1%

bros, help my thread.

we dont need asian masculinity

>>how did you make your money
are you fuckin retarded user
he was born into money

Attached: 1533090357028.jpg (762x785, 193K)

Can I have some money OP?

Hey there, robot. I'm a big believer in the Efficient Markets Hypothesis, which says that the price of any given asset reflects all known public information already. So, the luxury condo's price is what it is, based on the net present value of all future cash flows that can be had through rents.

That being the case, you can always sell it. If for whatever reason the price falls, you'll take a hit, but you can always sell it.

The good thing about real estate is that it tends to be less volatile than other assets (like stocks). If you can hold onto it for a while, it should appreciate. Historically, real estate has risen at roughly 4% annual rate over the past century... something like that.

But, like all investments, you have to have a long-term investment horizon, otherwise the transaction fees associated with buying and selling will definitely kill your returns.

I hope that's helpful.

Would you give me some money OP?

Hey there, robot. I made my money by going to school, delaying gratification (avoiding drugs, criminality, etc.), getting good jobs, and saving every penny. Put those savings into mutual funds and a house in a desirable city. Over time, compounding returns have turned those initial investments into a lot of money.

As for the stock market, I am an ardent believer in the Efficient Markets Hypothesis. As such, you should NEVER purchase individual stocks, you should absolutely NOT engage in trading. Instead, you put that money into mutual funds with very low fees, and you make market returns.

Here is the power of compounding interest: If at age 22, you started putting $500 a month into something like the Vanguard S&P 500 fund, by the time you retire, in REAL terms (meaning we've adjusted for inflation), you will retire a millionaire.

Ha! I don't have that kind of money! But, even if I did, I don't think I would fund cancer research. When you look into the history of medical breakthroughs, a great deal of the truly revolutionary discoveries had nothing whatsoever to do with directed research. Instead, these sorts of astounding discoveries came about through pure accident. I suspect that if we do find some sort of cure for cancer one day, it'll come out of left field - like, doctors will begin noticing that folks who were prescribed viagra for erectile dysfunction have much lower incidences of cancer.

Why don't rich people care about actual art? They used to be patrons and enjoy collecting art, now its just buying shitty pieces they don't care about to impress others (or not buying art at all).

Attached: c.jpg (1000x601, 69K)

Do you think I should start HRT and wear skirts? I'm 5'3 wih soft features.

Hi robot, my impression is that rich people actually sponsor the arts quite whole-heartedly. The super rich people I know buy stuff like Warhol's Campbell Soup Cans. My wife really likes plein air paintings.

But, I think that there's a misconception with regard to art sponsorship. It may feel like rich people today don't care about art, but if you look at how much money is spent on art, music, dance, etc., in aggregate, we as a society have never spent more! The only reason it may feel like nobody is sponsoring art, from the artist's perspective, is because there are so many artists today. The population of artists has exploded, and as a result, you have many more artists chasing after those limited dollars.

We tend to think of the "golden age" of art as the Renaissance. But, realistically, societies in the 1600s and 1700s were dirt poor. EVERYONE was barely scratching by on a subsistence basis. There were very few artists, and there were very few patrons. And check out some of the writings of those artists. They were starving back then too.

Today, we're a much, much, much richer society. As a result, young people today don't need to become goat herders or wheat farmers. Instead, they can do something fun with their lives - like becoming artists. And because so many people want to do fun, meaningful things like art, it results in there not being enough money to support them, even though today we spend more on art than at any time in history.

Hi robot. My brother-in-law is transgender and went from being a woman to a man. Today he is much, much, much happier than he ever was before. He's always known deep down that the female body he was born with was wrong and that he was truly male. After going through HRT, and becoming a man physically, he's really thriving. We hang out and drink and bro it up all the time.

If you know for certain that the sex you were born into is not the right sex, then absolutely you should do HRT. It's amazing how quickly our society has changed and come to accept what was unthinking even a decade ago.

My brother-in-law worried about what his work colleagues would think. This major client of his was a gruff military guy. And once my brother-in-law had announced what was happening, everyone in the company showed their support, and the gruff military client even pulled him aside and said, "I admire you so much for having the courage to make this kind of change."

Crazy, right?

>The super rich people I know buy stuff like Warhol's Campbell Soup Cans
That's called money-laundering. Or do they really think Warhol's "idea" about consumerism and 15 minutes of fame is really worth millions of dollars? Art now has become a way to launder money and emphasize ugliness. Not mediocrity, but an assault on beauty at its core.

Getty Villa: Rich person taking interest in art due to personal enjoyment of it (note the type of art)

Getty Museum (architecture): Some unholy alliance of money laundering/kickbacks/or even worse, just bad taste

Hey there, robot. I apologize, but I don't know much about art myself. I honestly don't know what's good taste or bad taste, what's beautiful or not. Like, I'm one of those people who LOVES Marvel super-hero movies and reads comic books and thinks they're the most amazing thing since sliced bread. :)

But, I do believe in science and biology and evolutionary psychology. And what evolutionary psychology would say is that artistic capabilities and creativity evolved as a means to attract mates. It's a very powerful way to signal intelligence and other very positive traits to a potential mate. For example, check out the amazing art that bowerbirds are capable of. And they're very explicit in utilizing it for mate selection. Truly mind-blowing.

Given all that, what I think evolution would say is that artistic expression and creativity are signaling devises - very important signaling devices. And, in the case where people with money buy art, those well-heeled folks are buying the art and displaying the art for signaling purposes as well. They're signaling how well-endowed they are with resources. And, in evolutionary terms, signaling to potential mates how much you have in resources is vitally important to attracting mates!

So, in the end, my view on it is that ultimately everyone involved is simply following evolutionary dictates. I don't think of any of it as "money laundering" or "bad taste" or any such thing. I just think people are doing what evolution programmed them to do.

How old are you OP? Do you have a wife kids? I'm 26 and have a wife and baby myself, live in Canada. We just bought a house and got hit with a problem with my wife's maternity leave pay right after as well as countless other costs associated with buying a new home so we're a bit tight on funds atm. If I stayed single, I definitely could have saved up a ton of money, plus I would have moved somewhere with way better work and better pay, my job right now sometimes makes me want to die. Some days I feel like I got memed on by my parents when they pushed me into this trade I'm in and also feel like I might have liked the single life better but I love my wife and daughter more than I ever thought I could. But anyway, how did you save so much money while raising a family? Does your wife also have a good job? What line of work are you in?

Hi robot. First and foremost, I would say congratulations. Seriously. Congratulations on finding a wife you love, and having a daughter that is the apple of your eye. My core belief is that, in the end, family is all you got, and having family is amazing.

Yes, I have a wife and 2 daughters, ages 5 and 2. My wife is amazing (we've been married for 9 years, but have known each other for 25), and my daughters are amazing.

I'm 43. Really old. My wife and I didn't get married till we were 34. And we didn't have our first kid till we were 38.

You're 26. So it is absolutely natural to be tight on money at your age. It is amazing that you were already able to save up to buy a house. That just blows my mind. If you're married, have a beautiful daughter, and a home at age 26, I will tell you that you have done something right.

Now, the reality is that the fact that you have a family and house will limit your job options. You can't just pick up and move to find the perfect job. Beyond that, as a breadwinner, you have to be much more careful about having a stable income, and if that means suffering at work to bring home the bacon, sometimes that's just what it takes.

But, take it from me, if you work hard, if you stay conscientious, by the time you reach my age, you will have saved a good deal of money, and that base of money will have compound returns. As you get older, that base will continue to grow at compound rates, and one day you will check your 401k or your IRA account or whatever, and you'll be shocked at how much money there is in there. Working hard, saving money, and being conscientious will result in you being well-off one day.

Now, if your job is killing you, you should start looking for new work. I will say, though, that at age 26, I HATED my job too. And there have been many jobs I've had over the years that I have absolutely hated!!! With a family, you sometimes just have to grit your teeth and bear it.

Awful roleplaying thread.