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comment by kleinbl00
kleinbl00  ·  2280 days ago  ·  link  ·    ·  parent  ·  post: What Will Millenials Kill This Year?

Got on a plane this morning. I don't usually fly American so I had to use the steerage security lines with the unwashed masses. Three friendly kids in front of me were discussing the white papers they were going to read on the plane because they'd read on Reddit that Tron was totally killin' it.

You can joke about Lambos. You can dream about Lambos. You can't say "I hope I do well enough with this purely speculative investment to pay down my student loans" because then you aren't a baller.

I don't know what percentage of people under 30 own crypto. I don't know how you'd find that information. I can tell you what percentage of people under 30 talk crypto.

Old fucks like me were trained that the way you make money is by giving it to some fuckin' mutual fund. Young fucks like you were never given exposure to mutual funds.

The economically disadvantaged are much more likely to buy lottery tickets.





OftenBen  ·  2279 days ago  ·  link  ·  

    The economically disadvantaged are much more likely to buy lottery tickets.

You're making me feel really shitty about some recent financial decisions that felt like good ones.

It sucks to feel like if you can't invest in real estate you basically aren't investing.

kleinbl00  ·  2279 days ago  ·  link  ·  

Silly rabbit. You're supposed to buy REIT ETFs.

user-inactivated  ·  2279 days ago  ·  link  ·  

    Young fucks like you were never given exposure to mutual funds.

We were, it was just entirely negative as we watched the Boomer's get their retirement portfolios wiped out.

kleinbl00  ·  2279 days ago  ·  link  ·  

Right - but never during the period where they made sense. Instead it was SPDR or die. And if you're algorithmically trading anyway, why not buy something that moves?