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/biz/ - Business & Finance

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13823535 No.13823535 [Reply] [Original]

*ktsh* *sips* ahh automated investments into my Vanguards, who need crypto? I'll be guaranteed rich by 60

>> No.13823555

*recession blocks ur path*

>> No.13823560

>>13823535
Get out of here nu boomer

We want to make it in our 30's while we still have freedom and energy to enjoy the big stacks we make

BTW all in ChainLink guys

>> No.13823585

Yeah, just need all the human, political, and cultural capital underpinning your investment thesis to hold up another 30 years.

Then another 20 while you're actually in retirement.

>> No.13823591

So you can live comfortably while you slowly die in complete irrelevancy like a hedonistic pig.

Being rich when your old is shit. You're just going to waste all that shit on 50 different heart transplants trying to cling on to what dwindling life you have left

>> No.13823593

>>13823555
heh..I'm a long term investor, recessions boost my buying power

>>13823585
Doomsayers have been around for as long as civilization. If shit hits the fan so bad my investments are dead, there will be more to worse things to worry about than money.

>> No.13823676

>>13823593
>Doomsayers have been around for as long as civilization. If shit hits the fan so bad my investments are dead, there will be more to worse things to worry about than money.

I didn't say your investments will die, I said your standard Vanguard investment thesis relies on some things that are verifiably running out. Japan-style 0% returns are the most optimistic realistic case. Then further down the list are things like the past century of Mexican asset returns then 1990 Yugoslavia then the industrial powerhouse of 1910 Germany. National partition is probably the last thing you want to hit 35 years from now, ya know?

>> No.13823844

>>13823535
Based and boompilled

>> No.13823907

>>13823535
Imagine waiting 40 years to be rich.

>> No.13823926

>>13823907
Imagine buying the top of the crypto bubble

>> No.13823935

is it really the collapse incoming? based

>> No.13823968

>>13823560
Have you ever heard of diversification? I can't believe how dumb some people are on here.

>> No.13824006

>>13823968
I'm diversified into many low cap shitcoins

>> No.13824018

>>13823926
Imagine thinking there's a crypto bubble after the end of a year long bear market

>> No.13824021

>>13823926
I'm invested precious metals and low-cap tech calls as well, retarded ass boomer.

>> No.13824040
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13824040

>>13823585
>yeah, just need all the human, political, and cultural capital underpinning your investment thesis to hold up another 30 years.
>>13823676
>I didn't say your investments will die, I said your standard Vanguard investment thesis relies on some things that are verifiably running out.
kek exactly
>>13823926
even if you buy the top you will still make it 5x faster than boomer strats EZ
>>13823968
diversifying is meant for spreading your risk once you have already made it. choosing to diversify from the get-go, at this point in our simulation, only ensures that you will never break through the necessary 10x,100x, or 1000x wall that you need in order to become financially independent.
>>13824021
based

>> No.13824053
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13824053

>>13823907
It makes you less likely to blow your money on stupid shit though. Back in the 1940's, my friends grandfather inherited a family fortune when he was young. In today's money, it would be minimum $5 million. He was also really handsome on top of it too. He blew threw the entire fortune and died in his early 70's. He was so broke that toward the end of his life, he had to go work as a greeter at WalMart. Kek.

>> No.13824121

>>13823535
Sometimes I have a moment of clarity where I realize that betting on cryptocurrency is no better than gambling on microcap stocks, and most people here are going to lose their money like the deluded fools gambling in the stock market, and I have a high chance of being one of them.

>> No.13824126
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13824126

>>13824053
In that case you are looking at someone who is no different from a lottery winner. More than 2/3 lottery winners end up losing it all. If you have low impulse control or are incapable of long term planning it is inevitable. That doesn't mean it's better to wait your whole life to make it. Plenty of boomers did not become rich per se, but instead experienced steady wealth creation throughout their lifetimes. These same people end up bankrupt or in debt on their death beds because they signed reverse mortgages or otherwise took out additional loans to fuel their materialistic desires. Plenty of people on /biz/ just want to live without being a complete slave while they are still young enough to enjoy life. We're not all trying to become future oil barons in order to fund RWDS that exterminate jews and niggers.

>> No.13824486

you deluded cryptocucks will lose everything

>> No.13824676

>>13824486
Jokes on you I already lost everything