tfw you check on your account
It's over for me, I'm never doing crypto and stocks
Tfw you check on your account
check on my silver and gold stack
it's still there
smol price movement on silver
gold doing better
Get on the PM train fren :)
Misery loves company right boomer ?
don't forget the forklift to carry your bags
Stay poor. Not my problem.
RTindia
Always chuckles me when I see magats defending RT when they browns they hate so much love the thing because it's nothing but "America bad" anywhere not in the USA.
Meant for OP Sorry richbro
buy the top
Kek metal bugs are no better than Jews
lol
I put $100k into crypto and $100k into an index fund
my 100k in crypto went down to near 0
my 100k in index funds is like $180k now
maybe the "play it safe" normies were right
index funds are boring and slow but they do work over time. niggers here on biz acting like they need to get rich fast within the next 2-3 years so they can start "living" their life all while betting their blue collar salaries on random shit coins they dont understand.
top
Silver is dirt cheap right now. It's nowhere near the top.
Almost everyone I talk to that isn't financially literate wants to make 10-20% annually.
And the less financially literate you are the more likely you are to fall to these crypto rugpulls and other "investments" that are highly likely to blow up in your face down the road.
I remember talking to a guy about some crypto site, it was clear this wasn't an exchange but instead a ponzi scheme promising returns that were too good to be true.
You know what this guy told me, he said he knew it was a scam but he would exit it (after making some money) before the thing collapsed. Sure buddy.
Even my dad said something along the lines of "[7-10%] is not enough"
It is very hard to convince people about saving today for something 30+ years into the future.
All these schemes thrive on people that are not financially literate, like who would fall for a ponzi scheme promising to turn 1K into 250K, and also poor people that see these as a way out of their situation, same reason low incomes buy more lotto tickets then any other group.
All these schemes thrive on people that are not financially literate
I wouldnt say its all literacy
For me its impatience and just wanting it sooner rather than later
I fully knew getting into it that the odds of that succeeding was extremely low, but i wanted to take the chance, if winning meant saving decades of % gains in a few months/few years
a few coworkers and I recently talked about investing and retirement. I told them how much my boring index fund made last year (half of their yearly salary) so they got all interested real fast. They downloaded the app, made an account etc. just to realize that they would only make like 100$ per year at best because they dont have any money to begin with. They havent spoken about the topic since then. I told them that they will regret it in 10 years if they dont start now but they would rather buy the newest samsung smart watch or whatever. Its amazing how fast they can block out their problems. I sometimes believe they dont think ahead more than just a few weeks or months. They all just live in the moment and they cant imagine how their life will look like in 5-10 years.
I fully knew getting into it that the odds of that succeeding was extremely low, but i wanted to take the chance, if winning meant saving decades of % gains in a few months/few years
The chance if failure is normally higher than your payout and is almost entirely dependant on luck
Eg, you have a 1 in 100 chance to 90x your money.
The average person would put in $100 x 100 = 10K to win back 9k in money
Yeah a person might win on the 2nd or 20th time, but the average win rate will be 1:100
This is exactly what happens with parlays for sports betting right now, the parlay odds are worse than the payoff amount.
The house wins every time and you have an expected negative EV.
Part of financial competence is being able to forgo consumption today so that in the future you have more money.
No one would call parlay degens trying to 500x their money with 1:600 odds as making a smart move trying to save decades of saving, they are just making betting companies, or lotto companies rich.
Those kinds of people have much better lives than we do though. Lets be honest.
The difference is they can just enjoy life in the moment and not worry too much
Where as we end up stressing and autistically strategizing our entire life decades in advance
I get this too, I try to use dividend paying ETFs/stocks (while explaining the risks) to get their hamster wheel going.
5% yield on $100 is not a lot, but I tell them if they can save up $100 a week and put it into the stock/etf after a few years they might be looking at 20K and now that 5% yield is $1,000 and it lights up their eyes.
They know they can save up 10-50K in a few years, they make decent money.
I also know that dividend investing isn't the optimum strategy but if thats what it takes for them to get started investing its better than doing nothing.
No, not all of us stress.
People on here stress, but the index fund/boglehead/buffet investor just sticks to the plan and keeps calm.
What tf did you invest in. Why wouldn't you put 100k into BTC? BTC has been legitimized by the US government, it's not going to 0 any time soon. The only actual danger of BTC nowadays is a anti-crypto goverment in charge of the US and them dumping their BTC stockpile.
I treat index funds as a place to secure my gains. I take profit after a crypto bullrun and shove it into global index funds and it's worked well, so far.
yes you will be my exit liquidity, and you will like it
the index fund was already the safe play
i wanted to be on the ultra extreme other end of the risk spectrum from the index fund, which was shitcoins
at this point bitcoin is not much better than an index fund
at this point BTC is not much better than an index fund
BTC up 40% in last 6 months
BTC up 47% in last year
BTC up 950% in last 5 years
mfw
While we're at it, do you have any etf in mind that somewhat safe, with a 3-4% yield or so that you could recommend? I'm trying to eventually start racking up dividends after I manage to put some more money in (I'm dirt poor).
Not him but VOO (S&P 500) and VTI (total stock market) are pretty popular. VOO is the more safe one and VTIs exposure to smaller cap market makes it a little more volatile but has more growth potential. VTI is still mostly S&P 500 so they tend to track pretty closely though.
Thanks! I'll consider those when I eventually manage to put together some cash
My bad I just skimmed and didn't notice you just wanted dividends. In that case pretty much everyone recommends SCHD. Keep in mind dividends are taxed which is why I'd recommend just sitting on VOO or VTI.
It was 69.5k in 4 years ago, it is 94k today
Has to take pre COVID peak to make his disingenuous argument.
Kek, the S&P 500 was 4766.18 four years ago, it's now 5,525.21
Keep in mind, this is *not* the optimum strategy, I only talk about dividends as a foot in the door way of getting people interested in investing.
You would be better off going with SP500 index and selling some shares as needed, and if you do go the dividend route any dividends you don't re-invest will negatively impact your returns.
If you had 100K and the SP500 after 2 years values your port at 130K with 1% dividend that is better than 100K into VIG and turning it into 125K with a 3% dividend
Ahhh im sorry, i guess only youre are allowed to nitpick your dates for comparing % increases
nitpick dates
6mo, 1yr, 5yr are all standard on every chart. What ever, you lost 100k on a memecoin that went to 0, there is no point arguing with you because you've already admitted to being literal sub 90 IQ retarded.
I was actually up over 1M on the memecoin i bought, i just round-tripped it back down and then it literally went to 0
so technically it did work out, its just that i failed to sell it before it died and everyone moved on
Kek, that’s why you should stop chasing memes and focus on utility tokens like Peaq, SLC, and FET. Wake up, retard.
What app would you recommend?
It ain’t over, lady. You can farm rewards on TG mini app games like Boinkers and Blumm without spending a single penny.
Before you quit it all, you should check out Boinkers. It’s not your usual crypto, it’s pure chaos and fun, blending games, memes, and rewards in a way that actually makes it entertaining again.
What would happen to your portfolio in case of a lost decade like what happened in Japan?
Mistake #1 though is thinking dropping 50 or 100 into your index fund each month is going to mean anything, even in 30 years time.
I have normie acquaintances who do just this, they earn shit of fuck all working in a supermarket or something then fell for youtubers who tell them it doesn't matter how much you put in just put something into index funds/ETFs.
They are under the illusion it will snowball into something meaningful and just ignore you or think you are just shitting on them when you run the numbers for them and they see it might snowball into a holiday or 2nd hand car when they are 60 lmao.
Focus on your income first, investing second.
Very true, the best investment you can ever make is in yourself and increasing your salary. But $100/month isn't too bad. It's kind of shit, but not worthless, youll still have like 200k after 30 years.
Shitcoiners get the rope
Every time
Better to put 50 or 100 in to an etf each month than 0 in to an etf each month. The average APY for a savings account in the US is less than half a percent. Even most HYSA are under 4%. Pretty much a guarantee an etf would do better than that.
Silver is the stupidest way to hold money in. You lost a fortune because of it.
The internet existing yet you remain retarded .
The concept of having better income is true . But even 100 invested every pay check could return 250k .
It's an undervalued asset. But stay poor, not my problem.
It is not an asset because the price isn't changing at all. You lost money and now you are coping. I am not poor, because I am not retarded like you. Just put your silver money into bonds and you will stop losing money. It is that easy. Or cope some more and prove me right.