>Investing is risky business!
>Investing your money is for people who already have a lot!
>The stockmarket is rigged
>The stockmarket is random and completely unpredictable, so it's best not to bother
>I play computer games
>I just keep my money in my savings account, that way it collects interest and I can save up!
>Saving for retirement? Haha i don't plan to be alive that long.
>I'm too young/old to start a business
>I do not listen to Maybach music
>All the good business ideas were taken already
>All the smart products or services were already invented before me
>____? Nah that's nonsense! Just get a regular job ya dummy!
>Anon, you need to pay for us when we're older, we raised you afterall
>Cmon bro lend me $100, i need it to buy more Vemma, trust me it will make us earn MILLIONS
>Reinvesting your profits? That's retarded, why earn money if i don't spend it on fun?
>Live within my means? But Shaniqua/Johnny has that new iPhone 9s deluxe platinum edition, I need it too...
>I only work 40 hours a week but i wish to get rich
>I don't actively work on improving myself
>What's the point of books? I'm done all my reading!
>I play videogames lol it's fun!
Living with my grandfather so I can get a bachelor's debt free. Talks constantly about saving. Mention that I'm thinking about putting my savings in a mutual fund and/or an IRA.
>No anon you don't want to do that
>WW3 is going to break out any day now and the banks and market will collapse
"But then money would be useless anywa..."
>Just save that money in cash and put it in a safe in your closet!
I've learned to filter his advice. Some is great and stuff I haven't thought about. Other shit is retarded.
>>WW3 is going to break out any day now and the banks and market will collapse
>>Just save that money in cash and put it in a safe in your closet!
Has your grandfather been on /pol/ lately?
>I've learned to filter his advice. Some is great and stuff I haven't thought about. Other shit is retarded.
Same here. I've learned to realize that parents/most friends/people in general might be nice and have good intentions, but they don't know SHIT about shit.
I tend to just pretend to take their advice and act as if I really value you it, and just keep doing what I know is best. Sometimes if they bring it up(or I'll even bring it up myself) I'll thank them for their advice and say it really helped me out.
Let's dispel this fiction once and for all that Barack Obama doesn't know what he's doing. He knows exactly what he's doing; he's undergoing a systematic effort to change this country and make America more like the rest of the world. If I'm elected we'll embrace what makes America the greatest country in the world
>>I just keep my money in my savings account, that way it collects interest and I can save up!
Can someone redpill me on this? What's wrong with a savings account?
>>I play videogames lol it's fun!
What's wrong with video games as long as you don't let them consume your life?
Let's dispel this fiction once and for all that OP doesn't know what he's doing. He knows exactly what he's doing; he's undergoing a systematic effort to change this board and make /biz/ more like the rest of the internet. If I'm elected we'll embrace what makes 4chan the greatest imageboard in the world
>Can someone redpill me on this? What's wrong with a savings account?
A savings account will give you 1-2% interest, meanwhile the currency is losing 5-10% purchasing power per year due to inflation.
So what should you invest your money in? Surely a savings account is better than putting your money under your pillow, and throwing everything into the stock market doesn't seem like a great idea.
You can't start a business without a lawyer, an accountant, insurance, a town license, a county license, a state license, a federal license, and express written consent of Microsoft, the NFL, and the letter C.
The guy you're responding to is a fucking retard, disregard what he's saying.
Returns on savings accounts are small, but they're liquid funds (easy to access) and theres no transaction costs for using it as an investment vehicle.
There are certain investments that pay better, but they vary in risk and liquidity.
From lowest risk you should consider:
Stocks (market portfolio)
Stocks (small stocks portfolio)
These days returns on the market portfolio are slim, most companies are using a market premium of 5% for their calculations. I would assume most savings accounts give a little less than government bonds, but short term government bonds already are so low-return it's like who fucking cares unless you're trying to mathmatically alter your portfolio's duration (risk)
>meanwhile the currency is losing 5-10% purchasing power per year due to inflation
In what sub-Saharan African country do you live in?
The most obvious is the Federal Reserve’s measure of monetary inflation. M2 measures the supply of US dollars, which includes cash, checking deposits, saving deposits, and money market mutual funds. The more money that’s created and put into circulation, the less valuable it becomes. And the Fed has created a lot of money recently. The Fed’s unprecedented bond buying program, Quantitative Easing, created $116 million an hour for the entire year last year. It doesn’t make sense that the BLS’s measurement of inflation was only 1.5% last year, while at the same time, monetary inflation grew 4.9%.*
*Footnote: On 01/07/2013 M2 was $10.452 trillion. On 01/06/2014 M2 grew to $10.962 trillion. That’s a 4.9% increase in the monetary base in just one year. Conversely, a 4.9% decrease in the value of the US dollar.
I go to the casino with my friends once every so often. It's an enjoyable activity, I socialise and have fun.
Only costs me ~$300, which is the cost of 3 or so dates, or any other comparable leisure activity.
Plus there IS a small potential of profit. But mostly it's me having fun.
Literally no (0) issue with gambling as long as it's purely for fun and within your means.
>BLS’s measurement of inflation was only 1.5% last year, while at the same time, monetary inflation grew 4.9%.*
Indeed. Poors haven't seen any of that money so consumer goods haven't been increasing in price much. If you want to see the inflation look at what rich cunts buy because they're the only ones seeing that money.
>friends constantly complain about having no money
>all of them in credit card debt
>all of em spend 100's a week on weed and eating out
>none of them understand basic personal finance stuff like having a TSFA, emergency funds ect
Well the CPI is evidently shit because if it's reading 1-2 and the montary base is on 4-5 then it's missing quite a bit.
Sounds like it's no better than the official unemployment figure.
Sigh, guys, what are you going to do, be buried with a pile of your money?
No! Don't be afraid to spend some of it on your happiness, especially if you're making TONS of money, spending SOME of your tons and investing 99% of your tons of money is FINE.
I'm not making an investment when I go to a casino- I'm there to have fun, meet people, and I'm there with a date- I want to FUCK AND HAVE FUN
If you make 100k$ a year and have student loans of course stay out of the casino moron!
It just seems like the shittiest way to spend money to have fun if that's really it. I can understand if you're having on with your mates about who's going to win a game/race/election and you put money on it, or play poker or similar with some mates, but I just don't see the appeal otherwise.
Casinos just seem like throwing money at a RNG at stacked odds. What's the appeal? Where is the fun?
>play poker or similar
YOU MEAN LIKE IN A CASINO? WHERE GAMES OF CHANCE ARE HOSTED?
Poker with buddies is fun, but casino poker, free drinks, lots of girls everywhere, it's different
Yeah look I don't have anything against casino poker really (I'm the guy you're quoting but on my pc - was on phone) but from having spent a bit of time at a casino (employee) most people aren't playing poker.
Of course he's wrong- you WONT convince him he is wrong.
He just wants excuse for why he hasn't done it- he doesn't want to hear that it is not as hard as he pretends.
If I buy a broken phone on craigslist for $50, and sell the logic board for $150, whos going to arrest me? NO ONE.
But this lazy neet/cuck will find excuses
>Sigh, guys, what are you going to do, be buried with a pile of your money?
>No! Don't be afraid to spend some of it on your happiness, especially if you're making TONS of money, spending SOME of your tons and investing 99% of your tons of money is FINE.
Who the fuck do you think you're talking to? I enjoy everything under the sun apart from throwing my money away like a chump. You act like someone who doesn't like gambling must be some middle aged boring cuck with a stick in his asshole. What if I enjoy coke parties off the south of France and general testosterone fueled degeneracy?
>What if I enjoy coke parties off the south of France and general testosterone fueled degeneracy?
Neither do the people whining about gambling being a 'bad investment'.
I just bought a boat. It's not an investment.
It will go down in price. IT IS STILL A GOOD PURCHASE BECAUSE IT MAKES ME HAPPY
LIFE IS ABOUT BEING HAPPY
MAKE ENOUGH MONEY AND YOU CAN SPEND SOME AND STILL BE DOING BETTER THAN THE GUY WORKING AT THE CALL CENTER MAKING 40K A YEAR
Yes I do, I don't get to do it much at all but some of my happiest memories have been outside of my shithole country, the UK.
Yeah ok again, you're talking like I'm some uptight dad or something, I just told you I enjoy everything but gambling, I don't give a shit what you do with your money. Who are you capslocking at? I agree with you, you dumb faggot.