/biz/ - Business & Finance

[Anonymous No.13680134]

>Whatever the reason, it’s clear that young people aren’t doing the single most effective thing that will make them rich: Investing in the stock market.
>What if you had started investing $10 per week five years ago? Assuming an average return of 8%, you’d have thousands of dollars today— all from investing a little more than $1 per day. Think about that $10 a week. Where did it go, anyway? If you’re like most, you probably spent it on Uber rides and Frappuccinos.
>The great irony is that you believe “control” will help your investment returns. In reality, you’d actually get better returns by doing less. The less control you have, the better. The average investor buys high, sells low and trades frequently (which incurs taxes). All of this cuts your returns by huge amounts.
>Ironically, every day that you don’t invest, you’re actually losing money due to inflation. You’ll never realize this until you’re in your 70s, at which point it’ll be too late.
https://www.cnbc.com/2019/05/15/self-made-millionaire-this-is-the-no-1-way-to-get-rich-ramit-sethi.html

Why arent you investing in the stock market anon? Its how boomers got rich, why dont young people know how to invest?

[Anonymous No.13680311]

[Anonymous No.13680324]

>>13680311
dubs of truth you dicksucking faggot

fpbp you NIGGERS

[Anonymous No.13680332]

>>13680311
That imagine is of mt oberlin in glacier national park. I've actually climbed that mountain, and I would never, ever buy boomer bags in teh stock market.

[Anonymous No.13680334]

>>13680134
>What if you had started investing $10 per week five years ago? Assuming an average return of 8%, you’d have thousands of dollars today
>invest 2600$ and you'll have thousands of dollars
This is MAGIC

[Anonymous No.13680337]

>>13680311
Fpbp

[Anonymous No.13680348]

>>13680134

Because I can't stop buying delicious Hawaiian Punch at my friendly neighborhood Walmart!

[Anonymous No.13680356]

>>13680134
I'm doing that too you fucking boomer

[Anonymous No.13680367]

consider the lag period from the society wide move from traditional pensions to 401ks and other types of managed retirement accounts that buy equities. consider the growth and size of ETFs relative to the rest of the market. consider the fact that shill articles like these are churned out 24/7 by the media, which is very closely held by the same groups that manage the ETFs and own the largest stakes in them. consider the increasing prevalence of corporate stock buybacks and what the motivations behind those are.

[Anonymous No.13680382]

>>13680134
actually this desu. Just long the s&p 500 with 3x leverage and enjoy ~30% returns a year

[Anonymous No.13680393]

>>13680382
Ok

[Anonymous No.13680408]

>>13680134
> Another warrenbuffered moron

[Anonymous No.13680418]

>>13680334
This, with their own words:
>If you invest $10 per week: After one year, you’ll have $541; after five years, you’ll have $3,173; after 10 years, you’ll have $7,836.
You gain $573 in those 5 years, not yet adjusted for inflation

[Anonymous No.13680433]

>>13680311
FPBP

[Anonymous No.13680436]

why are boomers acting like it is easy to invest? Who is losing all the money then

[Anonymous No.13680442]

>>13680418
as someone who trades crypto this made me L O L

[Anonymous No.13680458]

>>13680311
Based. OP, everyone here has heard about the stock market, but thank you.

[Anonymous No.13680493]

>>13680418
kek, we're gonna be RICH

[Anonymous No.13680549]

>>13680134
I agree with the general sentiment but we all know the stock market right now is like crypto in December 2017. Stack cash now and buy after the crash. Don't be a bag holder.

[Anonymous No.13680623]

>>13680134
WOW are you telling me I could have had THOUSANDS of dollars???

[Anonymous No.13680634]

>>13680311
checked, based, FPBP and OP eternally BTFO

[Anonymous No.13680657]

>dude just invest look at me I made so much money in the greatest ponzi bull run in history I'm such a genius

[Anonymous No.13680681]

>>13680334
>>13680418
I'm never buying inflated boomer bags. I don't care if I'm wrong and they manage to keep this ponzi going for another 50 years. Everything going into crypto is a one way ticket.

[Anonymous No.13680705]

I don't buy stocks out of principle, I fucking hate NY, the corporate stock culture, and all the assholes involved with them.

[Anonymous No.13680741]

>>13680382
Do I do that with options, or is there a different way?

[Anonymous No.13680764]

>>13680436
Consumers. You are taking money from consumers, including yourself.

[Anonymous No.13680851]

>>13680134
Just wanted to point out that at the end of the article it says that the Pajeet who wrote that shit became a "self-made millionaire" thanks to his website, book, and courses, all of which supposedly teach you how to get rich.

We have here an interesting circular argument where Pajeet says: "I'm rich, so I can teach you how to get rich because I know what I'm talking about", but if you ask: "How did you get rich, Pajeet?" he will reply: "By teaching people how to get rich, of course!"

[Anonymous No.13680892]

>>13680851

Dude, I know a boomer who has forked over thousands to some insectoid promising amazing returns on affiliate marketing.

They fundamentally don't realize that if it was that easy...they wouldn't waste time selling courses and lectures. There's some component of critical thinking that's utterly missing in Boomers.

[Anonymous No.13680906]

>>13680348
Walmart think he slick...

[Anonymous No.13680946]

>>13680764
How is investing in the stock market taking money away from consumers?

[Anonymous No.13681324]

>>13680382
Then 2008 happens again and you lose everything

[Anonymous No.13681618]

>>13680348
God imagine having a gallon of that diabetic garbage sitting in your home. Disgusting, yet still tempting at those low, low prices.

[Anonymous No.13681706]

>>13680367
but buybacks are bullish anon

[Anonymous No.13681734]

>>13680134
>it's the only way to get rich
>literal pyramid scheme
thanks based capitalism

[Anonymous No.13681781]

>>13680134
>self-made millionaire
That's about 20% of the population over 50. What's is age?

[Anonymous No.13681783]

>>13680134
I refuse to buy boomer bags. They can buy my bags instead whje btc is over 100k.

[Anonymous No.13681812]

>>13680134
This is how boomers got rich :
1. Bought a house back when they cost 2 years worth of wages
2. Sell it to zoomers for 10x the price

[Anonymous No.13681833]

>>13680311
fpbp

[Anonymous No.13681890]

>>13680134
I'm looking forward to all of the fucking pleb idiot millennials and zoomers who think that because a few early adopters got rich on crypto that it is somehow a superior investment to stocks

At the conclusion of the next bullrun when bitcoin is worth 100-200k, we will enter an era where many tech stocks will start outperforming Bitcoin permanently. The majority of stocks have been outperforming the vast majority of crypto since 2018 and this effect will only become more concentrated due to how the stocks will continue to be undervalued due to fuckwit late comers (read: all of the clueless ego trippers on this board who think they deserve to get rich) having absolutely no idea about the difference between speculation and investment.

Many tech stocks will have exponential growth due to AI and the next great justing of this board will be when all of you still think you are in the bleeding edge of investment by gambling on negative gain shitcoins while the smart money will be choosing less hyped investments.

I am really looking forward to this because I cannot stand the insane Dunning Kruger hubris of the crypto faggots. They all genuinely think their shitty redundant crypto will replace the stock market. The level of smugness and delusion is fucking palpable and you are all going to get a future smack around the face with a nice dose of reality, looking forward to it.

[Anonymous No.13681923]

>>13681812
But then where do the boomers live after they sell their house? Under a bridge with their ill-gotten gains like some kind of troll? Or buy another house at an equally bubbly price? Either way, most boomers have gained nothing, just the illusion of wealth. Is the continued suffering of the young worth it just for boomers to mistakenly feel good about them selves? Fuck Ben Benanke!!!

[Anonymous No.13681925]

>>13680311
based

[Anonymous No.13681937]

>>13681923
They buy comfy 55+ community homes, always cheaper and cleaner and protected from nogs by HOA

[Anonymous No.13681958]

>>13680892
>There's some component of critical thinking that's utterly missing in Boomers.
That and they've been coddled with bootstrap rhetoric their entire lives.

[Anonymous No.13681991]

>>13680134
Boomer markets and fiat money are going to collapse.

[Anonymous No.13682030]

>>13681890
if bitcoin goes to 100-200k, literally none of what you said will matter anyway because most people will have already made it

[Anonymous No.13682052]

>>13681890
AI is a meme until proven otherwise and most of these tech companies aren't even profitable. The entire run of tech stocks for the last decade has been VC's and founders pumping and dumping their bags on retail investors and boomers with exposure in their pension/401k accounts. We are already in an everything bubble and yet on top of that the only thing pumping the market for the past few years has been stock buybacks financed by cheap debt. Meanwhile everyone is forced to participate in this clown world investment scheme whether you realize it or not. Crypto represents the building of an alternative financial system and if it ever gets high enough off the ground we're never going back.

[Anonymous No.13682056]

>>13680892
>some part of critical thinking is missing in boomers

funny you mention that, since many boomers probably suffer from literal lead-induced brain damage

[Anonymous No.13682089]

>>13681890
no u

[Anonymous No.13682101]

>>13681923
Nope, they sell the house they bought in a city center back when it was cheap then move to a huge ass house in rural areas (ie : way cheaper) where no one but them can live (because no jobs)

[Anonymous No.13682109]

>>13680134
>make it after 30 years of constant wageslaving and investing
Not that appealing.

[Anonymous No.13682137]

>>13682101
Pretty much this, I live in a rural area and recently some boomer from Cali bought a plot of land nearby and is building a mansion on it. It even has heated floors.

[Anonymous No.13682266]

>>13681890
Anon, do you really think we won't be throwing at least $100k into AI, automation, biomedical, fusion? Are you a no coiner or something? You're missing the part where the traditional stock market assimilates crypto into itself so that it can make things like derivatives more quantifiable and valuable.

ie, you're a cuck

[Anonymous No.13682358]

>>13682030
>most people are only a 12x away from making it
You're assuming that "most people" have 6 figures in crypto right now.

[Anonymous No.13682363]

>>13680134
The ultimate problem of this argument is the non-ergodic property of the stock market. The 8% annualized return is an average of gains. The stock market is non-ergodic meaning that you can’t use expected values to calculate your annual return. Think about all the boomers who had their savings wiped out by the ‘08 crisis and couldn’t retire. Now we have boomers in all executive positions given they had to work longer for their investments to recover.

[Anonymous No.13682438]

>>13681890
Can't wait for tech to die a slow painful death in the next recession.

[Anonymous No.13682461]

>>13682101
this actually sounds like a good system that is good for everyone

[Anonymous No.13683412]

>>13682461
It's not a good system if you have to slave away 30 years just to buy a small apartment in the city to sleep in
Boomers didn't have this problem, you worked a few years and your house and car were well paid off even with a blue collar job

[Anonymous No.13683681]

>>13680134
lol stupid millinials. just inherit more money like we did. did you know in 1968 i already owned 3 gas stations and a yacht. your generation is just lazy and pathetic. now get to work at mcdonalds and pay my healthcare.

[Anonymous No.13683749]

>>13682358
I--- I'm only 8x away

[Anonymous No.13683794]

>>13680705
It's ok to call them Jews anon

[Anonymous No.13683803]

>>13680311
BASED, fuck boomers.

[Anonymous No.13683898]

>>13680311
[ ] not dabbed on
[x] dabbed on

[Anonymous No.13683916]

>>13680311
kek

[Anonymous No.13683928]

>>13680134

devil's advocate. i don't think he's wrong. it's just for us to reach the same level of financial independence as older generations, we have to sacrifice more. boomers had the money to buy their coffees and nights out and what not, while paying off their loans and cars and homes, and to invest in the market. meanwhile, we have to nickel and dime everything, pre game if we want to drink, and severely limit how much we eat out. and then boomers will complain that i'm not having enough fun with my life.

i have a mid tier job, and purposely drive an old car and live in a cheap apt, and barley buy anything for myself just to save up $500
a month for buying crypto and my typical boomer index fund. The thing is to reach that for most millenials means having to give up all the fun things that make life worth living.

[Anonymous No.13683975]

>>13682358
Man my making it point is pretty small. I'm not like this NEETs that live isolated and broke. I just need a few more $ to have enough for investments and doing my business.
Achieving 1-2 MM from crypto is something not many of the sad obese people in this board will do. That is the same mindset that got them rekt in 2018, instead of realizing their gains in the 50-500k range.

[Anonymous No.13683984]

>>13680892
True they fall for any scam online or TV. They are the reason advertising standards exist

[Anonymous No.13684154]

>>13680311
fpbp. All the brainlets itt saying OP btfo are undoubtedly btc maximalists.

[Anonymous No.13684285]

>>13683984
>first generation exposed to the most effective propaganda tool in history
Yup

[Anonymous No.13684308]

>>13680134
NOT BUYING YOUR BAGS FUCKING BOOMER TRASH.

[Anonymous No.13684414]

>>13681890
>1 BTC = $200k
>/biz/ won't make it
Pick one. This seems to be your first post here. You're at a place where people who own less than 1 BTC are accepted as pajeets.

[Anonymous No.13684433]

>>13680134

This article is right, when I was your age, I walked up to the stock market, looked it in the eye and gave it a nice firm handshake.

Look at me now!!

[Anonymous No.13684472]

>>13684414
And to be fair to pajeets, they would make it in their country if their 0.5 BTC turns into $100k anyway.

[Anonymous No.13684712]

>>13684285
This is a good way to socially isolate yourself. The average normie is way too far gone to even consider the possibility. They will ignore evidence and reason because it would completely shatter their entire worldview (diversity is our strength etc.).

[Anonymous No.13684966]

>>13680134
>why dont young people know how to invest?
Because the stock market is currently not the best performing asset class and Crypto (or maybe a different still unknown decentralized emergent technology) will disrupt it badly in the decades to come. That's why

[Anonymous No.13684993]

>>13680134
Filthy boomer scum can rot with their single digit ROR.

[Anonymous No.13685046]

>>13680657
>yfw you realize this story is another fake story in a long line of "news" pieces designed to get you to invest in the overvalued stock market that's due for a crash

[Anonymous No.13685057]

>>13684712
>This is a good way to socially isolate yourself.
>implying anon on 4chan isnt already socially isolated
But youre right

[Anonymous No.13685061]

>unironically wants zoomers and millenials to buy in when S&P500 is reaching ath
>wants us to participate in the failed fiat ponzi
buy crypto and hodl

[Anonymous No.13685096]

he's right you know

[Anonymous No.13685121]

>>13680348
DAB FOR ME WAGIE OR I'LL TELL YOUR MANAGER

[Anonymous No.13685163]

>>13680134
Fuck Stocks, Fuck Modern World, Fuck (((Them))).

[Anonymous No.13685183]

>>13680134

Haha wow your imaginary wealth is evaporating before your eyes old man

[Anonymous No.13685198]

>>13680549
It's not going to crash. (((not yet))). We've got another 30 years.

[Anonymous No.13685204]

>>13681890
>I'm looking forward to all of the fucking pleb idiot millennials...
>I am really looking forward to this because...
>, looking forward to it.

[Anonymous No.13685227]

Why are the only people that ever call themselves a self-made millionaire some membook MLM-tier faggot

[Anonymous No.13685260]

>>13685061
>failed
culprits would be bailed out again tho. So it's not failed

[Anonymous No.13685291]

>>13682363
based ergodicity poster

[Anonymous No.13685311]

>>13680418
I got justed in the fucking January 2018 crypto bust and I've made 2300 in crypto in 2 years of trading

[Anonymous No.13685389]

>>13680681
>>13680705
utterly based&redpilled
this is what let me hold through 2018 with a shrug
it's not about making money, but stepping out of a broken system until either enough of us do so it collapses, or we die
boomers, jews, niggers, corpocucks and stockfags will NEVER see a cent of my shitcoin money
better to let it all burn

[Anonymous No.13685394]

>>13685260
Only if they have the political power to do so. The millienial sentiment seem that they would rather to let these corporations to crash and burn.

[Anonymous No.13685416]

>>13680311
based, redpilled, this, and /thread

[Anonymous No.13686072]

>>13680348

Based Wal-Mart.

[Anonymous No.13686440]

>>13680311
I love you

[Anonymous No.13686497]

>>13680134
If you invested 22K a year for the past 10 years, you'd be at 500K in an untaxable account (14.5% annual returns after dividend reinvestment).

[Anonymous No.13686687]

>>13680705
Based and stockpilled

[Anonymous No.13686726]

>>13680332
You grammar like a boomer and you think like one too. Sorry man, you aren’t making it.

[Anonymous No.13686757]

>>13680134
>and trades frequently (which incurs taxes)
the fuck is that about. Unless you're considering longterm cap gains, trading doesn't incur any taxes than the cumulative result end of year if you do one, or 300 trades. With some minor fees.

[Anonymous No.13686798]

>>13680436

Based daytrading retards?

[Anonymous No.13686810]

>>13680311
=]

[Anonymous No.13686945]

>>13681890
literal boomer cope

[Anonymous No.13687087]

>>13680348
Looks like a boy roastie

[Anonymous No.13687107]

>>13681618

I used to drink a gallon a day, changed the color of my poop repeatedly.

Then I switched to the powder and dried out my colon so bad even gas couldn't escape.

I'm now a tea and water drinker

[Anonymous No.13687154]

>>13685121

[Anonymous No.13687169]

>>13680311
*slow clap*

[Anonymous No.13688004]

>>13680134
Here is how you all should really be investing

https://www.youtube.com/watch?v=LyGtiiGBEc8

[Anonymous No.13688118]

>>13682363
thats true, my erudite friend, but to be fair just about every piece of advice on getting into the stock market recognizes this and recommends people to invest riskier when young and shift their portfolio to bonds as they age to hedge against such downturns

[Anonymous No.13688197]

>>13681324
Not with options you dont. With options you collect before time runs out on the option and anyone thats deep enough into options can see situations like 2008 coming a mile away.

[Anonymous No.13688216]

>>13680311

[Anonymous No.13688273]

>>13680134

Too bad 50% of America is living paycheck to paycheck.

I've consistently made 20% a year in the stock market.

That's great and all, but I can only afford to put in 2k to 3k a year. So I'm not exactly gonna be a millionaire any time soon.

And you can say "well u should have a better job" but capitalism is a game of winners and losers, and both are required. The losers are never gonna make it, and this guy's advice is as retarded as he is. Being rich is no gaurantee you aren't a retard.

[Anonymous No.13688425]

$520/yr * 5 = $2600. average ~7% = ~22% average dollar for 2.5 years. you'd have $3185.
wow. such millionaire, invest now. 70 old you needs the money for -oh, boring old person stuff.

[Anonymous No.13688695]

>>13680382
My biggest problem is investing responsibly. Sorry but I don't want to be an owner in things that are the downfall of humanity. When you buy the S&P 500 you're owning things like tobacco companies, fast food chains, military, etc. American industry is unethical.

[Anonymous No.13688708]

>>13685163
Be quiet pajeet. You don't even live in 'Modern World' so stop complaining.

[Anonymous No.13688816]

>>13682363

>08 crisis
>Stocks drop to 50% of ATH
>Recover to ATH in 2013

So, assuming everybody spent their dividends on cocaine and hookers, how did the crisis not just delay peoples' retirements by like 5 years or so?

[Anonymous No.13689278]

>>13681890
>conclusion of the next bullrun when bitcoin is worth 100-200k
no please anon.. let it be next 2 bullruns with another 0...

[Anonymous No.13689307]

>>13680311
Checked and basedpilled

[Anonymous No.13689388]

>>13681890
>when bitcoin is worth 100-200k, we will enter an era where many tech stocks will start outperforming Bitcoin

I think the top of the S-Curve on Bitcoin (SV) is much higher than x00k. Probably a few million at least. That said, you're right. Once the global economy is using Bitcoin and already in, there will no longer be much opportunity to make profit off it.

[Anonymous No.13689978]

>>13680334
Depends on how you do it, if you use an actual trade service you'd be paying 5 dollars a buy for 10 dollars worth of stock. You'd need that stock to rise 33% just to break even on the cost of putting that money in at 10 dollars a week.

[Anonymous No.13689994]

>>13688695
either you're underage or this is bait
money has no morales

[Anonymous No.13689999]

>>13681618
Cheaper than some
bottled water.

[Anonymous No.13690030]

>>13688695

Nobody tell him

[Anonymous No.13690385]

>>13689994

It doesn't, but people do. If you can live with yourself after investing in companies that profit from the destruction of humanity, then go right ahead.

[Anonymous No.13690501]

>>13689978
>$5 flat rate for buying any amt of stock
Is this seriously what normie “investors” have to put up with?

I mean unless you’re using robinhood?

[Anonymous No.13691582]

>he doesn’t know about quantitative easing

[Anonymous No.13691627]

>>13688695
>MCD and MO are two of my largest holdings

I bet you think CGC is moral and in the interest of the people.

There’s no moral money-making enterprise. The companies that give you cancer, and the companies that help you cure it, theyre all playing the same evil game. I’d argue that the companies that sell you food so your family can live are some of the worst around, especially with all the advertizing that increases your decision fatigue, decreases your satisfaction, shortens your attention span.

I do find some satisfaction in owning a few shares of Nintendo though. Based plumbers.

[Anonymous No.13691684]

>>13680134
>if you invested $10 per week five years ago you'd have thousands of dollars
>if you invested $10 dollars per week for 260 weeks you'd have thousands of dollars

Wow very insightful. I never thought about it that way before

[Anonymous No.13691688]

>>13680311
BASED

[Anonymous No.13691697]

>>13680134
Have you seen the charts of the big blue chips. I aint gonna fomo in a 10 year perma bullmarket. I got a feeling we might be at the edge of a financial recession.

[Anonymous No.13692448]

>>13680134
A dollar a day sounds a lot less than $30 a month

[Anonymous No.13692472]

I'm thinking of buying some bhp, Rio tinto and Woodside.
any ausfags can tell me good buys or no?

[Anonymous No.13692500]

>>13680134
trying to get zoomers into market just before inevitable crash. what are ((they)) trying to achieve?

[Anonymous No.13692534]

>>13680892
Wait till they retire and realize all their retirement plans were literal scams with no money in the accounts lmao https://youtu.be/-yMC5M0Pi4k
Kek they paid for retirement accounts(savings accounts kek) attached to their life insurance and by the time you retire your account is empty from paying the life insurance that is now expensive as shit at 60. the companies take their cash make +12% off it annually and give boomer zero in return

[Anonymous No.13692561]

>>13688425
If your 30 with nothing put away you need 500 a month to have todays worth of 2 million when you retire. That is a shitload of money to fork over.

[Anonymous No.13692697]

give me a reason not to drop 10300 USD on Amazon stocks right now

[Anonymous No.13692805]

> The less control you have, the better.

[Anonymous No.13693279]

>>13680134
Pajeet shilling made it to CNBC, what a time

[Anonymous No.13693286]

>>13680134
>>Ironically, every day that you don’t invest, you’re actually losing money due to inflation.
this is true. i thought about buying amazon stocks six months ago but didnt. the stock is now up 20% and im pulling my hair.
finally bought today. feels bad but they will hardly be lower than this five years from now.

[Anonymous No.13693441]

>>13682056
nice x axis lmao

[Anonymous No.13693482]

>>13680134

>t. pajeet who got rich by making a blog about how to get rich

[Anonymous No.13693508]

>>13680348
stop posting this mr. Hawaiian Punch ad company guy it almost made me buy some today

[Anonymous No.13693625]

>>13693441
So you think lead poisoning happens instantly? It's a delayed analysis deliberately

[Anonymous No.13693649]

>>13680134

Stocks are working really well out for me.
I clearly understand those values better than any crypto shit.
I mean everyone of you faggots know McDonalds , Coca Cola , Johnson and Johnson , Procter Gamble and so on.
I bet everyone of you are using something on everyday base which is noticed on the stock market.
So why wouldnt you invest in stocks?
I mean , sure it wont get you 1000x like on some other crypto but you also have to be lucky to catch such a crypto. In the meantime you could have easily made 10 - 20% safe in 1 year