I came here from /sci/ hoping to have some threads about derivative securities or maybe risk management, but no.
I was wrong, all this board is about is circle jerking over cyber currencies and making speculative investments.
Do yourselves a favor and open a roth ira and put the max on your 401k plans, that is if you don't work for McDonalds or aren't an unemployed NEET.
go away
I have more money than you, fuck off you kike.
We occasionally have those threads. In the early days of Jow Forums it was about 60% crypto, 30% stocks and securities, and 10% other stuff. Now it's 90% crypto, 8% bitching and off-topic, and 2% other.
>Roth IRA and 401k
I wish I was joking but these are memes now. In the last 5 months Vanguard's 500 general market company ETF (VOO) has gone down 3%. Stocks are done.
Yeah max out them 401ks. I'm sure all of you neets have a beautiful employer match. Max out the HSA. Oh mm mm tax free gains of 2% that I can use in 40 years.
Pretty sure a retard knows to max tax advantages accounts. Why do we have a /sci/tist that isn't able to figure it out.
>he measures his value in money and not total assets or net worth
This GIF literally Killed a jew.
Does it frustrate boomers like you when nerds on Jow Forums influence elections then turn around and get rich on Jow Forums by trading meme coins?
God that must drive you /sci/ autists fucking bonkers
This is the ultimate meme
I have about 150k in Vanguard accounts that made jack shit over the past year.
It's going to lose 50%+ any day now within the next two years, and then I basically get to wait an entire decade just to break even again.
Oh, you want to take your money and get off Nosebergstein's rollercoaster, enjoy your 20% tax penalty for denying Nosebergstein his 50% of your money for when him and his friends are ready to dump the entire market
You're going to be so fucking sad you didn't buy 0xBitcoin.
>just do the standard thing that literally everyone with at least a room temperature IQ already knows to do, are you all stupid or something?
we out here hustlin niqqa
> Roth IRA
> 401k
Top fucking kek. Enjoy dying poor in the streets after being a slave your whole life
/sci/ here, I care more about frogs genitals then actually making money. Thank you funding masters.
I guarantee you're not rich.
Furthermore, Jow Forums did nothing to influence any elections. Why are people on this forum so delusional?
>cyber currencies
Derivatives are cancer lad
Also never shill risk management because it makes it harder to fleece the new
You're not fleecing anyone on Jow Forums on a coin that's less than 10million Market cap so fucking kill yourself with that selfish jewish attitude.
>Derivatives are cancer
learn to trade
>cyber currencies
The BRAAAAAP posting is getting out of hand too.
>browsing /sci/
>complaining about Jow Forums
well here we have the proof that you are a faggot that never browsed /sci/
Are you all actually THIS autistic?
Using a conservative average return rate of 6% per year, and putting 15% of your earnings into a roth IRA and 401k you can retire at 65 with close to 3 mil.
Put an additional 5% into high volatility meme shit, but please take care of the safer investments first anons.
And clean your room while you're at it.
I'm not going to wait that long to retire m8.
Kill yourself i said
Well I was using 65K/year with the salary increase per year equaling inflation so that the purchasing power of the salary remains the same, so if you had a higher wage, or in increase in wages higher than inflation, or a higher average market return rate like 7% or 8% you probably could retire a good 10 years before, especially if you put closer to 15% or 20% of your wages into investments, which is realistic if you have a smart spouse who is doing the same and that you can combine wages with to maintain that rate of investment.
>retire at 65 with 3M
>65 years of age
>three million dollars
>an entire life of wagecuckery
>average return of 6% per year
Good luck with that. More importantly though I think you are missing the point. All of the investments you are talking about are in a massive bubble and are denominated by the the USD. Probably won't be around in 30 years to be honest.
I get FIRE, but I'd rather go full cryptotard to try retiring in a few years rather many decades. If that doesn't work out, ill just KMS. I'm not going to wagecuck my entire life.
I would rather hold BTC than any USD denominated investment. I think you are too pleb to understand such subtlety.
>65
It's not even worth living past 65 first of all.
You all have this idea of "wagecucking" like working for a living is a bad thing.
You really hate working because you choose to work doing things you hate. Honestly if you find something you like to do that helps people in the aggregate and at the end of the day you can say that society is better off now than it was eight hours ago then you're not being cucked, you're living a fulfilling life, not getting burned by some fictional "man".
I'd rather spend forty years managing investments for people and doing actuarial science trying to help other people retire, something i'm working towards right now, than live my life as a playboy who has no point of existence.
Until you get to 65 and realize it's the same as when you were 30 except you're poor.
I'll be fucking top line robot waifus and getting cybernetic implants while you spent all your money trying to "party hard" in your 20s/30s (which Chad gets to do for free btw while working a white collar job maxing out his IRA)
But why are you here right now? Posting these comments? It's absurd. You're just a kid.
We will experience a new great depression or WW by the time everyone here is 65. Hell my country will be 50/60% black and arab at this date from data projections which means infrastructure will crumble and my government will turn even more socialist.
Investing in stocks right now is literally paying boomer's pensions, they can go fuck themselves, I will buy stocks when they will begin to die en masse in 15 years.
In the meantime I'm all in meme coins.
Maybe he's just trying to get his peers to think about their future a little bit before they hit their 30s with no job or savings and Link is still hovering around 50 cents.
You wouldn't be here trying to mock us ubless you felt you had to prove something to yourself, which shows your insecurity
And how about you get off your high horse lad
you're missing the point.
people here aren't looking to play the game that was laid out to us since we were born. people here are looking to get ahead of the market and get ahead in life.
If I wanted to build a nest egg so I can die comfortably I'd buy up mutual funds in an IRA or buy up annuities. But I'm not interested in planning for my death, I want capital gains faster than the traditional market so I can spend the money while I'm alive.
Slow and steady works when you have a decent size chunk already, but I need capital gains, and what has a better chance of making those gains? Buying into an overbought market? or Buying into an emerging one with a market capitalization of 400B?
I'll buy up stocks after the next crash. Thought it would happen by now but looks like we may have to wait a couple more years.
The thing you aren't getting is we are seeking financial freedom. You have a slaves mindset. You believe you must work for someone else in order to exist, and the only way out is by aging to the point where you are physically unfit for the workforce. So of course you're not gonna see what this board is about, it's impossible for you.
I'm turning 30 this year and I've got 6 figures in the bank. Since 2014 I've worked every other year. Currently in my year off enjoying life and getting married this summer.
He is trying to screw over the people in this board. 401k? Retire at 65? Are you fucking stupid?
>here goy, give me your money and I'll give it back in 40 years
>and you won't have to pay me a 40% cut
>because you have to wait for 40 years
>meanwhile I'm going to destroy your nation and spend all the money you gave me
>you will be left with nothing but rubble and debt
THE WORLD IS SMOTHERED IN DEBT AND TESLA IS WORTH MORE THAN FORD AND YOU WANT ME TO FUCKING INVEST IN A GOD DAMNED ROTH MUTUAL FUND YOU FUCKING TOOL
FUCK YOU
>be wagecuck in middle class job at fortune 50 comapny
>have 6% 401k match, pension, and stock
>realize that if I'd have put my money in crypto last year instead of this gay shit I'd never have to work again
>dump all my stocks and cash out my 401k and put in in LINK
Crypto won't keep growing like this forever. No other asset class even comes close to the gains that crypto has provided and will provide for a few more years. If it ends up as a speculative bubble I can still start over in a few years. If it ends up doing what we think it will I"d fucking kill myself for missing 100,000% gains again.
401k is a pajeet p&d scam stay away
This
Your life is functionally over at age 65. Your money is worthless at this point.
Also, our taxes will be over 90% by that point to pay for all the socialized programs to support the 90% of the country that is non white.
It's game over in 50 years. Might as well go all-in as much as possible at this point.
you're retarded and just as bad as the pajeet shills that pollute this board. most of us, besides these dumb pajeets, have 6 figure day jobs/businesses and crypto is only a side hustle. I already max out my 401k and roth IRA at my cushy finance developer day job, but I've also made $250k off cryptos because I'm not an absolute mongoloid and understand 6% a year is completely unacceptable.
I just don't get you people. you think you're so superior but you're not smart enough to go into both traditional investments and cryptos. it's always one or the other for some reason.
>return rate of 6% per year
Nigga I've been in crypto less than a year, held through the crash, and still have a 6 month return rate of >300%
How do you manage this?
If you invest in a roth IRA the money grows tax free and is not taxed on withdrawl. Tax rates will probably be like 60% by the time we're 65 anyways.
And a mutual fund would probably own equal amounts of Ford and Tesla. And Tesla is objectively a better company while Ford is a relic from the past, and valuations are based on future earnings not current earnings.
Besides there are also provisions in there for home purchases and other serious situations where you can take out the money penalty free.
Also this should be money that you would just have sitting in a bank account for the next 40 years anyways. If you're 30 you should be able to max out your IRA and still live a comfortable lifestyle and invest in crypto.
you came to the wrong neighborhood motherfucker
Nope. My net worth is already $800,000 at 24 thanks to crypto, taxes paid. $700,000 is going into an LMA, for that steady 7-8% a year, Merrill Lynch let's me borrow out 75% of it while still being invested, I can leverage that to put it in downpayments for a couple million dollars worth of rental property which would have a net operating income of $200,000 per year. And I still have $100k in crypto. I'm going to be so much richer than you all while not having to wage cuck. And I have access to cash right now whenever I need it.
>BTC goes up 100000% in five years
>finally decides to cash out his 401k and get into crypto
>has the gall to think he's smarter than anyone else
You are the retarded boomer that became a house flipper in Florida in 2008.
The big one for me was joining the military. Gave me a resume and now I can contract for the government at about $90,000 a year. It's a contract job which means I can quit (or be fired) at any time and there are so many openings due to the wars so job security is pretty nice.
That got me started and then I made about $80,000 last year on crypto. I'll probably do three more years of work and then I'll be out for good and focus on hobbies. As long as crypto pays off. If not I have my gold and resume.
No one is trying to attack or mock you, i'm just saying that you should invest in the tried and true before you go off jumping into the crypto river with both feet and no rope. Real financial freedom comes with a steady flow of income, not with speculation.
And if working for someone isn't what you want to do, great, start a business, start and investing firm. Entrepreneurship is resource that is becoming more and more scarce. The point is that you should be responsible for making advancements in the world and not dragging it down.
Disregarding the Jow Forums and /x/ levels of antisemitism, you should have to pay the people that managed that money for forty years, its only fair, they worked to grow the fund to the point that even if they take what seems like a large amount, you are still left with 500-600% more money than you put in.
>If you invest in a roth IRA the money grows tax free
Why is this? Oh, because you have to give them the money for 40 years. Not worth it.
>And a mutual fund would probably own equal amounts of Ford and Tesla.
This is still bad but you didn't get my point. The point I made by using the Tesla/Ford example is that the market is overbought. You would know this by my example if you were aware of what professionals were talking about. For instance, look at how many vehicles Tesla produced this year vs Ford.
>Besides there are also provisions in there for home purchases and other serious situations where you can take out the money penalty free.
I'll be able to purchase homes with my BTC (already can in some areas) and not have to pay a penalty for using MY MONEY.
If you buy into the market now you are a fool. If you buy into the market now by giving somebody your money for 40 years... Oh man... Good luck in 40 years.
>Disregarding the Jow Forums and /x/ levels of antisemitism
You are new here... I bet when you hear people say faggot you think you're homophobic...
>just invest in the tried and true, goyim. It’ll only take 10 years for you to make $20k on your wagie bucks. Ignore the fact that a new asset class is exploding in value and will offer 100x that return in the same time frame
Lol boomers
DELETE THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LINK is the new store of value
This. Also social security is going to be long dead by the time anyone here hits "retirement age", which will also probably move up to 85 before (((they))) let anyone touch their good goy bucks. I'll try the crypto ponzi over the conventional ponzi because the reward is drastically higher for a similar amount of risk.
Nah, I'm just like everyone else here. I think the stock market is in for a big correction. If you have your money in stocks you're fucking asking for it.
Like I said,. I'm willing to accept that crypto might be a speculative bubble. But I don't think that it is. I'm willing to bet all my savings on it. The risk/reward is clearly worth it no matter how much of a retard you are.
>derivative securities
>risk management
Stay poor.
>3M after an entire lifetime only to enjoy at the end of your life
No thanks
You can get targeted funds at things you feel are better valued. You can even buy Bitcoin with an IRA. And if the market is tits up and lower than it is now in 40 years we probably died in some type of nucleur/chemical war or in a mass chimp out when whites become the minority anyways.
I have been in crypto for a couple years and made more in that than any IRA will probably return over my lifetime but I'm smart enough to know when I get lucky, unlike most of the kids on this board. There is no reason to not contribute at least an equal amount to an IRA of what you put in crypto. And I find it funny that you claim the market actually producing tangible products is overvalued when vaporware shit like ADA is worth 20 billion.
I think that's great, that is what i've been saying, take care of the safer stuff before the volitile. Shit seems cash man.
6% is modest and sustainable, nothing is going to rise >300% per six months for longer than.. well six months. It is sustainability we're talking about, not pump and dump stuff with certain coins that keeps their value.
Tell me about it.
You were lucky, and that sounds like a good thing to do with your earnings, but not everyone will be so lucky, and I don't think it is acceptable to propagate the idea that this will happen for everyone every time. Congrats on the returns.
I've been around a few times, twas a summerfag of '14. Summer to remember.
Definitely don't ignore a new asset class, but don't go in with everything you've got either.
An almost assured 3M beats a speculative 6M any day. Safety can be measured in dollars.
>I've been around a few times, twas a summerfag of '14. Summer to remember.
I got here about 10 years before that ()_() God help me
This
>buying million dollar rental properties 2-3 years before the next housing meltdown
>but I'm smart enough to know when I get lucky, unlike most of the kids on this board.
To an extent, but it's not so much luck anymore when a younger generation is shafted, a system is breaking, and the financial sector is turning to the idea of blockchain investing. Evaluating trends gives you better odds than luck. To call it luck or even a 50% gamble is not accurate. When you exit and come out okay is a matter of luck.
The opportunity cost is too great for me to invest in an IRA. I can't make it any more simple.
>An almost assured 3M beats a speculative 6M any day. Safety can be measured in dollars.
To an extent. But there's a better chance blockchain investing will double that 3M and much more profitable in the short term and possible long term. It's called trend forecasting. The ability to do it takes a specific mindset. At 3M over a lifetime, only enjoyed when your life is nearing, compared to the potential of a blockchain investment and its measured performance, I will take the latter at this moment. You can't ignore an uncorrelated asset type. What you observe now is not a guaranteed constant.
Why do you think that the only way you will enjoy life is with money?
Sure money makes things easy, and will enable you to do the things that make you happy, but if you live your life constantly chasing the idea that one day you will be happy, and if you can just make it to that next goal, then you'll be happy, i guarantee you will never be happy.
Enjoy your life on every step of the way, not just when you have money.
>Why do you think that the only way you will enjoy life is with money?
Nobody said that, but life is certainly more enjoyable when you don’t have to work. I feel sad for people who wagecuck for 50 years only to retire with a slightly-above-middle-class amount of wealth
Lol fuck off to your pseudo board. People here made more money last year than most of you stemfags ever will in your lifetime