Immediate reaction " BUT SON I-I-I CANT BELIEVE THIS ! HANS AVENUES AWAY SOLD HIS HOUSE FOR 300k€ AND LOST ALL OF IT ON STOCKS"
Me: "look dad its easy. You can also invest little amoun....[...]"
Boomer Dad:" NOOOO I DONT WANT TO HEAR THAT! YOU BETTER KNOW WHAT YOU'RE DOING BOY IM NOT GONNA GIVE YOU A DIME IF YOU LOSE EVERYTHING WHEN CRASH COMES"
Me: "Even if economy is doing bad companies like McD or Coca or Novartis are still gain Mone..[...]"
Boomer Dad: " STOP IT RIGHT THERE SON! I KNOW EXACTLY THAT YOU ARE ONLY GAMBLING! HOW COME EVERYONE STILL WORKS AND DONT JUST BUY YOUR FANCY MCDOODLE STOCK HUH??? TELL ME SON??? YOU BETTER NOT CHALLENGE ME YOU LITTLE PIECE OF SHIT!"
Me: "Look its simple. People love staying in their hamster circle because they are unsure and want a safespace and also they...[....]"
Boomer Dad: "YOU ARE ONE EGOISTIC PIECE OF STUBBORN SHIT I'VE LISTENED TO FOR A LONG TIME. GET OUT OF MY SIGHT AND YOU BETTER OFF GETTING OF THOSE STOCKS OR IM GONNA DOUBLE YOUR RENT SO YOU DONT SPEND YOUR MONEY ON SHIT"
__________________
T,Absolute state of German Boomers. Why are their brains not capable of engaging a civilized conversation and try to understand that our Government basically will make Germany a third world country within the next 30 years and that my Gov Pension Tax payments are likewise just Money in a Trashcan??? Im Still continuing investing 1500€ in 15 Stocks mostly dividend payer no matter what everyone else is saying. I already have like 2 years worth of Cash laying around when i get unemployed which i saved on my own. FUCK YOU GERMAN BOOMERS
Your dad is completely correct and you're acting like some sort of faggot.
Brayden Morris
>living with dad
Sebastian Jenkins
>living with your parents you need to be 18 to post here user
Jacob Collins
>>living with dad
Yes i dot but i pay much less rent to him as i would for an Appartment in a nearby Town which was build in the post world war 2 times by some "rubble women" for 1k€.
i understand your pain. german boomer parents still think that their pensions are safe, that the government will help them if shtf and that merkel is doing a good job. they are afraid of investing into anything, because they lost 2k in the dot com. bubble.
germans are highly intelligent and productive cattle, but they are sadly still cattle. a people which rise and perish at the will/intelligence/drive of their masters.
Ian Parker
>having to pay rent
Lincoln Torres
Leave Germany. Every intelligent being does.
Alexander Jones
just give him a firm handshake
Asher Adams
>buying boomer bags near the top imagine not listening your pappy, he sounds smarter than you desu
Because there is nothing left to invest over here in Europe. Interest rates are about to drop into the negatives making the Real Estate markets Bubbly as fuck (they are already above than ATH). I could borrow 110k€ for 0.6% and only pay 5k€ for the interests after 15 years. (not to mention that merkel coin gonna exist in the next decade tho)
The real price for losing the war is that the boomer's parents had to allow their kids' education to get fucked. The boomers' cuckery is part of the price for the war. They got taught they were evil, bad and should be sorry all day erryday. This is across Europe btw, cos they all lost the war.
Logan King
>(not to mention that merkel coin gonna exist in the next decade tho) >merkel coin are you talking about the euro, or did i miss something?
Matthew White
-NOW IM GOIN TO ENTER THE LIFT TO GO TO THE MARKET AND BUY SOME PINTS OF MILK. WHEN MY RETURN IS COMPLETE YOU HAD BETTER HAVE A SONG TO SUNG THAT IS DIFFERENT FROM THIS SONG!
PLAYING WITH YOU I AM NOT! THE JOB APPLICATIONS WILL BE FILLED OUT MOST NUMEROUSLY AND HANDSHAKE YOU WILL WHILE ALSO KEEPING OF EYE CONTACT TO MANAGERS OF EVERY MARKET AND EATING STORE THAT OUR VILLAGE CONTAINS!!!!
Stop gambling with your parents money you filthy degenerate
Samuel James
take it from a 30yo boomer, your did is kinda right
I don't know about German markets in particular but in the US daytrading is only profitable for guys who already worked on wall st for 10 years and now trade for themselves using money from a prop trading firm.
The big hedge funds spend billions of dollars on data scientists, ai, and have machines with a 0.01 millisecond delay executing huge amounts of trades and the average guy can't compete.
The issue is that you can have success in the short term but eventually everyone gets wiped out, look at daytrading forums/groups and you'll see they were hugely active in 2014, they're nearly dead now except for the newbies who get in, do it for a year and then get wiped out.
Only way to make it is to start a business, suggest reading this:
Germans are pretty much the most risk averse and pro-saving vs spending people on earth. There’s a reason why the bund yield is negative
Tyler Sanchez
Boomers are the same everywhere.
Jose Ortiz
this. every biological german is heavily into savings. negative interest rates will dismantle german pension funds and private savings.
Hunter Brown
Your dad is right, and you're a faggot.
Cameron Reyes
>Because there is nothing left to invest over here in Europe. >Interest rates are about to drop into the negatives making the Real Estate markets Bubbly as fuck (they are already above than ATH).
How do you say this and then invest now, before the crash? Do you even understand what you're saying? Buy gold you idiot
Kevin Ross
Im earning my own money . Its about 2k€ after tax. And before you come down" hurr why you live at home durrrrr". Its because my brother is disabled.
>paying rent to your dad >raising your "rent" for "educational purposes". Your dad (and, by proxy YOU) are an (dis)honorary kike. >ancap >trips OK, now we're talking. Just don't tell me your dad is a public sector employee, because that combined with his shekel-grabbing would be almost kike-singularity in my book. Get out of there, both your dad's house and Germany itself. If you're serious about what you're doing, you'd better find a place with low taxes (and capital gains taxes in particular).
Blake Lopez
>Be a millionaire in the EU >even if the EU are going to rise to taxes to 80% in the next 10 years because there is no more money left for refugees
Brayden Cook
You sound like an entitled little shit. You're going to make it by beating the stock market in Germany at decade peak? You're retarded kid.
Jack Lee
This
Blake Cox
>housing crash >negative interest >muh rock
This board is the dumbest biz place in all the internet.
Dominic Morris
If you rent you are loosing money and it is turning into a return on someone else's capital.
Here is my breakdown of assets for you to think about US Dividend ETF USD Bonds Mortgage free West European property with development potential Light Crude Tenanted Agricultural Land Forestry Crypto Physical Gold Physical Silver Art Antiques with stable markets and low storage requirements Shares in to big to fail financials bought low Residential property mortgage free west European
I'm wealthy enough to be considered I suppose rich by 99% of people who I pass on the street but dress poor and aside from immediate family(and not even all of them) no one would know it, I avoid waste like owning cars.I keep a job for cashflow and state pension benefits and health insurance. No one I work with knows I am debt free and have over 5 million. My children don't know. Your father is basically correct. However what you should do is buy the cheapest liveable residential property for yourself for cash and either live in it or rent it. Your father is right but not about incurring mortgage debt. Being rich is lonely and boring.
Liam Powell
gold has valid uses just not the ones you hear on doomer and loon paces like here everyone debt free should own a bit of PM if they have property and are debt free
Cooper Kelly
>You're going to make it by beating the stock market in Germany at decade peak?
the only way stocks can develop is to dividends are growth is going to stagnate on price, European stocks and euro cash is crap, USD is king for the next decade and US stock and etfs are all that matter no one gets rich daytrading forex options or stocks because they don't factor in fees and tax for the number of trades neesary
Colton Phillips
>This board is the dumbest biz place in all the internet. rt, cnn glp and ats and zerohedge exist as does the uk mail and express tumblr and facebook
Cooper Cooper
Im mostly investing in Dividend Stocks with a solid ground Business like Johnson & Johnson , McDonalds , Coke,Pepsi, Microsoft , P&G , Bond Emerging Markets ETF and Basically a Re-investing ETF on NASDAQ 100 Information Technology. Portfolio size is about 16.5k€ and i got like 2 years worth of wage as cash just in case if im gonna buy a condo with loan and that cash as "representative" cash for the loan banker.
Lincoln Russell
>Told my Boomer Dad im investing in Stocks. the fact you were looking for validation implies you don't know what you're doing, are just gambling, and are going to lose everything when the crash comes.
Asher Kelly
Why haven't you bought any LINK? I'm 19 and got about $33k in LINK. It seems obvious to me. Smart contracts are going to be adopted and they need outside data. The question is will they use centralised insecure sources or Chainlink. Basically it's a matter of when not if. Only a black swan event can make Chainlink fail.
German boomers are a special breed. Very dumb and very rigid
Mason Harris
If you’re playing it that safe you’d might as well just buy mutual funds. There are mutual funds weighted toward high dividend stocks if that’s your thing. Find a passive one with ultra low fees.
Ryder Wood
I wasnt searching for validation. I just wanted to talk about that topic with someone , because no one in my surrounding area , not my friends , not my coworkers no one is buying stocks. The only connection to stocks is basically the Internet. Whenever i talk with someone about that topic i first wait until they argue about his wage and then i say "hey you know about stocks?" "you dont need huge amount of cash for that" but most times folks immediately change topic or blame the rich for the own debt and failure(im not saying im perfect).
Im 100% sure that i would get a loan of a million dollar with 30k€ as available Cash when i would be living in the US but thats not how it works in Germany. The bankers are preferring giving out loans to companies without any problem. If your not a business owner you'll have to suck the bankers dick with every bank statement.
Jack Morales
I have about 1.2M in US dividend ETFs, 200K in financials I bought cheap, 200K in light oil, 850K in bonds mostly corporate I should have mentioned cash, I hate keeping it but always have at least 50K in cash available and at least 10K deposited in a manner that would allow easy access to small cheap lending. I dislike having to do so but its common sense, I have 1.8M in land and property/forestry and the remainder in gold, silver, art, antiques, crypto and tax free investments. Be polite and considerate to your parents, call them at least weekly and if they give you birthday and Christmas gifts and have supported you give them a Christmas or birthday presents and even if you do not share their religious beliefs do not belittle them. I have one child I will probably leave nothing to (if they show no sign of change)because of how they have treated me and their grandparents.
James Jones
It's already failing. The whole project was a PnD scheme to enrich a few individuals.
Benjamin Hall
>Im 100% sure that i would get a loan
Debt destroys wealth and should be utterly avoided and if you have it eliminated before you do anything else. You have a choice be a slave or a freeman.
Angel Jackson
>op clearly states he is investing >specifically in dividend yielding stocks >spouts out shit about day trading and stock manipulation
"boomer here" Yeah we know, your inability to read tipped us off.
Lucas Torres
You should also buy some btc.
Cameron Gutierrez
Retard I wasn't talking to you.
Why aren't you holding any LINK?
Lucas Reyes
Imagine being so entitled that you don't have to work for what you get in life ON TOP OFF thinking you're entitled to sponge off the work off your parents. Yes you are a loser and your dad is right.
>Why haven't you bought any LINK? I'm 19 and got about $33k in LINK. It seems obvious to me. Smart contracts are going to be adopted and they need outside data. The question is will they use centralised insecure sources or Chainlink. Basically it's a matter of when not if. Only a black swan event can make Chainlink fail.
Are you debt free? Have you completed education and do you have a job for cashflow? Do you own the property you live in or at least have another debt free property rented which offsets what you are living in? Do you have student, mortgage,auto or credit card debt?
If you do. WHAT THE FUCK ARE YOU DOING? If you are paying rent and have no property WHAT THE FUCK ARE YOU DOING?
I do own 5K o link I bought under 38 cents but consider it entertainment, I have a couple of bitcoin I bought at 3-4K, again entertainment and I have 20 eth and will probably buy another 12 again as entertainment to run a node. However this is less than 0.6% of my net worth @cost and I would rather it was 0.5%.
Ayden Turner
>Im Still continuing investing 1500€ in 15 Stocks mostly dividend payer no matter what everyone else is saying
In the end of the day its so little money its nearly irrelevant but for fuck sake just buy a high div US USD etf. That you are even thinking or buying individual dividend stocks is beyond retarded. You won't see anything much for 10-20 years.
Lucas Johnson
Its not good here either in middle yurop. You would be surprised how hardwired communism got into the people. The ones who embraced capitalism now drive BMWs and Audis, the one who are still pseudo half-commies drive Škoda. For fucks sake our people still believe in putting money is socks, I'm not even kidding you. People are hardwired to think fiat toilet paper worth anything, and the schools make absolute worthless people who clean streets with a degree. This is the reality. The jews in Brussels managed to slip their shitty euro step by step and making paper money even more worthless. Thank God the based polaks dabbding away with sucking out everything they offered while they contribute nothing to the box. The western cuck nations, yours included keep pouring into it. Top fucking kek.
The only thing I regret is that I never understood that failure is important, because you learn from it. Nobody told me about this, but that I need to be a safe as possible wagie. It's fuckton better to even fail hard, than never experience anything, because you'll forever be a wageslave, and this comes from someone who is getting a lot smaller paycheck than anyone in your country. It doesn't help either that the mafia is everywhere, in fact they are in the gubbie, or more like they are the gubbie, since they can kill news reporters who are getting "too deep".
My dad made a living selling treasury bonds when I was a kid. If I became successful trading I would make him proud.
Joshua Watson
The uro will depreciate against the dollar an dollar denominated assets as will sterling however property prices and probably most blue chip euro stocks will rise in parallel with money supply making them a sum zero game. I would exempt forestry and agri land from this as the tax and grant advantages still make them desirable and I will be increasing forestry and agri land holding and would like to acquire more good leased warehousing the next time it is cheap
Luis Myers
>My dad made a living selling treasury bonds when I was a kid. If I became successful trading I would make him proud
He got lucky, it happens, I got lucky in options in the 90s. However be aware, you are basically gambling and so was he.
Jace Mitchell
Ex-german here. Just leave the ducking country. I‘m a registered citizen of Estonia now, it was easy as shit and took 1 week of my life. Best decision ever.
Fuck Germany, the dream is over.
Levi Morris
That was stupid. The further west you go the better the passport. You I think have made a mistake.
John Anderson
I knew the was a hyperbolic larp until I read "german boomer", now I'm not so sure
Jose Bennett
>being an “adult” nigger fully capable of working for money but instead just leech off parents and tax dollars until the money runs out Never going to make it
Julian Watson
how did you do it? how fast did you learn the language? what are the benefits from living in estonia over germany?
Jackson Nelson
I'm from europe so I just started uni(it's free) to learn software engineering(basically programming). Starting jobs with the degree are like €2.5k which is twice the median salary here(If I lose all on LINK, I can wage for 2 years, live normally and save that money back). They also hire during 2nd or third year. In the meantime I can live with my parents.
I started gambling with shitcoins in 2017 October. Then at February slowly realised that Chainlink is the only legitimate project and went all in. I've read a lot about smart contracts in general over the past year and a half and it all makes sense. I'm young, I got no debt so I can take the risk plus if you have researched Chainlink like a maniac, then you should understand the potential it has. Of course it will take at least 3 years, but boomer stocks will give me fuck all return and it might all come crashing down when a reccession hits.
Also you are talking about debt like it's some scary murderer. Debt can be used to create more wealth. You can't fucking buy an apartment without a loan unless you are from a rich family. Of course buying apartments in some major bubble city is retarded.
You are just a gambling addict. I see the appeall; but don't fool yourself for one second that what you are doing is sane; debt destroys wealth. You are already in trouble from the sound of it, in debt and addicted to gambling. This is how you destroy your life for a decade. You don't even have a job
Matthew Hughes
>You can't fucking buy an apartment without a loan unless you are from a rich family. Of course buying apartments in some major bubble city is retarded.
You can always find property for cash. development land, lockups, garages, neglected or incomplete residential. You are just stupid.
Jack Turner
whats a good US Divident etf to buy? you seem like one of the few on biz who are not cmpletely braindead. Ive been reading Bogles book on etf investing and he makes sense but I have no idea what to buy.
Luke Lee
Wrong
I didn’t learn the language, I didn’t have to and I won’t. I‘m a citizen of Estonia but I don’t live there. I live and travel in Asia but own a small internet company. You can’t have a company without having a registered residence in Germany. Also fix german tax law, Estonia fucking rules in everything, even if I don’t live there.
Im making much more Money and live a much better life this way it’s almost rediculous honestly
>I wasnt searching for validation. I just wanted to talk about that topic with someone , because no one in my surrounding area , not my friends , not my coworkers no one is buying stocks. The only connection to stocks is basically the Internet. ah I see, that's understandable, I can relate to that (but moreso for crypto). that's probably a big reason I can't leave this vile cesspit
Luis Morales
>being such a fucking american boomer Here in Estonia they don't give out loans like candy. If you want a loan for an apartment you need to pay like 15-20% downpayment, you need to have at least a 6 month employment record and big enough of a salary. You buy the apartment and pay the loan. If you can't afford it you can always go live with parents, rent it out and get income, which then you use to pay the loan plus you get profit unless you got a real shit interest rate. This is literally 101 economics type of shit.
>no job Of course I have no job if I'm a uni student. You are talking like I'm some 35 yo bum fuck retard who has his last savings on a shitcoin like tron. It's a calculated risk that I'm taking. If $33k turns into 0, I can wage that back after uni in 2 years max. If it turns into $300k I'm financially free if I just buy apartments here and live off rent. So far the only money I've putten into crypto is $5k which is literally fuck all unless you are some braindead retail store worker who can't find a better job because of low IQ.
Grayson Myers
He's not wrong. As long as you don't have something solid to back up your investment like insider info you're just gambling. Doesn't mean that you can't win.
David James
>I‘m a registered citizen of Estonia now, it was easy as shit and took 1 week of my life youre most likely talking about e-citizenship and it does NOT make you a citizen of estonia user
Jack Adams
COOM on his chest
Grayson Price
Ich gedenke der ewige Boomer ist nur eine Anglosphere probleme.
Ich bin Amerifat, ist der Deutscheboomer genauso schlimm?
Lucas Johnson
I'm sick of the euro. It completely invalidated the saving boomers, because they believed in it and not in investment. Its fucking insane when I think about how much more things cost now than it did back then, even with inflation one thing is clear: I have to work harder for less. Overtime work is the norm now, and I bet my fucking nutsack that this'll be normalized in 10-20 years. Fiatshit is the jew's toilet paper. Gold and silver are God's money, and crypto is the people's. If I fail with these then so be it, but I'm not going to end up like my family who worked hard their entire life just to be fucked in their 50's. The pension is so fucking low that old ass people are afraid to retire or do undeclared work, while they already have numerous medical problems.
Bentley James
itt: people kissing corporate ass
imagine not paying rent at all while living in an apartment and stealing a pair of jordans
Isaiah Peterson
I am siding with your boomer dad. Crash is coming soon, you should be hedging against the economy instead of betting with it
Zachary Martinez
Wie lange normalerweise wohnen die Deutsche mit ihren Eltern?
Angel Russell
>gedenke
Benjamin Garcia
That’s actually correct user, I’m an e-citizen. The point is i was born in Germany and now have no ties to Germany anymore. I’m not a German citizen anymore, i’m basically a nomad registered in Estonia. I pay my tax there, my (main) bank account is there, it’s where all the formal things belong- I just don’t live there at the moment
Easton Cruz
Sounds like a precursor to total economic failure. Get people in debt and people can’t pay it back and the state reaquires all their assets plus a whole lot more when everything isn’t worth anything at all due to hyperinflation.
Adam Williams
K all of you don't realize something about OP. OP is better off trying this out and losing money than not trying at all. His Dad isn't giving any kind of encouragement at all.
You're not going to change his mind, he's older now and he's alarmist. Just do what you want with your money and keep learning from your mistakes.
t. my dad is like this
Gavin Ortiz
ok, I'm a noob in stock-trading and all, but he isn't totally wrong, that it's pure gamble needless to say, it's your money, and might be better than trusting the state
Luis Peterson
germans. they are barely humans.
Nolan Stewart
Well we are living in a nightmare, this work hard for money is just a stupid echo chamber to people to cope with the fact everything is going to shit right front of their eyes and they don't do anything about it. You have to make the best out of it while you can because as years pass by everything will only get worse. This a million times. We don't encourage you to gamble, but to take risks, if you never take risks you don't learn. When you were a baby and learned how to walk by tripping numerous times, but you learned. Its very important to fail, even if everyone around you says: take the safe route. Failures happen to your advantage, they make you stronger, tougher and smarter, so you can avoid them in the future. Our generation doesn't have that luxury to be in a safe space, especially not now with this political climate.
All of these people who say don't take risks are poor, or pseudo-rich who drive the latest BMW and live in a one room apartment and eat frozen pizza.
Benjamin Peterson
Mein Deutsch is aus der Übung.
:(
Logan James
Any of the spdr vanguard etc, bnp, ishares etfs on indexed high dividend USD US listed assets.
Caleb Anderson
>Here in Estonia Beside Russia? O yes. I want to live there. Or maybe not
Gabriel Evans
>I'm sick of the euro. Its better than a lot of other currencies and is probably the next best after the USD. If you want to see garbage check out the rouble etc. In effect the likes of sterling, the zloty the kroner the Swiss franc are pegged to it. Now the USD has no rival but out of the pack of what's following. The Euro did not drag down what was west Germany, east Germany did and e.g the 3 million illiterate Russian speakers left there
Jacob Hughes
>Crash is coming soon You know people have said hat every day of every year for the last 100s of years.
Half the population have always been slaves forever. Its nothing new and nothing bad some people are only fit to be slaves. If they choose debt they are slaves for everyone else. Its just.
Easton White
Well it fucked our koruna up the ass. The reason why I hate it because it was sneaky and most people just accepted it. It was that "oh its just a few cents more" moments, but in the last 5 years things got worse. I remember when I got out of school there were simply no jobs. Everyone was afraid they get the guillotine and young people especially were fucked. An ungodly amount of neets and very low-end shit jobs what nobody wants to take for pennies. These people were working not to get a paycheck, but to keep their jobs. This is where you got euro first here and everyone was busy looking at "look how little money I got now." Legit nobody gave a shit that very basic food got more expensive, so the poor and the entry level middle class got shit on, because TV was full of "how good the european union is for you. Now you'll have money for everything and we'll cover it for your country sempaitachi." Now this supposed money got into a damned bicycle road, while our huge ass agricultural buildings and silos are rotting away. The EU targeted 3 things. The first was to keep the bottom and middle class poor as possible to work more for less, the second was to make to make self sustaining out of question, and to be reliant on extremely low quality cheap products often imported from shithole countries, so the local farmer can't keep up. Third is debt. Pay debts by taking another loan, which will pass to your kids. Everything is so pricey you have to take loans, sadly our people love playing the rich, while they are poor.
so, fren, what bank would give you a credit like that? asking for another fren.
Nolan Barnes
Based and forestry pilled. If you ever want any advice on forest management, just respond.
Nathaniel Myers
NOBL
Evan Myers
I know a few people from my highschool days that still live at home and pay rent to their parents.
James Foster
If you don't at least help your parents out with the additional utilities expenses you incur, you're a subhuman leecher. Family support goes both ways.
Adrian Walker
mfw investing in stocks after a 10 year long rally