"The freedom to make my own mistakes was all I ever wanted."
Self-Managing 5 accounts: HSA | Roth | Dividend Growth Brokerage | Penny Stock Brokerage | 401k
I don’t think everyone is looking for a way to win the argument, but perhaps poke holes in yours. The boomer hate on X is pretty stale.
Sure, some boomers are out of touch. That tends to happen when you hit older age. Some had it easier than the 25-year-olds today, some had it a lot tougher.
X is one giant bitchfest, that’s for sure.
@b_co_co These comparisons are silly and just meant to generate clicks.
Some people take pride of ownership in a home, even if it means a few thousand lighter in the wallet every year. There’s more to life than sitting on your pile of coins, like Scrooge McDuck.
@RentYourStocks I was out for a walk and dropped a million dollar bill. Some peasant yelled “hey man, you dropped something” to which I dismissively waved him off, knowing it wasn’t worth the effort to bend down and get it.
@wrecklessdrive1@PatrickHeizer Grandkids should be raised by parents, with the occasional help from the grandparents. A few thousand a year for gifts, treats and the occasional big spend, right?
@wrecklessdrive1@PatrickHeizer But the OP wasn't about earning as your kids grow, it was a number at retirement. You're addressing the cost of children - which is sky high - but not something most 60 year olds with $2M+ have to worry about.
Oh, I agree.
I know I've had about 10-15 names on a watch list I've seen moon the past few weeks. If someone was in early on those, and smartly took profits, they are already like 10x and playing with house money.
That's one reason I believe it's easier to beat the market in a Roth. No tax hit for trimming profits or moving money around.
@RunningBear571@PatrickHeizer I think you are reading into this more than what it is. X posters are not masquerading as brown shirts trying to grab your wealth.
Take care.
@RunningBear571@PatrickHeizer Hey, I’m with you - spend what you want, that’s you.
But X is flooded with posts complaining about ?M not being enough to retire on. That opens up a healthy debate on how far our there some people are.
@RunningBear571@PatrickHeizer Man, what are these numbers you are throwing out?! $100K on rotting floorboards…what?!
What about owning a $30K car that you put $1-2K into every year? That’s much more realistic than this insane fan fiction you are creating.
@wrecklessdrive1@PatrickHeizer Wait, the fictional rich retirees now have young kids in this scenario? I don’t hear retirement and young kids usually in the same sentence.
@RunningBear571@PatrickHeizer Respectfully, it seems like you want it both ways. You want to be lauded for the budget-friendly one car family approach. Then in the same breath, you aren’t open to criticism for renting the depreciating asset every three years.