17 Nov 2019 19:35
Came late to the party, went in big, too greedy.
Invested a lot into Ethereum which crashed a little later. I bought ETFs instead of real cryptos and couldn‘t sell them at night / on the weekend when the big crashes came, no stop losses helped then either.
When investing in stocks, I always tried to buy dips or buy low / sell high in general.
Totally forgot my principles when dealing with cryptos out of greed, lesson learned the hard way.
18 Nov 2019 10:09
10k GBP = $20,000..will take me a while to build up to that level
18 Nov 2019 10:26
If you can save $800 a month it’ll take you just over 2 years. You can save almost $50k in 5 years
posted 19 Nov 2019 08:48, edited 19 Nov 2019 08:48
yep and in 2025 I'll need 100K to get in though. I'll also be 51 with only 19 years more of compulsory work, (if I stay employed for the full 19 years, a lot of people in their 60s are out of work now and still required to work by the government. Pension age is over 70 for a lot of people now) not enough time to pay off a mortgage to a bank.
I guess I fucked up my life by wasting that 6 or so years in Japan being an eikaiwa monkey for peanuts. All my retirement savings from working at the supermarket were eaten up in fees over that time. So I started from scratch at 38 again when I got the "steady" job at the data entry pit. Got $20,000 compulsory retirement savings at 46, expected to have $50K when I retire. Still have $30k student loan debt from my undergrad 25 years ago. It just accumulated during those low paying jobs in the supermarket and while working overseas.
I'm so fucked
19 Nov 2019 08:56
nah could never look at a woman older than me naked.
just wait for my fucking parents to fucking die.
My only hope. Only thing is their generation live for fucking ever. Will probably outlast me. fuck.
19 Nov 2019 09:55
Hate to lob a bomb in here but…this kind of victim mentality amongst people is the reason they stay fucked. If you don’t realise that you should accept things as they are and try to use any means at your disposal to change your situation rather than feeling entitled to the world changing to cater to you, you’ll never amount to anything. Always remember it’s an accident of history you’re in the position you’re in - no one is entitled to anything.
19 Nov 2019 10:21
I agree with that to an extent. I have a belief that if you work hard and take opportunities you should do well. That however falls apart when you look at people on the bottom of the ladder who are cleaning and working day and night. I was redundant and 30k in debt 10 years ago and turned it round with hard work and relocating south. I did have a qualification behind me however which helps when getting or shifting what you do.
19 Nov 2019 13:56
over here its been the help to buy / government giving banks cheap cash
19 Nov 2019 14:56
In my view help to buy keeps house prices high hence preventing people of modest incomes getting a resonably priced home