If you have been invested in just the NASDAQ for the last three years, you have made 101% | |
SaveApu User ID: 80216743 United States 01/01/2022 01:28 PM Report Abusive Post Report Copyright Violation | more than 50% of Americans don't have 400 bucks in their saving accounts Quoting: Anonymous Coward 80835338 and you're talking about stock market you're fucking delusional more than 50?! this includes children or something? Nope, there are just a lot of ignorant poor people who rent, and carry around $2k cells phones with a $1,200/yr plan. |
Anonymous Coward User ID: 80014572 Netherlands 01/01/2022 01:30 PM Report Abusive Post Report Copyright Violation | |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:32 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77544843 Iceland 01/01/2022 01:33 PM Report Abusive Post Report Copyright Violation | more than 50% of Americans don't have 400 bucks in their saving accounts Quoting: Anonymous Coward 80835338 and you're talking about stock market you're fucking delusional more than 50?! this includes children or something? Nope, there are just a lot of ignorant poor people who rent, and carry around $2k cells phones with a $1,200/yr plan. Jan 12, 2017 Nearly six in 10 Americans don't have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate. Only 41% of adults reported having enough in their ... and that was even before this plandemic |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:33 PM Report Abusive Post Report Copyright Violation | |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:34 PM Report Abusive Post Report Copyright Violation | And your wife and daughter will be sucking my cock for them because you don't have squat to offer... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 77544843 Iceland 01/01/2022 01:34 PM Report Abusive Post Report Copyright Violation | |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:35 PM Report Abusive Post Report Copyright Violation | The key is to produce enough income, live way below your means, take a sizeable chunk of cash that is saved and put it to work in investments. Take a small portion and put it in saving as an emergency fund/cover living expenses so you're not forced to worry about your investments. At a certain point you're going to start earning more money from your investments rather than your job. Quoting: Anonymous Coward 77098490 What the bottom 80% do is this. Their job is their main, usually only, source of income. It is the worst taxed form of income. They do not invest the money, they spend and consume. They have zero emergency fund. Inflation only affects the low and middle class because paychecks don't magically go up to beat inflation. Investments, however, can significantly offset any loss in purchasing power. Very good, but don't forget to build a taxable account as well as a 401k or IRA... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 77544843 Iceland 01/01/2022 01:36 PM Report Abusive Post Report Copyright Violation | And your wife and daughter will be sucking my cock for them because you don't have squat to offer... what will you do with all your stocks and money when the dollar crashes bet that you'll be the one sucking dicks for cans |
Adragon User ID: 81716449 Israel 01/01/2022 01:37 PM Report Abusive Post Report Copyright Violation | Look at these three charts, if you need proof, and average the three big indices: Quoting: BRIEF DOW for 2019-2021= 22.3 + 18.9 + 7.2 = 16.13% S&P 500 2019-2021= 28.9 + 26.9 + 16.3 = 24.03% NASDAQ 2019-2021= 35.2 + 43.6 + 22.3 = 101.1% 2019-2021= 141.43% average = 47.23% If anyone wishes to double check me, feel free... So I would like to once again introduce my theory of, for lack of a better term, the "Do something Syndrome" Basically, my theory has proven correct and effective. In the face of uncertainty in life, and here we are discussing economic uncertainty, people have the kneejerk reaction to "DO SOMETHING". I have proven to myself over the course of 30+ years of investing, that the best strategy is to DO NOTHING... If you pulled out of the market in the last three years, you lost out! Investing is for the long term with the goal of never cashing out...You only take distributions, and let your portfolio grow into a monster!! If you pull your money out of the market trying to time the prevention of a loss and then time the gains, to put the funds back in, you are not an investor...A gambler, but not an investor... If you began the pandemic with 100k, you would have more than doubled your money 200k+ (being very conservative) However, if you missed out on 10 of the largest days of growth in that time period, we calculated you would have lost $35,000, and have $165,000 remaining... Remember, investing is making a loan, not "Here's a few grand, now give it back and hope some money sticks to it" LOL That is not an investment strategy, unless poverty is your goal... Many of you have asked me to make an investment/money thread, so here you go, ask away... [link to www.macrotrends.net (secure)] [link to www.macrotrends.net (secure)] [link to www.macrotrends.net (secure)] Your math is right, but where are higher costs of life inflation and all the B.S. No money made really all air. Oh and just wait a few weeks if you haven't take your money out of the stock market Scooky |
Anonymous Coward User ID: 71065278 United States 01/01/2022 01:41 PM Report Abusive Post Report Copyright Violation | |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:47 PM Report Abusive Post Report Copyright Violation | Brief, one honest question Quoting: Anonymous Coward 80835338 what was your initial, largest investment and when?! how long did it take you to earn your first million and how much have you or are you investing monthly, that's the most important question At 16 I put together a whole life policy with a growth rider, that I paid 73.11/month until it became worth $10,000 I already had some investments like CD's and a couple of random mutual funds...Only a few thousand in the market at that point...Remember 16 fucking years old! The trick with that policy is people used to make huge amounts of money with the insurance rider, and it is called an endowment contract...That's what I created at 16! But, to prevent it from becoming a MEC Modified Endowment Contract and subject to taxes, I had to calculate carefully how it would grow...This is how I taught myself the ways to calculate market growth over time = The Time Value of Money I started very young, you don't want to know how quickly I built wealth, I'm an anomaly... It's ideal to set up an ACH Automatic Clearing House with your broker and brokerage account...By buying monthly, you take advantages of the dips... My Initial largest investment is not the largest check i ever handed my broker... I think you are asking what is the single largest deposit I have made? I sold my business in 2018 and retired...Every cent when to my broker to go on a buying spree... Last Edited by BRIEF on 01/01/2022 01:49 PM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Vafþrúðnir User ID: 81704688 United States 01/01/2022 01:47 PM Report Abusive Post Report Copyright Violation | the greater the national debt is Quoting: Anonymous Coward 80835338 the greener the stock market is the ponzi scheme You are uneducated and I can fix that. A Ponzi scheme is built on nothing, a house of cards because there's no assets to give value to it... A stock is actual ownership of a piece of that company. You get voting rights...They send you a yearly prospectus...Make them send paper not a link... Understand? Are you trying to actively deny that this current 'market' is supported at these insane valuation ratios by anything other than an 'Infinite Debt to Infinity' monetary policy, otherwise known as 'MMT'? The impossible math required to support the notion of an infinite 'Infinite Debt to Infinity' monetary policy mysteriously quiets every single self proclaimed sell-side 'genius' on the planet. |
Anonymous Coward User ID: 77098490 United States 01/01/2022 01:48 PM Report Abusive Post Report Copyright Violation | The key is to produce enough income, live way below your means, take a sizeable chunk of cash that is saved and put it to work in investments. Take a small portion and put it in saving as an emergency fund/cover living expenses so you're not forced to worry about your investments. At a certain point you're going to start earning more money from your investments rather than your job. Quoting: Anonymous Coward 77098490 What the bottom 80% do is this. Their job is their main, usually only, source of income. It is the worst taxed form of income. They do not invest the money, they spend and consume. They have zero emergency fund. Inflation only affects the low and middle class because paychecks don't magically go up to beat inflation. Investments, however, can significantly offset any loss in purchasing power. Very good, but don't forget to build a taxable account as well as a 401k or IRA... Mutual funds/ETFs for the 401k/IRA that I never touch and I have TD Ameritrade, webull, and tastyworks for my trading. I made a little over $500,000 this year in just the trading accounts, $80,000 in the passive stuff thanks mostly due to tech stocks. I forgot to add I have zero debt of any kind, everything paid in full. Most Americans are completely saddled with debt (slavery), mortgages, car note, student loans, credit cards, etc. THAT money that could be going into investments to produce returns and allow your money to make money for you, is instead being diverted into paying debt/interest. Most people worry too much about paying their debt, and most don't even think about investing...which if done right, could be the "lottery ticket" to completely getting rid of all debt lol. |
Anonymous Coward User ID: 75965438 United States 01/01/2022 01:50 PM Report Abusive Post Report Copyright Violation | The government is injecting cash for assets... Why do banks get this cash? How can a bank loan 1/2 a million dollars at 2% interest? The FED subsidizes the loan... The government subsidizes millions of products and services... from corn to ghetto housing to loans When was the last time you did a day’s honest work? Did your inheritance run out and you can’t afford 19 year olds anymore? Did you turn to dick? So many questions. |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:55 PM Report Abusive Post Report Copyright Violation | the greater the national debt is Quoting: Anonymous Coward 80835338 the greener the stock market is the ponzi scheme You are uneducated and I can fix that. A Ponzi scheme is built on nothing, a house of cards because there's no assets to give value to it... A stock is actual ownership of a piece of that company. You get voting rights...They send you a yearly prospectus...Make them send paper not a link... Understand? Are you trying to actively deny that this current 'market' is supported at these insane valuation ratios by anything other than an 'Infinite Debt to Infinity' monetary policy, otherwise known as 'MMT'? I'm not in the habit of answering questions poised like a damn lawyer... Deny? What I will educate you on is the fact that we have more wealth than we can spend...While we do have a labor and manufacturing shortage, the resources are there... We have quadrillions of dollars worth of resources... Money should not be made scarce...Like a stock is a brock of a store, a dollar is a guarantee of a predetermined value, based on credit, but that credit is backed up by Quadrillions of dollars of resources...Imagine if we were in debt enough with China that they reposed America?? We would have to borrow its worth!! Quadrillions!! I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:56 PM Report Abusive Post Report Copyright Violation | |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 01:57 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 81692905 United States 01/01/2022 02:00 PM Report Abusive Post Report Copyright Violation | The key is to produce enough income, live way below your means, take a sizeable chunk of cash that is saved and put it to work in investments. Take a small portion and put it in saving as an emergency fund/cover living expenses so you're not forced to worry about your investments. At a certain point you're going to start earning more money from your investments rather than your job. Quoting: Anonymous Coward 77098490 What the bottom 80% do is this. Their job is their main, usually only, source of income. It is the worst taxed form of income. They do not invest the money, they spend and consume. They have zero emergency fund. Inflation only affects the low and middle class because paychecks don't magically go up to beat inflation. Investments, however, can significantly offset any loss in purchasing power. Very good, but don't forget to build a taxable account as well as a 401k or IRA... Mutual funds/ETFs for the 401k/IRA that I never touch and I have TD Ameritrade, webull, and tastyworks for my trading. I made a little over $500,000 this year in just the trading accounts, $80,000 in the passive stuff thanks mostly due to tech stocks. i don't get seriously how people can earn so much money in one financial year you truly must have lots of money invested that you get those returns, no other logic like 10% return on a 5 million dollar investment |
Anonymous Coward User ID: 71065278 United States 01/01/2022 02:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 81692905 United States 01/01/2022 02:01 PM Report Abusive Post Report Copyright Violation | |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 02:04 PM Report Abusive Post Report Copyright Violation | The government is injecting cash for assets... Why do banks get this cash? How can a bank loan 1/2 a million dollars at 2% interest? The FED subsidizes the loan... The government subsidizes millions of products and services... from corn to ghetto housing to loans When was the last time you did a day’s honest work? Did your inheritance run out and you can’t afford 19 year olds anymore? Did you turn to dick? So many questions. I have never gotten a penny from my parents or anyone else...I bought the business for $1.2 million and benefits and perks... I began flat broke, but I changed that by cutting grass and getting a double paper route at 10 years old. An honest day's work will need some defining. Here's my weekly routine: Being Winter I make sure there's enough wood chopped for the day. I chop a few days worth because I have limited time to get it done. Three days a week I visit and babysit my grandkids...The babies can't do much, but the two, five, and almost 6 year olds have plenty of energy... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Undestroyer Truth User ID: 81433187 United States 01/01/2022 02:04 PM Report Abusive Post Report Copyright Violation | you make a good point or 5 op, but the last 2 years of profits are largely brought on by gov corporate corruption. you are being paid off with dirty fake money and when the fake money stops being useful that will just be changed. sure maybe they keep kickibg the can down the road during our lifetimes but we will likely see the result of this centalized control system that unless you are divested into your own mechanisms and systems you will be dependent on it in the end. You cannot destroy my vision when you see my vision undestroyed because I am just an undestroyer. Thread: Food Combining Made Easy by Herbert Shelton a progenitor from the Natural Hygienist Movement "I am a hunter of peace, one who chases the elusive mayfly of love... errr something like that." -Vash the Stampede |
Vafþrúðnir User ID: 81704688 United States 01/01/2022 02:08 PM Report Abusive Post Report Copyright Violation | So, if I understand you correctly, your defense for the current Infinite Debt to Infinity monetary policy is that, in your opinion, there are viable tangible resources and assets ... somewhere out there ... somewhere ... that all currently printed debt and debt based 'assets' are based on? And these as yet 'invisible' resources will last into infinity? And this is all a 'fact'? Can we see these 'facts'? I'm not sure you fully grasp what 'education' means, but The Simple Math doesn't care whether you understand it or not. Last Edited by Vafþrúðnir on 01/01/2022 02:09 PM |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 02:10 PM Report Abusive Post Report Copyright Violation | I just got my bicycle out of the shop, $315 lol because my 5 year old grand son and I ride everywhere...We ride the skate parks, and yes I do jumps lol like a dumb 47 year old kid... I have membership at the YMCA so we can swim on bad weather days... I do some housework too... Does that qualify as an honest days work? Even though i don't get paid and it always costs me an ice cream or snack after swimming and biking especially... Oh, and I am taking my granbdson to swim lessons starting the 4th...i have taught him to swim, but he has to complete the porogram to get the special necklace (pass) for the water slides... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 77098490 United States 01/01/2022 02:12 PM Report Abusive Post Report Copyright Violation | The key is to produce enough income, live way below your means, take a sizeable chunk of cash that is saved and put it to work in investments. Take a small portion and put it in saving as an emergency fund/cover living expenses so you're not forced to worry about your investments. At a certain point you're going to start earning more money from your investments rather than your job. Quoting: Anonymous Coward 77098490 What the bottom 80% do is this. Their job is their main, usually only, source of income. It is the worst taxed form of income. They do not invest the money, they spend and consume. They have zero emergency fund. Inflation only affects the low and middle class because paychecks don't magically go up to beat inflation. Investments, however, can significantly offset any loss in purchasing power. Very good, but don't forget to build a taxable account as well as a 401k or IRA... Mutual funds/ETFs for the 401k/IRA that I never touch and I have TD Ameritrade, webull, and tastyworks for my trading. I made a little over $500,000 this year in just the trading accounts, $80,000 in the passive stuff thanks mostly due to tech stocks. i don't get seriously how people can earn so much money in one financial year you truly must have lots of money invested that you get those returns, no other logic like 10% return on a 5 million dollar investment 2021 changed my life. I'm the guy that made 704% for the year. That is NOT normal. But going forward, it will be extremely important for me to KEEP it and not lose it. Now with a huge chunk of cash, I'll hopefully in 2022 get into the millions. I'm in my early 30s, and one year has made a totally life-altering change in how I view money/investing, and I took lots of risks. I don't have to shoot for the stars to try to make 700% again, I would be totally fine with smaller returns and taking less risk. |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 02:12 PM Report Abusive Post Report Copyright Violation | It will be when you begin to comprehend what I am revealing to you... I am giving you the time tested and proven method of wealth building... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF (OP) User ID: 79662918 United States 01/01/2022 02:13 PM Report Abusive Post Report Copyright Violation | How much have you made? I keep hearing 5000% but if you don't put your money where your mouth is, I can just show you the door. I ALWAYS put my money where my mouth is. Last Edited by BRIEF on 01/01/2022 02:14 PM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 80929212 Netherlands 01/01/2022 02:16 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76766798 United States 01/01/2022 02:17 PM Report Abusive Post Report Copyright Violation | OP thanks for this thread. Very helpful info. I bought a bunch of quality crypto. Now I want to focus back on my retirement account and a side brokerage account. You're right the Nasdaq has been a machine! I am thinking of loading up specifically on shares of Tesla. |