Current Events > How the fuck are there people 20+ with no investments?

(+) Yeah! (+)

Like... You don't even own one fund? One stock? Make it make since... So where's all your money? In a savings account?

Discuss
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God_Of_Entirety posted...

Make it make since

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They don't teach this shit in school and many 20 year olds aren't just sitting on piles of cash thinking " wow I make 6 figures out of high school, how should I invest"

In other words, shut your mouth tc

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Ill play along

Yes ideally you start investing asap

But it is very very easy to not have money in your 20s, especially not enough to take on any risk
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I invest in twitch girls, eventually I'll have earned enough relationship points with one of them to "cash out" in person with her if you know what I mean


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You don't need a lot of money to invest.

They have fucking apps that let you go buy partial shares for Christ sabes.
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God_Of_Entirety posted...

You don't need a lot of money to invest.

They have fucking apps that let you go buy partial shares for Christ sabes.

People refuse to learn this. Instead of putting three dollars in an investment they buy a can of Red Bull.

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Invested in my savings account anything else is gambling with a high chance of losing every thing

sabrestorm posted...

Invested in my savings account anything else is gambling with a high chance of losing every thing

This is not true at all.

Furthermore inflation will outpace your savings account interest and you will effectively lose money as time goes on.

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Not everyone has money to invest, so

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sabrestorm posted...

Invested in my savings account anything else is gambling with a high chance of losing every thing

Buy vti and hold
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rexcrk posted...

Not everyone has money to invest, so

Yes, they do. It's called budgeting. Nothing is a better use of your money, than using it to passively make more.
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I hate when I look up something on Fidelity and they're like "this is a 10 year growth if you put in $10k into it" and I wonder why the shit I wasn't investing earlier.

I was investing in a retirement account at least but not actively managing a more liquid portfolio.

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Poor

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Unsugarized_Foo posted...

Poor

Like Jay z was?and now he's a billionaire?
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I read this topic as how the fuck are there people 20+ with no instruments

and I was about to say damn, you so right

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God_Of_Entirety posted...

Buy vti and hold

Why?

What's your reasoning behind investing in this specific stock?

What's preventing someone from losing a lot of money by picking the wrong stock?

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Umbreon posted...

God_Of_Entirety posted...

Buy vti and hold

Why?

What's your reasoning behind investing in this specific stock?

What's preventing someone from losing a lot of money by picking the wrong stock?

It's vti and holding...
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The school system has failed some of yall
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God_Of_Entirety posted...

It's vti and holding...

I don't know anything about stocks, what does that mean?

God_Of_Entirety posted...

The school system has failed some of yall

Yes.

MixedRaceBaby posted...

They don't teach this shit in school and many 20 year olds aren't just sitting on piles of cash thinking " wow I make 6 figures out of high school, how should I invest"

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Umbreon posted...

Why?

What's your reasoning behind investing in this specific stock?

What's preventing someone from losing a lot of money by picking the wrong stock?

VTI is the Vanguard Total Stock Market ETF. If you lose a lot of money from it then it basically means you bought and sold it right away or the economy collapsed.

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Fidelity also allows you to put money into index funds with no minimum buy in. I got into their all market in a Roth find with literally $20 during my masters.

If you're willing to read a single book, there are tons that will outline a very simple and effective investment strategy for the average person that involves little work.

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next to no return from small investments and most 20-somethings are not sitting on piles of money

Damn_Underscore posted...

VTI is the Vanguard Total Stock Market ETF. If you lose a lot of money from it then it basically means you bought and sold it right away or the economy collapsed.

Cool, thanks. That certainly isn't something I recall being taught in school. They were too busy insisting that I'd get a high paying job fresh out of college.

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Kaiganeer posted...

next to no return from small investments and most 20-somethings are not sitting on piles of money

You can start with less than a hundred bucks. Even saving a little bit every month and buying shares when you have enough is possible you have all the time in the world to get the money at that age.


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I prefer QQQ to VTI, but I think the same principle applies - if you're putting money into a whole index or market and it completely bottoms out then you probably have more serious issues to worry about...

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God_Of_Entirety posted...

Like Jay z was?and now he's a billionaire?

Poor and talentless, thanks

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I don't know shit about investing, but I just bought a share of VTI like a good sheep

rich when?

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The only people who can invest money are those who come from a place of privilege. I hate how people who have lots of disposable income just assume everyone else has just as much. Things are only going to get worse for low income people especially when inflation kicks in. America has a major wealth inequality problem and it isn't going away anytime soon based on the number of jobs available it seems like a lot of people have just given up.

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I didnt get started until I was 30 and it honestly was because I was afraid to lose money. I do have retirement accounts though. I started with a stock trainer app to build confidence before I actually put in real money. After a few years with the account im sitting at more than a 100% increase but I actually ended up down about 18% in year one.

When I was younger in my 20s I might have been scared off from a drop and the 2008 market might have made me pull out completely.

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apocalyptic_4 posted...

You can start with less than a hundred bucks.

And get no return or gains for the most part.

There is no reason to be investing if you dont acquire good income first. People in their 20s should not be investing until they have an emergency amount built up. Most do not. Because they dont have enough income.

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I don't know the first thing about investing and the fluctuating prices of stocks scares me.

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What scares me is that up until now, people could get away without having a big investment portfolio if they owned a house. When you retire, you can use rental income or a reverse mortgage or something to get you by.

Now, whenever a house goes for sale in my neighborhood, a big wall street equity firm snaps it up for cash, always outbidding the young families. Then they immidiately rent the house out for $500 or so more than a mortgage would be. It's literally the rich stealing from the middle class. And I'm not talking about the 1%, it's more like the .01% that is hoarding the wealth.

cuttin_in_farm posted...

And get no return or gains for the most part.

There is no reason to be investing if you dont acquire good income first. People in their 20s should not be investing until they have an emergency amount built up. Most do not. Because they dont have enough income.

Its better for any amount of savings to be invested rather than sitting in a bank or under a mattress. Its indeed possible to make the money if you truly want to.

To many excuses like this is why people stay poor. It's a mentality and I know because I grew up poor with no money management skills with parents that didnt save or invest either. It's possible for anyone who can physically work.

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apocalyptic_4 posted...

Its better for any amount of savings to be invested rather than sitting in a bank or under a mattress.

Until something breaks down or an emergency comes up and you cant get to your savings.

apocalyptic_4 posted...

To many excuses like this is why people stay poor.

No, its because people have not enough income and too many expenses.

Some dude making 30k a year isnt going to suddenly make a ton of money investing. They need to increase their income first.

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Not learning about it in school is not an excuse. There is so much information about this stuff online now.

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Most people don't even have a 6 month savings buffer lol

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Conflict posted...

Do people learn about investing in high school?

No?

Then obviously they're not going to be expected to start doing it 2 years after they graduate. When they likely haven't even gotten a well paying enough job yet to properly invest.

MutantJohn posted...

Most people don't even have a 6 month savings buffer lol

A lot don't even have a 2 month buffer.

Because we live in a country where any emergency can immediately bankrupt you.

Hell just look at owning a vehicle.

You buy used because you can't afford a new one and you need reliable transportation to hold down most jobs(Less so these days but...).

You save up money to buy a newer car.

Your current car breaks down because it's old.

You take it in for repairs.

And there goes your savings for what was going to be for the new car.

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God_Of_Entirety posted...

You don't need a lot of money to invest.

They have fucking apps that let you go buy partial shares for Christ sabes.

Sure, but investing $10 isn't going to do much for you short-term vs having an extra $10 for food, bills, etc.,


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this topic reads like smug assholes who made it safely in life wondering why if they could do it others can't, it's probably not but that's how it reads

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Spending it? Pretend your life is a stock that crashes at death, sometimes unexpectedly. 20s are going to see you some of the highest gains.

In school, I learned more about how to stop drop and roll than I did about how to manage money.

So far, I haven't caught on fire.

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tremain07 posted...

this topic reads like smug assholes who made it safely in life wondering why if they could do it others can't, it's probably not but that's how it reads

Just invest bro!

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kelemvor posted...

Now, whenever a house goes for sale in my neighborhood, a big wall street equity firm snaps it up for cash, always outbidding the young families. Then they immidiately rent the house out for $500 or so more than a mortgage would be. It's literally the rich stealing from the middle class. And I'm not talking about the 1%, it's more like the .01% that is hoarding the wealth.

Doubt it
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I'm poor fam.
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Graycap posted...

I'm poor fam.

Budget your money
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RchHomieQuanChi posted...

God_Of_Entirety posted...

You don't need a lot of money to invest.

They have fucking apps that let you go buy partial shares for Christ sabes.

Sure, but investing $10 isn't going to do much for you short-term vs having an extra $10 for food, bills, etc.,

... It's called reoccurring investments. You'll still have enough money for the short term. And you know, the older you get you should be making more money period.
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Because they were never taught about it.

I didn't have any until like 28. It took that long for me to hear about it, do my research into it, and feel comfortable about it, because my olds basically never got beyond telling me about "putting some aside in a savings account".

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