>Oooo just opened a HYSA at a bank

30% bonds 70% stocks

>ALLY savings account
>credit union
>W-2 form life hack

So they should be coming here for advice then OP?

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Most people don't want to be millionaires:

The people not living paycheck to paycheck (i.e. those able to save) who are not rich were likely born in a middle-class household, never had significant exposure to real wealth, and likely see being middle-class as hard enough. All they want is to make money from their jobs and save it safely so that even if tragedy strikes or they hit retirement, they never go below middle-class.

Inflation is targeted at 2%. This means that to save all you need to do is beat this number. High yield savings accounts already approach this number (and if you are not in the US you can easily beat it). Beyond that, all you need are some ETFs that track bonds and some stocks with a higher expected return but you keep your holdings in these relatively small compared to your net worth so that if they you don't struggle if things go south (and they will from time to time).

I don't know why you mock these people. Do you really think that the average nurse wants to be up at 2 am looking at the price of bitcoin anxious about the next 10% move?

Student loans will never be forgiven.

why do cats tuck their paws like that?

They already tried to knock off 10k. Watch and learn

I called my internet and got $30 off my rate over 3 months in a 20 minute phone call.

the operative word is 'tried'

because it’s cute :3

() good to know
what Fidelity ETF / Mutual fund should i pump $50k into?

>Eating out
Learn to cook or starve

because this sounds like the most dull, middle manager , uninspired way of life you an ever have

I have way more respect for honest blue collar workers like plumbers or brick layers, at least they don't pretend to be some Wallstreet manager managing a 5M family fund

Most people have uninspired boring lives.

>I have way more respect for honest blue collar workers like plumbers or brick layers, at least they don't pretend to be some Wallstreet manager managing a 5M family fund

But the moment those people get any significant savings they will also be looking into a high yield savings account. Once they get more money their bank will probably even get them to invest in bonds.

no they will buy something like a fully outfitted Ford F1 and buy 10 kg of steak. or at least part of it. Not saving for the end life goal to own a "rental duplex" while working at a boomer insurance company

They could also just buy LINK

user, there is nothing worthwhile about being a hedonistic low time preference retard.

nigga you think working class people don't save money and just throw it away on booze
are you actually retarded

>BOB THE WORST INVESTOR

What is this? Is this a meme I've missed?

its a well known example of 'time in the market beats timing the market'

awealthofcommonsense.com/2014/02/worlds-worst-market-timer/

read it and learn

...

he can't, you just turned it into le ebin basedboy meme

What's bad abbot HYSA for holding emergency funds?

no NEET on here could possibly accumulate enough to have a fully stocked emergency fund, if they actually could they would most certainly attempt to gamble it away on some shitcoin

You should end up a millionaire if you invest in a Roth IRA in your 20s and regularly contribute throughout your life though.

Because I can wire transfer the 10% of my investment account that's allocated to bonds if an emergency happens and have much higher yields.

>just DCA everything bro!
>don't try and time the market EVER
>don't be a gambler, be an investor!

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Timing the market is something even professionals struggle with. Ray Dalio himself admits that he is always scared of being wrong, but that fear is something I'm sure he is well compensated for. Do you really want the average consumer to attempt to time the market? That's a great way to go bust, as this board is ample proof of. DCA, while not maximizing returns, is probably the smartest thing you can do if you are not an expert.

A lot of them actually do. I knew people who behaved that way. They had to learn the hard way to save money.

no but the style of saving and the "fuck it " attitude is similar in working and upper class. Middle class takes no risks in general compared to them

>I just increased my Roth IRA and 401k match
>rainy day fund
>APR loans
>i know a good deal when I see one

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The funny thing is those guys got to enjoy a nice steak and ride around in a sweet truck

the average FI/RE plebbitor is going to end up aboslutely fucking just'd with less money than they started with and years of spartan living to show for it

Curious—what bonds are you holding?

>Ray Dalio
cringe

I did just raise my 401k contribution from 4 percent to 8 percent

stay jelly, poorfags.

>tfw my roth IRA is a VTSAXlet
>23 years old, 24 next month

Life is suffering my dudes...I hope i’m not too late

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>the average FI/RE plebbitor

This is what pisses me off about those people, their whole plan is

> save 90% of your income while living off rice and beans for 10 years

So then they “retire” at 35 and have enough saved to...live off rice and beans for another 50 years. Great plan.

I’m all for saving and being fiscally responsible, but Jesus Christ find some happy medium between being a Jew hermit or a debt slave, or worse one of these NEET coin gamblers.

I think what pisses me off the most about these people is that 75% of them have only been in the market after 2008/9, are so smug in telling themselves "buy and hold forever!!!" when in reality they are going to capitulate as soon as their accounts are down 40-50% or don't bounce back within five years

This is just the way their joints bend. Its pretty comfy actually. Try putting both your elbows on your desk right now and tuck your hands between your breasts.

> checked

Good point. It’s easy to be a buy/hold investor when it’s smooth sailing for over a decade. Even the people over on the Bogleheads forum are cracking up and selling.

People’s resolve isn’t nearly as strong as they think. Times like these are when you get tested, you gotta grab your nuts and keep on keeping on instead of crumbling out of fear like a little bitch. HODL is a stupid meme, but it’s unironically great advice right now.

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Bro, we're handing out cash to every American, we've gone full-clown, nothing is off the table

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Because I have credit for emergencies, and as said, you could tap bond holdings

Right now, investment grade corporate bonds, I was holding government bonds since 2018

The dilemma is that the steak and truck crowd...ends up back in the wage cage.

The lentil soup crowd at 35 gets their wage cage unlocked.

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I seriously doubt that. I think the lentil fags are probably panicking right about now, and for good reason. It will take a while for the dominoes to fall but this shit is going to get hella ugly

they fail to acknowledge that part of a good investment portfolio is literally yourself, and specifically experiences you enjoy. not everything costs money but damn, they need to live a little.

Why does this say it was posted today? I saw this post the other day including several of the responses. What's going on?

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>Researching car LOAN

No self-respecting Ramsian or Mustachian would ever consider any debt other than a mortgage. The FIRE minimalist is the healthiest way of living for body mind and soul. Excess is poison that will destroy you.

VTSAX is done for if folks are jacking off at home for another 5 months

Nigga you've only been contributing for a couple of years, what are you worrying about?

whats going to happen when buffet dies? will it cause a sell off?

I don't understand what the point of "buy and hold forever" even is. What good is holding any asset that does not pay out any passive income?

BH will never be the same after he dies. Doubly so when Charlie Munger dies as well.