/BFG/ Boomer Finance General

[Anonymous No.25093938]

thread for 30+ yro boomers to chat about finance like big boys

frens my wife and i collectively have a net worth of around $900k. currently we have no crypto. i think we should own some bitcoin but we're both scared buying into ATH. i feel like there's a good chance of a rally to $100k, but also don't want to be called a retard if it retraces to $10k or below. how do you navigate this shit when you have shared finances?

[Anonymous No.25093972]

Get fucking wrecked fag.

[Anonymous No.25094230]

>>25093938
Just buy blue chip stocks, buy more during the next recession, you already made it

[Anonymous No.25094275]

>>25094230
that's what most of our money is in currently but desu i think BTC could end up sucking the air out of existing asset markets

[Anonymous No.25094286]

>>25093938
>shared finances
what does that mean? youre the man of the house, any money she makes becomes yours.

[Anonymous No.25094346]

>>25094286
Spoiler: they are both men

[Anonymous No.25094415]

>>25094286
objectively speaking, she's better with money than i am. she also had more money than i did when we got married, and makes slightly more than i do now.

[Anonymous No.25094567]

>>25093938
yes, but at ATH. It's not like you had 12 years to buy literally at any point lower than this. This is the right moment. Go all in!

[Anonymous No.25094608]

>>25094567
after the pornhub thing, when it was at $18.5k, i decided to buy on the next retrace to $10k. but then it kept going up :-/

[Anonymous No.25094641]

>>25094415
ur still the man, also youre on biz, so youll dominate her financially too at some point

[Anonymous No.25094650]

>>25093938
Just market buy 1 BTC then forget about it for 10 years. You have the net worth to absorb that easily if it goes to zero.
It’s a highly asymmetric bet in your favor.
Let your boomer stocks keep growing. Don’t fuck with them.

[Anonymous No.25094763]

>>25094650
yeah that's what i'd like to do
looking also into Swan Bitcoin which makes it pretty easy to do dollar cost averaging

[Anonymous No.25094878]

>>25094608
So you are telling me the "pornhub" thing is when you heard about bitcoin for first time?

So even if you wanted to buy at retrace, why the hell are you wanting to buy now? Wait for your retrace if that was your strategy.

[Anonymous No.25095040]

>>25094878
>So you are telling me the "pornhub" thing is when you heard about bitcoin for first time?
no of course not, but it is what made me think that it actually has the potential for adoption as an actual currency

[Anonymous No.25095100]

>>25094415
Yikes

[Anonymous No.25095232]

>>25095040
> no of course not, but it is what made me think that it actually has the potential for adoption as an actual currency

Well, if you didn't buy then, then why would you buy now?

[Anonymous No.25095264]

>>25093938
Buy your stack, one or two and hodl. Nothing else. Chances still far outweigh the potential risks.

[Anonymous No.25095278]

>>25095232
fomo

[Anonymous No.25095287]

>>25095278
>fomo

Ok, well up to you to decide if that's a good idea.

[Anonymous No.25095348]

>>25095040
Wtf dude thats the funniest shit I have ever heard. You normies always have some new twist on stupid and Im like "wow, WOW! I live on the same planet as this guy?"
Have you heard about XRP, sir? I have a very few for sale. Going much higher eoy. Be assured.

[Anonymous No.25095393]

>>25093938
I'm 34 and a 60k income.

What went wrong

[Anonymous No.25095432]

>>25095393
where do you live? $60k is good in lots of areas

[Anonymous No.25095523]

>>25093938
you run an agreed upon trading algorithm.
like that you wont blame each other.
Ta is not a joke, its a game of poker, there are probabilities and bet sizes to take into account.
It really is possible to trade the weekly without much stress.

[Anonymous No.25095562]

>>25095523
can you give an example of what you mean?

[Anonymous No.25095566]

>>25095348
do not hodl xrp, trade it.

[Anonymous No.25095807]

I only invest in things with distinguishable inherent value using contracts protected by the securities and exchanges comission

[Anonymous No.25095998]

>>25094415
And she also fucks more men than you, right?
Fucking cuck

[Anonymous No.25096450]

>>25093938
>900k net worth

If that 900k figure includes your house with a mortgage, you aren't really that far ahead

[Anonymous No.25096489]

>>25094415
You really sound like a massive "Muh wife is mah life" type of cuck. People like you are fucking pathetic.

[Anonymous No.25096520]

>>25096489
HAPPY WIFE HAPPY LIFE AMIRITE

[Anonymous No.25096624]

>>25096520
Fuck that shit man. Those people need to eat lead. Fucking little good goy mentality. Wife wears the pants in the relationship, playing keeping up with the joneses to see who has the best car in your shity cookie cutter suburb neighborhood. When he retires he'll probably move down to florida and buy a condo like the rest of the boomer cancer while the west gets sold out to china and becomes brazil. I really really cannot overstate how much I hate married normie cucks and their shitty kids that they only had because they tried to prove to themselves that their lives were actually worth something. Meanwhile the kids end up resenting them because they are complete failures and throw them into nursing homes as soon as they are of age.

[Anonymous No.25096631]

>>25093938
Just average in over 6 months or smthing

[Anonymous No.25096633]

>>25096450
if you dont back off debt it's not net dummy

we are debt free renters

[Anonymous No.25096673]

>>25096624
who hurt you, anon?

[Anonymous No.25096704]

>>25096633
Go pay cash for some land so you have something tangible at least

[Anonymous No.25096790]

>>25096673
No one hurt me, Im just sick of normies playing into the zog zeitgeist. Fucking retarded NPC's with zero foresight. Like if you are having children now you are literally birthing kids into a shittier world than you had been brought into. And anyone happy about having a fucking wife who makes all the decision is a complete and total insufferable piece of dogshit. Grow some fucking testicles and stop bragging about how manly your wife is. Jesus Christ.

[Anonymous No.25097486]

>>25096624
And end up rising children from chad.

[Anonymous No.25097521]

>>25096673
women hurt him obviously
as well as any other red pilled man
i don't see problem with being hateful when society hurts you
if someone fucks with you you fuck them back
basic logic

[Anonymous No.25097565]

>>25096790
yep

> apocalypsis
> corona
> pollution
> global warming
> Wealth equality
> Xenoestrogens in placenta
> uncontroleld immigration
YUP, GREAT TIME TO BRING IN KIDS IN THIS WORLD!

[Anonymous No.25097618]

Your best option here since you are risk averse to crypto, is to buy 1 BTC and forget that crypto exists.

[Anonymous No.25097721]

>>25097565
Exactly. anyone wonder why they are flooding the west with immigrants? Its because the populations arent reproducing themselves at sustainable numbers. Next generation immigrants will stop reproducing also because people are realizing that they are literal cattle being born into slavery and a very small international clique controls the money supply and is calling all of the shots

[Anonymous No.25097829]

>>25094275
Haha no.....
Asset markets will continue to rise in spite of crypto. Long term investors will hold their positions in stocks and with the Capital Gains tax pending, will keep money in the market. No one will exit all of their holdings just to FOMO bitcoin. Having said this, BTC is absolutely a worth while venture if you're going to hold long term as it will become the new main store of value over gold. So diversify your assets more and invest in BTC.

[Anonymous No.25098238]

>>25097829
well that's certainly the consensus opinion. mine is this: consider all the money in stocks, bonds, and real estate that is primarily concerned with long term preservation of capital (i.e avoiding inflation). after BTC stabilizes in price, which it necessarily will do if it survives, BTC will be a much better vehicle for avoiding inflation. therefore, there will be less of an incentive to own e.g. negative yielding bonds vs. bitcoin (which will actually have a risk free yield once lightning pool is launched).

[Anonymous No.25098270]

31 checking in, saving up for a house but I live in the DC area and nice ones are all 800k. Wtf

[Anonymous No.25098388]

>>25093938
I'm in similar situation as you OP. I say I have a friend that bought in btc years ago with 300$ at 6k , he forgot about it. He's up a few k , but he was also down $150 on it just in the past 6 months. My point is you have to realize some gains in the short term 1-3 years, or don't touch it for 10 years. The more I fuck with buying and selling the more money I lose.

[Anonymous No.25098730]

>>25098238
I think it will remain and actually increase as a staple asset that long term investors use to generate wealth, albeit a better one than gold. This is much more realistic than crypto being the primary asset an investor holds.

[Anonymous No.25099973]

>>25098270
move to a more rural area or buy a townhouse

[Anonymous No.25100222]

>>25096790
Jesus Christ would not want you to blaspheme like that. Go get married and have a few kids and you will calm down.

[Anonymous No.25100372]

>>25094275
I could give you valuable advice and tell you why you should exit your fucking stocks and buy BTC.
But I am not above 30, you "big boy"
Get fucked