/biz/ - Business & Finance

[Anonymous No.53307009]

>my actively managed mutual funds return 12% a year

[Anonymous No.53307018]

>>53307009
DUDE JUST STARVE YOURSELF SO YOU CAN RETIRE WHEN YOURE 70

[Anonymous No.53307028]

Pretty sure it's under inflation.

[Anonymous No.53307041]

[Anonymous No.53307065]

He’s right about 15 year mortgages though

[Anonymous No.53307079]

>>53307009
>Be Dave Ramsey
>My mutual funds have an roi of 12% a year. I'm not going to tell you what funds they are but they do exist.
>Have you heard of financial peace university
Kek

[Anonymous No.53307102]

>>53307009

[Anonymous No.53307113]

>>53307009
>You want to buy a brand new Japanese econo shitbox?
>Better have a net worth of 25 million dollars
t. Dave Ramsey, probably

[Anonymous No.53307143]

YOU WILL EAT THE BEANS AND RICE AND YOU WILL LIKE IT.

[Anonymous No.53307147]

>>53307079
Honestly, if I had an implausibly good mutual fund, I'd mysteriously brag about it too.

[Anonymous No.53307150]

What pisses me off about Dave Ramsey (and every other guru out there) is that they deliberately lead the poor and desperate off a cliff to nowhere - it's a strategy the rich use, which is tell run of the mill blue pilled financial advice to normies (max out your 401k, get a mortgage when you're 18, stay loyal to your first employer to get your pension, etc.) while they'll never reveal the secret behind their immense wealth.

Dave Ramsey is worth over 700 million total when you include his real estate. Notice how he always tells people to build wealth slow and have a few million at age 70+, while he never tells people how he got his 700 million.

The secret is to be the guy providing the shovels, not the guy (like everyone else) buying the shovels to dig for the gold aka the false dream. Selling the dream is how you get rich like Dave.

[Anonymous No.53307159]

too bad you pay 8.5% in (((management fees)))

[Anonymous No.53307187]

>>53307009
The best mutual fund in the whole world returns 12 percent, get the fuck outta here boomer

[Anonymous No.53307220]

>>53307009
All that money and you’ll never experience this again in your life Volsfag, get fucked

[Anonymous No.53307236]

>>53307079

They literally say on the show the distribution and which funds they recommend people invest their retirement in lmao.

12% annual return isn't that crazy if you keep it all in stock market index funds. That's basically what the S&P 500 has averaged per year over the last century or so.

[Anonymous No.53307329]

>>53307150
It’s because his audience is just scared retards in their 50s through 70s. Are you really this dense? People who watch Dave Ramsey want to retire but don’t have enough working years left to take a risk. I think you’re not as smart as you believe you are

I took his advice at 24 when I had nothing now I have over $300k at 28. Didn’t take bigger risks until I had 100k saved. Wouldn’t be here without his advice from the beginning.

[Anonymous No.53307331]

>>53307009
isn't that really bad?

[Anonymous No.53307390]

>>53307329
I didn't say I disagree with everything Dave says. I strongly agree with Dave on the killing all debt first before doing anything else strategy for example.

You say you saved over $300k by 28 by using his advice. Here's my questions to you:
> What's does your salary, 401k yearly contributions, and cost of living look like?

The reason so many struggle to save money is a mixture of income issues and cost of living combined. My point is that you can't budget your way out of poverty and into riches. There's many critical details people like Dave leave out when giving out their advice. Income is an extremely critical component to building wealth, period. And no, I'm not saying to gamble to build wealth either.

[Anonymous No.53307413]

>>53307009
Hey Dave I just bought an $80k truck at 24% APR. I can afford the payments, so I just can't figure out why I'm broke at the end of the month.

[Anonymous No.53307487]

>>53307329
>I took his advice at 24 when I had nothing now I have over $300k at 28. Didn’t take bigger risks until I had 100k saved. Wouldn’t be here without his advice from the beginning.

>I MADE A BUNCH OF MONEY IN A ONCE IN A CIVILIZATION BULLMARKET ITS SUPER EASY BRO

[Anonymous No.53307530]

>>53307329
I am also 28 and I have more than double that from listening to autists on this message board.

[Anonymous No.53307617]

>>53307009
he larps as a christian and has churches shill his courses for him for free

[Anonymous No.53307649]

>>53307487
>ONCE IN A CIVILIZATION BULLMARKET
lmao are you really that retarded

[Anonymous No.53307672]

EAT DUCKS FROM THE PARK FOR FREE PROTEIN

[Anonymous No.53307713]

>>53307530
Nice, I'm 25 and poor as fuck ($100k liquid)

[Anonymous No.53307754]

More like mutual fud haha

[Anonymous No.53307769]

>>53307487
imagine demoralizing yourself THIS hard

[Anonymous No.53307790]

>>53307009
Everyone in this thread saying Ramsey is only about saving. You are dead wrong and have not watched his show. Yes his investing advice is a meme. BUT. That his not how he says you make money. He says, repeatedly, that how you "get rich" is to increase your INCOME. So, >>53307150, you are dead wrong. The way Ramsey got to big $$$ is by starting a BUSINESS... which he repeatedly advises his viewers is the way to making money AFTER they dig themselves our of their retarded financial decisions.

Now look. Some folks can make money in the stock market. But Dave's viewers, realistically, probably can't unless they stick to boomer funds with a friendly advisor to talk them down from panic-selling the bottom. So telling them to maxx their skills and improve their INCOME (he shouts it like that too) is the right advice.

Is /biz/, with mostly 20's and 30's y/o social misfits with either good STEM jobs or a lot of excess time to watch the markets, the best audience for Ramsey? No, probably not (though crypto retards could stand to listen at least a little bit, GME baggies too, on the other hand /smg/ the only real thread on this board will have better ideas at least some of the time). That doesn't mean there is no audience for which his advice is useful.

[Anonymous No.53307838]

>>53307329
Based. Debtards need to rope. Powell, harden your heart and increase your attacks! Defeat the debt golems for humanity.

[Anonymous No.53307852]

>>53307487
How much did you make this bullmarket if it was so easy?

[Anonymous No.53307917]

>>53307852
he bought bitcoin at 60k

[Anonymous No.53309607]

>>53307331
For mutual funds, it's amazingly high, especially if you consider fees.
As another anon said, the stock market has returned nearly 12% per year over a century. Very few active managers can do better than the overall stock market.

[Anonymous No.53309703]

>>53307649
>near zero-percent interest rates for 10 years followed by printing 20% of the money supply in one year
yes, once in a civilization

[Anonymous No.53309723]

>>53307009
Just do your max in I bonds and the Vanguard funds if you're preserving wealth. Getting investing advice from a boomer is like getting relationship advice from a woman

[Anonymous No.53309823]

>>53307790
Best post in thread so far.

[Anonymous No.53310745]

>>53307187
>LINE GONGO UP PAST DECADE SO LINE WILL GONGO UP NEXT DECADE

[Anonymous No.53311336]

>>53307187
food already doubled since the covid printing, what happens if they print again?

[Anonymous No.53311471]

>>53307790
>/smg/ the only real thread on this board
its just for the low T pussies who need an investment that is approved by the establishment. for people terrified of crypto tha still unexplainably want to post on /biz/ instead of reddit. its not actually a good thread or asset class

[Anonymous No.53311657]

>>53307790
Tbqh it doesn’t matter if you watch videos about crypto trading or coding, skill acquisition takes time and that time has to come from somewhere which most likely is going to be from low tier socialization. Do introverted people have an advantage by having less social battery and therefore less desire to manage? Of course but regardless at some point you have to grow up. It doesn’t matter if you waste your time going to bars or playing video games it’s still time wasted if that’s the only thing you do.
I know so many people my age who just do absolutely nothing to improve their situation and wonder why they can’t get ahead.

[Anonymous No.53311688]

>>53307487
Fucking retard lmao, have fun staying limited to crypto shitscams

[Anonymous No.53311748]

>>53311336
giga ultra hyper bullrun (real one this time since the jews accumulated their bags). Then after that face melting bullrun, we'll enter a depression (will make this recession look pathetic in comparison). They will fud the shit out of the markets. Btc will dump 90%+.
Unironically next bullrun is the last one before society collapses

[Anonymous No.53311758]

>>53307009
>actively managed
>12%
I'd love to see what the operating fees are on that fund and also what your real return is after it is adjusted for fees, inflation, and taxes. Obviously larp because no fund is returning 12%, but my point remains.

[Anonymous No.53311765]

>>53307009
No it doesn't

[Anonymous No.53311810]

>>53307329
>It’s because his audience is just scared retards in their 50s through 70s.

ever meet one of these people IRL? it's hilarious. my gf's mom is a 60 year old version of this. 500 credit score, living in a ratfuck slumlord apartment, MAYBE $10k in her 401k if she's lucky. bad decision after bad decision after bad decision: scratch off lottery tickets, goyslop 24/7, $25k car loan @ 14% interest, lifetime smoker, etc. and no, she will never be "my problem" as my gf and i are on the same page: her mother's future is dying in a state run nursing facility and her ashes going unclaimed.

[Anonymous No.53311867]

>>53311810
>dying in a state run nursing facility and her ashes going unclaimed
Honour thy mother and thy father

It's a tough pill to swallow sometimes but good things come from it.

[Anonymous No.53311912]

>>53311867
Some people are leeches and always will be.

[Anonymous No.53311933]

>>53307150
I had to do screenshot of my text since 4chan thinks what i wrote is spam

But pic related is how dave made his money, and it wasnt by grabbing his boot straps

[Anonymous No.53311942]

>>53311867
Not that anon but the first 10 commandments only go so far. If the mother isn't a virtuous Christian, trying to "honor" her will likely just mean you pay for her to live with you or pay her debts. I don't know what the right call is maybe just give her grocery money or something

[Anonymous No.53312004]

>>53311942
>likely just mean you pay for her to live with you or pay her debts
You don't have to explain that. That's exactly the situation with my mother. Boy it sure feels good to tell her to shut up sometimes.. and she does. Once a week I also physically lift my father-in-law off his death bed to get fluid drained from his liver due to poor lifestyle choices.

[Anonymous No.53312011]

>>53311867
fuck off, retard.

[Anonymous No.53312080]

>>53307390
>You can’t budget your way out of poverty and into riches
To be fair, most people don’t have that as a goal. If you asked honestly, while many dream of wealth, it’s not the plan. They’d be happy to be more comfortable, protected from economic disaster, retire a little earlier, have a little more money to give or share or afford a humble vacation. People want to budget and plan their way from working poor to working class, or just stretch their $40k/year income enough to worry less about money. I think he’s got value for that audience

[Anonymous No.53312138]

>cars are stupidly fucking expensive
>Food has universally gone up 10-20% in my area
>Guns and ammo never went down to pre COVID prices
>Job salaries have gone up but it seems like the bottom was inflated more than the top, as in grocery stores start out at 17.5 but mid level workers still make like $22 or something.
>Inflation of course is doing its thing

Idk I feel like society is a massive fucking scam and the game was rigged from the start. I could literally not afford to rent and have a car payment in my area at the same time. Feels kinda pointless and hopeless

[Anonymous No.53312158]

>>53311748
The bull run already happened. You don’t get another one. Sorry if you missed it

[Anonymous No.53312251]

>>53309703
Congrats on your objectivity and ability to see the future bro, happy for you.
Why is someone as smart as you on 4chan?

[Anonymous No.53312301]

>>53311810
Easy to say she won’t be your problem until she’s homeless and your gf gives in. We both know it will happen.
>Muh based gf
Nigger
>She’s not like other girls!
NIGGER
I’d budget $20k/year for moms expenses past age 67-70

[Anonymous No.53312534]

>>53312158
that's not how these cycles work, retardo