/biz/ - Business & Finance

[Anonymous No.16415047]

How did boomers become so rich when they are idiots?

[Anonymous No.16415048]

They lived in the most prosperous era in human history

[Anonymous No.16415081]

>>16415048
Correct. Ignorance developed from that as there was no need to advance their knowledge and skills.

[Anonymous No.16415084]

>>16415047
The rising tide carried everyone up. They just had boats

[Anonymous No.16415092]

>falling for the boomer-hate psy op
this website is full of cringe redditors

[Anonymous No.16415101]

>>16415092
Fuck off boomer

[Anonymous No.16415100]

>>16415048

Bingo. They were gifted the most advantaged era is US history. Literally all they had to do was pick a job (and there were tons) not spend 100% of their income and by 60 they were multimillionaires. And even some of them couldn't get that right.

Easily worst generation in US history and only generation to leave things worse for their kids. Don't visit them, don't attend the funerals.

[Anonymous No.16415102]

[Anonymous No.16415103]

>>16415101
le epic meme!

[Anonymous No.16415115]

>>16415092
I agree it is a class based thing more than an age based thing. As I know lots of boomers who are poor as fuck. But they are all still retarded.

[Anonymous No.16415138]

None of the markets were saturated and the population exploded.

[Anonymous No.16415160]

>>16415047
Almost every other competitor to America was destroyed in WW2 plus when other countries started to seriously compete they just borrowed money like retards with a credit card.

[Anonymous No.16415190]

>>16415047
Because they didn’t waste their time on the fucking internet. Want more money? Go get another job. Everyone of my parents’ friends had two jobs and practical skills. I’m fucking retarded, just like you all. My light switch stopped working and I have to suck my dads ass to fix it. So. Yea. Hurr durrrr boomer fuck you boomers hurrrrrrr. Our generation is a bunch of whiny bitches addicted to $6 coffee and $12 beer.

[Anonymous No.16415202]

>>16415047
They understood that hashrate was doomed from the get go.

[Anonymous No.16415203]

>>16415190
Speak for yourself

[Anonymous No.16415230]

>>16415203
If none of that applies to you, you will be well off by the time you’re 55 as well.

[Anonymous No.16415249]

>>16415048
This. American Boomers are the only generational group that's okay with cheap, disposable, and mass-produced shit they don't need. Lots of plastic goods and junk food full of GMO's. Thank God Millennials and Zoomers prefer quality over quantity.

[Anonymous No.16415256]

>>16415115
Most well off boomers I've talked to seemed pretty smart, but poor boomers are literally the biggest retards I've ever spoken to other than myself of course.

[Anonymous No.16415259]

>>16415190
Kek I almost believed this LARP.

[Anonymous No.16415266]

>>16415047
They had in group preference

[Anonymous No.16415296]

>>16415259
Not larping. Unless you’re a mustache Indian, I don’t know that ‘temporary 1 year contracts’ applies to anyone I have ever met. Everyone I know has a decent job with benefits...no on the pensions, that’s for sure. And yet we’re all broke because we’re constantly spending money on entertainment and ‘travel’. Ask older folks - most never left the country, and everyone you know has been to Europe...

[Anonymous No.16415298]

>>16415115
Because millennial are so much smarter? yeah no
Its socialists (and for some reason libertarians) that push this unnatural ageism. At least Racism is a natural instinct, but hating the elderly is completely unnatural and reeks of "revolutionary/spread the wealth" types

[Anonymous No.16415309]

>>16415298
Not American so I don't know how fact-based boomer hate is, but just lol @ zoomers crying
>I'm only part of the second most privileged generation in history, life is so unfair

[Anonymous No.16415313]

>>16415298
+1 internet

[Anonymous No.16415492]

>>16415203
He is a boomer pretending to be zoomer. Almost everybody is capable to fix light switch and it's often boomers who are addicted to overpriced shit

[Anonymous No.16415499]

>>16415100
>Don't visit them, don't attend the funerals.

You're unironically going to hell

[Anonymous No.16415523]

>>16415298
We defang our youth at their prime and our innovation suffers for it. Brain activity declines past a fairly young age, ask any mathematician.
The boomers could all be immortal beings deep in space with AI powering everything.
But instead, they will die. Painfully, slowly.
It's not unreasonable to be upset about it.

[Anonymous No.16415837]

>>16415523
keep coping because you failed at life lmao

[Anonymous No.16416054]

(((THEY))) want us to hate our parents and grandparents that worked for a living to get what they have instead of turning the light on (((their))) lobbying efforts to turn the west into a globalist crony capitalist shithole.

[Anonymous No.16416176]

>>16415499

Living on planet boomer is the worst hell imaginable

[Anonymous No.16416179]

>>16415837
Just tired of seeing boomers rent seeking in control of everything while talented ML students aren't able to get funding, much less given the resources to actually charge things.
Consider this at your parents funeral; They didn't have to die.

[Anonymous No.16416186]

>>16415047
> How did boomers become so rich when they are idiots?
2 words : THE FED

[Anonymous No.16416196]

>>16415190
Had me until the second line. Topkek

[Anonymous No.16416207]

>>16416054
While you're right, that doesn't make boomers any less terrible people.

[Anonymous No.16416869]

>>16415048
>>16415081
fpbp
spsbp

>>16415115
but there's likley to be more poor as fuck gen x, millenials and zoomers as a percentage of their generation. Although it will be interesting to see what happens in 20-30 years when the millenials and zoomers inherit what's left of their parents assets (I assume many boomers would have borrowed heavily against the equity of their home, if they've ever paid off their mortgage).

>>16415190
Are you hiring me? If not shut the fuck up.

[Anonymous No.16417286]

>>16415047
They broke the ladder that previous generations spent forever building for them, and then attack their children and grandchildren for not being able to climb.
Also, they expect millennials and zoomers to pay off their massive debt while denying them things like inheritances. One of my aunts recently died and left 95 percent of her money to charity.

[Anonymous No.16417307]

by sucking jewish cock of course. the ones that didnt are poor

[Anonymous No.16417328]

>>16415047
Dumb money often makes the best runs. For instance, right now, you can buy UPT slightly under ICO price before it starts getting shilled heavily. Will you take the chance? Probably not, but in 6 months, you'll be pretty salty.

[Anonymous No.16417358]

>>16415100
>Don't visit them, don't attend the funerals.
You don't love your grandparents?

[Anonymous No.16417410]

>>16415048
This.

[Anonymous No.16417568]

>>16415499

I'll be well prepared for hell after living in the market they left for us.

[Anonymous No.16417596]

>>16415092
Remember kids, hate your parents, its good for business!

[Anonymous No.16417736]

>>16415047
They were complacent and absolute fucking morons who had their money handed to them on a platter meanwhile bragging about muh work ethic etc. They sold future generations out unwittingly to the Jews and now we're all fucked.

[Anonymous No.16417757]

>>16415047
Their parents won WW2 and brought home a ton of Nazi gold. On top of enjoying 50% the world's remaining economy unscathed by the war. And unlike their parents, they invested fuck all in their own children.

[Anonymous No.16417777]

>>16415047
When the US is at war, the economy grows like crazy. WW2, Korea, Vietnam etc..

[uuybb56 No.16417815]

we worked making stuff that many take for granted today. we didnt waste our time on stuff like the internet either.

[Anonymous No.16417854]

>>16415047
ure buying while they're selling u stupid idiot

[Sage No.16417884]

>>16415190
I got my first job at 14 working 30 hours a week on top of high school, to help pay for college I worked trades and in the process learned how to roof, fence, do household electrical, install a driveway, change windows and add doors. Physical tasks are not hard to learn, you do it once and you're basically a journeyman.

[uuybb56 No.16417929]

I've worked for 43 years nonstop . I'm skilled in many major fields . NO ONE GAVE MA A DAMN THING. I WORKED FOR WHAT I HAVE AND STILL AM.

[Anonymous No.16417932]

>>16415047
Hard and tough men create amazing societies. These are the children of the tough bastards who lived through the great depression and ww2 and shaped a prosperous world. The product of this unfortold wealth and comfort of this new society is the boomer, in all it's glory.

[Anonymous No.16417954]

>>16415047
luck

[Sage No.16417967]

>>16416869
Dude I read an article today about a boomer teacher in Vancouver who bought a home for 750k and had it listed for 4 mil.

Sound's pretty awesome to me right? That's a sweet return.

But apparently when the realtor doing the digging went into the data the house had four mortgages against it, with the most recent two being 1.2 mil @ 9% and 700k @12%. Her monthly payments were 13k, and the real estate agent doing the breakdown said the house was worth more like 3.5 mil in today's market if she sold today (and prices are going down) - meaning she's technically 300k underwater on an investment she enjoyed a 470% increase on.

That requires an advanced level of incompetence to fuck up. Analogical evidence but imagine this being played out in even 1% of over leveraged homes with intrinsic values of ~30% market value. It will be a bloodbath for real estate, banks, and moSt importantly the tax payer backed mortgage insurance corps.

Gold beans guns and bitcoin my bros...

[Anonymous No.16417973]

>>16417929
SHUT THE FUCK UP BOOMER

[Anonymous No.16417978]

>>16416054
Everything was right until you don't blame boomers for not voting for the things they should have. Also they voted a fuckload for SS and so on. They got the best of the world had to offer and now millennial get jack shit. Boomers deserve all the hate along with the kikes that helped them.
btw there are a select honorary boomers but they are so small a minority i don't really consider them even existing.

[Anonymous No.16417987]

>>16415047
Right place at the right time
It’s the industrial revolution where a person got one job, stayed in it til retirement and was able to provide for a family
Those jobs are gone, we are in era of scarcity and it’s only going to get worse

[Anonymous No.16417995]

>>16417967
>But apparently when the realtor doing the digging went into the data the house had four mortgages against it, with the most recent two being 1.2 mil @ 9% and 700k @12%. Her monthly payments were 13k, and the real estate agent doing the breakdown said the house was worth more like 3.5 mil in today's market if she sold today (and prices are going down) - meaning she's technically 300k underwater on an investment she enjoyed a 470% increase on.
AHAHAHAHAH!!!

Boomers gonna be fucking shit up for Millenials and Zoomers even beyond the grave, ahahahah!

[Anonymous No.16418024]

>>16417777
Checked. But say hello to the guy who everyone should really be blaming.

[Anonymous No.16418031]

>>16415047
Easy to fool other idiots

[Anonymous No.16418084]

>>16415047
You don't have to be smart to be rich at 50+ lmao. Any retard normie can have decent savings by then.

[Anonymous No.16418283]

>>16415100
>Literally all they had to do was pick a job (and there were tons) not spend 100% of their income and by 60 they were multimillionaires. And even some of them couldn't get that right.

Yeah but would you have really done anything different? We are talking about human nature here. They had so much prosperity, it would have been hard to tell when it was going to end.

>Literally all you had to do was buy BTC in 2013 and not sell 100% of it and you would have been a multimilionaire by 2017.

[Anonymous No.16418299]

>>16415190
Ok boomer

[Anonymous No.16418324]

there is a reason there was a baby boom
>win war
>least economic impact from war and come out strongest nation in the world
they were literally the 1% of the world at the time.

[Anonymous No.16418465]

>>16418324
All the good men died tho

[Anonymous No.16418502]

by giving firm handshakes which is something you weak neet incel faggots will never be able to do

[Anonymous No.16418515]

>>16415047
they could literally 100x their money by buying index fund

[Anonymous No.16418912]

>>16415047
Because they're moral and virtuous people who trusted God's Chosen.

[Anonymous No.16418977]

>>16417967
What the fuck is 12%??? Did she go to a payday loans place or something

[Anonymous No.16419002]

>>16415298
Boomers were the one who first rebelled against their parents who were a decent respectable generation. We have to make the boomers pay for that.

[Anonymous No.16419114]

>>16415298
Animals kill, banish, and abandon the elderly in nature

[Anonymous No.16419145]

>>16419114
Primates do not, sweetie. You cant compare humans to insects or felines, dumbass

[Anonymous No.16419154]

>>16416179
Plenty of millennial are successful, its called survival of the fittest, and you arent one of them. Stop being such a bitch

[Anonymous No.16419169]

>>16419154
I'm well enough off and I'm spending all my time and money on researching ML.
Go ahead and waste your life collecting homes or whatever boomer shit you think is important.
It won't help you in sickness and death. Only sufficiently advanced learning algorithms can help.
Learn what's possible, boomer.

[Anonymous No.16419284]

>>16419169
(age 24 by the way) so since you dont know who to blame specifically you decide to blame an age group, thats fucking pathetic. You also dont need to larp to me about how passionate you are to your nerd shit when companies actually progressing machine learning are run by people older than you

[Anonymous No.16419528]

>>16419284
Oh, you don't even realize how much was stolen from you.
Keep chasing the illusion I guess.
One day you will look back and realize.
Your best years were wasted and you were powerless to stop it.

[Anonymous No.16420145]

>>16416186
This
Nixon and the FED fucked everything up.

[Anonymous No.16420173]

FUCK THE LOT OF YOU LAZY PLONKERS

[Anonymous No.16420733]

>>16415047

By doing business, why?

[Anonymous No.16420756]

>>16416054
This. Boomers simply profited from gold standard being lifted and money. Who made that policy? Boomers?

[Anonymous No.16420788]

>>16415048
Wrong, the Federal Reserve hadn't cranked down the dollar value enough yet. Compared to earlier generations boomers are paupers.

[Anonymous No.16420829]

>tfw grandma was a baby boomer but was so retarded she has nothing to show for it but a disgusting 25 year old RV full of dog piss she bought for $3000 earlier this year that's parked in my driveway and $2400 a month from social security/dead grandpa's pension

Her parents were well off she easily set back her own lineage a couple of generations I don't know if I can fix things to where they should be in time.

[Anonymous No.16420849]

>>16415047
They got paid the equivalent of $80/hour to sit around and tell cringey jokes to each other. They then bought a bunch of real estate for free (compared to today's prices) and then charged Hollywood levels of rent for a shit-shack.

As they got older, some of them became employers themselves. They paid the bare minimum allowed by law because they HATE the young. As that hair got more silver and the liver spots became noticeable, they developed a seething hatred for anybody younger than 30. They'd genocide younger generations if they could; their hatred is that profound.

[Anonymous No.16421093]

>>16415048
Fpbp, if you were born between the years 1945-1960 and aren't a multi-millionaire right now you are fucking retarded. $10k into almost any corporate stock at the age of 22 would be worth a million right now, if you played your cards right multiple millions. Investing into any single fucking computer company would net you more profit than multiple lifetimes worth of work.