/biz/ - Business & Finance

>>16492378
it's a dog eat dog world anon
who gives a fuck about your neighbors

>>16492401
I do, they are good people with good children, if I could warn them and possibly prevent them from fucking their lives up then if they don't, i will not lose sleep.
I know it's hard to comprehend, but I still have love for some.

>>16492408
>>16492378
Getting involved in the financial affairs of other people rarely goes well and is never a good idea. Best you can do is say you don't have faith in the financial system and you're looking at investing in metals. Even that is kinds dumb because you really shouldn't let anyone know you own physical metal.

>>16492378
The thought of someone with no 401k trying to convince me to convert mine to boomer metals is hilarious

>>16492378
>poking into your neighbor's personal finances because of the ramblings of an anonymous anime forum

>>16492496
dumbfuck normie boomers are in stocks/bonds
based boomers are in physical precious metals

>>16492513
If you're 55+ and your 401k isn't already mostly bonds than you're a retard anyway.

>>16492481
Fair enough, that's why I made a thread instead of talking to them about it first.

>>16492378
>I don't have a 401k, but I think my neighbors do, and I'd like tl try and warn them
i doubt they want their neighbor's disabled kid giving them financial advice

>>16492508
For all I know they could already have done it, I'm just concerned for their kids. Of course most of you would not know what it is like to grow up poor, it is a living hell.

>>16492530
It's more along the lines of free will guilt replacement, kind of like the elites do through predictive programming, if I get rich and they lose their house all I will say is told you so.

>>16492522
>mostly bonds
I hope not, I really feel bad for the older folks tricked into this scam

>>16492522

Just explain to them that the jews used Babylonian money magick to rip the gold and silver from the US money supply which in turn took the entire world off of gold and silver as money and that we are living in the beast system.
That and white western Europeans are the biblical Israelites and Hebrews of the bible which are different than the jews.

>>16492531
Get your own family to be concerned about. Don't meddle with the financial affairs of others. You can only lead by example and the fact that you don't even have your own 401k is very telling.

also show them this video
https://www.bitchute.com/video/tvJKmwdvFl2N/

>>16492574
Very standoffish comment there kike.
Me and my neighbors are Christians, Jesus said to love your neighbor like you would love yourself, so if I were my neighbors I would appreciate a heads up.

>>16492378
How will someone with a 401k get "fucked out of their money"?
Be specific in terms of how, how much, and over what time period.

>>16492831
Similar to 2008, but you already knew that though moishe.

>>16492513
>fucking boomers retiring early with massive 401ks while the rest of us wagecuck til we're 80 and then drop dead!
>401ks are a boomer scam! Don't throw your money away on one!
the state of /biz/

Lmao imagine such a boomer.

>>16492378
How does this work, it's unironically the only reason I would do the 401k meme. But I'm guessing you still can't redeem until you are in your 60's? Which is a long time to have something stored outside of your control/supervision. I assume you aren't allowed to store it yourself because it has to be proven that it isn't being spent, right? If you were a believer in metals mooning hard in the next 10-15 years could you just take out earlier than your 60's and pay a penalty? Or use them as collateral for a loan at their new valuation?

> it's a dog eats dof world!
> fuck you got mine!
> don't worry about others!
> duuurrrrr
This is why the world is in the state it is in, this is why the world is infected with degeneraacy at every corner.
America will soon suffer under a bolshevik revolution and it's just fucking sad. But hey at least we have vidya and other goy shit to preoccupy ourselves with!

>>16492901
I'm not sure, but I heard you can do it without being penalized or taxed.

>>16492856
I wont touch my 401k for another 15 years.
If 2008 happens again what do I care? Only fools who panicked and sold lost anything. Those who stayed the course are wealthy now.
I wish I started investing a 401k in 2008. I'd have triple my money now.

>>16492959
Yes because the fed has been pumping that shit, they can't do it forever.

>>16492959
Okay but it won't be 2008 again, it'll be 1929

>>16492969
In 15 years from now is the Dow more likely to be 40,000 or 6000?

>>16492901
Putting gold in your 401k is retarded if you aren't already old. The point of retirement savings is for them to grow exponentially as you earn more and contribute more in your later years. The continued growth of the stock is also the main reason people expect to have million dollars 401ks at 65. If you're invested in gold from the jump then you are effectively limiting yourself to a savings account that matches inflation rather than an investment account that beats it by 5%-10% every year.


Converting your wealth to gold at a later age is sensible to solidify it, but it still means you're going to be eating away at principal in retirement rather than using interest and dividends.

>>16492974
I'm gonna need proof before I sell off my $300k portfolio which has been averaging +10% per year and metals that may or may not even beat inflation.

>>16493008
40,000. but what will the USD be worth?

>>16493011
Yeah but you're arguing with broke idiots who are convinced the stock market will crash and never recover.
Then they think they will live out their fantasy of being the rich warlord of the cul de sac and all the neighborhood women will want them because they are rich with a few ounces of gold.

>>16493073
It's either 0 or 100 with you people and it's ridiculous as hell. No one claims it will be the apocalypse, just going to be a financial crises, mass homelessness and other problems that come with it.

>>16492785
Ain't a kike. Loving your neighbor doesnt mean handing out unsolicited financial advice. This will only breed resentment. Especially financial advice from some who doesnt evem have a 401k! Lmao.

>>16493039
So it the USD drops sharply in value, I should take my money out of the only vehicle that beats inflation and buy gold?

>>16493102
>just going to be a financial crises, mass homelessness and other problems that come with it.


This is already the current situation. If you consider most renters and people who live with their parents above the age of 25 to be homeless (as in not homeowners). People aren't doing that shit because they prefer it, it's because much like a homeless person, they can't afford to buy a house.

>>16493102
I own my own house (no mortgage) and have substantial savings to get me through a financial crisis.
Why should I convert my 401k from stocks to gold?

>>16493117
Well you obviously don't do it in such a condescending manner, I will just prod at what they think and know about the current economic policies of the west. I don't care if they wouldn't want to hear it, they certainly wouldn't want to lose their money, this is a fact.

>>16493146
Guess you will be fine then, for most people this is not the case. I'm not worried about you.

>>16493133
Well yeah. But when they all officially lose their jobs to mass layoffs etc.. then it will be cemented.

>>16492378
boomer alchemy

>>16493156
bUt WAT aB0ut 2oo8!?????

>>16493178
Ok boomer.

>>16493181
I'm sorry you hate money.
Maybe you should get some sometime and you might change your opinion of it.

>>16493199
I can assure you I have more than you did at my age.
And I busted my ass and studied hard to make the right investments to get it. Seethe harder boomer.

>>16493221
I doubt it.
Tell us about these investments. Be specific.

>>16493246
All in LINK since .18 cents.

>>16493073
sorry bro, jewish fiat money and the traitors who perpetuated that system are going away soon

>>16493262
When will that happen?
How will that happen?
Be specific.

>>16493178
>>16493187
To be fair, it does seem like a market correction is due to happen soon based on past trends.

>>16493459
So what?
If you need your money now or next the few years it shouldn't be in the stock market.
If it does correct I get to buy even more shares every month.
Buying cheap tomatoes is better than buying expensive ones.

>>16493295
>When will that happen?
likely within the next 10 years
>How will that happen?
it will be similar to the rise of Hitler and the Germans when they kicked out the jew bankers

>>16492378
What's up with you goldfags? You've been screeching about how the dollar is going to collapse along with the economy any day now, and how gold is the only good investment (for some reason ignoring stocks and bonds) since at least 2008. It's so incredible. Whenever the stock market is doing well, you say "This is proof that we're at the top of a bubble. Sell everything and buy gold!" Then, when the market naturally does poorly, you scream about how you were right about prediction a recession "soon" despite the fact that you've been talking about there being a recession "soon" since your 5th birthday.

We had trillions of dollars of QE and deficit spending. Zero inflation came from it. Why do you think everything is going to implode into mad max now?

>>16493637
So you're just typing out whatever fantasy is running around in your brain.
Sorry, I'm not selling off my portfolio based your apeshit prediction.

>>16493668
b..b..but its different this time!

>>16493702
Did you even read what he posted you senile old mother fucker?

>>16493702
>>16493708
greentext your life history please

>>16493756
He posted that the fiat money system will be going away within the next 10 years because hitler is coming back and killing all the bad people.

>>16493813
>Watch the stock market grow for the last 40 years
>wished I got on board soon than I did
>read this thread and lol @ you faggots saying I'll lose my money if don't sell all stocks and buy gold

>>16493847
>watch the stock market "grow" for 40 years
>gets greedy
>buys the top
/biz/ boomers really aren't very smart

>>16493847
forgot one:
>listen to doomers constantly predict that the market is about to crash and the only thing that will save you is gold

>>16493975
>thinks we're at the top
>>16493975
>we're at the top
javascript:quote('16493178');

>>16493997
If you buy at the top you'll be rich.
I wish I bought at the last top in 2008. I'd have double the money
https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/

Today I will remind them.
>look into gold to diversity portfolio
>most places sell you "gold certificates"
>real good has around 10% premium, shipping and insurance extra of course
>once your gold arrives you have to make sure it isn't actually gold played tungsten
>years later try to get rid of it
>wholesale buyers only offer 95% current market rate
>I'm sorry to be inform you Mr Goy, the gold bars you sent us were actually made of tungsten!!
>no, sorry we cannot send them back to you as they are already on their way to Isra... er... the disposal facility! That's right!
>Thank you for understanding Mr Goy.

>>16493832
Well he is not wrong.

>>16494045
That's not how it works.

>>16492933
Uh.. that's not how a 401k works, no matter the backing.

No one fucking knows where the economy is going. Any of you fags that are the most confident are the most retarded. There are a number of variables at play, but imo i wouldn’t bet on the stock market to keep going strong. Maybe I’m wrong. No one knows

OPs question is simple: how do you turn your 401k to precious metals ? Any of you goldfags know how to do this, please do tell. I’m interested in jumping ship.

>>16493221
lmao no you don't, you're poor and dumb which is clear from your comments here. Kill yourself retard

>>16493011
>>16493073
Some of us already made more than the entire life of your 401k in just the past few years with crypto. If there is a tax advantageous way to turn current income streams into precious metals as a hedge against the rest of our holdings using a 401k we're interested in knowing how that works. Never said anything about a doomer crash but I do believe the paradigm that held for the past century is shifting.

>>16494437
Based and on-topicpilled

>>16494677
>lmao no you don't, you're poor and dumb which is clear from your comments here. Kill yourself retard

>>16494372
Well then how does it work?

>>16492408
best case scenario:
they listen and you all make loads of money

worst case scenario 1:
they ignore you, and you make loads of money, now they hate you and know you made loads of money

worst case scenario 2:
you both lose loads of money.
now they hate you, and you lost loads of money.