/biz/ - Business & Finance

Boomer tier investor here. I am all in on broad market index funds with a 40% savings rate. I'm worried though that I am too risky and should diversify a bit. Any recommendations?

>>15120276
I never understood this recommendation. It's an investment book, not a personal finance book. It also doesn't work anymore because central banks have inflated any value stocks out of existence.

I just read this book.

What did I think of it?

Discuss

Hi /biz/! I'm what you kids call a "boomer." What that means is that I have common sense when it comes to money! Ha! I came here to teach you guys about finance and investing, and to answer your questions.

Enough of this silly gambling on "bit coins." Let's talk about the beauty of compound interest. Did you know that if your company has a 401(k) program that they can give you matching contributions?

I know some people think it's boring or "not cool" to be saving for retirement, but building your nest egg is lit!

What do you guys want to know about making money?

>>10140543
>Food, Rent, Utilities
>Internet Home, Internet Phone
>Haircut (x2), Transport
>Fitness with pool, Debit Card MC + Visa
>Mobile Phone, Vitamins
>G Suite, Hosting, Domain, VPN
~700 usd/mo here. after all expenses i'm pocketing around 70k/year, but i only started working a year ago. also my country's currency is weak and the govt is shorting it, so i would only benefit since i get payed in USD. one of my hobbies is being frugal is fuck - clothes-wise i look like a bum, can wear dirty clothes and not shave just to fuck with normies. damn it feels good to be a future millionaire. also thinking about moving back to my home to save 300$/mo on rent but not sure yet.

>>3334787
Read this book, should teach you how to conduct yourself when wealthly

>>3313284
Congratz on not falling for the meme, suggesting maybe you have a read of this book. I personally haven't gotten around to reading it but.

Better to be actully wealthy then look wealthy

>>3222647
>An important consideration most people don't recognize is the difference between looking wealthy and being wealthy.
pic related, this is true

I have a cousin who is a self-made millionaire and he wears a tee with shitty jeans and a baseball cap every day to his office.

>>1294556
I would suggest you read The Millionaire Next Door, it is a bit more dry and more complex but The Millionaire Next Door solutions are more viable.

Finished reading this book. What should I read now? "Millionaire Mind" and "Stop Acting like a Millionaire"?(Stanley's other books)