Just saw a reddit post in which some trust fund kid took his 700k inheritence from grandma and invested it all in Intel lmao (hexbear.net)

submitted 3 months ago* (last edited 3 months ago) by gueybana@hexbear.net to c/chapotraphouse@hexbear.net

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He’s down 200k in A day.

I get the US government will forever prop up this shitass boomer company but what kind of capitalist true believer do you have to be to believe in Intel?

WARNING (Wall Street Chuddery) https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_i_definitely_picked_the_wrong_day_to_buy_intel/

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[-] GrouchyGrouse@hexbear.net 48 points 3 months ago* (last edited 3 months ago)

More like bust fund

What a fucking moron. That's "I can buy land" money. You know. The thing that actually almost always has value.

[-] hexaflexagonbear@hexbear.net 32 points 3 months ago* (last edited 3 months ago)

Or if you want stocks just go for an index fund? Diversify a tiny bit? But yeah, I'd just buy a home...

[-] InevitableSwing@hexbear.net 21 points 3 months ago* (last edited 3 months ago)

That reminds me of "Mr. Deals"...

It's Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500

As of today, Trump would be an estimated $400 million richer if he had just put his father’s money in the index.

And - of course - that would have meant effectively zero effort for Trump. No building his brand. No failed casinos. No failed airlines. No failed universities. No failed whatever else I'm forgetting.

[-] combat_brandonism@hexbear.net 13 points 3 months ago

Direct to consumer steaks

[-] GrouchyGrouse@hexbear.net 13 points 3 months ago

Oh yeah you could buy a nice home outright, invest the rest in mutual funds, IRAs, and keep an emergency fund. Then work whatever job you want to maintain a comfortable lifestyle.