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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53451411 No.53451411 [Reply] [Original]

>deposit half your paycheck into a stable index fund for a 3% annual return

>> No.53451418

>>53451411
>SEX
>SHOP
???

>> No.53451438

>>53451418
Retard it’s the Dave Ramsex Shop

>> No.53451459

>>53451411
>Markets fall one year, causing you to actually lose money
>Can't make money without risk son. It's your fault for buying a fund tied to the market
"Winning" for these fucks means having at least 3 years left of life to even live before you die of old age without working yourself to the bone every day.

>> No.53451467

>>53451411
>3%
HOLY SHIT THREE WHOLE PERCENTS HOLY SHIT GUYS BREAK OUT THE FINE CHINA WE'RE EATING A WHOLE CAN OF GREEN BEANS TONIGHT

>> No.53451499

Sooners mad at how nice life is for boomers lmfao. Get a job punks.

>> No.53451513

>>53451467
kek

>> No.53451848

>>53451411
>3%
have you even watched his shows? He claims it's like 8% every year. he's a quack

>> No.53451949

>>53451467
Stupid on steroids.

>> No.53452350
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53452350

>>53451411
>>53451848
The S&P500 index has been established since 1957, and on average over its history posted a mean return of 11.2%. The worst and best returns annually were -43.8% (1931) and 52.6% (1954). The mean annual return of the last 25 years is 9.3% and over the last 10 years is 13.9.

This shouldn't be controversial. I think the mutual funds he shills are trash that have never beat the market after fees. I think that a large part of the parabolic gain in the stock market has been QE funny money and near infinite retirement fund dollars that are soon to dial back. But there is a good reason that the overwhelming majority of American millionaires credit their tax deferred retirement accounts with building the bulk of their wealth. Start compounding young, and keep it up.

>> No.53452432

>>53451418
Dave "Pimp out your girlfriend when you're not using her for extra money" Ramsey.

>> No.53452561

>>53451411
This is such dumb fucking advice that gets repeated all the time. If you want to get rich you have to spend the first 20 years of your adult life being extremely economically proactive. Start small businesses, constantly research moonshots, working non stop. Throwing your wagie paychecks into an index fund won't make you rich until your 60s.

>> No.53452602

>just die, dying is free and decreases your cost of living significantly
what the fuck was he thinking?

>> No.53453387
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53453387

>>53451411
Doesn't he always say he gets 12% from his mutual funds?

>> No.53453747

>>53451467
>break out the fine china
Lmao

>> No.53453756

3% return with 30% CGT kek