>Oooo just opened a HYSA at a bank

[Anonymous No.18298206]

>Can't wait to get my 1% savings rate
>Did you know you could save 3$ per year by calling your internet provider asking them for a deal?
>Never ever eat out just bring lentil soup to work
>I never fail to get all those sweet ETF stock deals of 50$ if I invest 1k
>Nothing like spending 20h research on a car loan

[Anonymous No.18298238]

>>18298206

lel

[Anonymous No.18299702]

>>18298206

[Anonymous No.18299726]

kek

>Vanguard 2050 Fund in 2015: $30
>Vanguard 2050 Fund in 2020: $30

[Anonymous No.18299923]

>>18298206
NOOOO YOU CANT JUST BUY TESLA STOCKS AND MAKE 700% IN A MONTH

[Anonymous No.18299948]

>>18298206
based

[Anonymous No.18299982]

>>18298206
bro I read /r/personalfinance just for laughs
everybody trying to jump into buying a house because muh low interest rates
everybody trying to buy 'cheap' stocks
people unrionically paying down student loan debt despite forgiveness being obvious
niggers talking about a HYSA unrionically

i always get tempted to comment but then I remember how funny it is watching midwits get rekt

[Anonymous No.18300084]

>>18299923
>HEY DIDN'T YOU READ ABOUT BOB THE WORST INVESTOR
>VOO BROO

[Anonymous No.18300094]

>>18299982
yeah the real one good advice they have is "don't time the market" if you are not a trader

HOWEVER Now when things go down, they are doing exactly that, increasing 401k contributions and refinance and whatever

kek

[Anonymous No.18300104]

>Vanguard Total Bond Market ETF

[Anonymous No.18300186]

>>18300104
30% bonds 70% stocks

>ALLY savings account
>credit union
>W-2 form life hack

[Anonymous No.18300260]

So they should be coming here for advice then OP?

[Anonymous No.18300370]

Most people don't want to be millionaires:

The people not living paycheck to paycheck (i.e. those able to save) who are not rich were likely born in a middle-class household, never had significant exposure to real wealth, and likely see being middle-class as hard enough. All they want is to make money from their jobs and save it safely so that even if tragedy strikes or they hit retirement, they never go below middle-class.

Inflation is targeted at 2%. This means that to save all you need to do is beat this number. High yield savings accounts already approach this number (and if you are not in the US you can easily beat it). Beyond that, all you need are some ETFs that track bonds and some stocks with a higher expected return but you keep your holdings in these relatively small compared to your net worth so that if they you don't struggle if things go south (and they will from time to time).

I don't know why you mock these people. Do you really think that the average nurse wants to be up at 2 am looking at the price of bitcoin anxious about the next 10% move?

[Anonymous No.18300407]

>>18299982
Student loans will never be forgiven.

[Anonymous No.18300430]

>>18300260
why do cats tuck their paws like that?

[Anonymous No.18300448]

>>18300407
They already tried to knock off 10k. Watch and learn

[Anonymous No.18300485]

I called my internet and got $30 off my rate over 3 months in a 20 minute phone call.

[Anonymous No.18300493]

>>18300448
the operative word is 'tried'

[Anonymous No.18300514]

>>18300430
because it’s cute :3

[Anonymous No.18300522]

>>18300514
() good to know
what Fidelity ETF / Mutual fund should i pump $50k into?

[Anonymous No.18300619]

>>18298206
>Eating out
Learn to cook or starve

[Anonymous No.18300623]

>>18300370
because this sounds like the most dull, middle manager , uninspired way of life you an ever have

I have way more respect for honest blue collar workers like plumbers or brick layers, at least they don't pretend to be some Wallstreet manager managing a 5M family fund

[Anonymous No.18300683]

>>18300623
Most people have uninspired boring lives.

>I have way more respect for honest blue collar workers like plumbers or brick layers, at least they don't pretend to be some Wallstreet manager managing a 5M family fund

But the moment those people get any significant savings they will also be looking into a high yield savings account. Once they get more money their bank will probably even get them to invest in bonds.

[Anonymous No.18300726]

>>18300683
no they will buy something like a fully outfitted Ford F1 and buy 10 kg of steak. or at least part of it. Not saving for the end life goal to own a "rental duplex" while working at a boomer insurance company

They could also just buy LINK

[Anonymous No.18300763]

>>18300726
Anon, there is nothing worthwhile about being a hedonistic low time preference retard.

[Anonymous No.18301343]

>>18300726
nigga you think working class people don't save money and just throw it away on booze
are you actually retarded

[Anonymous No.18301461]

>>18300084
>BOB THE WORST INVESTOR

What is this? Is this a meme I've missed?

[Anonymous No.18301508]

>>18301461
its a well known example of 'time in the market beats timing the market'

https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/

read it and learn

[Anonymous No.18301933]

>>18298206
>>>/r/investing

[Anonymous No.18302165]

>>18301508
he can't, you just turned it into le ebin basedboy meme

[Anonymous No.18302255]

What's bad abbot HYSA for holding emergency funds?

[Anonymous No.18302281]

>>18302255
no NEET on here could possibly accumulate enough to have a fully stocked emergency fund, if they actually could they would most certainly attempt to gamble it away on some shitcoin

[Anonymous No.18302342]

>>18300370
You should end up a millionaire if you invest in a Roth IRA in your 20s and regularly contribute throughout your life though.

[Anonymous No.18302362]

>>18302255
Because I can wire transfer the 10% of my investment account that's allocated to bonds if an emergency happens and have much higher yields.

[Anonymous No.18302571]

>just DCA everything bro!
>don't try and time the market EVER
>don't be a gambler, be an investor!

[Anonymous No.18302786]

>>18302571
Timing the market is something even professionals struggle with. Ray Dalio himself admits that he is always scared of being wrong, but that fear is something I'm sure he is well compensated for. Do you really want the average consumer to attempt to time the market? That's a great way to go bust, as this board is ample proof of. DCA, while not maximizing returns, is probably the smartest thing you can do if you are not an expert.

[Anonymous No.18302860]

>>18301343
A lot of them actually do. I knew people who behaved that way. They had to learn the hard way to save money.

[Anonymous No.18303850]

>>18301343
no but the style of saving and the "fuck it " attitude is similar in working and upper class. Middle class takes no risks in general compared to them

[Anonymous No.18303870]

>>18302571
>I just increased my Roth IRA and 401k match
>rainy day fund
>APR loans
>i know a good deal when I see one

[Anonymous No.18303973]

>>18300763
The funny thing is those guys got to enjoy a nice steak and ride around in a sweet truck

the average FI/RE plebbitor is going to end up aboslutely fucking just'd with less money than they started with and years of spartan living to show for it

[Anonymous No.18304391]

>>18302362
Curious—what bonds are you holding?

[Anonymous No.18304470]

>>18302786
>Ray Dalio
cringe

[Anonymous No.18304476]

I did just raise my 401k contribution from 4 percent to 8 percent

stay jelly, poorfags.

[Anonymous No.18304485]

>>18298206
>tfw my roth IRA is a VTSAXlet
>23 years old, 24 next month


Life is suffering my dudes...I hope i’m not too late

[Anonymous No.18304492]

>>18303973
>the average FI/RE plebbitor

This is what pisses me off about those people, their whole plan is

> save 90% of your income while living off rice and beans for 10 years

So then they “retire” at 35 and have enough saved to...live off rice and beans for another 50 years. Great plan.

I’m all for saving and being fiscally responsible, but Jesus Christ find some happy medium between being a Jew hermit or a debt slave, or worse one of these NEET coin gamblers.

[Anonymous No.18304533]

>>18304492
I think what pisses me off the most about these people is that 75% of them have only been in the market after 2008/9, are so smug in telling themselves "buy and hold forever!!!" when in reality they are going to capitulate as soon as their accounts are down 40-50% or don't bounce back within five years

[Anonymous No.18304593]

>>18300430
This is just the way their joints bend. Its pretty comfy actually. Try putting both your elbows on your desk right now and tuck your hands between your breasts.

[Anonymous No.18304762]

>>18304533
> checked

Good point. It’s easy to be a buy/hold investor when it’s smooth sailing for over a decade. Even the people over on the Bogleheads forum are cracking up and selling.

People’s resolve isn’t nearly as strong as they think. Times like these are when you get tested, you gotta grab your nuts and keep on keeping on instead of crumbling out of fear like a little bitch. HODL is a stupid meme, but it’s unironically great advice right now.

[Anonymous No.18304853]

>>18300407
Bro, we're handing out cash to every American, we've gone full-clown, nothing is off the table

[Anonymous No.18304903]

>>18302255
Because I have credit for emergencies, and as >>18302362 said, you could tap bond holdings

[Anonymous No.18304914]

>>18304391
Right now, investment grade corporate bonds, I was holding government bonds since 2018

[Anonymous No.18304917]

>>18303973
The dilemma is that the steak and truck crowd...ends up back in the wage cage.

The lentil soup crowd at 35 gets their wage cage unlocked.

[Anonymous No.18304960]

>>18304917
I seriously doubt that. I think the lentil fags are probably panicking right about now, and for good reason. It will take a while for the dominoes to fall but this shit is going to get hella ugly

[Anonymous No.18304980]

>>18304492
they fail to acknowledge that part of a good investment portfolio is literally yourself, and specifically experiences you enjoy. not everything costs money but damn, they need to live a little.

[Anonymous No.18304983]

Why does this say it was posted today? I saw this post the other day including several of the responses. What's going on?

[Anonymous No.18305003]

>Researching car LOAN

No self-respecting Ramsian or Mustachian would ever consider any debt other than a mortgage. The FIRE minimalist is the healthiest way of living for body mind and soul. Excess is poison that will destroy you.

[Anonymous No.18305617]

>>18304485
VTSAX is done for if folks are jacking off at home for another 5 months

[Anonymous No.18306883]

>>18304485
Nigga you've only been contributing for a couple of years, what are you worrying about?

[Anonymous No.18307849]

whats going to happen when buffet dies? will it cause a sell off?

[Anonymous No.18308039]

>>18304533
>>18304762
I don't understand what the point of "buy and hold forever" even is. What good is holding any asset that does not pay out any passive income?

[Anonymous No.18308062]

>>18307849
BH will never be the same after he dies. Doubly so when Charlie Munger dies as well.