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ssica3003's profile
MetaJess
MetaJess
MetaJess
@ssica3003

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MetaJess

@ssica3003

Expect a cycle

Lisbon, Portugal
ssica3003.com
Joined August 2010

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    1. Putanumonit Jacob‏ @yashkaf 8 Jun 2020
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      Putanumonit Jacob Retweeted Liminal Warmth  ❤️

      Most young people's financial capital is in their ability to work, their skills, their reputations, their relationships, their ideas. If you don't have capital in the form of actual dollars yet don't bother with index funds, focus on the returns to the capital you have.https://twitter.com/liminal_warmth/status/1270190280281448448 …

      Putanumonit Jacob added,

      Liminal Warmth  ❤️ @liminal_warmth
      This just occurred to me too... persuade me that this idea is dumb, but does saving/investing even help you that much if all you can save is $100/month? That’s about $50k after 20 years of compound interest with steady contribution. 2 years living expenses if you make 25k now? https://twitter.com/liminal_warmth/status/1270189464015368193 …
      Show this thread
      2 replies 2 retweets 51 likes
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    2. Nicolas Dorier‏ @NicolasDorier 8 Jun 2020
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      Replying to @yashkaf

      When you are saving, you can quit your job, you can move, you have the choice to take a step back and think. If you don't save, you are a slave giving lot's of leverage to people who does not care about you.

      2 replies 0 retweets 4 likes
    3. Putanumonit Jacob‏ @yashkaf 8 Jun 2020
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      Replying to @NicolasDorier

      Agree, having savings is important. But it doesn't matter if you have a perfectly balanced portfolio of diversified index funds or a shoebox full of bills if your current savings are tiny compared to your future income. And sometimes a party, book, or shirt is a smart investment.

      1 reply 0 retweets 6 likes
    4. Nicolas Dorier‏ @NicolasDorier 8 Jun 2020
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      Replying to @yashkaf

      Yes, this is especially true today. But when my dad was my age, inflation was above 10%, in such a case this made a difference. But granted that today, with the ridiculous interest rate, it is useless.

      1 reply 0 retweets 0 likes
      MetaJess‏ @ssica3003 9 Jun 2020
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      Replying to @NicolasDorier @yashkaf

      I know someone who has not bought a single electronic device for the 5 years I’ve known him because he is *so good* at making his friends love him. Another friend loaned him £10,000, sadly died, but he’ll never have to pay that loan back. Some are experts at social networking

      10:54 AM - 9 Jun 2020
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