To your point about the bubble.

I believe we're on the edge of a Global Recession.
With the looming possibility of a global depression.

Factors leading up to where the world is at, is not solely due to trump's tariffs.
We've (the global economy) been projecting this course for the past decade.

This post was edited by Mondain on Apr 3 2025 11:07am

Spending 5k a month that's only good for about 8-9 years almost?

I think you missed the bank part.

500k in a cornerstone bank, 1% a month is 5000 dolla (cornerstone is an expression)
if you must have more for emergency, the 500k is there.(but you lose the monthly income)

You never touch the 500k yourself.
It just creates money because the bankers use it.

the big banks never fail, the stock market is a casino.

People want to get rich fast and live in a mansion with a lambo, that's not reality.
Play it safe, don't play the stock market.

This post was edited by Mondain on Apr 3 2025 11:11am

no person who's ever in the history of the stock market invested correctly (roth IRA into large index fund) has ever lost. ever. not one time.

start buying in at about age 30 by the latest. stop paying in by about 65. boom you're a retired millionaire.

What bank pays approx 12%/year? 1% a month is an insanely high number but then again I'm not all that familiar with what American banks are offering

Part of the problem with people who don't understand this is...
They're working at walmart, mcdonalds, in a warehouse etc.

Trade school is a great place to start at age 18 if one is not smart enough to figure it out.
20-30++ dollars an hour doing blue collar work, with benefits in many cases.
Room for pay raises...

I went the oil and gas route, worked an oil patch at 18.
Not everyone has to do it the way I did it.

But people bitch and moan about wanting a retirement but don't set the right goals for themselves.

----
Then when their "fast money" plan aka the Stock Market fails them, they cry to big daddy goverment, and start looking to point fingers to blame anyone but themselves.

This post was edited by Mondain on Apr 3 2025 11:18am

dear diary....

glad it worked out for you but tbh even if you're fairly broke you can still retire comfortably if you just start the account. 30 years ago you needed to have like 3k$ to start in any index fund, but its not the same anymore.

at christmas i made all of my cousins sit down and start an account on vanguard, they're all 20 somethings and ofc too dumb to do it on their own because beers and nachos are life atm. their parents all kicked in a small bit and they set up autopay to at least kick in like 50$ a month. now they're set for retirement more or less.

The left is freaking out hard:

1. opportunity to demonize the republican president of the usa
2. left wing off shore investments are taking a hit
3. left wing don't want American jobs, factories, production
4. foreign nations that struck deals with left wing entities are unhappy
5. opportunity to sway the perception of the cattle

e-some typos fixed

This post was edited by Mondain on Apr 3 2025 01:24pm

Famous people hater Bernie Sanders vs known philantrop (*barred from running a charity because he stole from children with cancer) Trump

specific details about personal investments may not always be publicly disclosed.

In 2020, during his presidential campaign, it was reported that Sanders held some investments in mutual funds that had exposure to international markets, including China.

Bernies China investments are getting upset!

This post was edited by Mondain on Apr 3 2025 01:30pm