Drew@sopuli.xyz to LinkedinLunaticsEnglish · 9 months agoInflation screwing you over? Just invest!sopuli.xyzimagemessage-square59fedilinkarrow-up1328arrow-down114
arrow-up1314arrow-down1imageInflation screwing you over? Just invest!sopuli.xyzDrew@sopuli.xyz to LinkedinLunaticsEnglish · 9 months agomessage-square59fedilink
minus-squareShurimal@kbin.sociallinkfedilinkarrow-up53·9 months agoInflation (when considering the rise of cost of living): 6% Returns of investment funds my bank offers: 5% Disposable income to use for investing: 0 Yeah, the math works out just fine on this one.
minus-squareTar_Alcaranlinkfedilinkarrow-up21·9 months agoWell obviously, you should have just picked a better stock. Crystal balls aren’t really that expensive you know!
minus-squareNougat@kbin.sociallinkfedilinkarrow-up14·9 months agoAnd you should have picked a better disposable income.
minus-squaresugar_in_your_tealinkfedilinkarrow-up14·9 months agoInvestment returns of broad market: 10-15%. Don’t invest with your bank, invest with a brokerage. That doesn’t exactly work if you don’t have money to begin with though…
minus-squaresudo@lemmy.todaylinkfedilinkarrow-up3·9 months agoStep 1. Have money Well I guess we’re fucked.
minus-squareShurimal@kbin.sociallinkfedilinkarrow-up2·9 months agoThe first rule of making money: Have money.
Inflation (when considering the rise of cost of living): 6%
Returns of investment funds my bank offers: 5%
Disposable income to use for investing: 0
Yeah, the math works out just fine on this one.
Well obviously, you should have just picked a better stock. Crystal balls aren’t really that expensive you know!
And you should have picked a better disposable income.
Yeah, rookie mistake.
Investment returns of broad market: 10-15%. Don’t invest with your bank, invest with a brokerage.
That doesn’t exactly work if you don’t have money to begin with though…
Step 1. Have money
Well I guess we’re fucked.
The first rule of making money: Have money.