yhzfrmcbwj
Joined Sep 2022
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yhzfrmcbwj's rating
Can be watched as comedy. But as documentary it is all around an insult to your intelligence if you know basic arithmetics and very basic financial knowledge. And if not, it's misleading and unsound financial advice.
Some nuggets of gold from these so called "financial experts":
This documentary was I think shot during the legendary covid bull rally. So everyone seemed happy with profits. My worry is some people watching it now will start deploying all their money to these risk assets unproportionally and get hammered.
I also don't understand the dream of early retirement and stop working. What are you gonna do after you retire at age 40? Sit all day at beach? (Probably you can't afford it anyway living off the interest of your s&p500) Can't you do anything useful for the world which you also enjoy doing and can also get paid?
Some nuggets of gold from these so called "financial experts":
- Put all your money on S&P 500 bro, you feel me? It returns %10(no, it's not) you will be a millionaire. Google warren buffet bruh, he is the best.
- Put 8k every month in S&P 500, you will retire as a couple in 5 years(!) with 2 kids (!) and at age 40 (!). (Do you have a calculator?)
- Bro I bought apple and Facebook shares too! Man you couldn't do better.
This documentary was I think shot during the legendary covid bull rally. So everyone seemed happy with profits. My worry is some people watching it now will start deploying all their money to these risk assets unproportionally and get hammered.
I also don't understand the dream of early retirement and stop working. What are you gonna do after you retire at age 40? Sit all day at beach? (Probably you can't afford it anyway living off the interest of your s&p500) Can't you do anything useful for the world which you also enjoy doing and can also get paid?