Feeling bitter about having been born too late

[Anonymous]

Try graduating in 2002. We got great jobs and made great money. We invested what were very significant sums of money for us very early. By 2008, after putting basically all excess cash in the market for 5 years we had an annualized negative 20%+ rate of return.

You know what. It worked out fine. And yours will too. You can’t time when you are born. Clearly good timing helps some and hurts others but over the course of a lifetime it won’t really affect you.

[Anonymous]

I graduated in 2007. What is your problem? Same, same. Decade of lost time.

[Anonymous]

Anonymous wrote:I was first able to invest money in the late 90's. If you look at the DJIA, the market was basically flat for the next 15 years. It went up (tech runup), then down (tech crash), climbed a bit, great recession, recovery. It wasn't until the mid-2010's that I started to see real, long-term growth in my retirement accounts. So complaining about "missing out" is nothing new.

This. We lost 40% of everything we had saved and all the equity in our house in the Great Recession. When you have major market losses like that you actually have to then earn a significantly higher percentage to earn it back. Nice stable 5-6% returns are great for you, OP. Also, I lived in a group house in my 20s and didn’t own a car until I was 28 (at which point my husband and I bought a used one together). We bought a cheap starter house at 31 in PG. I just can’t bring up that much sympathy for the 20 somethings that can’t buy a new car and house in Alexandria.

[Anonymous]

Anonymous wrote:Try graduating in 2002. We got great jobs and made great money. We invested what were very significant sums of money for us very early. By 2008, after putting basically all excess cash in the market for 5 years we had an annualized negative 20%+ rate of return.

You know what. It worked out fine. And yours will too. You can’t time when you are born. Clearly good timing helps some and hurts others but over the course of a lifetime it won’t really affect you.

Same with us. So awful when it’s happening but you just have to ride it out.

[Anonymous]

Anonymous wrote:Try graduating in 2002. We got great jobs and made great money. We invested what were very significant sums of money for us very early. By 2008, after putting basically all excess cash in the market for 5 years we had an annualized negative 20%+ rate of return.

You know what. It worked out fine. And yours will too. You can’t time when you are born. Clearly good timing helps some and hurts others but over the course of a lifetime it won’t really affect you.

What? I graduated in 2002. Got a job. Never made much money despite a good education. Even started my 401k at that time. I feel like I missed the boat as well. If you were able to invest significant sums of money early on, you belonged to a very small percent of the population in the first place and utterly lack self awareness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

True. But at least we get to benefit from our parents’ wealth. I got a six-figure down payment for my house and also get a $30,000 annual gift tax-free from my parents. Their parents could never have afforded to give them those types of things.

Lol as if anyone not in the top 1% gets this from their parents

[Anonymous]

This is the best time to be alive in the history of the world! (In the US)

Be grateful!

[Anonymous]

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

OP you got a 3 year student loan PAUSE, something that has literally never happened before & never again will, and you’re complaining?

[Anonymous]

Invest in the stock market, OP. High tech stocks. Wait a bit for Apple, it's at its 52 week high. When it dips, buy.

[Anonymous]

Anonymous wrote:On the other hand, you'll be alive 30-50 years longer than the others..

This.

I'm in the same boat, but I'd rather be 30 and living like a student than 80 in any giant house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

True. But at least we get to benefit from our parents’ wealth. I got a six-figure down payment for my house and also get a $30,000 annual gift tax-free from my parents. Their parents could never have afforded to give them those types of things.

Lol as if anyone not in the top 1% gets this from their parents

Yeah, this isn't normal!

[Anonymous]

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

Nvidia

[Anonymous]

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

I’m one of those older generations. Real estate felt already overvalued when we bought our first house in 2001, and mortgages were pricy. That was also the year I began contributing to retirement savings, and across the next decade my real rate of return was negative. The 7% returns were only the decade following. You’re no worse off than I was.

[Anonymous]

Anonymous wrote:On the other hand, you'll be alive 30-50 years longer than the others..

+1. No fun looking at the burning fuse getting short and shorter OP.

[Anonymous]

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

OMG, shut up stupid entitled millennial/gen z brat. I'm so sick of you guys complaining all the time about how your lives are so hard, mommy/daddy are just awful people, blah blah blah. Grow up. You're presumably in your 30s you should consider acting like ite.

-Young Gen X.