/biz/ - Business & Finance

Haha look guys I'm fitting in

At the risk of sounding like an NPC, you really should be investing in your 401k if you can and especially so if you employers matches any amount of money. Most people won't invest in stocks or bonds but they can passively invest with their 401k. Again, not an NPC but it is a better and safer investment to invest in traditional stocks than to invest in a highly risky speculative asset like bitcoin.

>>11451590
Yeah and when you're 55 you might have have 50k

>>11451590
you should be unironically - and not hedging your bets with various investments and asset classes is really the main NPC move. Also take advantage of roth 401k's if you can (in 20 years what direction do you see taxes going).

>>11451600
that means you'd be a fucking retard - i have 110k at 29

Now expand that in terms of growth over the next 30 years + any additional contributions, and i should have over a couple mil without a ton of effort.

>>11451590
There's no reason not to diversify your money everywhere. With a simple rebalancing strategy you'd have made money last year to put into the stock market and made money this year to put back into crypto. If you work for a company that matches any 401k contribution you're just leaving money on the table.

>>11451606
Who gives a flying fuck about being wealthy in your old brittle age

>>11451617
it's not about being wealthy, it's about not having to wagecuck if you make it to that age.

have fun being a walmart greeter and living off ramen in a hovel at the age of 70 you low iq fucktard

>>11451631
Lmao I'll eat a bullet if I haven't made it by 30

>>11451635
now that's a strategy i can respect

>>11451600

i'm 25, been putting in 8% of paycheck for 2 years and get 8% match. I have over 25k in it.

>>11451648
yeah, the npc thing is going all in 401k and not investing in anything else. that's a solid amount young, but just make sure you're also picking up some different asset classes/investments outside of 401k. Or keep some money on the side ready to buy into the market once it tanks.

>>11451600
Average US Salary - 50k.
Average company match 3% on 6%.
After 30 years at 7% a year you have 455k.

>>11451661
Luckily I have a pretty broad amount of funds available in my 401k. But it really opens up with a Roth IRA since I can pretty much buy anything I want, including OTC.

>>11451631
cope

>>11451733
And after 30 years your meme currency as deprecated to retardo levels meanwhile owning 1 BTC in 30 years will make you rich.

>>11451606
You are definitely doing it right anon, don't forget you will have to pay tax on that as it's going in pre-tax.