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/biz/ - Business & Finance

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56197974 No.56197974 [Reply] [Original]

INVEST IN A MUTUAL FUND THAT OUTPERFORMS THE MARKET STOOPID
>Okay which ones are they Dave?
SHADDUP

>> No.56198106

Zoomers require instant gratification

>> No.56200073

>>56198106
I mean Dave Ramsey has a radio show dedicated to personal finance and he does say outrageous shit like this, so it's pretty fair to want a little specificity when he gives advice.

>> No.56200119
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56200119

>>56197974
You can usually look at how well a fund has performed online. It takes a little research. Just watch out for fees.

>> No.56200150
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56200150

Dave Ramsey is just another typical YouTube grifter at this point:
> Makes all sorts of promises on "changing your life" for only $49.99 a month
> When people have questions of specifics, even after taking his costly programs, he instantly gets angry and proceeds to gaslight you on, "it's all your fault you're not making money!" and "stop being lazy!")

There's two truths as to why YouTube grifters act like this:
> Scenario 1 (most common): The majority of their money comes from clickbait ad revenue, point blank end of story. All they have to do is sell a lie that lures in sheeple who don't know any better. They can use photoshop and lies about revenue vs actual profits to deceive people into spending money on their expensive courses/programs. Once they have your money, all they have to do is gaslight you constantly to avoid legal liabilities.
> Scenario 2 (less common, but it happens): Said guru actually did "make it" off of what they teach, problem is they deliberately hide the real secret sauce behind their success (yes, secret sauce DOES exist to you boomers who doubt me out there) because if they unveiled said secret sauce, that would introduce unlimited competition to their successful business model, which would thereby kill the gurus' future profits. Competition = bad for business, why do you think monopolies, patents, copyright and trademarks exist if this weren't true?

>> No.56200211
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56200211

>>56200150
Idk man his principles are about as basic as it gets. I don't see where he gets cornered and dismissive. It's just slow and steady wins the race. You're not gambling on some meme coin taking off that you bought on credit.

>> No.56200237

>>56200211
the problem is most of biz is low iq wagies, for us with 200k plus jobs, saving is different

>> No.56200317

>>56200211
it's simple but it's also just not enough.
a couple with a household income at $150k banking 15% annually for retirement... retirement will never come.
I mean for christ's sake, I've been seeing investor advice now that talks about a 7% return YoY.

>> No.56200573
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56200573

>>56200317
That is a bare minimum though. Once you've paid off your house, you just start stacking cash. Without payments of any kind, there's no reason not to do so.

Of course, if you're already like 67, the math is different. But if you're at that point, you should know by now your golden years will be humble because of the bad choices and/or luck you've had.