this post was submitted on 05 Dec 2023
390 points (95.6% liked)

Memes

45727 readers
855 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Enk1@lemmy.world 4 points 11 months ago

Rich get richer. Had some recent inheritance roll to an IRA, looking at mutual funds to put it into until I'm required to withdraw it. There are ones tracking at 30-45% returns month after month while the economy is in the shitter. Want in? Minimum purchase amount for those funds is $100,000-250,000. The funds normal people can afford pull down more like 15% RoR on aggressive investments, which are super volatile.

You have to be wealthy to get wealthy. 99% of us are getting fucked by the 0.1% - the 1% just happen to have enough money to get into the lower levels of the game, but the 0.1% have investment options we'll never be party to.

It's amazing how many people will simp for these billionaires like Musk, and claim they're "in the game" with their investments and net worth. They're not. If your net worth is less than mid eight figures, you're not in the game, you're a rounding error.