Boiler Room: The Official Stock Market Discussion

dora_da_destroyer

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So 100k makes you top 10%? That 100k sounds low.
Not really, people don’t truly understand how rich Western countries are compared to the other 90% of the world.

dark to light, wealthier to poorer

55a3ad136bb3f7626054a11f
 

KalKal

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No Whammies!!
1% of the population owns almost half of the world's wealth

To belong to the top 10% of the world, you must have at least 100,000 dollars, or about 90,000 euros per person or 180,000 euros for a couple.




:patrice: Wonder if that's like net worth with investment assets or cash dollars. Crazy to think that half the wealth is in a small percentage but of course not too surprising since the rich get richer. I'm in the 10% that's if it's based on investments cuz definitely not in cash lol. Hopefully everyone else is or at least will get there within the next year or two.

The article says its net worth:
47 million people in the world have assets (real estate and financial assets) of at least one million dollars [ Net wealth (debts deducted) per adult. One million dollars is approximately 900,000 euros. ]
 

Serious

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You underestimate how much debt there is, cost of living, and how low wages are even here. Plus not a lot of people have good financial literacy. I just now realized this year my car note is one of the stupidest fukking bills I could have put on myself.

I feel if you have even 10k liquid you are way way wayyyy better off than a lot of people. Once you start having 6 figures to play around with I imagine its like living life with a cheat code.
Fukk a car that's $500-600 a month wasted
 

ahomeplateslugger

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Not really, people don’t truly understand how rich Western countries are compared to the other 90% of the world.

dark to light, wealthier to poorer

55a3ad136bb3f7626054a11f

They're talking WORLDWIDE:

I might just be out of touch. I've been to poor countries as a tourist but didn't think it was that bad. They do a good job keeping the poor people out of sight. Just sad.
 

NatiboyB

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Has anyone done DD on either of these MP and Platinum Group (PLG) I'm more so looking for something under $10.

I might just be out of touch. I've been to poor countries as a tourist but didn't think it was that bad. They do a good job keeping the poor people out of sight. Just sad.


that’s exactly what they do. Keep the poor out of sight. Well usually keep the tourist in the tourist areas where it’s of course too expensive for the regulars.
 
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Deafheaven

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Fukk a car that's $500-600 a month wasted

You dont have a whip:ohhh:

By some weird stroke of...luck? I got rear ended and they totaled my 2018 whip. I still owed 15k on it but it was worth 10k so I basically got nothinh but the loan paid off. It was an eye opening thing because Im paying down a asset is losing value every fukking year :dahell:

Decided fukk it I dont even need a whip right now. Ive put maybe 3k miles on it since june. I wfh now and itll probs be permanent. That 550 I spent a month on note, gas, insurance can go to savings or stocks. shyt every fukking thing can be delievered to your door now. Next whip I get is all cash fukk that loan shyt
 

NatiboyB

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You dont have a whip:ohhh:

By some weird stroke of...luck? I got rear ended and they totaled my 2018 whip. I still owed 15k on it but it was worth 10k so I basically got nothinh but the loan paid off. It was an eye opening thing because Im paying down a asset is losing value every fukking year :dahell:

Decided fukk it I dont even need a whip right now. Ive put maybe 3k miles on it since june. I wfh now and itll probs be permanent. That 550 I spent a month on note, gas, insurance can go to savings or stocks. shyt every fukking thing can be delievered to your door now. Next whip I get is all cash fukk that loan shyt


Believe me when I say I really enjoyed my cars. But I also learned that cars are just a waste of money. This Panademic really put it into perspective. Sometimes I go days without driving my cars. And now that they are both paid off and my ole ladies is almost paid off I don’t think I will do it again.

now I do have a goal. I want to drive these vehicles until I have no choice but to get a new car. I used to damn near get a car every 2-3 years.
 
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