Quote:
Originally Posted by RevYouUp
The ship has sailed for the younger generation to make any money off real estate and even stocks. We can only hope that US equities keep performing like the past to grow any wealth.
I’m salty that I wasn’t born 5-10 years earlier. If you’re in your 40s and don’t have a sizable net worth you did something wrong. You could have bought any asset and made big gains, even collectibles and cars or randomly choose a tech stock to dump money into.
|
The last 15 years was solid for equities. 2020-2025 was solid for the late 90's and 2000's kids.
I feel ya, if I was born in 1980-1990, I'd probably be whipping in a 911, big mcmansion in richmond, and copious amounts of hookers and blow.
Quote:
Originally Posted by Badhobz
^hey now. If that was the case then everyone would be rich. Clearly not everyone is in Vancouver. I know tons of guys my age who are just squeaking by and even more boomers who’ve had all the advantages in life, live in squalor.
What’s the saying ? Past performance isn’t indicative of future performance ?
It’s not a matter of just being there at the right place and time. You also need to have time and money to take advantage of opportunities when they arise. If you don’t have either of those, these so called opportunities are moot.
Everyone who is “doing well” are often coasting on their parent’s money. Almost none of them came from the trash and was able to rise above it.
|
That's true, I don't think most of us are average people though, we did pretty well even in our own time period.
I learned most of saving and investing from the internet in 2015, I don't know if I could say the same if I was 15-20 in the 2000's. I learned most things from the internet.