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I think for a lot of (white collar) people, the last year and a half of covid has been the most lucrative time of their entire lives. Crazy returns across all a
by smabie 5y ago
I think for a lot of (white collar) people, the last year and a half of covid has been the most lucrative time of their entire lives. Crazy returns across all asset classes.
- tayo42 5y agomy measly half million dollar worth of stocks "only" grew 30%. There's a significant amount of people do that much better than i did? what am i missing?
- fridif 5y agoI spent 1.1M on a house with my wife of course and am very happy with my purchase. Lots of land and nobody around to tell me what to do.
- pengaru 5y ago> with my wife > nobody around to tell me what to do
- matt_s 5y agoLOL
- satronaut 5y agoburn!
- fridif 5y agoThe only person this reflects on is you. My life has done nothing but improve since getting married.
- pengaru 5y ago> My life has done nothing but improve since getting married. Presumably you wouldn't both mention her participation and dismiss her presence in the same breath... Not sure what you're trying to say about this reflecting on me, it's just an amusing contradiction. I think it reflects well on my sense of humor.
- fridif 5y agoWhy are you assuming that my wife tells me what to do?
- pengaru 5y ago> Why are you assuming that my wife tells me what to do? Why are you failing so hard at seeing your choice of wording through a humorous lens? As written, your statement reads like "there's nobody around, and as a result, nobody is here to tell me what to do." In the same breath you mention there being someone else around, but apparently your wife doesn't count as somebody. It's funny, and judging from the +27 of my comment illustrating the amusing self-contradiction, I'm not alone in finding the humor.
- smabie 5y agotech stocks, crypto, real estate, etc
- tayo42 5y agopeople have 6 figure crypto accounts that aren't just already wealthy? this is the norm and they're all buying property and driving up prices?
- plorkyeran 5y agoA bunch of tech stocks doubled in 2020, and some did significantly better than that.
- tayo42 5y agoI mean i know some lucky pickers and gamblers probably did better than me but there cant be that many that theyre all driving housing markets up
- philjohn 5y agoIf you're anything like me you probably managed to save a whole heap of money as well - less eating out, no commuting costs etc. etc.
- pjc50 5y agoCongratulations, you're in the top 1%. There aren't that many people above you, but 1% of the US population is still millions, and they have an outsized influence and visibility. Property also suffers from "pigeonhole" effects; a few foreign millionaires parking their money in empty properties at the top end causes everyone to move along one.
- tmountain 5y agoThe threshold to be in the top 1% in the US is 11M. A US citizen needs 4.4M to be in the top 1% globally. More than 8% of US families fall into the millionaire category.
- Invictus0 5y agoIn my opinion, it's more meaningful to look at top X% as a function of age bracket. Any moderately successful American born in 1950 is probably a millionaire today.
- larrywright 5y agoIn terms of my stock portfolio (just 401k/IRA and some shares in an employee stock purchase program), most definitely. I actually feel a bit guilty about that. So many people have struggled financially but I did not. Top that off with seeing so many people jumping to new jobs, and discussion about big bumps in salary due to competition… it’s hard not to see that there’s a huge disparity between the tech sector and everyone else.