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/biz/ - Business & Finance

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11447681 No.11447681 [Reply] [Original]

>Tell my Dad to think about starting to sell stocks two weeks ago
>Get a blank stare and generic response
>Tell my mom same thing
>Looks stressed and gives a blank stare

What did they mean by this. Is it hard for boomers to part ways with their stocks they bought 30 years ago?

>> No.11447705

>>11447681
Same here. Our crypto gains will bail them out

>> No.11447721

sell stocks? what are you, some kind of doomsday gun prepper? the economy is fine.

>> No.11447722

>>11447681
OG boomers never had to practice challenging their beliefs, so they default to ignoring information that would force them to do.

>> No.11447732

>>11447681
Post ur address lmfao

>> No.11447734

stocks are their crypto. 30 years later, your kids will tell you to sell your bags already lmfao.

>> No.11447746

>>11447721
interest rates are rising boomer npc

>> No.11447754

>>11447746
The economy is humming, dude. If you're betting against it right now you are pants on head retarded.

>> No.11447780
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11447780

>>11447681
>be me
>sitting in dining room with my wife enjoying a nice cup of tea and pleasant conversation
>suddenly i sense a familiar, yet still as foul as ever stench
>yes, my son must have finally left the basement again
>he waddles in and informs me that based on what his internet friends say, i should sell my entire portfolio that i have patiently held through recession after market selloff, only for the market to rebound higher again, leaving me with a nest egg over 2000% higher than my initial investment
>mfw we're buying a boat, a beach house, and a new RV and are leaving him with nothing

>> No.11447946

Unless they are retiring within the next 2 years, this advice is similar to telling someone sticking your dick in a blender is a good idea.

>> No.11447950

>>11447681
Trump supporters?

>> No.11447972

>>11447681
Based on some of the replies I'd wager that your parents were cringing at you lol

>> No.11447986

>>11447681
They don't understand the concept of trading. To them stock is just like throwing money into a bank account.

>> No.11447997

Yea or they have retirement accounts which you generally don't trade. Or maybe they just know how autistic that advice is.

Do you fucking retards understand anything about financial markets?

>> No.11448007

Guaranteed this dude is also invested in Chainlink

>> No.11448111

Same thing happened to me OP. They're retiring soon and I don't want them to have to come to me when they already have a comfy amount of money in stocks.

>> No.11448140

>>11447681
told my mom this in August and before the end of september, she was 80% in bonds. but i'm smart and she knows it, so i wasn't suprised

>> No.11448145

>>11447721
I love how there's a whole psyop campaign currently underway to try to convince us that the economy is doing amazing and we're either stupid or conspiracy theorists if we see it any other way

>> No.11448153

>>11448145
>/biz/ shitposting = psyops
wew lad. go outside more

>> No.11448154
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11448154

Stocks only go up lol what's a recession

>> No.11448549
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11448549

>>11447780
kek this

>be zoomie
>learn anything about the stock market for first time ever
>start telling everyone how to invest
>be financial adviser now because 1.1 years crypto experience

>> No.11449132

>>11447681
Imagine your family being so well off that you don't threaten to take drugs or have unprotected sex. Instead your way to rebel is to talk about stocks.

>> No.11449274

>>11447780
You failed your son and should be ashamed. Not because you arent leaving him shit, but because hes a useless sack of shit NEET. This can only be obtained from lack of parenting and role models to look up to in his family. Sorry if I strike a nerve anon, that's just the way I see it.

>> No.11449339

>>11449274
>>11449274
d-did you think that was a real greentext that i myself experienced as an aging boomer and am now humorously relating to my new zoomer internet friends on a javanese diamond dust huffing forum?

fuck i knew the average iq of biz was in the toilet but this is a new low.

>> No.11449380

>the economy is doing really good
Says overly exposed accountant of major bank while pulling his last tricks to keep the income statement from and heroing all investors.

>> No.11449394

>>11447986
That's what it should be for most people. 95%+ of stock traders (including you and OP most likely) can't outperform the market risk adjusted in the long run by trading.

>> No.11449496

>>11447681
I actually took my money out of the stock market a month ago because I plan on liquidating it to buy the cheap properties that will be available in a year or two. If this turns out to not be a recession, I'll just ease the money back in. Willing to lose a year or two of gains... looks like some of you fags have already done so by staying put...

>> No.11449527

>>11447986
>To them stock is just like throwing money into a bank account.

And this is everything that is wrong with economy right now. Retards think that buying stocks is saving. It's gonig to come down hard and a lot of people are gonig to lose all their "savings".

>> No.11449546

>>11447734
Kek, when you realize your parents are eternal bagholders because of the tech.

>> No.11449578

>>11447746
>interest rates are rising boomer npc
12 out of 14 times the interest rates were hike the economy kept on growing. The correlation is not negative by any historical account.

>> No.11449601

>>11449496
>buy the cheap properties
prices went down 15% on average since last year.
I think overvalued house are dropping in price aswell as interest rates may have an effect on housing dropping them even further in the coming few years.
It's still a good option to hold if your renting atleast.
I'm a noob so feel free to call m an idiot.

>> No.11449622
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11449622

>>11447722
It's really scary how programmed Boomers are. My grandparents were never like this and my generation isn't either.