Are we becoming greedier?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

Another person who is thinking the exact same thing. Building as much wealth as possible, worried for our kids and what the future holds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

Another person who is thinking the exact same thing. Building as much wealth as possible, worried for our kids and what the future holds.

+3 and fortunate to be in the position to do so.

[Anonymous]

Anonymous wrote:With time, Americans have became more consumerist and participate in the constant chase of getting “more”. Getting to the bigger house and the nicer car is becoming increasingly harder while the obsession with buying material things has never been greater. It’s never enough and with less money flowing people are going to grip tighter or do things that they might not usually do to keep their lifestyle up.

So, is this really true? It seems people in other countries are generally more obsessed with appearance and getting more than the Americans I know. Americans feel pretty frugal to me based on my experience working in other countries, especially in southeast Asia and the middle east. Just brand consciousness alone I find to be far more important outside the US.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

What investment is ever shielded for extreme events or extreme measures? None.

[Anonymous]

Anonymous wrote:

Anonymous wrote:With time, Americans have became more consumerist and participate in the constant chase of getting “more”. Getting to the bigger house and the nicer car is becoming increasingly harder while the obsession with buying material things has never been greater. It’s never enough and with less money flowing people are going to grip tighter or do things that they might not usually do to keep their lifestyle up.

So, is this really true? It seems people in other countries are generally more obsessed with appearance and getting more than the Americans I know. Americans feel pretty frugal to me based on my experience working in other countries, especially in southeast Asia and the middle east. Just brand consciousness alone I find to be far more important outside the US.

You are correct. Our fashions for the young are literally pajamas and sweats and stuff that can be bought at discount stores and nobody will tell. You can be wealthy and dress like you just rolled out of bed in the USA unless your job requires some minimum dress code.

[Anonymous]

Anonymous wrote:You're 25. You know nothing.

He did admit that he knows nothing. What's your point wise guy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

Another person who is thinking the exact same thing. Building as much wealth as possible, worried for our kids and what the future holds.

+3 and fortunate to be in the position to do so.

Most of you will not be able to save enough for your kids to have the same standard of living they are enjoying now. Make sure you encourage them to be independent, creative, driven and humble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

What investment is ever shielded for extreme events or extreme measures? None.

+1000. Human nature sadly make us feel comfortable with the millions we have in equity. We often rationalize by pointing to the past and conclude that the most we could lose is X%. That's just wishful thinking.

[Anonymous]

Anonymous wrote:People have been greedy for a long time.

"In 1929, at the height of an economic boom in America, Joseph Kennedy Sr. (father of JFK) was working as a stockbroker on Wall Street. As the story goes, Joseph was walking around when he decided to sit down for a shoeshine. While polishing his shoes, the young worker gave Joseph some of his favorite stock picks. When Joseph heard the shoeshine boy giving out stock tips, he figured the party was about to end, and it was time to get out of the market. Joseph proceeded to exit his positions in the market and bought short positions that bet on the market going down."

https://www.pitzlfinancial.com/blog/ode-shoeshine-boy

We're not going to have a 1929 style crash, and we might not have one at all, but a 5-10 percent downturn, or even larger, wouldn't surprise anyone.

ha ha! This reminds me of year 2001 when I was a young scientist working for a start up. I recall a conversation on my way to work one day with my landscaper who wanted to discuss his holdings in CISCO, EMC, AOL, JDS Uniphase.... I recall it was springtime and we were a few weeks before the dot com meltdown that year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

Another person who is thinking the exact same thing. Building as much wealth as possible, worried for our kids and what the future holds.

+3 and fortunate to be in the position to do so.

+4, and very happy with decision to only have one kid.

[Anonymous]

People have always been greedy. Are you new to this planet, OP?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

What investment is ever shielded for extreme events or extreme measures? None.

PP here, this is true but we are keeping a very close eye on the market and are planning exits to cash or index funds sooner rather than later. Also, thinking of buying some real estate, at least kids can live in the house and only have to worry about a job to provide living expenses. Preparation and planning is all we can do, rest is out of our hands.

[Anonymous]

Anonymous wrote:People have always been greedy. Are you new to this planet, OP?

Yes. If you could read, you'd see that mentioned in the OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are more worried about the future..In my opinion this explains why a lot us are trying to be as rich as possible as quickly as possible.....

This. I’m glad I have a lot invested because who knows what the future holds as far as jobs for me and my husband and our kids.

OMG, I thought I was the only one with this sentiment, we have good HHI and investments right now and we are looking at every opportunity to increase our NW because I don’t know what future holds for my kids or even us, we are doing our best so they can at least be comfortable.

Another person who is thinking the exact same thing. Building as much wealth as possible, worried for our kids and what the future holds.

+3 and fortunate to be in the position to do so.

+4, and very happy with decision to only have one kid.

Again folks you will be fine..no amount of money is going to give you confidence that your kids will be set. The future is so uncertain with so many variables that's it's hard to say. It's not just about money. It's about society. It's about how some us no longer think vaccines are safe. It's about how some us hate poor people. It's about how some of us think roofers working in 100 degrees heat don't need water break etc etc. We are slowly going after our own citizens and turning them into monsters by robing them of their dignity.

If you leave your child 15 million dollars it's not going to make them safe.

Let us worry about making a better society as opposed to worrying about how much money we are going to leave our kids