Anonymous wrote:The stock market is for old people and the young get fleeced .

We pulled out years ago and invest in real estate,

- wealthy millennial

https://finance.yahoo.com/news/generation-no-thanks-millionaire-millennials-172338530.html

Millennials investing for the last 12 or so years of course would think real estate is a great investment. Thinking it's immune to any downturn is also a pretty spot on millennial blind spot.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i hope the stock market crashes and no one invests in it, sick of old people like genx boomers

And how would you prefer corporations to raise capital?

Make a profitable product, earn money and invest as capital.

How do you make a profitable product with no money?

Anonymous wrote:I thought stocks were tangible assets - owning part of a company.

Stocks and bonds are most definitely tangible assets. PPs like to use terms that they don't understand the definitions of.

Anonymous wrote:i hope the stock market crashes and no one invests in it, sick of old people like genx boomers

lol easiest way to spot someone with no money or clue how the financial world works

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i hope the stock market crashes and no one invests in it, sick of old people like genx boomers

And how would you prefer corporations to raise capital?

Make a profitable product, earn money and invest as capital.

LOL. Gotta love the ignorance.

Anonymous wrote:

Anonymous wrote:i hope the stock market crashes and no one invests in it, sick of old people like genx boomers

And how would you prefer corporations to raise capital?

Make a profitable product, earn money and invest as capital.

Yes the stock market is for old people, in other words, the cohort that has amassed the most wealth.

Anonymous wrote:

Anonymous wrote:I thought stocks were tangible assets - owning part of a company.

Valuation is a lot of BS. Look at Trump.

Mixing of concepts here.

Anonymous wrote:I thought stocks were tangible assets - owning part of a company.

Valuation is a lot of BS. Look at Trump.

I thought stocks were tangible assets - owning part of a company.

OP illustrates the danger of growing up on NYT "three people did a thing, let's explore this MEANINGFUL NEW TREND" articles.

Nobody cares that you got out of the market.

-Millennial with rental units and a brokerage account

Anonymous wrote:i hope the stock market crashes and no one invests in it, sick of old people like genx boomers

And how would you prefer corporations to raise capital?

32yo millennial who is, I guess, "wealthy"

NW over 3M and 10% of my net worth is in home equity (primary residence), the rest in the markets.

We'll see who comes out ahead 30 years from now. I have absolutely no interest in managing properties, the up keep, taxes, etc. You can get lucky for sure, but real estate is a slog and in many instances not nearly as liquid.

Liquidity is gold. My portfolio is as boring as you can get..ETFs

Anonymous wrote:

Anonymous wrote:Love the yahoo resource. Top notch.

I was just thinking the same thing. Yahoo is more a Gen-X thing.

Plus, millennial at the high net worth mark were already from rich families anyway. Not impressed that you invested your parents' money in real estate.

More of a boomer thing.

Anonymous wrote:

Anonymous wrote:Sure.. Until that asset class crashes and burns, and they realize the value of liquidity.

Fake money vs tangible assets

As long as you have cashflow to support your tangible assets, you are fine. That's where things go awry.. not having the cash to service the loan, empty home, etc.