Three million is the joke, 8% is the hint that it’s a joke. It’s the same sort of satire that Lemmy frequently reposts. “I became wealthy with hard work, determination, and a small loan of a million dollars.”
Well, both of us are socialists (I can’t comment on the other person). We think about money in such a different way that any money joke about investment is going to lose it’s humor. I don’t understand it as a joke either, but I definitely understood the financial advice. He selected some large, relatively uncontroversial companies that will pay you part of the quarterly profits based on the number of stocks you own. Tbh I’d avoid the day trading and choose high dividend ETFs instead. $100k is still very out of reach for most people, but it’s a reasonable investing portfolio.
I get conflicting information about high dividend ETFs. Some people swear by them, others say they’re terrible or at least should be avoided. I’m too ignorant to know why either way :/
By the nature of ETFs, you’re definitely going to make less income because your money gets put into an investment pool and returns are proportional. However it makes you less tied to the stock market, which is increasingly tied to a person’s ability to retire
Apparently this was a failed attempt at a joke.
https://www.crossingwallstreet.com/archives/2024/04/cws-market-review-april-2-2024.html
Oh, I get it now! 8%! How droll!
(What the fuck is he talking about?)
Three million is the joke, 8% is the hint that it’s a joke. It’s the same sort of satire that Lemmy frequently reposts. “I became wealthy with hard work, determination, and a small loan of a million dollars.”
Well, both of us are socialists (I can’t comment on the other person). We think about money in such a different way that any money joke about investment is going to lose it’s humor. I don’t understand it as a joke either, but I definitely understood the financial advice. He selected some large, relatively uncontroversial companies that will pay you part of the quarterly profits based on the number of stocks you own. Tbh I’d avoid the day trading and choose high dividend ETFs instead. $100k is still very out of reach for most people, but it’s a reasonable investing portfolio.
I get conflicting information about high dividend ETFs. Some people swear by them, others say they’re terrible or at least should be avoided. I’m too ignorant to know why either way :/
By the nature of ETFs, you’re definitely going to make less income because your money gets put into an investment pool and returns are proportional. However it makes you less tied to the stock market, which is increasingly tied to a person’s ability to retire