/biz/ - Business & Finance

[Anonymous No.54912055]

>uh ohh!

[Anonymous No.54912077]

>>54912055
noooooooooooooo

[Anonymous No.54912324]

>>54912055
The HELOCs and reverse mortgages are coming.

[Anonymous No.54912342]

>>54912055
skilled cock suck

[Anonymous No.54912362]

>>54912324
And that’s a good thing
>b-b-but I’m going to lose my house!
>just get a job boomer

[Anonymous No.54912379]

>>54912055
>>54912324
>The HELOCs and reverse mortgages are coming.
This.
My boomer parents reverse mortgaged their house and basically said that I'm not going to inherit anything.
Which is fine by me.
I hope they enjoy getting beaten by the staff of the cheapest and worst nursing home I can find when they get older.

[Anonymous No.54912397]

Why don't they just pull themselves up by the boot straps?

[Anonymous No.54912439]

>>54912055
>nearing retirement
How fucking old are baby boomers?

[Anonymous No.54912441]

>>54912055
boomers are so bad with money
my mom inherited like 300k in an ira in 2002, at the age of 50
21 years later, it's down to 240k, mostly in corporate bonds and mediocre individual stocks that some advisor picked out for her
she would take money out for all kinds of stupid shit, like kitchen renovations
she actually thinks it's "doing well", because it's almost the same amount 21 years later
meanwhile, if she had just put it in a low cost stock index fund, that 300k would be over a million by now
she is absolutely clueless how much she has lost

[Anonymous No.54912454]

>>54912439
Almost all are in their 60s and a good amount are in their 70s.

[Anonymous No.54912482]

>>54912055
>your prime is in the absolute golden age of America
>have the world handed to you on a silver platter
Yet
>raise a generation of degenerate fuck ups who continue to raise their own degenerate fuck ups
>waste all their money despite having the highest wages compared to cost of living in history
>gave their children’s and grandchildren’s rights and future away to niggers
>cry, asking how it could’ve all gone so wrong
Baby boomers really shouldn’t be considered people.

[Anonymous No.54912483]

>>54912379
I think they're capable of arranging their own nursing home if they're capable of reverse mortgaging the house

[Anonymous No.54912490]

>>54912379
As one final checkmate boomers will pass a law making it illegal to not house and feed them.

[Anonymous No.54912503]

>Get to use stated income instead of credit for the majority of your adult life
>Run out of money

FUCKING
HOW????

[Anonymous No.54912563]

>>54912379
what a little entitled prick. get a job zoomer.

[Anonymous No.54912589]

>>54912563
>entitled to being placed in a nursing home

[Anonymous No.54912633]

>>54912055
>only 3/5 boomers have retirement savings

>>54912482
>Baby boomers really shouldn’t be considered people

Sounds like a 3/5ths compromise to me.

[Anonymous No.54912655]

>>54912379
>caucasian hands typed this

[Anonymous No.54912693]

>>54912482
>Baby boomers really shouldn’t be considered people.

holy keyed

[Anonymous No.54912700]

They have houses that are worth $600k

[Anonymous No.54912721]

>>54912503
I think that since they were given everything without ever having to work, none of them ever stopped to think about the future. They just assumed that the golden age would continue.

[Anonymous No.54912746]

they can just reverse mortgage their house to pay for their retirement
we can keep the housing market up until they die, just gotta keep importing more people who need homes
problem solved

[Anonymous No.54912775]

>>54912055
No bailouts for god's sake. Let these faggots suffer.

[Anonymous No.54912778]

>>54912441
My grandparents on my mother's side worked their whole lives and left her $700,000 ($1.4 million, now, counting for inflation) in multi-generational wealth in inheritance in 1994. And what did my mother do with it, despite having four children, including two adopted children with developmental issues? She spent her entire adult life sitting home watching television and ate through 100% of the inheritance, and now lives on government aid.

And how about my father? After he and my mother divorced in 2005 and he lost her inheritance money to mooch off of, he re-married almost immediatly, to a morbidly obese christ-cuck, who then died 6 years after from Fatitis, and like my mother, he also inherited almost a million dollars. And what is he doing with it? Why he is getting ready to marry wife #3, another fat hyper bitch, this time in Mexican form. He bought them a lake house where he sits all day drinking constantly, filling whatever free time is not in front of his cellphone on social media or in front of a television distress shopping en masse.

Thankfully, I have a $123k income only 3 years in my industry, as a software dev, expect to get to $150 to $160 in another few years, and am saving and safely investing (mostly stock index funds), like a fiend. Fuck my parents, though, especially my mother for stopping the multi-generational wealth with her. Boomers can't die fast enough.

[Anonymous No.54912808]

>>54912778
>Boomers can't die fast enough.
truer words have never been spoken

[Anonymous No.54913099]

>>54912055
literally how,they lived in the most economically prosperous time in history,what did these fat old bastards do?

[Anonymous No.54913117]

>>54912055
Unless you count SSI
then they all have retirement savings. You know, the public savings account that you guys keep trying to label as handouts so you can steal it?

[Love & Sin No.54913125]

>>54912055

Yes.

[Anonymous No.54913137]

I'm not angry that there will be no inheritance. I'm just fucking angry that these fucking entitled adult children live in the best economic time in all of human history and have nothing to show for it. They could have gotten a part time summer job to pay off their 2 story house, but still took 30 years to barely pay that shit off. Their houses were probably only like 80k in today's money. They didn't have to go to college, or college was dirt cheap. They could literally walk out of high school and some business would say "I like the look of your haircut, have a supervisor job!"

[Anonymous No.54913155]

>>54912055
HOW???????? fucking retards had access to dirt cheap real estate and stocks

[Anonymous No.54913165]

>>54912563
Family looks out for each other, it's true and explains things like generational wealth. Why are you too retarded to understand that, faggot?

[Anonymous No.54913176]

>>54913137
>>54913155
every time there was a recession and everyone went broke?
Yep, that was also them. They made and lost and made and lost and made and will lose more than most here have ever made or lost.

[Anonymous No.54913193]

>>54912055
yurosisters, what happened?

[Anonymous No.54913230]

>>54912441
well, to be fair, it's not like you could read anything about investing on the internet in 2002

[Anonymous No.54913292]

>>54913176
>TFW you get your 1099 back and you spent $1,200,00 and gained $1,202,000

[Anonymous No.54913298]

>>54912055
Banks will let them do reverse mortgages to delay price discovery

[Anonymous No.54913496]

>>54912055
The same boomers that own all the houses and have all the wealth?
I wish people would make up their fucking minds.

[Anonymous No.54913509]

>my grandparents (silent gen) were often broke but they never had a mortgage or any kind of debt
>my boomer parents like to point out how poor they were and how great they have it by comparison
>they lead a middle class lifestyle, two cars they always buy brand new and like to go on holidays twice a year
>but they've used debt to do that: car finance, mortgage, re-mortgage, personal loans and now reverse mortgage
>they've told me that they have nothing for retirement, no stocks or nest egg, just debt
>you realize they just got until debt to sustain their lifestyle and actually kept themselves poorer in the long run
>my grandparents in comparison at least had a nest egg and some kind of (albeit crappy) private pension which then effectively "topped up" public pension when they hit retirement age
>my sister and I never got on, never agree, seldom talk to each other
>one thing we both agree is if our parents give us any shit while looking after them they're going into a home
>parents think its a joke, we make it clear it isn't
>they try to use their house as a bargaining chip
>we know they'll want to sell it to pay for their care and also to pay off remaining debt anyway
>grandmother used to complain about blacks in state run home, parents used to tell her not to be "prejudiced"
>said home has only got more "diverse" since then
I look forward to the day when I put those ungrateful, selfish fucks in there.

[Anonymous No.54913515]

>>54912055
my parents

[Anonymous No.54913519]

>>54912439
The youngest ones are 59 and the oldest ones are 77.

[Anonymous No.54913568]

I see many here in thailand and they look at me funny when I buy a full cart full of food like they're jealous. They might be euro boomers though.

[Anonymous No.54913591]

>>54913568
we're wondering why you don't go to the store and buy fresh food every day. Are you running a grocery cartel? Too poor to buy fresh food? Have incredible food preservation powers? Feeding a tiny army?

we get curious.

[Anonymous No.54913606]

>>54913509
day of the pillow was merciful in comparison

[Anonymous No.54913673]

>>54912482
>Baby boomers really shouldn’t be considered people.
They aren't, to me.
They're critters that just happen to walk the Earth

[Anonymous No.54913795]

>>54912055
I cant wait for America to turn into Venezuela after the next administration panics and raises their zoomers' taxes by 50% just to stop the boomers from rioting.

[Anonymous No.54913829]

>>54913795
>boomers
>riot
they’re obese cattle, and won’t dare fight the system. they’ve been entitled their whole lives

[Anonymous No.54913876]

>mfw stupid boomers took out reverse mortgages and then blew it all in Vegas

[Anonymous No.54913894]

>>54913829
I'd love to see a crowd of diabetic fatties try to riot on their mobility scooters

[Anonymous No.54913923]

>>54913496
>The same boomers that own all the houses and have all the wealth?
half the boomers are mouth breathing retards
the other half DO have retirement savings and the more shrewd boomers have like 10+ houses each.

It's not 1-2 houses/boomer. It's zero or one for the boomer cattle and a boat load of houses accumulated to the more rank and file boomer chuds

[Anonymous No.54914012]

>>54912055
Yeah boomers, I'm just not gonna contribute to a 401k so you can exit scam me on your deathbed, that's all. I know, I know! I'm sorry. I'm just not gonna do it. HAHAHAHAHAHAHAHA

[Anonymous No.54914028]

>>54912055
The is why you need Gold and Crypto. When the chips are down the boomers WILL vote to print the money and take the system down with them as their final "fuck you, I got mine" to all of their kin.

[Anonymous No.54914113]

>>54912775
Faggot they've been already bailed out, they're most likely on social security and other government program they use to take care of them.
Jesus Christ you're still paying for them.

[Anonymous No.54914195]

>>54912503
They started life making more money flipping burgers after school than many college graduates make today in the career they actually went to college for. They built up assets and managed to coast on the success brought by the greatest economy the world has ever known. They’ve finally run out of money as inflation and bad financial decisions has eaten away at what they acquired simply by being alive in times of enormous prosperity. Many still haven’t realized how fucked they are as they approach retirement with nothing of value, planning to burden the children and grandchildren who they’ve already saddled with the consequences of their retardation. The day of the pillow is quickly approaching, but that won’t save us from what’s already in motion.

[Anonymous No.54914218]

>>54913117
Did the pay in more than they’ll withdraw? No? Then it’s a handout. Sorry you paid into a Ponzi scheme for 50 years. Probably should’ve put a stop to it earlier so you didn’t get fucked. Can’t blame kids for trying to stop it now.

[Anonymous No.54914237]

>>54912482
Boomers are the weak people creating hard times. But I do wonder how different things would have been if the internet was created a few decades earlier. That really fucked up (((their))) ability to craft narratives and control information. Perhaps boomers wouldn't have been the goodest goy generation if their window to the world for most of their life wasn't entirely controlled by zog.

[Anonymous No.54914279]

>>54914012
that's fine they'll just print money instead

[Anonymous No.54914303]

>boomer politicians too selfish or weak to actually talk about phasing out entitlements for retirement
>even something as basic as a small cut to the programs, they won't budge and treat it more important than education or healthcare
>France raises pension age from 62 to 64 gradually, to 2030
>country chimps out and strikes
>my own country Ireland has raised it to 66 in 2020 because they knew cutting the program was unpopular and raising the max age would kick the can down the road
>no chimpouts or strikes
That said they rape us in taxes already. Absolute shambles of a system that takes half of your salary and then tosses a free eye test and other bullshit I don't need to try to justify taking so much money (which a lot is wasted). Were it not for the multinational tax revenue these place would probably be a lot worse.

[Anonymous No.54914312]

>wealthiest generation with highest purchasing power in the history of humanity
>40% have no money to retire and will live on social security at borderline poverty levels
What the actual fuck is wrong with this generation?

[Anonymous No.54914335]

>>54912055
How the fuck is that even possible? With dividend reinvestment, if you had $100k invested into the market in 1995 it should be worth at least $1million today. What the actual fuck have they been doing?

[Anonymous No.54914366]

>>54914218
>Did the pay in more than they’ll withdraw? No?
yes
aside from the fact that it's invested in assets that appreciated, it's also timed so the average retirement age is median age of death. So about half of them paid in and will die before they get any out.

it was designed to make money, it's a retirement scheme that rips people off. But it's still getting stolen from them anyways. And from you. You guys are the real suckers because as long as you treat it like gibs, you're never getting back what you paid in.

[Anonymous No.54914381]

>>54914366
I’ll be happy to lose what I’ve paid so far not to get fucked out of what I’m forced to pay in over the rest of my career. If the program was a net zero or positive, it wouldn’t be insolvent.

[Anonymous No.54914390]

>>54912483
yes? so? they will still get beaten if no kids show up to visit

[Anonymous No.54914405]

>>54914366
Boomers didn't pay enough into Social Security and they also didn't have enough kids to prop up old people gibs. Politicians have known for decades the system will get fucked under the weight of boomer retirement. Boomers did nothing about it while they were still working when a small tax hike would have kept it solvent long term because that would have been a tiny bit of pain for them. Instead they did nothing and let the problem fester until after their generation retired, correctly betting that younger generations wouldn't have the balls to tell boomers to get fucked and immediately cut their benefits. Instead younger generations will have to deal with higher taxes, higher retirement ages and smaller payouts while boomers ride off into the sunset after giving the rest of us one last "Fuck you."

[Anonymous No.54914419]

>>54912490
Such laws existed in Ancient Athens

[Anonymous No.54914428]

>>54914405
Younger people don't vote.
One day it will occur to them why Boomers sure as fuck do.

[Anonymous No.54914434]

Not my problem.

[Anonymous No.54914440]

>>54914405
Or--how about this--stop fucking taxing me, cancel ss and make people responsible for themselves. Can't do that though because it's all niggers and spics now.

[Anonymous No.54914462]

>>54914237
The Internet was created as soon as it could have been barring some insane time travel shenanigans like transistors being invented in 1890. If anything I think this IS the interfered with timeline, teeing up the peak years of Moore's Law to be GenX and millennial childhoods to enable everything from Internet free speech to AI to to 3D printed guns to reusable rockets to appear right as the boomers are too old and feeble to do anything about it besides flail impotently with threats of regulation.

[Anonymous No.54914487]

>>54914434
id rather be homeless than be in an old folks home
god i hate those places

[Anonymous No.54914553]

>>54914237
Is that a greedy merchant or am I just racist

[Anonymous No.54914631]

>>54914381
>If the program was a net zero or positive, it wouldn’t be insolvent.
sure it would be

the politicians the boomers elected turned into a government slush fund and then didn't pay back what they "borrowed."

and they're going to keep doing it. Because Jesus and guns means you can steal whatever you want.

[Anonymous No.54914668]

The final redpill is realizing all of this is caused by television, the most damaging invention in human history. We'd all be groveling boomer-lites today if not for the wild west of the internet.

[Anonymous No.54914689]

>>54914668
ah the internet, where you get to brainwash yourself. So much better than tv.

I think lead poisoning from paint, bullets, and gasoline probably did worse things to boomers. Cable tv was a rich man's luxury, and regular tv sucked hairy balls.

[Anonymous No.54914703]

>>54914434
It should be a fat black woman with a star wars shirt punching an old white man trying to explain how much he loves MLK jr

[Anonymous No.54914707]

>>54914428
I know. If any candidate, regardless of party, ran on a platform of maximum boomer pain I'd vote for them. Boomers voted to help themselves and fuck over future generations before we were even born so we're justified to do the same thing to them.
>>54914440
The average person is too poor/dumb to put enough away for retirement. Doing nothing about it means you're either spending a lot more to support them when they are too old to work or you're going to have millions of homeless, starving old people. If you're on /biz/ you are probably smart enough to handle your own retirement, but most people aren't as financially aware as we are so something has to be done. If boomers just chipped in a tiny bit more throughout their working years or had more kids there wouldn't be any issues with boomer gibs. The problem is with the "Fuck you I got mine" generation, not the entire system.
>>54914462
It's scary to think how much more pozzed the non-internet timeline became.
>>54914553
It's an AI-generated merchant.

[Anonymous No.54914721]

>>54914707
>If you're on /biz/ you are probably smart enough to handle your own retirement,

[Anonymous No.54914732]

>>54914721
OK, maybe I should have said you'll either make it and retire young or you'll rope.

[Anonymous No.54914734]

>>54912055
Based boomers, they will destroy america
I`ll make youtube vids to help them live 3 extra years

[Anonymous No.54914755]

>>54913894
That's what 1/6 was and it was considered the most dangerous day in history.

[Anonymous No.54914764]

>>54914732
that seems likely, we have some brilliant motherfuckers here and a whole lot of idiots trying to copy them.
>>54914707
>If any candidate, regardless of party, ran on a platform of maximum boomer pain I'd vote for them.
You've been conditioned to hate the only significant political group that largely agrees with your politics. What an interesting turn of events, huh?

[Anonymous No.54914778]

Reminder that true boomers are aged 60 - 77, which makes this more bewildering

[Anonymous No.54914811]

>>54914764
Boomers are mostly Israel-loving cuckservatives. They're the ones who sold the country's manufacturing capability to China, flooded our labor market with Taco Americans to drive down blue collar pay and Pajeets to drive down white collar pay and cut higher education spending as soon as they were done with college, effectively privatizing what was previously a public expense once it was their turn to pay it forward. All of those things fucked over younger generations bigly to enrich boomers. We only vote the same way because American politics has an illusion of choice instead of real choice. They are not my allies just because we both vote straight ticket R.

[Anonymous No.54914832]

>>54914811
>we both vote straight ticket R.
those are the politicians that sold your future, not the boomers themselves.

and you idiots keep right on voting for them. Your grandkids are gonna kill you.

[Anonymous No.54914919]

>>54912778
I hope you put whatever you pass down into a trust so this can't happen again

[Anonymous No.54914967]

>>54912055
>Half of all boomers face when

[Anonymous No.54915205]

>>54912441
Considering that she made withdrawals and it's only down 25% it sounds like it could be worse but I otherwise agree. It sounds like the corporate bonds helped keep it in any way steady.

[Anonymous No.54915245]

>>54913230
True. Investing was still the Wild West for most of boomers' lifetimes, access to the markets was harder than a few clicks, brokers charged high fees on trades and mutual funds had outrageous management fees and they did their best to obscure the existence of index funds. Investment advice was on much shaker ground then and Wall Street was at its strongest to market themselves as middlemen to handle your money.

On paper the boomers had all the potential in the world to be wealthy by now but in practice most boomer wealth is held by a scant few people.

[Anonymous No.54915269]

>>54913230
I don’t blame my parents because of this. You don’t know what you weren’t taught. My dad paid into a “money savings account” and when he passed me and my brother inherited it. He paid $80 a month starting in 2001. He passed this year and me and my brother cashed it out and split it, it was 7.5k each. I seriously don’t know how they are able to sell such garbage products to people like this. A giant hole that he threw 80 bucks in every month would have been better

[Anonymous No.54915291]

Boomers universally fucked up regardless of nationality, truly crazy to think about. This is proof that their character flaws are all originated from the easy life they have lived. I still hate them don't get me wrong.

[Anonymous No.54915294]

>>54912490
Day of the pillow prevents suffering by all generations.

[Anonymous No.54915334]

>>54912055
>my parents included
uh oh

[Anonymous No.54915386]

>>54912778
>as a software dev
heheheh

[Anonymous No.54915397]

>>54912055

Good. They ruined their own lives like America.

[Anonymous No.54915647]

>>54914487
You haven’t seen the advertisements for old folks homes. Those places look great. No wonder they’re so expensive.

[Anonymous No.54915757]

>>54914312
Someone post that webm of boomers on slot machines in a casino.

[Anonymous No.54915823]

>>54915757
>Someone post that webm of boomers on slot machines in a casino.
Can I get a subsequent follow of that one being unpolitely helped into bed ag the care home?

[Anonymous No.54915850]

>be boomoid
>minimum wage was like $100+ in todays money adjusted for real inflation
>most areas you grew up in were 99.99% white. No diversity quotas and merit actually matters
>no big wars to annihilate your numbers and cities
>constant financial bubbles that could make you rich (but you still missed them all or bought the top because you're retarded)
>go on constant holidays and restaurant trips
>afford house, wife and 3+ kids with ease
>constantly borrow money to buy shit, but you always end up richer because your the stock market has been in a nonstop bullrun since ww2
>buy 3 cars even though you only use one
>buy boat even though you only use it once every 5 years
>be fat retard with a huge beer belly, and yet you're still attractive to other boomer women, because you all live in an insulated boomer bubble
>randomly have the desire to build your own shed for your favourite car. Buy $10k worth of materials to build it. Lose interest before starting and let the materials rust away somewhere out the back of your property. The rusted materials sell for $20k a decade later
>get a big pension just for being an old piece of shit
>even though you never saved or tried to be smart with money, your shitbox house is now worth 1 million dollars, and you have several potential buyers that are offering 20% higher than the listing price
>a clueless dinosaur in 2023, you still manage to get hired nearly anywhere you want, because boomers are the jews of generations, and always choose to hire and promote each other before anyone else
>import a billion third worlders just because you want your real estate bags to pump even higher

the most powerful generation of all time

[Anonymous No.54915973]

>>54914279
that's why the high iq are going all in on assets

you inflate the money that inflates the value of my assets, and no I don't mean stocks and real estate, I mean, guns, xmr, gold, silver, even vehicles

[Anonymous No.54916002]

>>54915850
you pretty much got all of it, even the little things

[Anonymous No.54916051]

>>54915647
Kek one of my friends grand parents the so called boomers went for a vacation to Raiwasa Resort in Fiji. And shit they weren't dumbos fuck they used crypto to pay for the whole trip.

[Anonymous No.54916217]

>>54912055
My grandfather has been retired as long as I can remember. He trades in his corvette and Harley for a new one every year. I have no idea how much money he has, or if he has passive income or funds all his hobbies by blowing through savings and/or debt.

[Anonymous No.54916419]

>>54913117
None of the money paid into social security is used to pay social security benefits, believe it or not. There’s no money “saved”.

[Anonymous No.54916437]

>>54912055
>Activates reverse mortgage

[Anonymous No.54916484]

>>54916217
These sick bastards bought houses on the cheap and are taking out cash for the equity based on it's current value. "Oh anon, you may be inheriting your grandfathers house, but he actually owes 100+k on it, and only has about 60% equity, you'll have to pay that off along with property taxes adjusted to it's current value" thanks for playing!

[Anonymous No.54916609]

>>54913591
It's called not living day-to-day and planning for the future. Clearly something your generation failed to do, hence your current situation

[Anonymous No.54916666]

Anyone else hoping that your parents are no longer alive because of a no-cost accident?

[Anonymous No.54916686]

>>54912055
I'm a fucking NEET and even I manage to save 100 busks a month, how can so many be so incompetent?

[Anonymous No.54916703]

>>54913117
Social security is just a regressive tax paired with a progressive welfare system. The boomers who allowed the tax to exist also allowed the government to spend it on other things. It is immoral to take my more of my money to pay for these people who spent it all.

[Anonymous No.54916902]

>>54914631
>the politicians the boomers elected turned into a government slush fund and then didn't pay back what they "borrowed."
So the boomers spent it. Which means they’ve already taken out more than they put in. Which makes it an entitlement. Not my fault they let themselves get fucked and I don’t blame young people for trying to stop the bleeding and prevent themselves from getting fucked both now and when they retire.

[Anonymous No.54916975]

>>54912441
>she actually thinks it's "doing well", because it's almost the same amount 21 years later
most people don't understand inflation.
at all.

[Anonymous No.54917783]

>>54915269
Nigga what?
80*12*22/2=21/2=10.5

Your dad got scammed hard. Like not even inflationjew scammed, like you literally would've been better off burying it your yard scammed.

[Anonymous No.54917800]

>>54912655
You're right, brown people can't reverse mortgage their favela slum.

[Anonymous No.54917977]

>>54916666
I rebuke you satan

[Anonymous No.54918001]

>>54915269
Boomers fall for all sorts of bad investments. When I was born my uncle gave me a few thousand dollars in an investment account that would grow over the years. When I looked at it all the stocks were garbage nobody has ever heard of and it massively underperformed the S&P but if that wasn't enough the boomer company also charged ass rape fees on top of that.

[Anonymous No.54918055]

>>54918001
That's my my uncle suggested me to invest in crypto. Some of his suggestions ETH, METIS, QRDO and QANX. Hope it fetches me good returns.

[Anonymous No.54918164]

>>54912055
>boomers won't saved for their spoiled kids
based, normally I'd say that's a scumbag move but the generations after boomers are so shitty that it's warranted

[Anonymous No.54918179]

>>54912482
It's only fitting that the children of the generation that fought for Israel should die by Israel

[Anonymous No.54918295]

>>54915269
My dad did something similar with my college fund with his "broker". My entire childhood he made it seem like he had a ton of cash set aside for school yet when time came to pay for enrollment I got a whopping $700.
He was dumbfounded when I said it wouldn't even cover a semester. I guess the GI Bill and being a Boomer is a hell of a combination.

[Anonymous No.54918339]

>>54915973
This isn't a bad idea but I'm not sure how well guns will hold up as far as continually increasing. I got into milsurps in the early 2000s and I can't see too much more of an increase as cheap ammo is a thing of the past and you have reproductions coming of very desirable guns. Why would someone pay $3,000 for a vintage 1873 Winchester in some anemic chambering when they can get an Uberti reproduction for $1,200 in .357 Mag?

[Anonymous No.54918981]

>>54918295
That’s enough to cover the textbooks for a semester. Glad you got something.

[Anonymous No.54919022]

All you dumb fucks celebrating this are delusional.
You WILL end up paying for this somehow.
>inb4 this time it's different

[Anonymous No.54919200]

it is easier for a camel to pass through the eye of a needle than it is for a rich man to enter the kingdom of heaven. these boomers are about to receive some everlasting paradise while a bunch of biz losers seethe.

[Anonymous No.54919230]

>>54912055
>AAAAAAAAAAAAAAAAAAAAAA WE NEED HELP RETIRING! THOSE MILLENIALS CASHED OUT BEFORE WE DID.

[Anonymous No.54919243]

>>54914303
>>my own country Ireland
Hello fellow Irish anon, you plan on leaving this country as well once your set to do so?

[Anonymous No.54919271]

>>54915269
>>54918001
I'll see your fiscally-naïve-boomer, and raise you the get-rich-off-nothing-boomer.
My grandad and great uncle bought a bunch of baseball cards and hotwheels over the course of my child hood an kept giving them to me, always saying that they'd be worth a lot of money someday. Told me to never play with them, just take care of them. So, I put them in a box and stuffed them away. My dad has made several comments over the years, "you still got those baseball cards?" "Those things will pay for your college," I always left them alone, like I was told.
>got to college, play magic the gathering, learn how secondary collectible novelty markets actually work, realize that baseball cards are boomershit that isn't even popular and that my magic deck is easily more valuable.
At this point I knew it was all worthless, but I just kept that to myself. As I've gone through my 20's my dad got into stupide reality shows like Pawn Stars and Pickers, perpetuating his ideas about those damn hotwheels even more.

This year I opened up the box.
>Collection is small, no where near the amount a real collector would really care about.
>hotwheels are all random, incomplete years and series.
>baseball cards are from 20 different brands I've never heard of, none of them are from the top 2 brands according to google.
>all the cards are opened, held together by rubber bands it their lucky, been rattling around loose my whole life.
The disappointment in my father figures overshadows any frustration I feel.

[Anonymous No.54920978]

>>54916666
Checked

[Anonymous No.54920997]

>>54919022
The IRS doesn't even make outcalls LOL. People wait two hours just to talk to the people in this image

[Anonymous No.54921026]

>>54919271
I’m looking for a grade 9 rookie (((Koufax))). By any luck, you got one?

[Anonymous No.54922637]

>>54915973
based on your reasoning on what conditions would you hold paper dollars over assets

[Anonymous No.54922662]

>>54912379
Kek this is the way

[Anonymous No.54922688]

>>54912503
Their pensions are more than what a high skilled job pays so they just go all-in

[Anonymous No.54922726]

>>54913176
Youre retarded and dont know shit about macro or history

[Anonymous No.54922748]

Now combine this with the fact that so I'll security is completely going to dry up in the next 10 years

Hope you boys are ready because bullets will unironically start flying

[Anonymous No.54922777]

>>54922748
Social security** no I didn't have an aneurysm while typing

[Anonymous No.54922779]

>>54912055
Wouldn't most of them be sitting in houses worth more than what they should actually be? I think they'll be fine.

[Anonymous No.54922838]

>>54922748
>>54922777
I've heard about social security drying up. Olds are gonna be mad, "we're entitled to that money! we built this country!" yada yada yada.

[Anonymous No.54922839]

>>54922779
The housing crash will be timed perfectly for when boomers try to cash out their houses. Or rather, them all selling to cover the losses of their terrible fiscal decisions will also crash the market hard.

[Anonymous No.54922854]

>>54914335
They lived their lives off debt. Spent every dollar they ever made and the rest went on the credit card. To them something like investing was for the rich wall street types. It's no coincidence the gold standard disappeared around the time they hit adulthood and our current shitty fiat system began.

[Anonymous No.54922866]

>>54919271
The naivete is almost endearing. He was misguided and thought that his not huge investment would pay off for you, but he also thought about you and always made sure that he tried to do the right thing for you, even in his misguidedness.

Yes, he would've been better off buying alpha, but fact is, nobody knew what magic really would become back then. He bought baseball cards when they were understood popular and tapering off, thinking they'd stay popular. He was just operating with the best intentions and his limited knowledge.

I love him either way.

[Anonymous No.54922874]

>>54912439
Turning 60 and the top end turning 80.

[Anonymous No.54922884]

>>54912439
Unfortunately for you, by the time the last of them are dying off, you'll be en route to 60 and the next generation will be waiting for you to die off.

[Anonymous No.54922894]

>>54912379
Based.

[Anonymous No.54922914]

>>54922884
Boomers will start dying off in mass in about 10~15 years. Now I'm 30. I don't want to wait to buy a house, so I closed on a house last month. I rather be 10~15 years into the loan and have 10~15 years of inflation than wait for a cheap house.

[Anonymous No.54923083]

Shoutout to fast food restaurants for helping bring down the average life expectancy. They're the unsung heroes of america.

[Anonymous No.54923090]

>>54914237
>That really fucked up (((their))) ability to craft narratives and control information
lmao
>Perhaps boomers wouldn't have been the goodest goy generation if their window to the world for most of their life wasn't entirely controlled by zog
>people are less herd-like with internet access
LOL

[Anonymous No.54923151]

>>54912700
they are only worth what people are willing to pay

[Anonymous No.54923171]

>>54923151
in a lot of markets people are willing to pay more than what they're valued at.

Not that most boomers intend to ever sell.

[Anonymous No.54923175]

>>54922914
Fun fact: you won't be getting a cheap house when they retire either because the ones that owned homes are selling them already to fund their retirement or giving them to someone who isn't you as an inheritance

[Anonymous No.54923193]

>>54923175
some of our kids will be forced to sell because you can hand them a house but we never kicked them out and forced them to learn what they need to do to keep it.

[Anonymous No.54923349]

>>54923171
i know but if it was true that poor people are the future it would become harder to sell something for that much. if they still sell then there is nothing to worry about

[Anonymous No.54923420]

>>54923090
He has a point, people are less herd like with internet access.
Hence the need for polarization, radicalization, marginalization and micro-influencers.
They shit themselves a decade and a half ago when they failed to take the internet seriously and there's no pretending otherwise.

[Anonymous No.54923423]

>>54923349
I think we're headed back to victorian economics where home owners are the new aristocracy and the rest of the populace sleeps in shifts in some crowded flophouse. Or maybe pods are the future.

either way it's possible for most people to be unable to afford a house, and for houses to still sell for extremely high prices. Even now, it's not poor people paying those prices for houses.

[Anonymous No.54923599]

>>54923349
We're less worried about selling our houses, and a lot more worried about who's going to be buying them. We realize that while over half of us could afford houses 20 or 30 years ago, almost none of us could afford a house if we had to buy one right now. Which means our grandkids are also priced out even worse than we currently are.

We're not worried about us, most of us did just fine. We're worried about you guys because a lot of you don't stand a chance in this economy.

[Anonymous No.54923664]

>>54923599
>a lot of you don't stand a chance in this economy.
Or this society.

we raised our kids with unrealistic expectations about their own chances for success, how much work is required, how shitty that work is going to be, and how they need to behave in romantic relationships to get what they want. Society in general is no longer geared towards finding a job and sticking with it for 20 years, let alone finding a spouse and both of you working towards the same goals for 50 years.
Getting married and working at the same company for 20 years straight was pretty much a requirement to owning a home in our lives, and I don't know if that's even possible anymore. It doesn't seem like it.