Thread 60855512

Before you have a kid, If you put 3k USD into an investment account, and that account appreciated by 10% year over year, by the time your child hits retirement by the age of 70 they will have 2.34 million dollars

Just a daily reminder,

2.34 million dollars will rent them a pod for one whole year

>>60855512 (OP)
Usd, kek

>>60855523
That's only if you're canadian

>>60855512 (OP)
>that account appreciated by 10% year over year

That's impossible you stupid retard

its unsustainable

10% gains only come at great risk too

>>60855512 (OP)
>10% year over year
t. blvck sage

also this >>60855523

room temp iq op
>back to school, learn basics!

>>60855512 (OP)
Both my kids are wholecoiners, they don't even know it. They'll get the private key at age 25 and not a day before

>>60855643
You greedy little fuck. They could use that money now, and you're literally a monster for selfishly keeping it from them.

>>60855512 (OP)
Generally, boomers are uneducated as fuck when it comes to finance. All they did was buy a house and, if they were successful in their work and had spare income, buy x more homes as 'buy to let'.

They didnt have to think about investing because their pensions were DB, so they had guaranteed income for life, and cost of living and property was cheap.

Investing into the stock market was always considered risky. It's why when my grandparents left me money, instead of it investing at a return rate if 8%, in a global index fund, it was earning nothing in a bank.

>>60856196
It's amazing how easy boomers had it. You literally walk in to a factory job out of HS and make 80k, and buy a couple shares of coke or Pepsi and watch it return 10000% in 30 years.

One day in my business class in college like the richest guy in town stopped to give a talk about his success. I remember everyone was so excited. He was pretty much like "yeah I bought Pepsi and coke and shit it was hard not to sell during crashes but my wife told me not to" now he's sitting on tens or hundreds of millions. He sounded so stupid I remember my professor actually apologizing to us. And his name was on the building.

I think it was just a higher barrier of entry and those that were smart enough to buy stocks in the 70s/80s gambled it all away on penny stocks like in Wold of Wall Street. When justing holding any major company would have made you a millionaire today many times over. I wonder if in thirty years zoomers or whatever comes after them will say the same about us and Bitcoin and alts.

>>60855512 (OP)
>Here son, we made this investment account for you, because we care about you. Now that you're 70 and your life is pretty much over you can spend it however you like xD

>>60856196
>investing into the stock market has always been risky
Yeah that’s what Millenials and Gen Z don’t realize lol, they’ve always seen the market bounce back within literal years, they’ve never actually been snubbed by the market their entire life. There will certainly be an extended bear market eventually and it will fucking wreck the buy the dip generation

>>60855643
That's awesome. Wish I could afford a bitcoin for my son, maybe some day

Why not just invest everything you can into the same accounts and then give them their own nest egg when they need it? Lol

it isn't magical because you set it apart

>>60856257
I wonder what the blue chip companies of today are.

>>60855643
Unless they're already 22, it's gonna be way too much money for a 25 year old kid.

>>60855512 (OP)
>2.34 million dollars
that will be nothing in 10 years

>>60855574
Nominal annualized return (1926–2023): about 10–11% per year on average.

Real (inflation-adjusted) return: about 6–7% per year.

>>60856174
if he gives them the money right now while they are still little tards they will just lose it or spend it on something useless

i would say even 25 is kind of too young to receive that gift, a 25 year old is just a grown up retarded toddler

>>60855512 (OP)
>retirement by 70
>enjoy the next 8 years anon, go explore the world now
>be sure to not have any health problems tho that might fuck your savings
Do US retards really ? You guys are proud of playing a rat race it's crazy

>>60856362
The pre depression era s&p500 is rarely ever included on graphs. There was 0 inflation adjusted gains from 1880 until 1950. People always forget this and just assume it will continue the 1945 to 2025 trajectory.

>>60856420
Exactly, and with the threat of a multipolar financial system dethroning the dollar I think the current market is absolutely insane for the valuations it has. I guess there’s no alternative though, what do you do, cash out your money to enjoy a decade of decadent living speeding up decline?

>>60856420
>here was 0 inflation adjusted gains from 1880 until 1950

Functionally impossible considering how rapidly the US developed in that time frame. Of course guys were getting rich in stocks.

>>60856466
Look at the picture I responded to. The s&p 500 was ~200 in both 1880 and 1950.

>>60855574
JEPQ yields an 11% dividend on top of gaining value as an actively traded ETF

>>60856407
>i would say even 25 is kind of too young to receive that gift, a 25 year old is just a grown up retarded toddler
Why do americans think this

>>60856558

It's a log scale graph and misleading. You're also assuming one would dump everything they ever earned in right at the top in 1882 or whatever that is. Rest assured you would have been doing fine if you DCA'd from 1880 to 1920.

I'm not disagreeing that our current system is more equities-maximal though. It's all geared towards feeding into the stock system now, in a way that it wasn't prior to 1970 and 1930. But that's also why you want to be in them, because they will ruin most other asset classes before they let stocks perish. They will let cash/bonds die in order to save stocks.

>>60856420
>>60856558

those time periods are irrelevant in clown world
people lose a lot of money forgetting that

any data pre 2008 is irrelevant

>>60856466
>Of course guys were getting rich in stocks
Yeah, off stocks in private companies that they collected dividends from.

>>60856611
nigga talking about DCAing from 1880 to 1920 lool you'd be too busy trying to avoid dying from dysentery to be "DCAing" dumb bitch

>>60856592
its currently at 9.2% though, which fluctuates.

>>60856690

Well I mean... kind of highlights how dumb it is to compare pre 1950 stocks to now. It was basically a toy back then in comparison.

>>60856665

Before stockmaxxing became the norm they were also in gold, bonds, private investments like you said. But now there is no choice, due to how subsidized and protected it is it's simply the safest and easiest option.

>>60855512 (OP)
Ask me how I know you have no children.

The little shits are never-ending financial black holes. Parents don't get to live where they want. They have to live in an expensive neighborhood so little Chad can go to a school that isn't full of ghetto trash and maybe learn something. Then he needs new clothes from head to toe every six months. And medical care. Expensive if he is healthy, bankrupting if he isn't. Maybe he needs a tutor because he isn't so bright. Music lessons, sports equipment, summer camp, braces, toys, extra cost if you go anywhere on vacation, mountains of food, and on and on. And you expect the parents to pay all of that, save for their own retirement, AND for the kid's retirement too? The better choice is to sell them for medical experiments in Wuhan as soon as they can walk.

>>60856725

There is a middle ground, anon. Simply pay for the roof over their head and the food in their belly and ignore the other shit lol.

>>60856729
Exactly, toys, video games ect. will just make them more nerds and hedonistic losers. Just buy them sports equipment and clothes. Your kid wants to waste his youth in a dopamine hook in front of a screen? He has to pay for it himself. You will only provide to him the stuff that makes him a chad.

>>60856785

You may joke but this way my life as a kid lol. I did actually turn out quite independent and enterprising thanks to the neglect.

>>60856794
Nah i’m only half joking. My dad grew poorer than me (seven child greatest generation family) and grew up to be a tall slim chad. He gave me and my brother ”what he missed out on” and we became fat nerds. Took the entire of my 20s to fix all those bad habits, but i’ll have man tits thanks to childhood overweight for the rest of my life for example. Meanwhile my slim dad had chicks when he was young thanks to his looks despite growing up poorer than me lmao.

>>60856257
"Sometimes stupidity is genius" - Albert Einstein probably

>>60855512 (OP)
there was this one specific day about two years ago where i was talking with my father, we were both bored so we went out to buy ice cream and shit and just walked around. he straight up asked me if i knew about crypto and shit, i said yeah (i don't really talk about financial decisions with my parents because they are overthinking and annoying sometimes, in an overprotective way not a "smart recommendations" way) and he straight up told me he did think about buying crypto but he just never did because he thought it'd go to zero.
>okay but you could've bought like, 10 bucks worth of bitcoin, that could've been like what, 20 bitcoin or something?
>... yeah i guess, haha
i got very, very angry, slowly. gradually. i was a dumb ah baby when btc was getting started, i couldn't do anything and this guy couldn't drop ten bucks he used to wipe his ass with back then to see what would happen?

in that same day i talked with my mom and the conversation eventually turned about my dad, how he told her "no" when she wanted to buy a new car instead of the piece of shit tin can they've had since the 80's, he said "no" when she proposed buying an actual house and moving on from the apartment. he told her no on a bunch of shit. now i flip son and doge and whatever the fuck when in an alternate universe i'm the son of a millonaire.

>>60857757
bro, i was there myself, when bitcoin was .20 cents US$. I didn't buy either, why? because i wasnt super tech-savvy then, and when i was rummaging around the recommended marketsite to buy them, i quickly became badly concerned about the security of the website itself.

I was afraid my bank account would get hacked, or i'd get keylogged, and more irritatingly, i didn't have a password manager at the time, and i was trying to write down a case-sensitive 24 character password to remember, i realised just how crazy it all was and gave up.

Bear in mind, anyone who bought bitcoin back then would have to jump through a number of hoops to not loose access to it, literally every exchange that existed back then, is gone now, you would either have to keep hopping the coins from exchange to exchange, losing money each time, or keep them on a hardware wallet and hope the infrastructure still allows for it to be released back into the ledger by the time you're ready to sell.

Dont be butthurt at your old man. Mine only bought one house when he was employed at the bank, and he had access to 0% interest home loans.

>>60857996
>Bear in mind, anyone who bought bitcoin back then would have to jump through a number of hoops to not loose access to it
and what's more, they'd have to not sell at something like $50.

>>60856272
>>60856417

oh no, the kid doesn't have to worry about saving for their own retirement, what a drag! fucking retards

>>60855574
You just Warren Buffet into blue chips and bonds very doable.

>>60855643
anon you're the best dad ever

>>60857996
>or keep them on a hardware wallet
This was always the advice given. Though in all honesty I got lucky in that I was lazy and left crypto on Coinbase in 2013-2017 and it actually survived.

>>60855643
fuck. nice.

>>60856592
>Expense ratio 0.35%
No thanks. SCHD is a 0.06% expense ratio and does just as well if not better

>>60858777
>he doesn't know
SCHD has been doing fuckall for many years. Enjoy your microscopic 3.8% dividends while the rest of us enjoy our ginormous 11% dividends.