Why do most people simply not bother with investing?
Im one of a few dozen people in my family who actually does the investing thing, everyone else pays their mortgage, and then uses all their extra left over money to consume stuff for fun.
Why do most people simply not bother with investing?
To reiterate what I mean, for example my brother and his wife will earn 10k per month after tax, then they will put 5k to mortgage, bills, insurance, and other expenses, but then with their remaining 5k, instead of investing, that 5k is their "spending money"
lots of people are just too afraid. It's pretty much impossible to invest without SOME kind of risk, and most people are just really risk averse. Especially as they get older. At one point in history that was fine, but now you're pretty much doomed to wageslave if you don't invest every penny. The system is totally broken but I doubt there's any real fix other than nuclear fire
Investing is a scam and investoshi is a scammer
Most people just don't have the money to spare.
You're expected to have X amount in savings for emergency/when you inevitably get let go from your job to hold you over until you get your next job.
Plain and simple - investing these days is synonymous with market manipulation which translates to you losing money + too much anxiety watching charts.
Oh, and "set it and forget it" = "this will only grow 3% per year, you'll still be poor when you're old but hey at least you won't be broke hahahahahaha"
yes. My parents for example are all about real estate but refuse to touch any other investment with a long stick. They are probably conditioned by the "housing always goes up" meme and also afraid of the very visible volatility of stocks, plus they're not all too familiar the accounting stuff. I think most people (who have disposable income to invest anyway) are the same, they avoid volatility and unfamiliar things out of fear of failure.
So youre saying normalfags can exist and automatically get love, sex, relationships, by just existing, without any risk taking, but they can't do this with investing??
yes normalfags can't into abstract stuff and they're pretty much incapable of thinking for the long term and are very much guided by emotion and short term desires, which is why they are so eager to spend most of their disposable income
>My parents for example are all about real estate
Boomers absolutely love the idea of being a
>land
>Lord
Loads of them will be unaware of the problems that can occur there, like heroin users managing to get round reference checks, smashing the place to bits and then they have the landys address, but they don't have theirs.
They also seem to think the tenant is there to maintain the property for them. Which is backwards legally.
>Loads of them will be unaware of the problems that can occur there
not mine thankfully for them. They carefully vet and interview in person any would-be tenant to make sure they are people that can be trusted to pay their dues and not destroy the property. That means they don't take negroes in for example
>They carefully vet and interview in person any would-be tenant to make sure they are people that can be trusted to pay their dues and not destroy the property.
To be fair. That's still not enough.
The guy I last rented somewhere from an an extensive background / employment check and still ended up with tens of them smashing up his recently refitted flat.
The way that happened is one of the girls, who was employed and semi attractive, approached him claiming to be a victim of domestic violence.
So being the nice guy he was, he let her in without a deposit or rent advance. As soon as they're in, another 30 of their closest scum friends from round town turn up within hours.
Modern advertising is propaganda so powerful it should really be considered outright brainwashing. Read John Taylor Gatto. They cannot help themselves, money really does burn a hole in their pocket. The only reason most people today would pass the marshmallow test is because someone already told them what the "smart" answer is.
what's the marshmallow test? Is it some kind of gotcha question?
It's a test of the capacity of a person to delay gratification for greater rewards in the future. Typically done on children. You take a child and give them a choice: they can have one marshmallow now, or they can wait ten minutes and get two marshmallows. Some children have the patience to wait ten minutes and get two marshmallows, but the rest can't wait that long and just take the one marshmallow right away.
The adult version would be to offer to give someone $500 today, or to give them $1000 in a year. Obviously you have to pretend inflation isn't happening but you get the idea.
well that's still an easy choice with inflation taken into account. You'd either have to be broke or a retard to pick $500 now.
That graph doesn't actually show as much as you might think.
But yes. Its amazing how many people will tell you they know what they're doing etc with zero actual experience of handling their own money.
>rich people have more money
wooooooow
Why not pay your mortgage and invest the remaining amount? Are you a rentoid?
I gave that example of my brother and his wife
>10k after tax take home
>5k monthly expenses
>5k spending money (not invested)
top 10% have a ton of discretionary income and can afford to invest it.
bottom 90% have minimal to no discretionary income and tie up their cash servicing their various debts, some of which are related to housing and some of which are unrelated to housing (transportation, medical insurance/treatment, student loans, etc.)
Don't carry their water for them: the bottom 90% are stupid as fuck and spend way too much even if they don't make that much money. You can EASILY live very comfortably for $20-30k/yr in expenses, and even if you're only making $40k/yr, that's still $10-20k/yr in investment potential. They choose not to, or are brainwashed into wasting money because they're too stupid to install adblock and stop consuming broadcast media.
I talked with my normie friend recently. I told him that at 2021s peak I was at 1 million $ (now im down 80% ffs)
And said to him now is the chance to invest, only 50$ is enough
But he said he prefers to be trapped in a hamster wheel