/b/ - Random

>>307724
how many calories is that

Rn digital gold

Mutual funds. Lol. They're basically baskets of slices of every big stock on the market, so it essentially follows the US market. I invest on the advice of a Boomer relative who is certain the US market will always bounce back no matter what (as it has in his life). I am not so certain (the game is to sell them in 40-50 years when I retire, but what if the US economy falls by then? What if it falls and never comes back?)
Considering getting into foreign bank stocks, but I don't know enough about investing or foreign politics to do that tbh.

>>307777
Do you even realize boomers are about to lose it all, and you're following their advice

>>307790
explain

>>307724
I have an MMA I dump all my extra money into. I change which one every few months to keep getting promotional interest rates. They're FDIC insured so zero risk unless the whole system collapses, but if that happened my funny 1s and 0s would disappear regardless of where they were being stored.

Right now my return on investment is about two extra paychecks per year. I could probably make more if I really wanted to but I prefer something low risk and low effort.

>>307802
Buy the dip

>>307724
Precious metals and crypto. I've made significant gains through gold, now silver just needs to break out.

Bitcoin and ETH. I lost interest in it a while ago but I'm still at a huge profit.

>>307808
Thank you for explaining. I have quite a bit of mine in an MMF but I don’t really get any returns. Please tell me more about these MMAs.

>>307922
Not much to tell. On my end it's basically a savings account with a much higher interest rate (usually 3-5% APY, compounding monthly) because the bank is allowed to do more with the money. They offer higher rates for new customers to try to lure new money in, which usually expire after six months. The only serious catch is that they always have high minimum balances. The one I have now requires you to keep at least $15,000 in it, which is pretty typical.

investing is stupid. life is short, everything keeps getting more expensive. spend the money and if you have too much, work less.

getting paid for having money is mindnumbingly unfair. passive income is a mistake, it turns you into a non-contributing person and you never feel quite part of everything anymore.

when you live of passive income, you are no longer part of humanity, you look at humanity through a window.

>>308176
Gaining wealth only contributed to my isolation and small purchases no longer excite me, and now i'm afraid of losing what i got. Money has enslaved me, i hate money.

>>308176
You know what's also unfair? Inflation.

>>308180
>Gaining wealth only contributed to my isolation and small purchases no longer excite me, and now i'm afraid of losing what i got. Money has enslaved me, i hate money.

if more people were brave like you and spoke about the disadvantages in a way that others can here, maybe fewer people would get into the accumulation habit and instead chose to spend the money wisely.

you could use some of your money to start a business that only pays you a small salary and offers something useful to the people and create a nice, fair paying job for some lucky person. why should everyone hate their job and be taken advantage of, you don't have to participate in the world being like that.

>>308181
yeah. inflation is a conspiracy against poor people that ensures that they keep getting poorer. rich people don't care about it because the inflation is lower then their interest rate.

when the next round of inflation hits,
-poor people will have (lets say for example) 5% less then they had a month before.
-rich people will have (lets say for example) 3% more then they had a month before (because they have an interest rate of +8% and 8%-5%=3%. so they didn't lose anything, only their gains were slightly slow but they like that because inflation hurts poor people and makes them desperate which makes the life of rich people easier.