I call that getting swindled and pimped, sheeit. I call that getting tricked by a business, that shirt's hella dough. And having the same one as six other people in this club is a hella don't. Peep game, come take a look through my telescope. Trying to get girls from a brand, man, you hella won't. Man, you hella won't
(I know the song says $50, but it reminded me of it)
@Emaciations, yeah, better to spend that money on R. Kelly's sheets and a broken keyboard
@Emaciations, I thought you were joking around lol I was so lost reading this until the end. But I don’t listen to that kind of music lol.
@Prime Umbra, It's Thrift Shop by Macklemore & Ryan Lewis if you want to look it up... It was played on my local radio station that I listen to pretty much non-stop when it came out
Who can relate to this. If I had $10k, the stock market is the last place I'd spend it.
@KingGhost52, it's from a wall street subreddit so they find it funny I guess
@KingGhost52, not I. I invest, but nowhere near that much at any given time.
@RogueKnight, that's my whole point. I guess this is a meme for rich people.
@KingGhost52, yup. That we are to poor to understand.
@KingGhost52, I spent a lot of money on booze, birds and fast cars. The rest I just squandered... George Best.
@KingGhost52, that’s silly. Everyone should invest money. I’ve put in over 20k in various stocks that have dropped because of the pandemic. Just try it with a hundred bucks. Invest it in a cruise liner. When they start going again you’ll have 500.
@x2 6x 9 lol, ha, I wish I had $100 to spare.
@KingGhost52, put aside 10% of your income each month into savings (after giving 10% to charity). Live off 80% living within your means. You will have a few thousand after a year to invest. I did this in late 20’s making $20k a year. My stocks are worth over $60k now.m in mid 40’s. Some are higher. LIVE WITHIN YOUR MEANS. GIVE GENEROUSLY. INVEST. GET RID OF CREDIT CARD DEBT. You’ll be able to do this.
@x2 6x 9 lol, glad to see a fellow cruise line investor. I have a hard time seeing the industry disappearing. The only danger I see is the risk of bankruptcy. What line(rs) do you think are the best to invest ATM? Jw. Personally I like RC the best.
@KingGhost52, i would love to have 10K to put in the market on dividending stocks.
If the market gets better then your money will grow and you will have a recurring source of income (if you are smart about your investments that is)
If the market crashes your money will be worthless anyway so I see the market as a better option
edit: I just did a little maths. so right now if you spend 10k on Southern Company stock (SO is a power company) you will get 183 shares each with a dividend of 0.64 cents every quarter which means you will get $117.12 every quarter. if you dump all that back into the market you can make that number bigger the next quarter and so on. keep in mind that its not wise to put all your money into one company though I just did this as an example
@jaski, But I need a new iPhone every year...
@KingGhost52, That’s prob why you don’t have 10k tho...
@x2 6x 9 lol, single stocks are risk. Not worth it. Mutual funds with a 30/40 year history of at least 11% growth is the risk-free option that always yields results over time.
Now's actually a good time to invest while markets are down and stocks are cheaper. I used to work for Capital Group, and you only need a minimum of $250 to open an account and invest in their American Funds mutual funds assets
@Sexy Homunculus, any good places to look or rather people to contact?
My mom had her money in a big bank's investing arena. Guy who was doing ok in volatile stocks bounced to make his own company and FNG took over the bank's investing right about the time CoVID hit the US and the markets fell off a cliff. She tried to make the bleeding stop but the new guy couldn't. Any recommendations?
@mas2de, I'm really not sure. I'm not a licensed financial advisor but I know on the Capital Group website there's a way to look for one in your area. American Funds is known for having low fees and great returns, provided you're willing to invest for a while and aren't trying to get rich quick. For me personally I'm only 27 so I'm investing for the long run, but since your mom is older she may not want to be in the market as long. Generally growth oriented funds have the potential for greater returns but are also more susceptible to volatility (like right now). So while right now isn't a good time to sell investments in those funds it's a good time to buy them since the markets are down and prices will be cheaper.
I'd recommend going to capitalgroup.com or googling American Funds and take a look at what they offer; you could maybe even look for an advisor in your area. You can also contact them at 800-421-4225 and explain what you're looking for. They'll probably recommend you speak
to an advisor as well, but they can also guide you through the website and see what might be the best option for you and your mom during this time.
Hope that helps
@Sexy Homunculus, i finally started 2 brokorage accounts recently (robinhood and webull) I put $100 in and got some free stocks and have been driving my mom nuts with talking about the stock market XD
@Sexy Homunculus, thanks. I'll check them out.
Ah yes. When you happen to have at least $10,000 of disposable income.
Who TF is this meme for?
@LookOutASni, Well, I know some people on here like to flaunt that they make big stacks of money so this pic isn't surprising. 😑
@imjustgabrieeel, like that one girl who sent memes from her fridge for a bit? Rich people.
Anyone bet on Spotifys shares going up, lol
@butternut squash, looks like it did.
@butternut squash, nope, but cashing in on Disney going up
@butternut squash, i put some on Western Dihital and the rest on Nokia cause thats what I could afford. I got Southern Company as a long hold
Who has $10,000?
Well. What's wrong with you then
That’s the Australian spending priorities, splurge on a big holiday but if the price of beer goes up 5c all hell will break loose
Is this some kind of rich people joke that I'm too poor to understand?