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/biz/ - Business & Finance


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15175143 No.15175143 [Reply] [Original]

>tfw realising you just need money to become happy, to live well, and even to become a chad (reach your max potential).
the final pill. you literally just need a considerable amount of money. that's it. that's all it takes.

>> No.15175195
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15175195

>>15175143
it's depressing because it's mostly truth
I wish I was stupid enough to be happy with a shitty 9-5 life

>> No.15175213
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15175213

Happiness is a choice, not a destination, after you have all that money (you won't) you will start worrying about other stuff and probably say shit like "when I get a really hot gf that loves me I will be happy" but you won't because you will think that girls like you only because of your money, which will be true.

>> No.15175240

Money prevents you from being unhappy due to slavery, but happiness? Not really. Suffering is the human condition.
If you don't believe me try living as a NEET for a year.

>> No.15175241

Fuck
>>15175213
Wrong. You become a better person if you have money. Not by having the money but by having the stuff the money allows like more experience, better health etc

>> No.15175248

>>15175143
Can't get gf with "considerable" amount

>> No.15175254

>>15175213
This. I work 70+ hours per week, and haven't had sex in over a year. I'm still happy and optimistic about my future.

>> No.15175258

>>15175240
No I agree that you won't just be oermsne happy but you'll be much happier as baseline than a poor neet.
>>15175248
Sure you can.

>> No.15175275

Now that you know what you must strive for, take the time to use the pursuit to sharpen your mindset to be suited to making it and having strong command over your dreams and wealth.
People in the future are jealous at what easy and asymmetric opportunities face you this very moment.

>> No.15175288

>>15175213
>Happiness is a choice,
yeah but not one everyone can make, case in point >>15175254

>> No.15175293

>>15175213

Happiness is a choice, but since choice is mostly illusion and delusion, happiness doesn't exist, you just get closer to death meanwhile you chase ghosts

>> No.15175320
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15175320

>>15175293
My point is that you shouldn't chase happiness because you will never get there, fix yourself first and then have some goals, but don't expect that after reaching certain goal that will be it and you will be happy, that's absolutely never gonna happen until you fix your mindset. It's also easier to reach your goals when you're a happy and positive person.

>> No.15175336

>>15175258
>No I agree that you won't just be oermsne happy but you'll be much happier as baseline than a poor neet.
How? There's no difference in lifestyle, really.
Most rich people don't actually travel often because it's a meme. Have you been traveling before?
The only other difference would be getting a gf, which is also a meme. 50% divorce rate should tell you something.
Better health is not expensive, going for a run outside is free, a sack of rice costs less than fast food, and a one-time payment of $500 gets you a nice power rack you can use for the rest of your life.

>> No.15175344

>>15175320

yes, i agree, also buy link

>> No.15175376

>>15175336
the point is that you don't have to worry about finances which significantly reduces stress in your life
>hurrr just don't care
if people could actively control their stress levels there wouldn't be a problem. your limbic system is in complete control and free will is a meme.
money matters, get over it

>> No.15175392

>>15175376
That's what I said. Having money prevents you from being unhappy due to slavery, but it's not gonna make you happy.
Regardless, it's not hard to control your stress levels with proven practices like exercise, meditation or adaptogenic herbs.

>> No.15175395

>>15175336
There is difference in lifestyle. You own your own home, land, etc. Everything really. It's still down to you whether you use it ofc but the opportunity is there, you're not trapped. That in of itself is enough to make you happier and seem happier to other people too probably. Travelling isn't really a meme anyway, it is a good thing but you can do that cheaply. You don't have to if you have money though, you can basically just do whatever you want and go where you wanna go and do what you want to do.

>> No.15175418

>>15175392
>it's not hard to control your stress levels with proven practices like exercise, meditation or adaptogenic herbs.
you're under the illusion that there's even a "you" in control

>> No.15175424

>>15175240
I'm a neet for over a year and feel more happy now than when I was at college.

>> No.15175432

>>15175376
This

>> No.15175449

>>15175213
>when I get a really hot gf that loves me I will be happy

This is the problem with /biz/. It's filled with people whose only goal in life is to get laid so of course they can't imagine what they'd do with money. Go to /a/ and make a thread about what people would do with millions of dollars and every faggot there would have some pet project or dream to fund. Something beyond just sitting at home and being the same boring ass NEET.

Money allows you to be what you truly are without the uniformity that wagecuckery enforces whether that's following your dreams and living an interesting life or becoming a shitty person because those with power can get away with it.

>> No.15175474

Remember that neckbeard who created minecraft complaining that he couldn't make friends anymore since being rich made it so difficult to communicate with normal people?

>> No.15175493

>>15175418
Herecometheschizos.jpg

>> No.15175509

>>15175449
I agree but I'm personally have shit I want to do not just high-school tier I can't get a girlfweenddd problems.
>>15175474
Yeah but he's famous and rich, not just rich

>> No.15175520

>>15175509
I actually agree that being rich without being famous is top tier.

>> No.15175531

>>15175493
Guessing he means determinism argument but let's not get into all of that, kek

>> No.15175543

>>15175395
I would say that falls under the lack of unhappiness due to slavery, but I'm not seeing home-owners walking around in some state of endless joy.

>>15175418
Oh, I get it, you're talking about the Buddhist meme. They never said that neurotransmitters don't exist. The mind still follows the laws of causality, even if free will is an illusion, and seasoned monks like Ramana Maharshi still stress the importance of good health to attain a mind clear enough to meditate.
To say that your limbic system isn't subject to the laws of physics simply because there is no "I" in control is a misunderstanding.

>> No.15175548

>>15175520
Even so though, notch could probably get away with walking down the street and not being recognised. He's also probably considerably happier than he was anyway just has new problems

>> No.15175574
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15175574

>>15175474
>telling normies about your gains instead of LARPing as a moderately successful investor who "hit it big once" now and enjoys a stress free life pursuing his interests (while secretly colluding with racist NEETs on an anonymous bonsai tending discussion forum to jettison the world's elites from their seats of power)
Try not to be this bluepilled if you actually get rich. We're about to launch phase II once we ALL make it.

>> No.15175582

>>15175543
>I'm not seeing home-owners walking around in some state of endless joy.
Kek, well maybe they should
But no I know, still I just think their baseline is much higher once you have all of those things covered. I mean you don't need to be super wealthy for that but people work their whole lives to pay off a mortgage

>> No.15175599

>>15175548
>has new problems
Pretty sure he's had type 2 diabetes for a while now

>> No.15175619

>>15175599
>can buy the most expensive, delicious, and healthy food in the world
>still eats junk and candy
he deserves it

>> No.15175627

>>15175599
Based tbqhwyds
Fuck the pancreas

>> No.15175706

https://beta.forkdelta.app/#!/trade/0xb108c02a74e525ab0a59ccd3d208d2de4699a055-ETH

>not buying TRUE for 61% cheaper than other exchanges
>Doesn't know how to use real decentralized IDEXs
> Not shorting OKeX
No wonder you're poor

>> No.15175854

>>15175706
Dropped a hard eth

>> No.15175868
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15175868

>>15175143
>being a communist

>> No.15175875

>>15175143
sorry bro, it won't make you happy.

>> No.15175913

>>15175868
Hmm

>> No.15175939

>>15175706
Thanks anon

>> No.15175994

>>15175706
Any guidance on learning how to spot good arbitrage opportunities? Any good tutorials / guides on this stuff you suggest?

>> No.15176198

First off, we're all gonna make it biz bros... we're still on the ground floor of crypto and if you make sure your bags include at least one or two BTC then 6 figures is in your future

Second off, 100K isn't going to be making it sadly and that is probably the most realistic scenario. I hope McAfee is right for the sake of his dick, but we gotta be realistic. Lets say you suddenly come into 100k. It's what you do with that 100k is going to be the change maker. Start a biz? Get into trading? Rather than just looking to start the NEET life, start thinking about what you would do with some capital to generate income. Personally, I really would like to get into options trading. People shit on it, but I know some dudes that do very well. If you invest in a good training program, have sufficient capital, and are disciplined enough to follow the money risk management strategies then you can earn a decent wage from it.

Third, you virgins gotta stop putting the pussy on the pedestal. Next real bitcoin run, go cash some out, go to a country where prostitution is legal, and get your dick wet for a week. You'll realize it's not a big deal and certainly not what you should be basing your life strategy on.

>> No.15176282

>>15176198
Good post

>> No.15176336
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15176336

>>15176282
Thank you fellow Israeli basket weaving enthusiast

>> No.15176475

Its not fun being the richest person in the room with no job.

In fact it feels awful, you feel worthless ironically. And its hard to justify your existence when you're such an imbalance in comparison to people actually trying to achieve something.

>> No.15176510
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15176510

>>15176475
Uh... I'll trade places there with you Arthur if it's bothering you that much. Grinding every day trying to make shit happen gets old too you know.

>> No.15176533

>>15176510
So does traveling the world and doing whatever you want. Eventually you just end working out in your home gym, playing video games all day and ordering uber eats.

>> No.15176564

>>15176533
Dude... you basically just described my dream life

How did you come into that kind of dough?

>> No.15176596

>>15176198
Good advice from what sounds like a fellow 30 year old boomer. Zoomers pay attention.

>> No.15176599

>>15176336
No problem.
But options trading itself seems risky for someone without the right experience. An anon would probably lose 100k trying with options before making money. Better to just use 100k to start a small business and go from there imo. We'll at least that's what I plan to do when I can.

>> No.15176605

>>15176564
Same way anyone does, luck. Family business, self sustaining, stable industry. Ill work there one day too and do my part to ensure my kids have that future as well, but fuck man it feels draining to have life given to you.

And trust me, its sucks. Money cant bring you happiness, it can remove unhappiness though. Getting rid of debt, unexpected financial costs, having security is all comforting. But actually spending it is shallow and pointless.

>> No.15176614

>>15176533
That sounds good to me

>> No.15176638
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15176638

>>15176596
Hahah... that obvious?

>> No.15176645

>>15175706

nice gem desu

>> No.15176662

>>15175241

This.

The beautiful thing about money is that you have to be smart to keep it. This is why rich people are usually pretty smug, it’s like being part of a secret club... it’s one thing to get rich but an entirely different game STAYING rich.

>> No.15176674

>>15176599
Personally I'm all about small business. I already have side businesses in e-commerce that I'm trying to use to escape my wage cucking in the next few years

On options, that's why I emphasize a good training program. Not going to shill the one I have in mind, but suffice to say there are some good ones out there. Spending a few grand to get the right tactics down is well worth it and certainly better than some toilet paper degree from a university (saying that as a dude with 3 degrees btw). To do it though, you gotta be able to pay for the training and have at least $10,000 dedicated to trading. Even then, it's a few years till you're generating enough to make a living off of it.

No matter what route you take... gotta play the long game.

>> No.15176687

>>15176662
>The beautiful thing about money is that you have to be smart to keep it
You literally only need to put it in indexes. It takes zero skill to make or hold wealth. Literally only /biz/ and other uneducated retards think otherwise because they cant into compounding.

>> No.15176716

>>15176687
It's great advice if you want to wait till your 60-something to be financially independent and free of a day job. Average approach gets average results.

>> No.15176723

>>15175240
this post is true

>> No.15176729

>>15176638
Easy to tell because I too, love monster sugar free.

>> No.15176796

>>15176716
Medium US income is $60,000, you're supposed to be able to save 20% of that. $20,000 divided into twelve parts a year is $1,666 a month. Vanguards VOO tracking the SP500 offers 14% annually with a 0.04% fee.
>10 years 500k
>15 years 1 Million
>20 years 2 Million
>25 years 4 Million
>30 years 8 Million

>50 years 113 Million

Compounding and accumulation. This should be stickied on the front page of /biz/.

Furthermore, its been shown that you achieve the exact same results even if you go back to the 1900s and take into account every economic crisis and even both world wars. You can, literally, guarantee you and your entire lineage will be wealthy if you just save and invest every month into an index. The only considering you ever have to take is whether or not the nation you're investing in is going to still be around tomorrow, and that doesnt mean economic disaster, it means literally the US gets wiped out by nukes, because the US has gone through two world wars, innumerable other wars, economic disasters, and it still returned over 14% Every. Singe. Year. (*if you average it)

>> No.15176829

>>15176716
>>15176796
Also, there is nothing about indexing which is 'average

John Bogle tracked every single equity fund from the 1970s to 2000. Of the hundreds of equity funds which existed in the US only 2 out performed the index, each by 1% and 2% respectively.

In that time frame to invest in the index would have given you ABOVE average results. In fact he showed that anyone who invested in the first index which came out in '76 would be in the top 15% of all investors in the world.

Your post highlights the key issue, people think the index means average returns, so they think they can do better, they try, they fail, and the index returns higher than they would have had they just purchased and held it.

>> No.15176847

>>15175213
This ^^^^. Now that I have money I suddenly got popular once word got out (girl had stopped in to visit for a bit saw my financial statements when I was in the other room took a pic and showed some people and now everyone knows im mr money) and so now females that never bothered with me before are saying hi and girls that rejected before have been "thinking about all those good guys from her past and she thought of me blah blah" and all sorts of its obvious you girls are looking for money. especially since we're not in our early 20s or teens and all those bad choices are catching up and you 're not getting prettier girls... so yup im happy since I just ignore females and play dumb and unless they outright go I WANT US TOGETHER I just pretend I have no clue.. one downside to money for sure is those girls will do almost anything to lure you in and ive tested that with some girls. degenerate sluts not realizing going so far to prove you want me only causes me to not want you.

>> No.15176856

>>15176796
Compound interest really is insane

>> No.15176903

>>15176829
>>15176796

You cited an average return of 14% annually which only exists in a statistical bubble. If you started investing in 1999, do you think you'd have 500k in 2009? I don't think so.

Also your example fails to take into account that the $60,000 is cucked for about 25% between federal/state/local taxes, which leaves $45,000. Providing you invested 20% of that you have to live on $36,000 a year or $3000 a month. If we're going to cite Silent Generation rules, then your rent shouldn't exceed one weeks pay so that's $750. I don't know where you live, but in most places you're going to have a hard time doing that. Nevermind utilities, groceries, gas, etc.

Most of the wealth in the United States are wealthy because they started businesses, not because they invested diligently in index funds. I'm not saying the strategy wouldn't work, but to my original point you will likely be waiting till your retirement age to see principal large enough to stop working. If you're cool with that, have at it.

>> No.15176933

>>15176856
Yup. Its the reason Buffet became so wealthy. He basically inventing indexing before it was a thing.

And while he outperformed it (by about 8-12% per year) he literally did the same thing as indexing. He found an investment he could purchase and hold for decades and he did. That was it, nothing special, nothing magic. You just buy and hold a vehicle that will compound for you.

He had it harder because he had to know that company would always be around and always return well, and he was good at it. And sure he did a lot of short term stuff as well like his cigar butt strategy, but his core idea was always the same. Now days you can do it all from one vanguard account.

>> No.15176956

>>15175213
Happiness is a process, not a choice

>>15175254
you are retarded

>> No.15176959

>>15176933
Buffet literally was buying companies... not fucking around with index funds.

Here's the other problem with this mentality. It operates under the assumption that the next 50-100 years will look like the last 50 to 100 years. We've dug such a deep national debt, had such sagging real GDP, and unprecedented low interest rates... how do you know the chart isn't going to end up looking like the Nikkei since 1980?

>> No.15176996
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15176996

>>15176903
Firstly, 14% per year is the actual return, so whatever 'bubble' you're claiming is false. I suggest you read up on how indexing works since you obviously dont know.
Second, yes, pic related
Third, I used the average income because you should be earning more than that, and if you're not, go to college
Finally, wealth is built. How you get there is irrelevant. Im literally showing you the math on how to do it, the fact you refuse to believe it is your own problem.

Thats why the wealthy are wealthy, they do, you dont.

>> No.15177022

>>15176959
>point
>head
Buffet found companies which he knew would be profitable for decades. Indexing does the exact same thing except you don't need to pick the companies. He never indexed because he didnt need to, he was already doing it in his own way. Sorry this was obviously not clear enough for someone like you.

The debt is not an issue, nor out of line with other periods in US history, GDP is slowing not crashing and is a short term issue and interest rates are irrelevant in the span of decades, the SP500 still returned more than 85% of all equity investors taking into account overwhelming interest rates at 18%, 1% or even negative rates will be no different.

I would ask what you think is a better investment, but I just know its something stupid like picking stocks or coins.

>> No.15177057

>>15176959
>how do you know the chart isn't going to end up looking like the Nikkei since 1980?
Furthermore, How do you know gold will go up? How do you know company X will go up? How do you know coins will go up?

You don't. No one does. You cant predict the future. But I can tell you that the probability that the US collapses entirely, and again even a world war would be irrelevant here, is next to zero. I can say the same about China, Russia, Australia, Canada, New Zealand, ect

The global economy has become the bedrock that binds all nations, even countries which tried to be communist like China had to give in to becoming limited capitalists. Stock markets, particularly indexes, are just publicly listed value of a nation. Its individual parts are irrelevant because the index will adjust to the largest most efficient members of a nations economy.

Do I know the US will be around tomorrow? No. But in a 50 year time frame I would rather take that near non-existent risk than whatever shitfuck idea you might come up with.

>> No.15177066

>>15176996
>>15177022
>>15177057
Good posts btw. Thanks

>> No.15177071
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15177071

>>15175143
Nah that's just cope. You're blaming all of your problems on a single thing when it probably isn't even the source of 30% of your problems. You probably have to work on your attitude first. Money comes later.

Money doesn't solve everything, it just gives you opportunities. You can use it for productive and beneficial stuff (that often takes effort) or waste it ruining your life doing meth and heroin. You can still fuck up after you have enough money for a decent living yet there's plenty of people out there barely scraping by that are happy because they have the basics (food, water, shelter, SEX and AFFECTION) covered.

Reconsider your life choices.

>> No.15177174

>>15175143
Why would you want to be happy ?
To seek the peak is to invite the abyss.
Emotions follow a sinusoidal curve.


Seek contentment you queer.

>> No.15177362

>>15176996
So should I be putting literally all my savings into VOO? It's a serious question. Isn't that a big risk?

>> No.15177505

>>15175213
Shut up, faggot. Money improves everything. Feeling like shit with money is infinitely better than feeling like shit without money. Stop peddling 5 dollar philosophy like a cunt.

>> No.15177518

>>15177505
This

>> No.15177539

>>15177362
It's a diversified fund. Mutual funds and ETFs have been bullet proof for low-risk ways of generating wealth. To lose 25% of your value in VOO would mean we're having a stock market crisis. It's very hard to trumph a diversified fund.

>> No.15177693

>>15177539
should i do that though? Put all my money into VOO?

>> No.15177786

>>15176903
yep, this is the catch-22 in a nutshell: index funds are good for dumb people with no drive, but if you're smart enough to understand compound interest then you're also smart enough to start a business and live your life now rather than 50 years from now

>>15176933
are you getting your knowledge from youtube videos? buffett got his start peddling vending machines by pretending to be part of a serious company. he was essentially the boomer version of a shitcoin ICO
yes, AFTER he made consequent chunks of money, investing compounded that

more generally, you're making the usual tragic mistake of looking at an isolated past (1900-2019) and assuming the trend will hold forever. had you lived in rome in 400 AD, you might have thought rome would last forever because it's still standing after a thousand years

>> No.15177816

>>15177057
btw, you sound too arrogant and too far gone to take the advice, but for any lurker on the fence, consider reading "the black swan". it's an opinionated but good entry level book dispelling the thought fallacies anon is suffering from

>> No.15177908

>>15177693
Yes

>>15177786
He made his money picking companies and investing in them when he worked for an equity firm. He had many jobs when he was younger and none of them added much to his wealth.

Any anon who is lurking can tell you're full of shit. I provided mathematical evidence, you provided nothing.

I wanted to help you, but you're just peddling bullshit rather than being helpful and have no place on /biz/

>> No.15177975

>>15175706
flipped 3eth. based af nigga

>> No.15178020
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15178020

>>15175213
Fuck off mate, didnt read past 1st sentence but I know for sure its some moralistic bullshit.
Stop pretending money doesnt matter.
99% of my problems are there because I dont have enough money,
if I had enough, I would have a shit ton less of those problems and I could concentrate on the remaining 1%.

The only "problem" that money gives you,
is that if you got a lot of it, your friends will ask you for it.

But heres the fucking deal:
I dont have friends, so I would rather be rich and alone, than poor and alone.

>> No.15178075

>>15177362
>So should I be putting literally all my savings into VOO? It's a serious question. Isn't that a big risk?
An index tracking fund does exactly what it says, it tracks a whole index. Indexes are extremely stable, even in economic disasters, because they just track the top companies of any country.

Its far more diversified to purchase an index for example than to pick 50 stocks yourself, because holding an index like the SP500 means you're holding 500 companies. The only question you have to ask yourself is: is this country going to still be around and prospering when I want to start selling? When you do start to sell you would only do it in small amounts at a time as well, usually 4% a year is the rule of thumb but you can obviously do more.

As to their risk you only have to look at history to see that countries recover from crisis. The SP500 has been able to grow at above 14% on average through world wars and every economic depression. There is always a risk that at one point in the future, the market will collapse again, and it literally does not matter. It will recover. The only way the markets would not recover is if they were to be replaced with a different form of economic system and currently there is no way that would happen.

The average /biz/ wanna-be-rich-quick child cant do basic math, so they've never sat down with excel to calculate their returns properly, but the tldr version is that after fees and tax barely any investments can beat an index. If you want to learn more John Bogle has a series of books which show all the math behind why index investing returns above average returns in comparison to people who pick and choose their investments.

>> No.15178598

kek

>> No.15179557

>>15175213
This. I know that I could be happy with nothing except my partner. Life and the world itself are beautiful and awe me everyday, everyday is filled with things to appreciate. Happiness is a choice, I only want more money as a tool to access some things that I'd like to, not as a necessity. Going to the aquarium and what not isnt free

>> No.15179590

>>15175418
Theres a lower s self bro, no permanent unchanging SELF that controls all aspects of you and takes priority. Your consciousness is only a small part of what makes up you, and what "you" is isnt any single thing but really a collective continued action of existing.
What is letting go of suffering or experiencing if not "you" right now?

Our general idea of what this "you" is are flawed but the idea that there is something experiencing and existing that we are referring to with "you" and "i" isnt

>> No.15179635

>>15176605
Why not find a job then to feel useful? Construction for example. Why not try to find something you truly care about and focus your time and effort into that? I dream of owning a huge beautiful reptile collection/shop/breeding facility, training caimans and what not
If you feel ashamed for your money give it away then, there are still good causes, ex. Women with pregnancy complications who wont be able to afford whatever surgery they need. ALS research
Heck, go back to college just for fun, breed horses, etc etc. You just have to find an active and continual task you can feel satisfied with because it has growth, and because of your money you could do literally anything

>> No.15179738

>>15176956
>you're happy with a situation where I couldn't be so you're retarded
Kys

>> No.15180135

>>15177816
This

Dude is parroting the shit his Morgan Stanley guy told him. He won't get it.

>> No.15180191

>>15176996
Dickhead... I said 1999 to 2009 to point out. Your annualized return would have been -3%. I was pointing out that what your saying only works over really long periods of time.

Also, people who were losing their jobs, homes, clients, etc. weren't coming up with $1,666 every month to continue feeding the cost averaging beast. The people that won in 2008 had cash on the sidelines because they weren't all-in on the market.

You sound really arrogant, so I hope you're all in on the S&P 500 so that way when it crashes 30 to 50 percent during the next bear market, I can swoop in and out perform you while you wait 4 years to get back to even like those during 09' to 13' (not adjusted for inflation)

>> No.15180200

if you can get hands onto 500k+ you can essentially be in a very good position to "make it". but most people fuck it up.

>> No.15180215

>>15176996
>>15180191

Oh... you better also hope they bail out the banks again, do another $1 trillion of stimulus, and 4 more rounds of quantitative easing while keeping rates at zero percent.... because that's why this bull run has lasted the way it has

>> No.15181264

>>15178020
You're rarted. You just echoed what you didn't read

>> No.15181286

>>15176847
Play the game. Tell them anything and pump n dump them for being vacuous whores. Don't spend on them besides dinner and you'll get the pussy