/biz/ - Business & Finance

BRO !! JUST WAGESLAVE FOR 60 YEARS SO YOU CAN AFFORD THIS MCMANSION AND YOU CAN DIE IN IT 3 MONTHS AFTER

>just live in borderline poverty and invest into ETFs bro

>>18465248
thats all some companies offer, and its better to get a company match than nothing at all

>NOOOOOOOOOO YOU CANT JUST PUMP THE MARKET EARNINGS ARE DOWN 70% THERE IS A FUCKING PANDEMIC THE CURVE IS PARABOLIC YOU CANT JUST PRINT MONEY THE FED CANT CURE COVID-19 MR SHEKELBERG DOESNT PAY ME UNTIL NEXT WEEK I HAVE A DCA DEPOSIT SCHEDULED TO BUY MY FAVORITE VANGUARD ETFS ITS NOT FAIR I MISSED THE BOTTOM BECAUSE OF FACIST NAZI DRUMPF

>WE NEED BERNIE NOW MORE THAN EVER PLEASE TELL ME HE CAN STILL WIN LIE TO ME IF YOU HAVE TO IVE LOST ALL HOPE WE NEED TO END THE STOP MARKET OCCUPY WALLSTREET 2.0 WHO IS WITH ME

Vanguard ETFs are the bedrock of my portfolio.

>>18465412
This. biz doesn't like to make money so it makes sense they're so anti Vanguard

>>18465412
>>18465448
Enjoy your 6% CAGR and 0.35 sharpe ratio lmao. R*ddit sheep are truly the worst.

>>18465412
>>18465448

>>18465412
They all work McJobs and don't have 401k so they shitpost about the people who do.

Fidelity S&P 500 is almost half my net worth with the rest being individual stocks and cash.

Where are you supposed to put your money? I tried to deversify into a little bit of everything and it all shit the bed together. Is the only true way farmland? I dont have a stomach to be a farmer bros, living in the country is like modern Game of Thrones with rival family factions and shit.

>>18466058
Just buy land and make it a hay storage lot, easy money from what I’ve heard

>>18466058
Have strong hands.

>>18466058
Unless you're legit big money rich, just buy SPY. Anyone saying anything else is lying. You won't beat any ETF in terms of diversification.

>>18465929
Basically this. 401k funds suck ass, but tax benefits plus matching, so its basically the best default no matter what. Individual Roth and brokerage can do everything else.

Vanguard is where you put your gains from riskier things

>>18466181
>Unless you're legit big money rich
Assuming one has huge amounts of capital to invest, why not just park that money in SPY or VTSAX? The dividends alone could amount to hundred of thousands per year.

>>18466058
NTSX in taxable PSLDX in tax advantaged.

>just be happy with retiring at 60 rather than 65 bro
>stop trying to get rich and leave behind the wagecuck life bro
>just get a vasectomy bro

>>18465781
Whats the alternative ?

>>18466058
Chainlink you dumb fucker

>>18465929
You think I should open a Roth IRA? I already max out my 401(k).

Choose your Boomer Lord who's financial wisdom shall leaqd you to savation /biz/!

>Warren Buffet
>Dave Ramsey
>Mr. Money Mustache(30 year old boomer)

so buffet the billionaire is wrong? stocks going down is a very good thing for long term dollar cost averaging.

>>18466639
you do realize buffet recommends ETFs because he believes the average person is financially illiterate right?

are you financially illiterate?

>>18465248
Take the procreation pill. Pump out 9 kids, raise them like the military and force them to become successful, probability stands that 2 or 3 will take care of you when you're old AF and you don't have to give a shit about retirement planning, or you just anhero when you're 80 before a nursing home can suck out all your money. Better investment than putting your shekels in the 401kuck account

>>18466680
I am!
What do

>>18466488
quite based

>>18466510
It couldn't hurt.

>>18466510
>>>18465929
>You think I should open a Roth IRA? I already max out my 401(k).
Yes. I sell covered calls through my Roth IRA every week and would normally get hit with short term capital gains tax but don't because Roth. My 401(k) at my internship didn't allow me to invest in individual stocks just shitty mutual funds or an index fund with a .02 expense ratio and ridiculous maintenance fees. I paid $50 from summer until end of year in fucking maintenance fees for the least shitty index fund my internship offered. I think the fund was Northern Trust S&P 500 or some shit. My gains in my Roth 401(k) after fees was like 5 or 10% I forget. Gains in my Roth IRA however was 20%+ for the same period as I went all in 30/70 on Nvidia and Amazon.

>>18466680
>
A billionaire can park his money in an S&P fund and the dividends alone would be millions per year...best of all this requires absolutely no portfolio management, completely passive income, what is so financially illiterate about this?

>>18466852
Are you a billionaire?

What the FUCK do I hold? This shit is about to collapse but who knows when. Gold? TIPS? Cash?

Index funds are literally "buy high sell low" the strategy. i.e. not a strategy at all, it only works because the money number has always gone up.

>>18467290
By this logic the stock market itself is buying high because it keeps going up. The S&P is the gold standard for a reason.

May not be a large amount of money invested but I've got a great return. Vanguard ETF's have made me more money than /biz/'s shitty advice.

https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos

>>18466680
no, are you aware that buffet made a million dollar bet that nothing could beat the s & p and won? are you aware he'll leave his fortune in the s & p? are you aware the berkshire hathaway underperformed the s & p the last few years? ok you can get do well stock picking, but compounding the s & p is solid. there's no getting away from it.

>>18467434
>>18467434
all you had to do was buy LINK

>>18467434
what app/website is that?

>>18465548
Having an S&P 500 ETF as a big part of your portfolio will ensure consistent growth. Enjoy your fucking losses as you try to beat the market. Top kek. Every successful investor is wrong. Only you truly see the light, anon

>>18465781
OH NO NOT MY 401KERINOS

>>18465929
If you've got the capital and the know-how to sit through idiotically large drawdowns on significant amounts of money, then go for it, but everyday people should have an alternative approach, or avoid financial markets altogether.

>>18467481
>just buy mortgage backed securities, its literally free money

its coming for index funds >>18467457

>>18467923
It's hilarious. These retards think that having an S&P 500 Index fund in your portfolio means you can't also make riskier moves in the market. My 401k is all S&P because it's "safe", but it's not the ONLY investment I have. You can still buy all the shitcoins and penny stocks you like if you afford it. I'm just not gonna gamble on my retirement money.

>>18466268
This nigger knows

>>18468204
>safe
Despite low interest rates and despite massive amounts of buybacks, you still get events like what we've seen. The only way the SP500 makes new highs at this point in time is if federal reserve bond buying reaches levels of stupidity, and the fed are already moving on to buy out corporate debt.

And you might say "I don't give a shit, 401k go up", but it's going fuck you up in the long run.

>>18468313
If the S&P doesn't make a comeback then America is facing bigger problems, and I'll most likely be dead before I retire. If China usurps the US as top dog than nuclear war is guaranteed. I'm betting on America because I'm betting on survival.

>>18468746
Yeah well, some people don't want to think like a sheep.

>>18468835
Do you want a cookie for being so special?

>>18468861
I'm sorry if what I said struck a nerve, but if your attitude is "I win or die", then it's not me who apparently a fucking gambler, and I'm glad I don't want to think like that.

>just dollar cost average til age 75 bro
>never take risks bro

>>18468902
If your attitude isn't "win or die", you don't have a competitive bone in your body. Bitch.

>>18468980
It's alpha needing the fed to bailout your investments, right?

>>18468979
If you make 100k you can retire by 40 just by using the S&P 500, you don't need to bet all your retirement savings on chainshit exploding

>>18469010
It's alpha to win

>>18469010
Do you even have investments? What shitcoins are you holding that you're so concerned about my money? You're also dangerously ignorant of global politics if you think the US is just gonna peacefully give up its seat as the head of a global hegemony. We teeter closer to WWIII every day.

Not believing in the S&P 500 is a sign of a larger problems in politics and the economy. These problems will not be solved by your shitcoins. So again, what are you invested in that is so much better than the stock market right now?

>>18467872
Robinhood app.