Niggercattle finance - Kiwi Farms' Caleb Hammer Moment

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Black Spruce said:
Buy products and services. Cryptocurrency isn't really something that you should see exclusively as an investment. More like a means of exchange that no bank, payment processor, or government can get in the way of. I don't like how normie investors jumped in on it because that kind of turned a useful tool and asset that naturally goes up consistently (but slowly) over time, into a big speculative asset for day trading. It's cringe.
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Very few places take dogecoin. You aren't going to be able to go to your local grocer and buy groceries with dogecoin. Bitcoin, the most popular of them all, is even really limited in who will take it. Why would you want to use a shitty crypto which can change in value by 20% in a day as a currency over something stable like a dollar?
 
Hollywood Hulk Hogan said:
Very few places take dogecoin. You aren't going to be able to go to your local grocer and buy groceries with dogecoin. Bitcoin, the most popular of them all, is even really limited in who will take it. Why would you want to use a shitty crypto which can change in value by 20% in a day as a currency over something stable like a dollar?
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This is pretty much exactly why, whenever it is brought up, I always tell people to treat Crypto like day trading and gambling mixed in together. While "nothing" backs the value of Fiat currency, literally nothing backs the "value" of Crypto. Its only value comes from whatever a bunch of Anons decide it should be today, and the Pink Wojak meme pretty much owes its existence to dumbasses losing everything they have to the latest Crypto scam memecoin.

And besides, the only reason to actually use Crypto as money is if you're buying illegal shit.
 
Hollywood Hulk Hogan said:
Very few places take dogecoin.
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I'm not going to get into a debate about crypto on a thread about people being retarded with money so I'll make it quick and simple. You can use whatever crypto you want, and if you're trying to buy from someone who doesn't accept your preferred crypto, use a different one. People have countless reasons to use the means of exchange that they do, some of those reasons are retarded, some of them are smart. I use crypto because I believe in it's original subversive purpose, and therefor if I ever have the option to use it when I'm buying something, I will. I just wish the retarded speculators would fuck off and try to find some other get rich quick scheme.
 
Black Spruce said:
I believe in it's original subversive purpose, and therefor if I ever have the option to use it when I'm buying something, I will. I just wish the retarded speculators would fuck off and try to find some other get rich quick scheme.
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I had half a bitcoin once.
I used it to buy LSD off the silk road, as God intended.
If man were meant to profit from speculation, Jews would be beloved by all.
 
One branch of my family raised their kids to be niggercattle. Little cunts always asking for new jordans or whatever negro-branded shoe. One holiday the wiglet only asked for shoes for gifts and received 4 pairs, all of which were $300+ and would be outgrown within a year.
 
There was an article on this a couple weeks ago but I know many boomers who can’t retire. They got a 30-year mortgage they are on the sixth year of, they got boats and RVs that they can’t get off their property because nobody is interested in buying them, and several cars that they have no need for. A couple have some rental homes that they struggle to make any money on. How I know this is they’ll tell anybody and everybody about it.
Uncle Tom's Condo said:
Admittedly I'm one of the stingiest people out there, but goddamn, how do people live like this?
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I also know a number of these people and it’s always a variant of “you can’t take it with you” or “I work my ass off so I’m going to have fun every once in a while.” I understand the arguments but most of the time it’s reckless impulsive spending on stupid shit that they eventually regret later.

Whenever I want to buy something frivolous I’ll usually sleep on it and decide if I really want it the next day, I can get it. Rarely do I ever get it because in the next 12-24 hours I’ll realize it’s a stupid purchase and my money is better spent elsewhere.
 
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The Hardest R said:
There was an article on this a couple weeks ago but I know many boomers who can’t retire. They got a 30-year mortgage they are on the sixth year of, they got boats and RVs that they can’t get off their property because nobody is interested in buying them, and several cars that they have no need for. A couple have some rental homes that they struggle to make any money on. How I know this is they’ll tell anybody and everybody about it.
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ObeseScreamingBlackMan said:
It is that easy.

I’m a fan of investing a set monthly amount into an index fund as a long term strategy and sweeping monthly leftovers into a money market account.
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Any advice on what kinds of index funds would be good to invest in? I'm basically new to this, but better to have my money sitting in an investment instead of the ban
 
Margo Martindale said:
Any advice on what kinds of index funds would be good to invest in? I'm basically new to this, but better to have my money sitting in an investment instead of the ban
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You can do worse than the “total world stock market” funds - if you’re at Fidelity FZROX has a zero expense ratio which is sexy.

Later you can decide if you want to “tilt” which means “I think I want to expose my ass more to this than that” which can have good reasons or bad to do.

As for people complaining they “can’t sell” they’re saying “I don’t like the current market price and it makes me sad” - honestly one of the reasons inflation exists is so boomers will sell their shit at an actual loss but a nominal break even.
 
Margo Martindale said:
Any advice on what kinds of index funds would be good to invest in? I'm basically new to this, but better to have my money sitting in an investment instead of the ban
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I'm not smart or even particularly imaginative about investing so I just stick to an American total market index fund. I'm with Fidelity so I bought FSKAX. If you go with Vanguard, but VTSAX, etc. They're all mostly composed of S and P 500 stocks anyway.

Remember, these are long-term options. I put the money in not planning to touch it for a long time. There are better other options for short-term gains.
 
How do I get my mother to stop having those mail order clothes accounts?

She never pays it off in full, only little bits at a time and it's not like she doesn't have the money. The interest is like 30%. She's literally paying to waste money. I don't get it. I bring it up sometimes but I just don't get through. She must think that she gets more in interest on her savings than the account costs so she's winning. It just baffles me.
 
Major said:
How do I get my mother to stop having those mail order clothes accounts?
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What on earth?
Is it some psychological compulsive shopping thing?
 
Major said:
How do I get my mother to stop having those mail order clothes accounts?

She never pays it off in full, only little bits at a time and it's not like she doesn't have the money. The interest is like 30%. She's literally paying to waste money. I don't get it. I bring it up sometimes but I just don't get through. She must think that she gets more in interest on her savings than the account costs so she's winning. It just baffles me.
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Your father still alive? If so, mom can't touch the credit cards anymore. Dad gets to do ALL the shopping.
 
NoReturn said:
What on earth?
Is it some psychological compulsive shopping thing?
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She's always had them. They existed back when mail order catalogues would give people credit back when most people couldn't get a credit card.

I don't know why they still exist but she must have paid thousands in interest over the years. I think it's just something for her to do, like a hobby.

Audit said:
Your father still alive? If so, mom can't touch the credit cards anymore. Dad gets to do ALL the shopping.
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My dad doesn't know how to use a computer. He has trouble with phones sometimes. I don't think he knows about it either.
 
Major said:
She's always had them. They existed back when mail order catalogues would give people credit back when most people couldn't get a credit card.
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It's probably illegal as all hell, but you could send letters for her cancelling that shit, and then get her addicted to Shein™ on an ipad or some shit.
 
Homegrown Homophobia said:
As much bullshit as the financial system is, it is comforting to know the average person in the US can take advantage of funny money and bankruptcy laws like the big dogs and do as many financial restarts as you want with no real stigma or repercussions, something that's not afforded in most of the world. In East Asia shady loan companies send hired goons after delinquent debtors to strongarm money out of them. If you tried to do that in the US those goons would be getting a nice face full of lead or buckshot.
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I know a really ass burgers friend who moved to Japan for a woman. Total "based nippon land of anime waifus" weeb who got with some 2view Vtuber in the area. I'll say in his defense that he's so autistic that he doesn't bullshit or exaggerate. Tells the truth to a fault even if it embarrasses him. From what I understand this vtuber manipulated him into going massively into niggercattle levels of debt. He went through a legit debt company and got house calls from legit Yakuza who threatened to chop him to pieces if he didn't pay up. Yakuza are big into even the legit loan companies in Japan. Normally I wouldn't believe it but my friend talked about this in his matter of fact way like it was just a trip to the toilet. So I firmly believe Kiryu-san came to my friend's house due to his poor life choices and shitty taste in Vtubers. The consequences of being niggercattle
 
The Foxtrot said:
And besides, the only reason to actually use Crypto as money is if you're buying illegal shit.
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You realize you're posting on a website that can only take donations in crypto and literal 1970s money orders/checks because payment processors refuse to work with Null, right?
 
Pendulous Dong said:
I work in a profession that makes pretty good money if you stay in one place, and pretty great money if you don't. Something I always ask people is what their first big stupid purchase was when they got their first paycheck. Some of my favorite answers, in ascending order of how entertaining I personally found them:

- Got a down payment on a house
- Paid off student loans
- Bought stocks/crypto
- Bought a bunch of jewelry and shoes
- Bought multiple guns and accessories
- Bought a car
- Sold their car, bought an RV
- Got a gastric sleeve surgery, gained weight afterward by drinking fruit juices
- Sold their house, used the equity to get a down payment on a new BMW M5, lost their housing stipend because they no longer had a permanent address, had to sell the car, is still making payments on it to this day
- Started spending $750-$1,000 per week on Asian massage parlors, went home, got divorced because his wife found out, lost his house and kids, flew across the country to propose to the one girl he was seeing multiple times a week, got rejected, calls me months later asking me to move in with him because we worked together so well bro come on it'll be great

Anyway this is all to say that spending money on stupid shit isn't inherently bad. Everyone spends money on things they don't need, but make sure that you're not actively fucking your life up by doing so.
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Updates, still in ascending order:
- Adopted a dog
- Bought $2500 worth of gym equipment, realized he enjoyed going to the gym more than working out, sold it all on Craigslist for $800
- Bought a wife from Jamaica (not me being cynical, this is literally how he described it)
- Bought eleven Glock 19s, got arrested when he tried to buy an equal number of Glock switches for them.
 
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