[Serious] Why Is There No Wealthmaxxing Forum?

BlkPillPres

BlkPillPres

Fakecel Slayer
-
Joined
Feb 28, 2018
Messages
5,657
Open up an etrade account. Don't purchase stocks or bonds. Purchase ETFs. 25% Large Cap Growth, 25% Large Cap value, 15% Short Term Bonds, 15% International Equities, 5% Mid Cap Growth, 5% Small Cap Value, 5% Aggregate Bonds, and 5% REIT. Make sure all the ETFs you purchase pay a dividend. Also make sure you include satellite investments on top of your core portfolio (ex: Non-US Fixed income, Private Equity, Commodities, Hedge Funds...etc).

Now go out and get rich bro!!
No prob, one more thing though, its quite obvious I know nothing about the terminology used in the advice, so there's no way for me to know if you are just throwing out random investment terms in the form of gibberish as a joke.

So here's a relevant question, where did you gain your knowledge about stocks and trading from, a course?, a degree?, where?, because if I at least knew that, then I could seek it out myself (or an alternative), and make use of your advice.
 
Blackpill Rage

Blackpill Rage

Officer
-
Joined
Feb 10, 2019
Messages
978
No prob, one more thing though, its quite obvious I know nothing about the terminology used in the advice, so there's no way for me to know if you are just throwing out random investment terms in the form of gibberish as a joke.

So here's a relevant question, where did you gain your knowledge about stocks and trading from, a course?, a degree?, where?, because if I at least knew that, then I could seek it out myself (or an alternative), and make use of your advice.
I learned most of it from my father. I also took several finance classes back in college. There's also plenty of good books out there on investments that I've read. Some good ones are:

The Truth About Money by Ric Edelmen
A Random Walk Down Wall Street by Burton G. Malkiel
The Little Book of Common Sense Investing by John C Bogle

Now stop being a dick.
 
BlkPillPres

BlkPillPres

Fakecel Slayer
-
Joined
Feb 28, 2018
Messages
5,657
I learned most of it from my father. I also took several finance classes back in college. There's also plenty of good books out there on investments that I've read. Some good ones are:

The Truth About Money by Ric Edelmen
A Random Walk Down Wall Street by Burton G. Malkiel
The Little Book of Common Sense Investing by John C Bogle

Now stop being a dick.
Lol thanks, i'll be adding your info to my word document lol
 
Blackpill Rage

Blackpill Rage

Officer
-
Joined
Feb 10, 2019
Messages
978
Lol thanks, i'll be adding your info to my word document lol
You can also adjust those percentages based on how much risk you're willing to take. Volitile investments are riskier but will yield higher returns.

Always place some investments into REITs as they are Real Estate trusts and are less affected by stock prices.
 
Last edited:
Uggo Mongo

Uggo Mongo

Belongs in the Trash
-
Joined
Jun 17, 2018
Messages
1,309
You don't even know what a strawman argument is. My god you're fucking stupid.

I can easily PM you proof that I'm not larping.

You want some wealthmaxx advice? You're probably too low IQ to understand any of this but here you go:

Open up an etrade account. Don't purchase stocks or bonds. Purchase ETFs. 25% Large Cap Growth, 25% Large Cap Value, 15% Short-Term Bonds, 15% International Equities, 5% Mid Cap Growth, 5% Small Cap Value, 5% Aggregate Bonds, and 5% REIT. Make sure all the ETFs you purchase pay a dividend. Also make sure you include satellite investments on top of your core portfolio (ex: Non-US Fixed Income, Private Equity, Commodities, Hedge Funds...etc).

Now go out and get rich bro!!

Image result for nicholas cage gif
Saved. Will decipher and put into practice later on.
 
suckdick

suckdick

Veteran
-
Joined
Apr 5, 2018
Messages
1,101
you can earn from internet, but it isn't some magic trick, you need to put some work. Check Blackhatworld...
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
Wealthmaxxing is real interesting, I'm still mad that I didn't hop on the crypto train back in 2017 when everyone got rich off it.
Some good news for you. Bitcoin price is set to double before May 2020. 12 months after that you are looking at 20k USD Bitcoin. The returns are even higher if you buy other large cap cryptos like ETH or XRP. Some people are predicting 200-300k USD Bitcoin within 3 years. You missed out on 2016-2017 but there's still 2020-2021.

If any of you have ideas with better returns than 500%+ in the next 3 years I'm all ears. If you don't have plans to killself for the foreseeable future you might as well be comfy.
 
StaroRavager

StaroRavager

Tool of Agony
-
Joined
Aug 18, 2018
Messages
11,926
Because most truly wealthmaxxed people are unlikely to share their secrets (whatever they do wouldn't be as profitable as before if everyone decides to do it, the "tulip mania" problem), even less for free.
 
Emergency Manual

Emergency Manual

Hanging On
-
Joined
Nov 13, 2018
Messages
4,925
For me it's time to abandon the blackpill. I'll join this new whitepill forum.
You will be back, the whitepill is a long term cope but it eventually leads back to the blackpill like all copes.
You can also adjust those percentages based on how much risk you're willing to take. Volitile investments are riskier but will yield higher returns.

Always place some investments into REITs as they are Real Estate trusts and are less affected by stock prices.
The problem is you need serious money to start investing if you want to make a sizeable return and you always have some amount of risk.

What do you think I could make with a $1000 investment?
 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
How about this...I am already wealthmaxxed and I am STILL a miserable fucking incel. I am living proof that wealthmaxxing won't do shit for your inceldom. So what's the point of a wealthmaxxing forum again?
Your name and your ideas sound a lot like mine.
Did you read my thread about me being living proof that money doesn't do shit for inceldom?
Some good news for you. Bitcoin price is set to double before May 2020. 12 months after that you are looking at 20k USD Bitcoin. The returns are even higher if you buy other large cap cryptos like ETH or XRP. Some people are predicting 200-300k USD Bitcoin within 3 years. You missed out on 2016-2017 but there's still 2020-2021.

If any of you have ideas with better returns than 500%+ in the next 3 years I'm all ears. If you don't have plans to killself for the foreseeable future you might as well be comfy.
I have over 30k invested in 54 cryptocurrencies, and I don't believe a word of these rosy predictions.
I started investing in cryptos in June, 2017, after a massive rally. I just knew that I had missed the boat back then, and so far, I'm right, as I've lost 14.5k.
 
Last edited:
Reddit_is_for_cucks

Reddit_is_for_cucks

Mythic
-
Joined
Nov 10, 2017
Messages
4,739
He stole it from hackforum
 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
You don't even know what a strawman argument is. My god you're fucking stupid.

I can easily PM you proof that I'm not larping.

You want some wealthmaxx advice? You're probably too low IQ to understand any of this but here you go:

Open up an etrade account. Don't purchase stocks or bonds. Purchase ETFs. 25% Large Cap Growth, 25% Large Cap Value, 15% Short-Term Bonds, 15% International Equities, 5% Mid Cap Growth, 5% Small Cap Value, 5% Aggregate Bonds, and 5% REIT. Make sure all the ETFs you purchase pay a dividend. Also make sure you include satellite investments on top of your core portfolio (ex: Non-US Fixed Income, Private Equity, Commodities, Hedge Funds...etc).

Now go out and get rich bro!!

Image result for nicholas cage gif
My portfolio:

30% Large-Cap
20% Smid-Cap
15% International
10% REIT's
5% Small-Cap Value
5% Total Bond Market
5% TIPS
5% Precious Metals and Mining
3% Cryptocurrencies
2% Cash
 
Blackpill Rage

Blackpill Rage

Officer
-
Joined
Feb 10, 2019
Messages
978
You will be back, the whitepill is a long term cope but it eventually leads back to the blackpill like all copes.

The problem is you need serious money to start investing if you want to make a sizeable return and you always have some amount of risk.

What do you think I could make with a $1000 investment?
You can expect 3-6% returns so $1,000 won't get you far.
 
Emergency Manual

Emergency Manual

Hanging On
-
Joined
Nov 13, 2018
Messages
4,925
You can expect 3-6% returns so $1,000 won't get you far.
Basically you need money to make money. That’s the problem when you are a wagecuck that makes $18k a year.
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
Your name and your ideas sound a lot like mine.
Did you read my thread about me being living proof that money doesn't do shit for inceldom?

I have over 30k invested in 54 cryptocurrencies, and I don't believe a word of these rosy predictions.
I started investing in cryptos in June, 2017, after a massive rally. I just knew that I had missed the boat back then, and so far, I'm right, as I've lost 14.5k.
Only people that don't know what they are doing diversify. It's a fucking meme.

How are you down so much after getting in June? Didn't you take any profits? It just sounds like you speculated in too many retarded ICOs and alts. You situation is definitely salvageable.
 
IncelGenocide

IncelGenocide

Officer
-
Joined
Feb 20, 2019
Messages
795
People who know how to moneymaxx don't share how to moneymaxx.

Source: someone who moneymaxxed
 
Barry

Barry

Officer
-
Joined
May 2, 2018
Messages
868
I am moneymaxxing

most incels aren't smart enough to moneymax, tbqh

and tbh moneymaxxing requires sharing stuff you wouldn't want to sharewith thousands of absolute tardcels

f you did a moneymaxxing forum it'd have to be small, private and you'd have to keep retards and spies out because one bad person can fuck the whole thing
 
Wonder

Wonder

Disordercel
-
Joined
Sep 8, 2018
Messages
1,785
Aren't there plenty of sites about this already? Investing and the like?
 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
Only people that don't know what they are doing diversify. It's a fucking meme.

How are you down so much after getting in June? Didn't you take any profits? It just sounds like you speculated in too many retarded ICOs and alts. You situation is definitely salvageable.
I'm a buy-and-hold investor. I don't try to time the market, as it's a losing strategy long-term. So, no, I never took profits. No one can time the peak of the market consistently, not even the experts.
I'm hoping the crypto market recovers, but I'm under no illusions that it will soar as high and as fast as it did prior to 2017. That ship sailed forever. I will debate anyone on that.
 
IncelGenocide

IncelGenocide

Officer
-
Joined
Feb 20, 2019
Messages
795
I'm a buy-and-hold investor. I don't try to time the market, as it's a losing strategy long-term. So, no, I never took profits. No one can time the peak of the market consistently, not even the experts.
I'm hoping the crypto market recovers, but I'm under no illusions that it will soar as high and as fast as it did prior to 2017. That ship sailed forever. I will debate anyone on that.
lol you keep believing the bullshit finance sites feed to newbie investors lol

There are plenty of people who manage to make money in markets just fine long term.
 
Robtical

Robtical

Sub6 Sex-Lives Matter
-
Joined
Jan 6, 2018
Messages
13,900
This guy talks about a good strategy.

 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
lol you keep believing the bullshit finance sites feed to newbie investors lol

There are plenty of people who manage to make money in markets just fine long term.
You can short-term. But if you keep playing the market-timing game, you will eventually get bitten and give all those profits back and then some. This is a statistical fact.
 
IncelGenocide

IncelGenocide

Officer
-
Joined
Feb 20, 2019
Messages
795
You can short-term. But if you keep playing the market-timing game, you will eventually get bitten and give all those profits back and then some. This is a statistical fact.
I did not say market timing. And that is a statistical fact for low IQ pleb normies.
 
BlkPillPres

BlkPillPres

Fakecel Slayer
-
Joined
Feb 28, 2018
Messages
5,657
Because most truly wealthmaxxed people are unlikely to share their secrets (whatever they do wouldn't be as profitable as before if everyone decides to do it, the "tulip mania" problem), even less for free.
They don't need to give us their entire strategy, just some basic info and a few tips to help us along, or notify other incels of a market to tap into.
Aren't there plenty of sites about this already? Investing and the like?
Serge said the same thing when I pitched the idea, but its likely normies that dominate those forums, and I'm pretty sure the lifestyle choices and money making strategies of an incel would be better suited to other incels. Take for example Weeds "e-whoring strategy" lol, are there some normie males doing this, yes I'm sure, but a strategy like that, using blue pilled cucks to get money and larping as a female, that's a pure incel strat.

I'd much prefer to have an incel perspective on moneymaxxing, on a normie site the guys will be talking about shit like mortgage, tuition for children, etc, none of which really pertains to us. On an incel site you're more likely to get info on where to escourtcel, best places for an incel to move to, etc.

People who know how to moneymaxx don't share how to moneymaxx.

Source: someone who moneymaxxed
Depends on the person, I got good advice to test from 2 users so far, that are allegedly moneymaxxed. Again I don't think the site should be about giving away your entire game plan, but rather some entry level shit, a lot of us don't even know the basics, of even getting into investing, where to start, what sites to use, etc.
 
Last edited:
RopeShow

RopeShow

Bearer of the mark of the weird
-
Joined
Jul 13, 2018
Messages
1,160
It isn't real money, at the end of the day you have to convert it to actual money to make use of it, so why not just pursue avenues that give you actual money, skip the middle man.
Blockchain tech does not require the services of a third party (banks) to make transactions, and is also harder to be tracked by gynocentric governments. That means more freedom to you, lots of service providers accept crypto already, and if you need actual currency you can convert easily.
 
Blackpill Rage

Blackpill Rage

Officer
-
Joined
Feb 10, 2019
Messages
978
Aren't there plenty of sites about this already? Investing and the like?
Basically any finance or investment forum is a moneymaxxing forum.
Your name and your ideas sound a lot like mine.
Did you read my thread about me being living proof that money doesn't do shit for inceldom?
No what's the link? Money will give you better copes but at the end of the day you're still incel.
 
Last edited:
BlkPillPres

BlkPillPres

Fakecel Slayer
-
Joined
Feb 28, 2018
Messages
5,657
Blockchain tech does not require the services of a third party (banks) to make transactions, and is also harder to be tracked by gynocentric governments. That means more freedom to you, lots of service providers accept crypto already, and if you need actual currency you can convert easily.
Maybe, but not in the country I live in (don't ask, I can't say), and either way its too late to get into crypto, the crypto train left most of us at our stop years ago.
 
RopeShow

RopeShow

Bearer of the mark of the weird
-
Joined
Jul 13, 2018
Messages
1,160
Maybe, but not in the country I live in (don't ask, I can't say), and either way its too late to get into crypto, the crypto train left most of us at our stop years ago.
I think doing trading is still worth it, but crypto cheap and sell it when it's pricey, basically profiting off of normies' lack of info. There's this dude on Dlive named Pygoz that streams himself doing that
 
NocturnalDecay

NocturnalDecay

Darkhole
-
Joined
Jun 28, 2018
Messages
404
Because people on here are lazy as shit and are too busy LDAR to ever try to achieve wealth.
 
BlkPillPres

BlkPillPres

Fakecel Slayer
-
Joined
Feb 28, 2018
Messages
5,657
Because people on here are lazy as shit and are too busy LDAR to ever try to achieve wealth.

I am going to wealth max, years later I'm going to create a thread on this forum inviting neets and show them "that pidgeon money"

"Long live this bankroll"
 
FaceandHFD

FaceandHFD

Banned
-
Joined
Sep 6, 2018
Messages
4,187
there are no shortcuts to makIng money unless you manage to scam/trick people or steal

you really need to be skilled in soomething hard and work like a dog.

after you make initial capital you can try investing
 
Einon

Einon

Mouthbreath myself into inceldom.
-
Joined
Jan 6, 2019
Messages
2,123
Because It's an incredibly non-specific idea.
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
I'm a buy-and-hold investor. I don't try to time the market, as it's a losing strategy long-term. So, no, I never took profits. No one can time the peak of the market consistently, not even the experts.
I'm hoping the crypto market recovers, but I'm under no illusions that it will soar as high and as fast as it did prior to 2017. That ship sailed forever. I will debate anyone on that.
Hodl is a meme. Didn't you learn anything in 2018 watching your valuations go to shit?

There were plenty of people calling tops: Vitalik Buterin, Charlie Lee, Peter Brandt, Davincij15, Brian Beamish.

You just got greedy. Learn how to take profits. I'm tell you right now hold until mid 2021 and make sure to take profits next time.
 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
Hodl is a meme. Didn't you learn anything in 2018 watching your valuations go to shit?

There were plenty of people calling tops: Vitalik Buterin, Charlie Lee, Peter Brandt, Davincij15, Brian Beamish.

You just got greedy. Learn how to take profits. I'm tell you right now hold until mid 2021 and make sure to take profits next time.
Again: NO ONE CAN CONSISTENTLY TIME THE MARKET IN THE LONG RUN. This has been repeatedly proven. If you're the exception to this time-honored principle of investing, then why aren't you putting your superhuman ability to use and become the wealthiest person in human history???
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
Again: NO ONE CAN CONSISTENTLY TIME THE MARKET IN THE LONG RUN. This has been repeatedly proven. If you're the exception to this time-honored principle of investing, then why aren't you putting your superhuman ability to use and become the wealthiest person in human history???
I have. I'm a retired NEET since early 2018.

Learn to take profits. Sell a portion when your investment doubles or triples.
 
IncelGenocide

IncelGenocide

Officer
-
Joined
Feb 20, 2019
Messages
795
Hodl is a meme. Didn't you learn anything in 2018 watching your valuations go to shit?

There were plenty of people calling tops: Vitalik Buterin, Charlie Lee, Peter Brandt, Davincij15, Brian Beamish.

You just got greedy. Learn how to take profits. I'm tell you right now hold until mid 2021 and make sure to take profits next time.
HIGH IQ

Again: NO ONE CAN CONSISTENTLY TIME THE MARKET IN THE LONG RUN. This has been repeatedly proven. If you're the exception to this time-honored principle of investing, then why aren't you putting your superhuman ability to use and become the wealthiest person in human history???
LOW IQ thinking he is HIGH IQ

This "you can't time market" is a meme for 99% brainlet "investors". In reality specific chart trends, moving averages and patterns have higher statistical chance of either moving up or down. It won't always do that, but, for example, ascending and descending triangles go up/down 75% of time. Not using statistical advantages to make well managed trades is low IQ.
 
Bangkok or bust

Bangkok or bust

I'm not living. I'm just killing time.
-
Joined
Mar 22, 2018
Messages
1,289
Most sub 5/6 men are realizing that even with $100'000 salary your still going to struggle.
 
RopeMaXXer

RopeMaXXer

getting dabbed on by mоds
-
Joined
Jun 10, 2018
Messages
1,648
Noone will actually share advice on how to truly get rich.
They might tell you 10 years after the fact once they've made a bank
 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
This "you can't time market" is a meme for 99% brainlet "investors". In reality specific chart trends, moving averages and patterns have higher statistical chance of either moving up or down. It won't always do that, but, for example, ascending and descending triangles go up/down 75% of time. Not using statistical advantages to make well managed trades is low IQ.
I hope you never suffer even a mild amount of brain damage.
I have. I'm a retired NEET since early 2018.

Learn to take profits. Sell a portion when your investment doubles or triples.
You've successfully timed the market in the short term. Try doing that consistently for 30 years, and let me know how that works out for you.
 
Last edited:
IncelGenocide

IncelGenocide

Officer
-
Joined
Feb 20, 2019
Messages
795
I hope you never suffer even a mild amount of brain damage.

You've successfully timed the market in the short term. Try doing that consistently for 30 years, and let me know how that works out for you.
You are under same belief that 99% of investor normies are under specifically gained from common mainstream financial resources such as marketwatch, barrons, etc...spouted by John Bogle, repeated by Warren Buffett...they imply that 99% of people are low IQ brainlets and it is true that low IQ brainlets should just buy&hold. Hedge funds don't beat S&P AFTER FEES. Hedge fund fees are high, but if you do the same thing hedge fund does then you aren't paying the fee, since you are managing your own stuff. Also, lots about it is just about reducing risk, not specifically beating S&P500. Let me know how you feel when your 5 million portfolio drops 50% in next recession. "Just hodl brah!", yeah that sounds great on PAPER, but in reality feeling your portfolio drop that amount will make you want to kill yourself. Good, disciplined TA would have gotten you out early in a bear market and a bit later in a bear market even, but you would significantly REDUCE RISK of seeing your portfolio drop dramatically and save your money in bear markets and recessions. Cash above all. You are regurgitating the buy&hold advice you just read on /r/investing and mainstream resources, it is not of your own thinking.
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
I hope you never suffer even a mild amount of brain damage.

You've successfully timed the market in the short term. Try doing that consistently for 30 years, and let me know how that works out for you.
Unlike everything else, Bitcoin moves in 4 year cycles due to the programming that constricts the rate of inflation every four years also known as the halvening. This is the last warning I'll give to you and everyone else, buy Bitcoin now and sell in the next 2-2.5 years. You cannot time the top but with Bitcoin you can guesstimate and walk away with a serious profit. You are looking at over 100% profit in 1 year, potentially 2000% profit within 2.5 years, possibly more. If you can tell me about a better opportunity I'd like to hear it. What do you have to lose? You are already disqualified by most women for the foreseeable future, how is the chump change you have going to change anything? Go ahead and invest in the S&P500, we'll go on an retirement cruise with young foids when you are 85 and can't even use pills to get it up.
 
Last edited:
Mewcel

Mewcel

Hail Satanlossus
-
Joined
Nov 17, 2018
Messages
563
Unlike everything else, Bitcoin moves in 4 year cycles due to the programming that constricts the rate of inflation every four years also known as the halvening. This is the last warning I'll give to you and everyone else, buy Bitcoin now and sell in the next 2-2.5 years. You cannot time the top but with Bitcoin you can guesstimate and walk away with a serious profit. You are looking at over 100% profit in 1 year, potentially 2000% profit within 2.5 years, possibly more. If you can tell me about a better opportunity I'd like to hear it. What do you have to lose? You are already disqualified by most women for the foreseeable future, how is the chump change you have going to change anything? Go ahead and invest in the S&P500, we'll go on an retirement cruise with young foids when you are 85 and can't even use pills to get it up.
It's either win big or go home. Can't afford to be a millionaire when I'm elderly.
 
Red Pill Rage

Red Pill Rage

Officer
-
Joined
Sep 24, 2018
Messages
836
Unlike everything else, Bitcoin moves in 4 year cycles due to the programming that constricts the rate of inflation every four years also known as the halvening. This is the last warning I'll give to you and everyone else, buy Bitcoin now and sell in the next 2-2.5 years. You cannot time the top but with Bitcoin you can guesstimate and walk away with a serious profit. You are looking at over 100% profit in 1 year, potentially 2000% profit within 2.5 years, possibly more. If you can tell me about a better opportunity I'd like to hear it. What do you have to lose? You are already disqualified by most women for the foreseeable future, how is the chump change you have going to change anything? Go ahead and invest in the S&P500, we'll go on an retirement cruise with young foids when you are 85 and can't even use pills to get it up.
I wouldn't have invested 30k of my hard-earned cash in cryptocurrencies if I didn't see a future in this asset class. But, these silly predictions about how much Bitcoin, Ethereum, XRP, etc. is going to be worth in X number of years really needs to stop. No one knows anything. If someone truly did, he would exploit that knowledge and quickly rise to become the world's richest man by far. There are just too many variables that can affect an asset's price; too many factors we can't control.

For example, Bitcoin could be usurped by a better competitor, rendering it worthless. The same can happen to any other cryptocurrency or stock. No one is a fortune teller. The best you can do is make an educated guess. But guessing is often wrong, especially when you're doing it repeatedly over a protracted period. That's why trying to time the market (guessing when it will peak or bottom) as a long-term investment strategy is the epitome of human folly. Over the past 25 years, I've personally witnessed several acquaintances lose money playing that game, including a close friend, so I'm not talking out of my ass.

That's why my core investments are in broad market indexes of domestic and international equities and fixed income. I just keep dollar-cost averaging into these every paycheck, regardless of what the market is doing. No, I don't expect to get 20x returns over the next 3 years from these investments, but I stand a statistically good chance of outperforming some arrogant dipshit, who jumps in and out of stocks, thinking he's smarter than everyone else.
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
Dollar cost averaging and diversification. Practically everyone will tell you these are smart moves but to genius level IQ investors it just sounds like you don't know what you are doing. Why diversify if you are certain about what will succeed? Why dollar cost average if you know the price will double next year?

Your strategy is normie tier. It doesn't take into account taxes raping your gains. In school they talk about muh compound interest but what they never talk about is how taxes destroy it. Your paltry 8% yearly gains is taxed the second you sell. Therefore you are stuck holding stocks or index fund for a decade and the gain you make will never be life changing while you are under 50. Inflation will destroy your purchasing power every year at the rate of 10%. Everything is designed to keep you a wage slave, forever.

Your friends might have lost everything but they hopefully learned a lesson. I've lost tens of thousands by playing stocks before I realized it wasn't for me and I moved to a different asset class.

This whole "don't take risks and do the same thing every else does" is for people that want to sit pretty with what they already have. If you are rich there is no need to take a risk. If you are middle class and have no desire for early retirement there's no need to take a risk either.
 
the black dog

the black dog

Officer
-
Joined
Jan 5, 2019
Messages
697
If there were ways to passive income by automation through scripting, that would be cool. like those shitty ad clicking video sites and have it running on a machine solely for that purpose. I think if you were to automate other things, it stacks up. The forum would have to be private doe.
 
LeeHarveyOswald

LeeHarveyOswald

Recruit
-
Joined
May 2, 2018
Messages
77
fuck wagecucking. incels need to get cybercriminal. that's the only way they get out of their misery. I mean, theyre fucked anyway in life, so why not make the best out of it? but still we see incels only hanging in front of their computers. why? because most are pussies. sadly.
 
mylifeistrash

mylifeistrash

Overlord
-
Joined
Dec 28, 2017
Messages
9,561
Dollar cost averaging and diversification. Practically everyone will tell you these are smart moves but to genius level IQ investors it just sounds like you don't know what you are doing. Why diversify if you are certain about what will succeed? Why dollar cost average if you know the price will double next year?

Your strategy is normie tier. It doesn't take into account taxes raping your gains. In school they talk about muh compound interest but what they never talk about is how taxes destroy it. Your paltry 8% yearly gains is taxed the second you sell. Therefore you are stuck holding stocks or index fund for a decade and the gain you make will never be life changing while you are under 50. Inflation will destroy your purchasing power every year at the rate of 10%. Everything is designed to keep you a wage slave, forever.

Your friends might have lost everything but they hopefully learned a lesson. I've lost tens of thousands by playing stocks before I realized it wasn't for me and I moved to a different asset class.

This whole "don't take risks and do the same thing every else does" is for people that want to sit pretty with what they already have. If you are rich there is no need to take a risk. If you are middle class and have no desire for early retirement there's no need to take a risk either.

Long term capital gains tax is 20% so if you hold your shit for over a year the taxes aren't that bad.

I agree with the inflation part.
 
BlkPillPres

BlkPillPres

Fakecel Slayer
-
Joined
Feb 28, 2018
Messages
5,657
I have. I'm a retired NEET since early 2018.

Learn to take profits. Sell a portion when your investment doubles or triples.
Dollar cost averaging and diversification. Practically everyone will tell you these are smart moves but to genius level IQ investors it just sounds like you don't know what you are doing. Why diversify if you are certain about what will succeed? Why dollar cost average if you know the price will double next year?

Your strategy is normie tier. It doesn't take into account taxes raping your gains. In school they talk about muh compound interest but what they never talk about is how taxes destroy it. Your paltry 8% yearly gains is taxed the second you sell. Therefore you are stuck holding stocks or index fund for a decade and the gain you make will never be life changing while you are under 50. Inflation will destroy your purchasing power every year at the rate of 10%. Everything is designed to keep you a wage slave, forever.

Your friends might have lost everything but they hopefully learned a lesson. I've lost tens of thousands by playing stocks before I realized it wasn't for me and I moved to a different asset class.

This whole "don't take risks and do the same thing every else does" is for people that want to sit pretty with what they already have. If you are rich there is no need to take a risk. If you are middle class and have no desire for early retirement there's no need to take a risk either.
Did you do a specific course or something, where did you learn all of this?

Also I'm glad this thread has been revived, seeing a lot of interesting and informative posts, which is rare on this site these days.
 
Gamblord

Gamblord

Recruit
-
Joined
May 23, 2018
Messages
57
Did you do a specific course or something, where did you learn all of this?

Also I'm glad this thread has been revived, seeing a lot of interesting and informative posts, which is rare on this site these days.
Traditional schools will teach you trash economics and make you a debt slave simultaneously. You just have to learn it on your own pace. YouTube is a good source to learn about fundamentals or technical analysis. The best teacher is making your own mistakes.

Unlike most I went in with a lot of savings. Over 90k. I have no gf or dependents so I said fuck it. I had all this disposable income and chose crypto instead of the normie-tier housing speculation everyone is doing.

After 2 years of studying crypto I understand the speculative side to it. You can see my post in this thread on April 15th 2019 calling for the price of bitcoin to double before May 2020. The price was just above 5k, now it is closer to 8k. Anyone that listened to me could have already pocketed the difference. I don't know what will happen next but I'm sure that the price will hit 10k or higher before May 2020.
 
Ellsworth

Ellsworth

Officer
-
Joined
May 23, 2019
Messages
539
For a good wealthmaxxing forum check out MrMoneyMustache
 
Top