/biz/ - Business & Finance

[Anonymous No.22928155]

>enjoy losing your cash to inflation

[Anonymous No.22928188]

>investing is too complicated. plus I dont want to lose money if it crashes.

[Anonymous No.22928195]

>don't invest more than you can afford to lose

[Anonymous No.22928197]

>buy gold

[Anonymous No.22928213]

>>22928155
>I can't
>believe
>you haven't bought Uno Swap, SausageLink, PoopyCoin, FunnyChungus Coin.
>FOMO

[Anonymous No.22928239]

>CRYPTO!!!
>SMART CONTRACTS!!!
>DEFI!!!
>NFT’S!!!
>BITCOIN!!!
>ETHERIUM!!!

[Anonymous No.22928260]

>I posted the image on /biz/

[Anonymous No.22928266]

Memes aside, the whole thing people spout in investing circles about "MUH SAVINGS IS USELESS, INVEST IT ALL, MUH INFLATION"

How much of it is true, vs how much of it is fear mongering fomo?

Additionally; why is keeping a decent amount of savings for emergencies where you dont have to deal with credit, and just rely entirely on your own money, really that bad of a thing?

Doesn't it make sense to have a safety/emergency fund that can cover your ass for 6-12 months, BEFORE you start investing? I mean, you can invest every dollar after you have that 6-12 month emergency fund.

Maybe I'm just very high inhibition, but it seems like insanity to have $0 in my savings account, and to just invest 100% of any money I get.

[Anonymous No.22928276]

>retire by 50

[Anonymous No.22928297]

>>22928266
Inflation is really bad

[Anonymous No.22928310]

>>22928297
>1980-Based

[Anonymous No.22928315]

>>22928213
OMGOMGOMGMOG BUY THIS NEXT MOON MISSION!!! WERE GOING TO THEMOOOON!!
>UNI
>XSN
>RSR
>STA
>DIA
>PI
>ORN
>YFI
>GEAR
>THETA
>XFT
>LIBERTAS

[Anonymous No.22928318]

>>22928266
Saving is very important. Just save in gold and silver instead of fiat currency.

If you want to invest in gold and silver with the intention of making a large profit buy mining stocks.

If you want to keep your crypto gains safe from government money printing keep at least some of your savings in gold and silver

[Anonymous No.22928328]

>>22928310
Look at prices if rent, fuel groceries, medical care. All up 10% yoy as the 1980s inflation calculator would state

[Anonymous No.22928332]

>>22928297
I get it. But at the same time. I just dont feel comfortable only keeping a few grand at max in my savings. It makes me feel naked.

I have $35k atm in my savings, which means I can go into my job everyday knowing I can just quit any moment, and I'll be okay for a good amount of time. If i only have $5k in my savings, or $1-2k, or nothing, it makes me feel anxiety that Im forced to be at my job.

I dont know if this makes any sense to normies here with extreme low inhibition.

[Anonymous No.22928344]

>>22928266
25% of your net worth should be in precious metals. either in the form of stocks, etfs, physical, or offshore

you should have 6-12 months of living expenses in USD

everything else should be in investments, real estate, stocks, crypto

[Anonymous No.22928346]

bad thread. no cookie.

[Anonymous No.22928352]

>>22928332
you just apply for unemployment

[Anonymous No.22928401]

>>22928266
better to invest it. longterm it pays off huge. literally only retards keep more than a very basic savings account. use credit to buy things, lower your expenditures to pay things off when you need to buy on credit, pay off quickly=minimal or no interest. invest, invest, invest. every penny you invest now is ten pennies when you retire.

[Anonymous No.22928411]

>>22928239
>>22928260
>>22928213
>>22928315
>>22928195
>>22928188
>>22928155
Basedjak posting is my favorite part of the internet

[Anonymous No.22928459]

Have fun with your 0.60% "High yield" savings account bro.

[Anonymous No.22928471]

>Basedjak posting is my favorite part of the internet

[Anonymous No.22928484]

>sTrDguUp

[Anonymous No.22928513]

>3QZBclVw

[Anonymous No.22928553]

>>22928513
>>22928484
you need to go back

[Anonymous No.22928562]

>you need to go back

[Anonymous No.22928622]

So, what's the goal here?

[Anonymous No.22928640]

GUUUUUH GUUUUUUUH BUHHHHHH MART GONDRAGDS

[Anonymous No.22928656]

>>22928411
One of my least favorite parts tbqh. Always seemed like a very niggery sort of humor to me. Maybe that's just because the American zoomer is very influenced by the nigger though.

[Anonymous No.22928659]

>>22928622
"i know you are but what am i" with funny images :)

[Anonymous No.22928721]

>One of my least favorite parts tbqh. Always seemed like a very niggery sort of humor to me. Maybe that's just because the American zoomer is very influenced by the nigger though.

[Anonymous No.22928784]

>>22928266
Its 100% true. Real inflation rate using old CPI is at 8.50%. It means you lose 8.50% of your savings on a yearly basis. If you want to have savings you must leave fiat currencies and get gold and silver. It's the only option left.

[Anonymous No.22928795]

>GEESEMBAILYZE RYNANSE
>JRUXLIS JRANSLAKTION
>BRODICALL
>ADOMICK ZWOPZ

[Anonymous No.22928882]

>>22928352
Oo nigger spotted

[Anonymous No.22928938]

>>22928784
>8.50%

lmfao just fucking no. If that was true, nobody would ever bother having savings or saving for a mortgage.

[Anonymous No.22928979]

>>22928938
>nobody would ever bother having savings or saving for a mortgage.
they shouldn't

[Anonymous No.22929071]

>>22928979
Ok jew, youre just saying that because you want everyone to pour money into your fake currencies, so they dont invest in land/property, so you can pull the rug from underneath them, and leave them with worthless meme investments, while they never invested in property and owning property

fucking shill

[Anonymous No.22929096]

>>22928328
meh. all the essentials of life (gasoline, food, utilities) are only 50% higher than they were 15 years ago. this would imply 3% interest.

yeah tuition, restaurants, a couple other things are more than 50% higher from then. but they are mostly optional

[Anonymous No.22929103]

>>22929071
>he doesn't know

[Anonymous No.22929106]

>>22928266
First start a Roth IRA. Second, start investing in an S&P 500 index fund or ETF and a Corporate Bond index fund or ETF immediately. Save up enough cash to cover three months of expenses and invest at least as much into your Roth IRA after taxes. Over time, as compound interest effectively adds months of expenses you can phase out more and more of your cash position by investing it into the IRA and accelerating your compound interest.

You can make other investments but the point here is tax advantages and dirt simple investing if emergency funds. You can withdraw all contributions tax free and can withdraw your earnings at a 10% penalty if you are not 59.5 years old which is a small price to pay when you are collecting tax free compound interest over the long term.

[Anonymous No.22929107]

>>22929071
>calls me a jew
>believes in fiat
Ok.

[Anonymous No.22929149]

>>22929096
>mostly optional
>literally healthcare, education, and housing
>optional
>kys

[Anonymous No.22929232]

>>22929106
>First start a Roth IRA
>S&P 500 index fund or ETF and a Corporate Bond index fund

[Anonymous No.22929451]

>>22928266
>How much of it is true
It's literally retard
You have always to have some cash liquid you can access to.
Immagine you had some cash liquid during the corona crash... you would have doubled your money
50% invested 10% gold 40% cash

[Anonymous No.22929469]

>>22928266
Always keep enough to live off for six months.

[Anonymous No.22929477]

>>22928297
Why did in 2010 inflation came down that strong?

[Anonymous No.22929496]

>>22928266
Money in the bank LITERALLY rots away. This is a problem most people never deal with because they can't save. You want to keep 3 months emergency expenses in the bank and everything else should be invested in some way shape or form or you are literally losing money

[Anonymous No.22929687]

>>22928332
It depends on where you live. In the UAE, you totally need savings. In some euromarxist country like Belgium, Sweden or Germany, would be a dumb move.
I, living in Europe, consider saving a losing strategy since they are printing Euros by the trillions.

[Anonymous No.22929703]

>>22928882
you literally are forced to pay for unemployment insurance when you are working

[Anonymous No.22929747]

>>22928155
>Polytrade solves this!

[Anonymous No.22929794]

>>22929232
>>S&P 500 index fund
No

[Anonymous No.22929932]

>1% interest p.a. as long as i don't withdraw any money??? WOWEE, SIGN ME UP!!!!!!!

[Anonymous No.22930047]

>>22929477
Deflation after 2008 crisis?

[Anonymous No.22930105]

>>22929232
> leaving put that in talking about your emergency fund
Retard.

[Anonymous No.22930116]

>>22929794
Where would you put your emergency fund?

[Anonymous No.22930266]

>>22930047
>Deflation after 2008 crisis?
Why did deflation happen after 2018?

[Anonymous No.22930882]

>>22928266
these same people who "invested" everything were crying for stimulus checks in april because they have 0 savings and thought that nothing bad can ever happen