>13150958
>mutual funds that BEAT index funds over and over again. how is that a bad idea?
>>13150958
>mutual funds that BEAT index funds over and over again. how is that a bad idea?
Which funds would those be?
Oakmark?
Magellan, until Lynch retired?
Virtually no actively managed mutual funds can deliver alpha.

>> No.13151108

>>13151017
>The Renaissance Medallion fund.
And that isn't even a mutual fund, and isn't open to outside investors, only RT employees.

>> No.13151144

>>13150958
>>13151093
Were you even aware of Oakmark or the former glory of Magellan, or had even heard of Peter Lynch when you posted this weak bait in defense of actively managed mutual funds?
Since you listen to this bald boomer TV money guy and are a brainlet, I'll assume the answer is no.

>> No.13151153

>>13151063
sure, that's fine, but the subject of the thread was
>Which baby step are you on biz?
so there is your answer
none of them because I am a robot and will never have normalcy in my life

>> No.13151197

>oh no advice for the financially illiterate doesn't apply to an advanced trader like me

No shit.

This guy teaches the Hooked on Phonics version of fiscal savvy. Do you get mad at Kindergarten teachers too?

>> No.13151240

I live below Dave in Franklin, TN. He lives in a McMansion on top of a hill and lords over the entire area. What a fucking d bag.

Hurr durr I’m on boomer step 7, give all my sheckles to the Wall Street Jew.

>> No.13151350

>>13151240
How is he a d bag

>> No.13151388

>>13150762
>tithe
>invest
>have children
>be debt free
>own a house
Holy shit based

>> No.13151397

>>13151197
Are you telling me you don't yell at grade school teachers as a hobby?

>> No.13151398

>>13150970
This is boomer propaganda. I believe broad market index funds are good (and use them) because they are convenient and do well.

However, plenty of investors consistently outperform broad market indices. The real stat is that the majority don't, and many only do for a few years. This just shows you have to be a top performer. Just cut off the worst performing investors and a lot people are doing great.

>> No.13151406

I’m on the credit card using step

>> No.13151443

>>13150762
People have theorized that these are the funds dave refers to:

https://www.americanfunds.com/individual/investments/fund/agthx

>> No.13151483

>>13150762
>/biz/ hasnt prank called his show yet to ask if its ok to take out a line of credit to buy crpyto