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55307623 No.55307623 [Reply] [Original]

>33 years old
>50k in retirement

holy shit i've been fucking around in these garbage crypto markets while wasting prime years of my life for compound growth

ive taken the boomerpill now. crypto is no more than 5% of my portfolio, im playing serious catchup with my 401k and setting aside cash for savings so I can actually invest responsibly (and probably in real estate instead of shitty worthless digital scamware). why are you trying so hard to get rich quick? why not manage your money the right way?

>> No.55307656

>33 years old
>falling for le 0.2% interest rate for 40 years t-bond meme
just buy some fucking blue chip stocks

>> No.55307657

>>55307623
i dont even have retirement


retarded concept unless u are already in your 60s

assuming most here are around 20 - 30, you still have at least 50+ years of waging

plenty of time to die, hell the world as we know it probably wont even exist in 50 years. If it does, saving any money now probably wont do you much good at that point, universal income or there isnt even money anymore or whatever

>> No.55307780

>>55307657

anon im worried for you. what if the world doesnt end. what if youre just old and cant work and you have no money and no family to help you

do you wanna live in whatever the future inner-city hellhole will look like surrounded by niggers wearing cybernetic augs stolen out of walmart? what if the rich can afford age reversing technology, or access to healthcare that extends your life 50 years?

you're willing to accept a guarantee of being broke in the future without even knowing what the future looks like?

>> No.55308044

>>55307656

>30 year T Bill is 3.84%

>> No.55308108

>>55307623
No shit, I’ve been in crypto for 8 years and never had it more than 5-10% of my folio except during the 2021 bull run when everything pumped like crazy (cashed out most of it about halfway through the subsequent dump). Now I have 10k in crypto which is 2% of my liquid assets, most in chainlink/btc. Have another 200k in home equity/paid off vehicle.

>> No.55308111

>>55307780
sounds like jewish FUD to me dawg

>> No.55308141

Here in euro shithole you don’t have autonomy over your money. If you have less than 10k in your retirement account by age 65 - you can cash out the lump sum. But if you have more than that then all you get is monthly annuity that’s capped at something like 2.5k
Is this normal elsewhere? Cause saving for 40 years only to have no access to your own money is a shit deal.

>> No.55308161

>>55308141
Wow that’s aids, no in the USA everything you save in your retirement accounts is your own. Fuck that socialist bullshit. But we do have social security which disproportionately benefits poors so if you’re high income you won’t get out what you put in

>> No.55308416

>>55308141
>no access to your own money
Because its actually not your money you getting at 65, its the money working people pay when you are 65 for "their" retirement, the money you are paying now is going to boomers retiring now, not some fund

Its the definition of a ponzi scheme

>> No.55308593

>>55308141
>>55308161
>>55308416
This is why I put all my money into bitcoin. No tax, no gov stealing my money. Mine and mine only.

>> No.55310036

>>55307623
Yeah I had $40k in my traditional ira... It is worth $6k now. Nothing is safe from the Biden touch.

>> No.55310057
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55310057

>>55307623
>ive taken the boomerpill now
Not if you didn't buy gold and silver.
You don't own your stonks. The brokerage does.
Put real money in your possession with gold and silver.

>> No.55310079

>>55307623
Nigger I just got promo a few weeks ago & im already shipping my revised resume to headhunters. Had one offer a 25% pay bump first phone interview + relocation + buy me out at 90% of my vesting schedule. Get the fuck into real estate development/construction

>> No.55310097

>>55307780
If that were true, then every $ of net income you have now would still be better off being reinvested into your income rather than invested in a 401K. Otherwise, you’re just betting on being able to stop working just before you die.

>> No.55310108

>>55307623
You better be buying stocks in companies involved in Ai, that’s where the big money will be made these next few years. I bought up Nvidia, Intel, AmD, Apple, also investing in a bunch of semiconductor and tech mutual funds . Today alone I made $5k.