New Finance Flair

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May 25, 2016

The finance flair was created in response to all the great posts that we saw on the sub regarding business and money management. It should be used to cover money topics from a red pill perspective.

Here are a few examples: * Prenups * Financial Independence * Passive Income
* LTR money managment * Workplace politics

While there are other places to discuss such topics as finance and budgeting in the general sense, there are plenty of red pill concepts that apply to improving one's finances. For anyone that wanted to disucss that bitch Kathy in HR this is the flair for it.

Post Information
Title New Finance Flair
Author redpillschool
Upvotes 236
Comments 100
Date 25 May 2016 01:04 PM UTC (4 years ago)
Subreddit TheRedPill
Original Link
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Red Pill terms found in post:
long term relationshipthe red pill

[–]Endorsed ContributorMeat-on-the-table90 points91 points  (29 children) | Copy

This is perfect. Exactly what we need.

In the words of one rotund and notorious individual, "disregard females, acquire currency"

[–]azgoldfin9 points10 points  (23 children) | Copy

Been a red pill reader for over a year. This is a topic I can definitely contribute some value to. I went to school for finance, have small business experience and am a practicing financial advisor. Anything related to investments, money management, retirement planning, life insurance, speculation/trading or small business development I have good knowledge of. If there are any specific topics anyone would like covered, let me know.

[–][deleted] 6 points7 points  (9 children) | Copy

Why do people pay financial advisors to invest with them when they can do it themselves after a little research? Why don't financial advisors have a fiduciary duty to their clients?

I await your response.

[–]enfier1 point2 points  (2 children) | Copy

If you are going to have a financial advisor, get one that is fee only and has a fiduciary duty from NAPFA. If you want to pay for advice you can find at the library, go ahead, but at least you won't have your wealth slowly bled out of your accounts with high fees or bullshit insurance policies.

[–]azgoldfin0 points1 point  (1 child) | Copy

I would say more importantly find someone you can trust entirely and want to have a long term relationship with as your advisor. Whether you find that person through referrals of someone else you trust or through interviewing multiple advisors, what matters most is that you have someone you can trust regardless of what type of investment product they use.

As an advisor, I offer both advisory accounts and the traditional commission based mutual funds. I would say to educate yourself on the differences and decide what you like best.

The money managers I use for traditional commission based products will likely outperform any of the advisory options available and have consistently in my experience so far. The commission based products I use have an upfront one time commission and then a very low annual expense in comparison to their competitors and they have outperformed the market over any long term time frame.

Advisory accounts generally use ETF's or the same funds mentioned above (minus the sales charge) but add in some strategy to move you between different funds in order to attempt to increase performance according to the advisory agreement. They are doing this additional moving of assets within the account for an additional annual fee that you will get hit with every single year. The fact is, the lower the annual expense, the better the long term performance you are going to have. You are going to pay that fee to the advisor even in years like 2008 where your account was getting crushed.

As an advisor, I would rather you put all your money in an advisory account where I can collect a higher fee every single year going forward and make my practice more valuable when I decide to retire and sell my book of business. If a client doesn't want to pay any commission/sales charge and prefers an advisory fee, they end up putting more money in my pocket long term and increasing my net worth more so than by paying that one time charge with much lower annual expense. I tell this to them directly. Be my guest.

One of the reasons people detest mutual funds so much is because there are so many of them and most of them do suck. If I remember right it's something like 8,000 plus fund choices out there. The list of funds that outperform the market is such a small fraction of that that all mutual funds get a bad wrap because of it.

If you would like to see a short list that includes some funds I believe are much better buy and hold choices than any advisory account google "Morningstar Fantastic 50." For anyone wanting to educate themselves on quality choices I would start here and further explore the short list of money managers listed.

In summary, prioritize working with some you trust, use investment products with a very long track record and low expenses. Keep it simple.

[–]enfier1 point2 points  (0 children) | Copy

The problem with most financial advisor relationships is that the incentives for the advisor are directly at odds with your own best interest. The advisor gets paid more commission for pushing you towards high fee options and shuffling your money around to rack up fees. None of this activity is likely to increase your returns, in fact eliminating the fees and indexing instead would be practically guaranteed to increase your returns.

Now if I showed up to a Toyota dealer tomorrow and found they had replaced all the salesman with automobile advisors, I wouldn't be fooled for a minute. So long as they advisor is getting paid in commission and has no legal obligation to act in your best interest, any advice given is suspect.

The current system has a ton of financial salesmen masquerading as financial advisors. Going to them and emptying your pockets and trusting is how you get shorn like a sheep. They'll bleed money out of your accounts slowly over the years with high fees to line their own pockets.

It's quite easy to change the incentives in the relationship so that your financial advisor profits when you profit. Simply paying a flat fee for the advice makes it easy to understand what the advice costs and if you are maintaining your own accounts (with Vanguard perhaps) then it won't benefit your advisor to try to run up the fees. I'd also look for an advisor that has a fiduciary obligation to you, it's just common sense that your financial advisor should be acting in your best interest.

[–]azgoldfin0 points1 point  (5 children) | Copy

Sorry for the delay responding over the holiday weekend. I’ll start with the question that has a very simple answer: I do have a fiduciary responsibility to my clients.

While I do agree with you that you can take care of managing your own retirement/investments yourself, I completely disagree that the average person is capable of doing so after a “little research.” Think about the intelligence of the average person you encounter in daily life. I would argue most would have a hard time understanding the simple concept of compound interest much less how to put together a full investment plan, being confident they are putting away enough for their retirement needs, calculating what their future needs will be or making sure they are utilizing the correct types of tax deferred accounts just for starters. (this doesn’t even account for more advanced planning of high net worth individuals that need massive life insurance policies for tax planning purposes or small business owners who want to set up retirement plans for their employees)

My clients don’t need me to simply pick the right investment choices for them and help make sure they are diversified. (that part is easy) My clients do need me to “hold their hand” and help them stick to a simple long term plan. Most people are incapable of managing their emotions when it comes to investing and panic themselves out of the market at the exact wrong times. There are endless studies on investor performance vs. market performance (index funds) and the average investor always lags the market because of the emotional choices they make with their money. They fear monetary loss much more than they appreciate account gains. So if they don’t have someone they feel they can trust with their life savings they end up frozen with fear and confusion when every single day they can find some article or headline telling them the market is going to crash and another article telling them the market is about to take off.

As an example, one of my very successful business owner clients is always listening to every single doomsday scenario he comes across and believing the next crash is always right around the corner (ALWAYS!). I have helped calm him down countless times and discuss our long term plan and why it would be foolish to make a panicked short term reaction for a long term plan. His million dollar account is up well over 100% from some of those times I helped calm him down. My compensation from his accounts over the years may account for a few percent in total compared to the millions that he has made by staying invested in a diversified manner. I would say his confidence and trust in me as his advisor was absolutely worth the small cost to him as a client.

Another example would be a local hair dresser that makes a consistent 100k plus. She runs a great business and makes good money but is clueless on how to plan or invest. I always try to give my clients a basic education on investment choices and concepts so they understand what they own and why. As I begin explaining the basics of what inflation is (in terms a 12 yr old could understand talking about stamps and milk prices) and the investment choices available to her she starts giggling, says she didn’t understand any of what I just said and that she just wants to make sure she is putting enough money away and is going to have enough for her kids college and her own retirement. I’ve had many men say basically the same thing as well.

A lot of my clients have no interest whatsoever in managing their own retirement. Some don’t want the stress or responsibility of it and some just want to focus on what they know they are good at in their own profession/business rather than create another job for themselves in managing their own investments. Some are retired and look at managing their own portfolio as another job and stress they just retired to get away from.

So, as I said I do agree that you absolutely can outperform many of the managed money/mutual fund choices out there but it is not easy. It may be simple to do in theory, but not easy to pull off in reality with the emotions of fear and greed attached to a person’s life savings. I grew up with a father as a financial advisor so I have been trading/investing for a good part of my life and I still don’t try to manage my entire account by myself. I have a more speculative/agressive personal account that I have individual stocks and ETF’s in that I manage entirely, but I also have a portfolio of mutual funds with what I consider to be the best money managers in the world in my opinion. (ones that have been around for many decades and outperform the markets over virtually all extended time frames) I’m going to keep doing it that way until I consistently outperform the best money managers over a long time frame and I would suggest everyone diversify that way if you are trying to do it yourself just in case you are wrong.

If you are one of the rare few who can beat the best money managers in the world consistently over the long term, I would suggest you change careers because you can make more money as a money manager than virtually any other career in the world.

[–][deleted] 1 point2 points  (1 child) | Copy

Man I got four words for you. Vanguard Target Retirement funds. We'll see what's what in about 30 years.

[–]azgoldfin1 point2 points  (0 children) | Copy

Those are good funds. They don't address the lack of education or the fear/greed aspect most people will deal with as investors though. Again, what I was getting at was that picking quality investments is easy. Sticking to the plan and not panicking out when everything is on sale is what makes those quality investments work. If you jump in and out based on fear/greed you will still have poor performance in the end even if you have the best of funds. If you have the mental fortitude to pull that off that is great, but most people don't and that's why they need the advice of someone they can trust when things get ugly.

The one thing I would consider if I were you is to just use Vanguards best funds. Build your own growth portfolio and stay out of target date. There is strong argument to be made against ever going heavily into fixed income which those funds will do by default. I plan to stay invested for growth for life.

[–]Seducibledotcom-1 points0 points  (2 children) | Copy

Why are etfs so highly touted nowadays even though they can be closed and dissolved at any time? If I'm down 20% and my etf closes I'm forced to sell and shit out of luck even though my plan is to average down and buy more when my etf is down, I wouldn't have that chance and would ruin my long term plan because the people that made the etf decided they wanna shut it down. I love etfs because many brokers offer them commission free like Ameritrade but this is always in the back of my mind.

[–]azgoldfin1 point2 points  (1 child) | Copy

ETF's are pushed by the fund companies that create them because that's their business. The more investors they get to buy into their ETF's the more they make from fees. ETF's do have much lower fees than mutual funds but they are also much much cheaper for the fund companies to run. They basically just create a basket of securities from one sector and then simply manage inflows/outflows of investors while collecting fees. They don't have to do any active management which is one of the highest expenses for mutual funds because finding great talent as a manager is so difficult that they have to pay a lot for it. So that is why they push ETF's as being so great. It's easy profit and they don't have to do much for it.

The only reason they would dissolve it is if it is not profitable to the fund company to offer or not profitable enough. The only way to stay invested in the sector if it gets closed down would be to use one of the competing ETF's as a backup. For example, if you get forced out of some proshares sector ETF, check out iShares(or other choices) for a backup in the same sector. It's not a perfect fix to the issue you describe but really the only option when you are forced out of an investment you want to stay in.

[–]Seducibledotcom0 points1 point  (0 children) | Copy

Thanks and yeah I'm in vti and bnd mainly and I like when they go down so I can buy more. Do you think apps like robinhood are good?

[–]Endorsed ContributorMeat-on-the-table1 point2 points  (0 children) | Copy

You're just the person the sub needs. We have a lot of young men here who don't know heads or tails about finance and how to free themselves from economic slavery.

[–]Heizenbrg1 point2 points  (5 children) | Copy

Well I just got called by the head HR of an investment bank for a "casual" interview, just to talk no explicit position was given. What kind of questions would they ask me?
I'm straight out of college with a BA in Economics so this is a real surprise, also meeting the manager after talking to this person. I did not study finance, guessing they want to see if I'm smart and trainable.

[–]trp_dude1 point2 points  (0 children) | Copy

Well, hard to say without knowing what position.

Investment bankers need no finance knowledge. They're salespeople. They're looking for smooth talkers.

Traders? They need to be risk tolerant and make lightning quick decisions.

Back office? There you do need some accounting background.

[–]azgoldfin1 point2 points  (0 children) | Copy

Sorry for the delayed response, just saw your question. I'm sure you are right that the just want to see if you are smart and trainable. A lot of hedge funds/investment banks end up hiring people with no finance/economics background. The want some one who is confident in their abilities, eager to learn and trainable. I would look up some articles on Point 72 hiring. They are a massive hedge fund I've seen a few articles on recently in regards to their search for talent. I'm sure you'll find some discussion of what they look for.

I would say the most important thing is it portray confidence in your own abilities to succeed.

[–]Rommel0502-1 points0 points  (0 children) | Copy

I worked at a bulge bracket I-bank for well over a decade. PM me if you have specific questions. For me to try to cover everything in one sweeping post likely wouldnt help you.

[–][deleted] -1 points0 points  (0 children) | Copy

algorithmic trading firm founder here. $150M AUM with no outside investment.

BA in Economics is useless, but so are other major degrees. We don't care what school you graduated from, what GPA you had. When we are hiring people all we care are what have you done: what financial model you ever built, basic concepts such as pivot patterns or divergences.

Back to your question, they are going to ask you interview question 101, but what they really want to ask is: What can you do for me, and How?

[–]EdwardTivrusky1 point2 points  (2 children) | Copy

Book recommendation would be great. Like top-N finance books one should read ASAP.

[–]azgoldfin1 point2 points  (1 child) | Copy

Put together a book list I just posted within the new finance flair.

[–]nigger_on_welfare5 points6 points  (1 child) | Copy

Give me your 30% in taxes so I cant rape wyte women and eat chicken

[–]1StoicCrane0 points1 point  (0 children) | Copy

People like you need to get weaned from the gene pool.

[–]trp_dude0 points1 point  (1 child) | Copy

Well, getting rich is fine but we should remember that money does not equal red pill nor does it equal pussy. I'm surrounded by rich people every day and they're more blue pill than the average population. And they're certainly not getting much pussy.

If you want to get rich for yourself, fine, but there is a correlation between being rich and being beta. Most rich guys are beta.

If you're poor and you thinking being rich will make you alpha, you're dreaming.

[–]bountyhunterdjango0 points1 point  (0 children) | Copy

Absolutely, gotta learn to be most importantly happy and positive (comes with the idgaf attitude), but also confident and fuckable regardless of how much money you have. I know rich guys who are equally unhappy as they are terrible with women. It's not attractive.

[–]Endorsed ContributorRedBigMan28 points29 points  (8 children) | Copy

About time...

Should also cover economic warfare... hiding your assets from potential LTR/Wife in such a way that the legal system can't fuck with those assets.

[–]Modredpillschool[S] 9 points10 points  (0 children) | Copy

Yes indeed.

[–]darklogic4201 point2 points  (6 children) | Copy

Doing that can nullify a prenuptial agreement. You can do one strategy or the other, not both.

[–]Endorsed ContributorRedBigMan6 points7 points  (5 children) | Copy

I would rather trust an irrevocable trust than to trust that some white knight family court judge will find a prenup useful as anything more than to wipe his ass with.

It's also good to use both strategies. Get a prenup while having an irrevocable trust. You don't have to declare assets held in a trust after all.

[–]ModeratorPaperStreetVilla1 point2 points  (0 children) | Copy

Trusts do seem to be the agreed method, once you achieve a certain amount. You lost control of it directly, but if you set it up to finance the appropriate things...

[–]darklogic420-1 points0 points  (3 children) | Copy

The advice in that last sentence only holds true in some jurisdictions

[–]Endorsed ContributorRedBigMan5 points6 points  (1 child) | Copy

As always you should consult a lawyer for proper legal advice. If you got enough money to worry about needing a prenup or trust then you have enough money to pay a lawyer for the advice.

[–]Rommel05020 points1 point  (0 children) | Copy

Sage advice. My prenup didnt not come cheaply, and was worth every cent.

[–]GermanDude2 points3 points  (0 children) | Copy

Anything legal only holds true in one or a few specific jurisdictions!

[–]abdada13 points14 points  (15 children) | Copy

JFC I read this as "New Fiancé Flair" lol

[–]Modredpillschool[S] 36 points37 points  (14 children) | Copy

Share your story about how you spend your life savings creating the perfect night for your princess. How did you pop the question? Was it in a horse drawn carriage? Did you do it in a very public place in front of everybody?

Did you video tape the proposal, so you can relive the glory again and again?

[–]ModRedSovereign11 points12 points  (7 children) | Copy

If that isn't every guy's dream come true I don't know what is.

[–] points points | Copy

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[–]Endorsed ContributorMeat-on-the-table38 points39 points  (0 children) | Copy

"When you're always kissing a woman's feet, she can't help but look down on you."

[–]ModeratorPaperStreetVilla5 points6 points  (0 children) | Copy

When I hear that, I say "naw, I still got some fight left in me"

Usually the topic changes pretty quick.

[–]surfjihad1 point2 points  (0 children) | Copy

Dat moment of crystal clarity tho

[–][deleted] 1 point2 points  (0 children) | Copy

(unreal tournament voice) CUCKED!!!

[–] points points | Copy

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[–]abdada5 points6 points  (1 child) | Copy

I created a mosaic of her using Rubik's Cubes.

[–]ModeratorPaperStreetVilla2 points3 points  (0 children) | Copy

The fact that it's 1.25 men to women, and they are still getting post wall Chick's at home alone....

How do you fuck up a sellers market like that?

[–]prodigy2throw4 points5 points  (0 children) | Copy

PffftI proposed surrounded by 99 iPhones in the shape of a heart and got rejected.

[–][deleted] 1 point2 points  (0 children) | Copy

rose petals and violinists too

[–]1PrinceofSpades2 points3 points  (0 children) | Copy

Rps, stop, I'm dying xD

[–]TomFoo0 points1 point  (0 children) | Copy

I was thinking RPS's video link would be this failed proposal.

[–][deleted] 5 points6 points  (1 child) | Copy

About damn time.. This is a huge part of a successful man's life and is every bit as important as lifting

[–]dmystery17 points18 points  (8 children) | Copy

Any possibility of a Youth/College/University/Teen TRP flair given the swelling numbers of TRP guys still in higher education and not working yet?

Posts like /u/GayLubeOil's college advice were solid pieces of writing and something I would like to see more of.

[–]Modredpillschool[S] 3 points4 points  (7 children) | Copy

Not a terrible idea. What would be specifically different to discuss for teens/youth that doesn't apply to all red pill theory?

[–][deleted] 5 points6 points  (0 children) | Copy

mainly career advice, staying motivated (so principles of stoicism as applied to college/university), how to screen and find good friends/women, Intro lifting guides. That's all I could think of

[–][deleted] 2 points3 points  (0 children) | Copy

Not a fan of this one - the people who could give the most relevant advice would be unfamiliar with TRP at best, while the veteran redpillers might not necessarily be able to help to the best of their abilities due to lack of recent experience.

[–]Luckyluke230 points1 point  (0 children) | Copy

i'd say one for more high school kids. not sure if that would get used a lot, but high school is VASTLY different world when you are there

[–][deleted] 0 points1 point  (2 children) | Copy

Fair question

I speak only for myself (student) but would be interested in how best to prepare for adult life (developing masculinity). Things such as books, ways to conquer the education program, and most importantly, identifying what your MISSION is and EMPLOYING STRATEGIES to achieve that goal. Another thing would be finding clear goals/role models/skills to acquire/habits to build.

TLDR: strategies to take advantage of the neuroplasticity/malleability at such a young age to set yourself up for happiness/fulfilment and SMV

These are certainly not exclusive to students per se, but I feel my age group would find a lot of value in.

[–] points points | Copy

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[–][deleted] 0 points1 point  (0 children) | Copy

Any suggestions where to look?


[–]darklogic4209 points10 points  (5 children) | Copy

Now I might actually have something worth contributing. There is almost no other topic I could cover that has not been handled better by someone else already. Finances, contracts, passive income, real estate... these things are areas that this sub severely lacks in (though there are other subs that cover these very well).

[–]mugatucrazypills1 point2 points  (1 child) | Copy

(though there are other subs that cover these very well).

except that like opening the wrong doors and letting things into your life that have terrible long term consequences applies to financial thinking in as well ... similarly, the blue-pill culture/mindset has a way of infecting and subtley corrupting even the most sound advice.

A little bit of BP with your financial advice , is like having only a few turds mixed in with your raisins. It's still turds and raisins now, no matter how good the initial raisins were.

[–]1StoicCrane2 points3 points  (0 children) | Copy

Plus it'll make you ill from the inside out. Destroying natural constitution. It's a no win scenario.

[–]Heizenbrg0 points1 point  (2 children) | Copy

What are the subs you are talking about?

[–]1StoicCrane3 points4 points  (1 child) | Copy

Redpillschool, anyone tell you you're the man lately? Mods that actually listen. This is one of the reasons why TRP is second to none.

[–]THEDICKDEALER2 points3 points  (0 children) | Copy

I need in!

[–]mugatucrazypills2 points3 points  (3 children) | Copy

thank you for creating this flair,

Since money is how this society keeps score, and key to your long term health and preservation I'll be looking forward to quality RP Finance items.

I'm going to update my Charlie Munger Red Pill Wisdom post in a week or two.

[–]ModeratorPaperStreetVilla7 points8 points  (2 children) | Copy

I find its more about the freedom.

Many rp guys don't care about the numbers, just that "fuck you" money

[–] points points | Copy

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[–]ModeratorPaperStreetVilla3 points4 points  (0 children) | Copy

I can't remember if it was illimitablemen, rollo, or wallstreetplayboys...

after a certain point, it's just insurance against new threats. fuck you money is a very achievable level of wealth.

[–]Endorsed Contributorsqerl2 points3 points  (0 children) | Copy

Do the work necessary to gain muscle mass? Same is true for "money mass".
Use natural laws to demonstrate male privilege. There's a reason why they're angry. Now get out there and prove it.

[–]SirSubwayeisha2 points3 points  (0 children) | Copy

Awesome. This is the phase of life I'm trying to excel in.

[–]surfjihad2 points3 points  (2 children) | Copy

Acquire income producing assets.

[–]Trucks_N_Chainsaws0 points1 point  (1 child) | Copy

I have six rental units. Seven more under contract.

[–]Senior ContributorMentORPHEUS1 point2 points  (0 children) | Copy

Excellent addition; good financial and career advice comes up occasionally here. Hopefully having a flair will bring forth more experienced RP men to cover these important topics on a regular basis.

[–]Diabolical_Nuke0 points1 point  (0 children) | Copy

Very excited about this. Would love to read more on thoughts/discussions of finance.

[–]Imjustkidding0 points1 point  (0 children) | Copy

Thanks /u/redpillschool happy to finally see it!

[–]codeMeSurprised0 points1 point  (0 children) | Copy

Glad to see this flair being created. Financial freedom is required for each and every one of us.

Be it career advice (I work in finance, mergers and acquisitions specifically), side-projects, tax matters (i'd say the most important of them all, once you start piling up money), etc.

[–]AdonisHera0 points1 point  (0 children) | Copy

Absolutely great. Although i do love reading FR, People swallowing the pill etc. My money is more important. Especially as a College Senior.

[–]realkraziiivan0 points1 point  (0 children) | Copy

Me likey! job well done redpillschool

[–][deleted] 0 points1 point  (0 children) | Copy

Now all Corporate-land threads have a flair it belongs to.


[–]blanxable0 points1 point  (0 children) | Copy

I can't seem to find the flairs on this new theme, is it only me?(as no one here seems to ask)

[–]Endorsed ContributorBluepillProfessor0 points1 point  (1 child) | Copy

Hmmm, this would appear to go beyond the borders of Red Pill although sex IS all about power, and power is money (and vice-versa)...

[–]1StoicCrane0 points1 point  (0 children) | Copy

TRP is a toolset for optinizing sexual strategy in a feminind era. Becoming an "Alpha Bucks" is an excellent strategy to aspire to. RP finance helps maximize fiancial gains to optimize sexual ones. They're connected.

[–]mikazee0 points1 point  (0 children) | Copy

There should be a x-post/crosspost flair for when people give us blue pill and occasionally rep pill examples from other subreddits.

[–]Brock_Boeser0 points1 point  (0 children) | Copy

I think using this flair as a channel to help emerging finance professionals get interviews/jobs is a pretty good idea as well.

[–]1BoogersAreTasty0 points1 point  (0 children) | Copy

As a veteran of 30 years in the financial world, I look forward to contributing to and learning from the group!

[–]Evileddie13-1 points0 points  (0 children) | Copy

I'm disappointed this isn't Donald Trump's face. Just sayin'.

[–]aDrunkenWhaler-1 points0 points  (0 children) | Copy

God dammit this is what I'm talking about. Great decision. Need this much more than feminism posts.

[–]Renaissancepirate-1 points0 points  (0 children) | Copy

You just made my dick hard. Just making sure, if I had a finance question would I ask here using the fiance flair or would I ask in askTRP?

[–][deleted] -1 points0 points  (0 children) | Copy

I have nothing but admiration and gratitude for the great RPS. He gave us countless hours of work out of his limited time (our time is our most precious resource).

But I have to say. This is a bit out of our area of expertise.

We should make an effort to not pat ourselves in the back too much.

People in the finance world are kinda naturally redpill.

All I ask is that we try to work on top of professional finance people, some of them are here, I know.

I just urge my brother no to fall in the trap of believing the have above average finance knowledge JUST BECAUSE we have above average knowledge on gender dynamics.

Best of luck.

[–]2Deapluv-1 points0 points  (0 children) | Copy

Just when I thought this place couldn't get any better. Bam! Kicked it to the next level!

[–]stawek-1 points0 points  (0 children) | Copy

I think a good way to focus our RP finance stories would be to open eyes to bullshit sold to masses.

Everybody knows about a few startups that make billions, nobody knows about the thousand that went bankrupt.

What in the finance and investment world is honest rp strategy and what is bullshit targeted at fleecing the uneducated?

[–][deleted] -2 points-1 points  (8 children) | Copy

This shit is stupid. There are personal finance and financial independence forums that have already thoroughly covered these topics. I suggest you all frequent them before you get some bro advice on finance at TRP.

Personal finance is not a complicated subject. Here's a strategy: Live within your means. Avoid debt. Invest wisely. It's really as simple as that.

Also, Vanguard index funds.

[–]Trucks_N_Chainsaws-2 points-1 points  (7 children) | Copy

The personalfinance subreddit is full of some of the worst financial advice I've ever fucking read. I thought it was a troll sub-reddit but the people there actually believe the bullshit they're posting.
And nobody makes long-term money in the stock market except the brokers and their firms.

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[–]Trucks_N_Chainsaws-2 points-1 points  (4 children) | Copy

You are talking out of your ass, you clueless simp.

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[–]Trucks_N_Chainsaws-1 points0 points  (2 children) | Copy

I have a big truck, a respectable beard, multiple big chainsaws that I've actually used to fell and buck trees, lots of guns and ammo, dogs (including a pitbull, naturally), a great girl who acts like she's from the fucking 1950s at home but is a full-time nurse working on her Masters Degree.
I get it. You're intimidated by the an actual man. I don't even consider myself as a "classic man" or "manly man". I'm just an average, masculine male and you're shitting your little beta panties over a brief exchange over the personalfinance subreddit that is laden with horrible advice.
Get a clue or get fucked. Either way it'll make you a better person, kid.

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[–]Trucks_N_Chainsaws-2 points-1 points  (0 children) | Copy

Angry little lumbersexual that cant even change a car tire is pounding on his tiny little bird chest with his little tiny dick beaters. That's so cute. ;>

You can kill a man, but you can't kill an idea.

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