>I’ll get a house when prices come down!

[Anonymous No.49855623]

Meanwhile this is your competition.

I told you this well over a year ago: a million dollars is nothing now. Everyone has that much, everyone knows about investing, everyone knows about job hopping, everyone is in on the secret.

When boomers talk about investing being the key to getting rich, they didn’t understand it only worked because most people weren’t aware of it. Now INVESTING ITSELF is a crowded trade, everyone knows so it no longer works, not everyone can be rich.

[Anonymous No.49855660]

>>49855623
demoralization thread

[Anonymous No.49855668]

>>49855623
Investing still works, but no we aren’t going to have another several decade uninterrupted bull run like they got

[Anonymous No.49855693]

they don't have 670k of assets

[Anonymous No.49855723]

>>49855660
No, it’s called a reality thread.

>>49855668
Index funds are a meme crowded trade now

>>49855693
Most people have 200k in assets by their mid 20s in the US

[Anonymous No.49855766]

>>49855723
>No, it’s called a reality thread.
> a million dollars is nothing now. Everyone has that much,

The reality is you are stupid.

[Anonymous No.49855798]

>>49855723
Who buys an index fund? You can easily play it safe and outperform the market 9/10 quarters if you can spend a day every year reviewing company financial reports

[Anonymous No.49855800]

>>49855766
Really? A quarter of US households clear 6 figures annually

[Anonymous No.49855802]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
Most people in their mid 20s have 65k of student debt. What are you talking about. Maybe less than 30% have a mortgage over 200k

[Anonymous No.49855835]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
Have you ever met a normal human? fucking brainless idiot

[Anonymous No.49855857]

>>49855623
>>49855800

Guys you need to look at foreclosure bank sales. Check public records for lien and title deficiencies. Learn basic home inspector stuff. Most shit is obvious.

[Anonymous No.49855863]

>>49855800
Biden let slip in one of his dementia fuelled outbursts that 99% of Americans make less than 100k. No fucking idea if that's trustworthy info given that his faculties are obviously not there.

[Anonymous No.49855880]

>>49855723
>most people have 200k in assets by their mid 20s in the US

Most Americans can’t afford an unexpected bill of 500$

[Anonymous No.49855890]

>>49855723
>Most people have 200k in assets by their mid 20s in the US

Oh lawd I am laffin

[Anonymous No.49855895]

>>49855802
Yawn. Please update your talking points, /pol/cel, I know you think there’s some massive over abundance of 20-somethings with hundreds of thousands in student loan debt but the median debt at graduation is like 20k lmfao, basically a nickel in 2022.

>>49855835
I have, have you talked to any recently? I don’t want your last recollection from 2013, go outside NOW and talk to them, people are making more money than ever earlier in life.

[Anonymous No.49855899]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
no they don't. they have college debt and a car loan.

[Anonymous No.49855912]

>>49855623
>Meanwhile this is your competition.
you mean people who actually work for a living as opposed to gambling on internet beanie babies?
yup. this is your competition

[Anonymous No.49855953]

>>49855723
Dumb fuck

[Anonymous No.49855974]

>>49855953
That’s literally 2013 data lmfao

[Anonymous No.49855985]

>>49855623
some guy with 100k cash is supposed to convince me that housing is never gonna go down?
ok bro

[Anonymous No.49855989]

>>49855723
No they unfortunately do not. Average is skewed median networth is like 120-150k and that's families. I know because I live close to rural and I still have to always look behind my back when wearing carminas. You know its shitty when you see a redneck begging at hispanic grocery stores instead of wallmarts. This recession is going to suck.

[Anonymous No.49856017]

>>49855953
how do I calculate net worth? can I discount my debt that I’m never going to pay back or is that “cheating”? This feels about as kosher as a credit score

[Anonymous No.49856039]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
Most people in the US have a negative net worth by their mid 20's in the US lol.

[Anonymous No.49856070]

>this one guy on reddit said
You're a retarded faggot OP. Go back.

[Anonymous No.49856087]

>>49856039
According to who? Losers on here that think they’re rich for having 5 k in a checking account? Most people have tons of money dude, not even joking, it’s just that the money doesn’t buy much anymore.

[Anonymous No.49856095]

Just make it illegal to own residential property you don’t live in
Problem solved

[Anonymous No.49856171]

>>49855890
>>49855880
What he is referring to severely fudges the numbers. It literally counts your car at full MSRP value as an asset and things like that. I'm sure it counts funkopop collections too.

[Anonymous No.49856184]

>>49855623
>Everyone has that much
I don't.

[Anonymous No.49856197]

>>49855800
>6 figures annually
Not a million.

[Anonymous No.49856198]

>>49856171
10 year old used cars are going for more than their inflation adjusted MSRP when sold new

[Anonymous No.49856225]

>>49855895
>/pol/cel
Can you go back? Nothing you say is grounded in reality.

[Anonymous No.49856244]

>>49856087
>Most people have tons of money dude, not even joking, it’s just that the money doesn’t buy much anymore.
Lmao, Americans are terrible scum bags.
People actually died for this shit hole.

[Anonymous No.49856552]

>>49855895
I said 65k not 150k. So in what's assets do these people have?

[Anonymous No.49856691]

>>49855660
fpbp

[Anonymous No.49856696]

>>49855623
>everyone has $1 million
Bro most Amerifats don't even have $1000 on the bank and have negative net worth.
Also in OPs pic, nobody making $60k is doing that well. That is guaranteed from inheritance. If he made $60k starting at age 18 and never got taxed or spent a dime he would still have <$1 million.

[Anonymous No.49856827]

am i gonna make it?

>household income $200k
>$300k cash
>$100k in retirement accounts
>$500k mortgage

waiting for market bottom to put $150k into shares and $150k into crypto

[Anonymous No.49856838]

>>49855723
baka
investing works BECAUSE goyim are being separated from their money via index funds

[Anonymous No.49856874]

>>49855723
Yes most people have 200k in assets in their 20’s. Most people do not have 700,000 liquid in their 20s. The majority of people do not have a house and 700k liquid in their early 30’s

[Anonymous No.49856911]

>>49855800
>household
Yeah and my ‘household’ makes $300k/yr but we are 3 guys in our 30s who rent and keep the heat on 60 in the winter time.
>>49855895
Half the people I work with are 22-30 and I assure the overwhelming majority of them do not have and are not on track towards those numbers any time soon.
You’re cherry picking off of internet investing forums. The average person is fucked and you’re a retard.

[Anonymous No.49856929]

>>49855623
Recession = foreclosures = price dump, retard. Learn some basic shit for once in your life

[Anonymous No.49856958]

>>49855623
The prices will go down yet the interest rate is likely to go up. How are you bros preparing to exit the rent cuck life?

[Anonymous No.49856965]

>29 years old
>assume started working at 18
>assume he's been making $60k since 18

$60k x 11 years = $660k
low effort larp

[Anonymous No.49856973]

>>49856696
No no he's a self-made man, inheriting seven figures does NOT change that fact!

[Anonymous No.49856997]

>>49856874
Absolutely delusional. Most Americans, regardless of age, are in debt.

[Anonymous No.49857008]

>>49856017
Take your assets, subtract the debts, thats your net worth. And yes that would be cheating to remove debts that haven't been properly written off yet.

[Anonymous No.49857168]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
How come everybody i know is giga-permabroke then? Ending the month not being in the red is already an accomplishment to them.

[Anonymous No.49857226]

>>49855895
I think you're very mistaken about those numbers, about how much people have in their twenties. Or you're getting your sense of that from working in a profitable field/part of society where you and everyone you know are putting away a lot of money. EVERYONE I know who wasn't born into a wealthy family has little savings and/or lots of debt

[Anonymous No.49857240]

>>49856965
You do know he probably invested monthly right?

[Anonymous No.49857371]

>>49855623
>creates le reddit post
>posts it on /biz/
I cannot understand what possesses people to do this. It must be the HRT

[Anonymous No.49857657]

>>49856965
Clearly, not everyone knows about investing. OP BTFO.

[Anonymous No.49857829]

>>49855953
>still in 99th percentile even after the dump
>would still be in 99th percentile even after another 50% dump

[Anonymous No.49857863]

>>49856965
Kek, you think he invested in fucking USD, retard?

Honestly, he probably just got an inheritance, hence why so much is in a brokerage account and not retirement accounts.

[Anonymous No.49857909]

>>49855723
No they dont. The average ameritard doesnt have 1000$ in their bank account, has 20-50k debt and rents/leases everything

[Anonymous No.49859361]

>>49855660
This

Hurt durrr what do I do with my millions of dollarinos

[Anonymous No.49859737]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
Lmao

[Anonymous No.49859826]

>>49855723
>200k in assets
WRONG

[Anonymous No.49859857]

>>49855723
Why lie

[Anonymous No.49859858]

>>49855623
>this is your competition
>60k salary

[Anonymous No.49859936]

>>49855953
that's including assets you cant really liquidate anyway you need a car to drive a house to live in etc

[Anonymous No.49860048]

>>49855800
Every "one"
Household.
You fat mutt retard.

[Anonymous No.49860135]

>>49855723
>Most people have 200k in assets by their mid 20s in the US

Not sure wtf u are talking about or how out of touch you are but stopped reading there you must mean "debt assets" shit that isnt even theres? because thats not an asset thats a fucking toy unless you own it, most everyone is poor asf especially people my age ro there rich boomer parents still buy them everything

[Anonymous No.49860179]

>>49855723
your entire thread is invalidated due to the stupidity of this comment

[Anonymous No.49860246]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
Literally is the 90th percentile.

[Anonymous No.49860253]

>>49856198
Okay and what the fuck will you do if you sell your car for $20k? Fucking die. A car is oxygen in America, you can't count it as an asset because you die without it. Are your kidneys also part of your net worth? You should sell them both

[Anonymous No.49860328]

>>49855723
>Index funds are a meme crowded trade now
That's fine, Crypto is like that too. just let the weak ones get shaken out by a real bear market. It'll take time, then they'll eventually fomo in towards the top again next time. This is the circle of life.

[Anonymous No.49861865]

>>49859857
Most people know to invest and not keep money in a savings account

>>49860246
That’s a decade old, outdated chart

[Anonymous No.49861924]

>>49855623
I'll get a house when mortgages stop being jew scams.

[Anonymous No.49863141]

>>49855623
why the fuck does this anon have so much in his HSA

[Anonymous No.49863665]

>>49855623
>Only 60k salary at 29
>670k networth

I'm guessing since anon live at home he doesn't spend much. I'm also guessing he invests like crazy and has gotten lucky as well.

I think anon definitely has help from his family.

[Anonymous No.49863717]

20,000,000 is the new "millionaire"

[Anonymous No.49863886]

>>49860253
nailed it, people including cars and shit in their NW are coping

[Anonymous No.49863925]

>>49855723

index funds are not a crowded trade. 85% of active managers in the US couldn't beat them last years. Active management is a crowded trade because they stil have way too high AUM relative to their performance.
S&P 500 is a crowded trade, the US stock market is a crowded trade but there are plenty of other passive portfolios that make a lot of sense.

[Anonymous No.49863945]

>>49855623
How are people getting this much? I could retire if I had that much. I know how to invest huge quantities the problem being I dont have huge quantities to invest in the first place.

[Anonymous No.49863959]

>>49855693
Very unlikely. Ive seen normies college students say they make 120k a year (projected to make no guarentee). Ive also seen normie "homeowners" say they have a 600k networth (house is worth 600k, they paid 50k and still owe 550k)

[Anonymous No.49864002]

>>49855800
>household
You are one targeted by the medias constant "americans have great wages look at this average (not the same as median) income (not post tax) per household (not an individual)."

Jeeez you people are way too easy to trick. Wonder how many Indians rugpulled you

[Anonymous No.49864006]

>>49855660
/thread kek
The average person is broke af

[Anonymous No.49864022]

>>49855623
>When boomers talk about investing being the key to getting rich, they didn’t understand it only worked because most people weren’t aware of it.
Except the only way you can make money by investing is if more people want the thing you have than when you bought it. If people stayed unaware the markets wouldn't move on average and nobody would make money.

[Anonymous No.49864026]

>>49855623
Now here's a screenshot. No idea if its pre or post tax. It is outdated by 3 years but lets be honest, the only income that went up dast was minimum wage. Anyone else likely got the typical 3% every year at best.

[Anonymous No.49865064]

>>49861865
>>49860246
different anon, but i always liked this one because it shows median and averageand the differemce between the two really emphasizes the weath gap. still only 2016 data though.

[Anonymous No.49865078]

>>49865064
forgot pic becuase i am retarded.

[Anonymous No.49865120]

>>49855800
2 people making 50k each

[Anonymous No.49865162]

>>49855623
This is one person who doesn't represent the average.

[Anonymous No.49865190]

>using average household income
These anons already have a house retard.

[Anonymous No.49865232]

>>49856087
you can just google the statistics retard

[Anonymous No.49865249]

>>49855623

[Anonymous No.49865281]

>>49855660
Based

[Anonymous No.49865374]

>>49863925
what other passive portfolios do you recommend looking at? VXUS type stuff? REITs?

[Anonymous No.49865441]

>>49865374
>fed raising rates with at least 2 more hikea cominf
>MBS just went no-bid last week
>mortgafe rates expected to minimally stabilize at 5%, likely higher
>"thinking of buying REITs"
nigger you may as well just go buy scratchy tickets at the gas station, youll have more fun losing your money that way.

[Anonymous No.49865457]

>>49865441
yes im too drunk to post but you get tge idea

[Anonymous No.49865477]

>>49865441
i wasn't talking to you and you didn't answer my question anyways. Go listen to yourself talk somewhere else

[Anonymous No.49865515]

I already have a house lmao

[Anonymous No.49865567]

>>49865477
i changed my mind, you go buy your REITs and ill buy this

[Anonymous No.49865593]

>>49865567
i'm not buying reits i simply asked him what is good passive investing index funds like vxus. Once again you haven't answered the question i asked him. Whats wrong with you? You just need a lot of attention or something? Yes you made it clear you think reits are going down but you have not provided a passive index to invest in like vxus which is what i asked the anon. Not responding anymore to your dumb drunk attention seeking ass with your 20k net worth.

[Anonymous No.49865596]

>>49855623
If you have 29M why the fuck would you need to "grow income" literally just retire and do whatever the fuck you want

[Anonymous No.49865599]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
the vast majority of people in the US don't have $500 in the bank to cover emergencies

[Anonymous No.49865654]

>>49863141
it’s a larp

[Anonymous No.49865684]

>>49855800
>quarter of US households clear 6 figures annually
That’s because mom, dad, 3 kids in their late 20s still live at home since they can’t afford a home.

[Anonymous No.49865705]

>>49855974
Just add government sanctioned inflation rate of 1% per year.

[Anonymous No.49865723]

>>49855623
This is only the top 10%

The bottom 80% live paycheck to paycheck

[Anonymous No.49866634]

>>49865723
And the top 10% are too stupid to realize constantly shitting on the poor and creating a culture-less society means they are also living paycheck to paycheck. They just don’t know they’re mistakenly holding onto our yet to be determined Dear Leader’s capital. Humans are so dumb.

[Anonymous No.49866687]

>>49865078
The really cool part is the climb from 18 - 24 year olds where you can tell the wealth disparity grows even more. This shows that the average gets even more heavily skewed by wealthy parents sharing wealth with their children.

[Anonymous No.49866869]

>>49855723
>Most people have 200k in assets by mid 20s

Lmfao nigga where do you fucking live? Bel Air?

[Anonymous No.49867146]

>>49855623
Buy now and baghold for 10 years.

[Anonymous No.49867167]

>>49863959
That explains why everyone on /biz/ makes 6 figs and is worth 7 figs.
>the house is factored into my net worth even though I owe money on it :)

[Anonymous No.49867302]

>>49855723
The reality is you're a retard.

[Anonymous No.49867324]

>>49867146
Based Mike. Internet forums were such a comfy place in those times. I wonder what the lil nigga up to these days

[Anonymous No.49868361]

>>49855623
>a million dollars is nothing now.
>supporting evidence: some guy who reports a 670k net worth, of which 173k is in retirement funds and health insurance

[Anonymous No.49868566]

>>49855723
>Most people have 200k in assets by their mid 20s in the US
Most have a negative net worth

[Anonymous No.49869730]

>>49855623
>25
>Bank: $7,000
>Accounting Education and currently in Trade school (self funded career change)

I often feel I'm lagging behind. But I was at $20k in my bank before I paid for school. Am I doing alright bros?

[Anonymous No.49869820]

>>49855623
>bought little townhouse right before covid for 89k
>covid happened
>parents died (not related to covid; I am immune to "your mom will die in her sleep posts now"
>inherit their much larger home
>dad refinanced twice so there's still a shitton on the principle
>leaning towards selling townhouse, moving into the mountains, putting money into the house (the basement is unfinished and it needs a new dishwasher and microwave)
>sell it a few years down the line when I want to move closer to my friends again
Good plan, /biz?

[Anonymous No.49870101]

It seems like people really do have more money than we’re led to believe. Im 34 and my net worth is like 600k including house equity and no debt. I drive an older car and do just fine at 100k a year. When I go to my kids sporting events everyone has brand new cars, top of the line $150 camping chairs, and I just don’t understand how they can all afford it. Im a penny pincher and these people are out here acting like multimillionaires, but it doesn’t seem like an act.

[Anonymous No.49870116]

>>49869730
cool. what trade anon?

[Anonymous No.49870252]

It's scary out there. My girl and I pull in about $300k/year right now and I know people who make half what we make who have more confidence in buying a house of similar value than we do.

Honestly we're in a pickle. We have a condo worth about $450k but I would like to buy in the burbs eventually, but not sure when to do it, especially if we expect kids. Not trying to raise kids in the city desu

[Anonymous No.49871051]

>>49866687
>The really cool part is the climb from 18 - 24 year olds where you can tell the wealth disparity grows even more. This shows that the average gets even more heavily skewed by wealthy parents sharing wealth with their children.


Lol are they all started doing only fans. You are making slave morality lens speculation on data on something you know nothing about .

[Anonymous No.49871091]

>>49870101

They're living paycheck to paycheck

[Anonymous No.49872191]

>>49870116
Welding. After I'm employed I'm going to learn frontend dev. My plan is to have an in demand physical trade and a digital one so I can switch it up when I'm bored in life.

[Anonymous No.49872210]

>>49857226
heck, I can think of people born into wealthy families that have over 100k in debt and no sign of getting out any time soon lol

[Anonymous No.49872240]

>>49872210
student debt*

[Anonymous No.49872321]

>>49872210
>ravioli
pizza rolls

[Anonymous No.49872782]

>>49869820
>dad refinanced twice

Can anyone explain to me why boomers do shit like this?

[Anonymous No.49874889]

>>49855800
Now add cost of living

[Anonymous No.49875019]

>>49855723
Put me in the screenshot.

[Anonymous No.49875094]

>>49872782
My dad was bad with money.

[Anonymous No.49875324]

>>49859857
Savings != assets.

[Anonymous No.49876658]

>>49870252

If you can move outwards to a cheaper area, then looking at the math on this means it's a smarter move.

If everything increased in price by 10% yoy the amount of change would be bigger on the more expensive asset. It also should mean that there was less asset inflation versus being in a 'hot' area that is pumping up on demand surge alone.

[Anonymous No.49876700]

>>49855723
Exposed yourself as a retard in the 2nd post. Sad!

[Anonymous No.49877067]

>>49856827
Most likely. Grab 10k LINK

[Anonymous No.49877110]

>>49855723
>>49855800
Did you make this thread just to seethe

[Anonymous No.49877137]

>>49855723
I genuinely wish I was this dumb

I mean yeah I would be poor like he is, but everything else would be so much easier

[Anonymous No.49877714]

>live super frugal
>is 29 and lives with parents