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Say what you want, this guy isn’t playing any games with how he wants to impress the ladies of Tinder. “Brandon, 29” is flush with cash (Jean-Ralphio voice) and he’s not afraid to flaunt his six-fig bank account.
Big red flag, though. This is a “business checking” account. This very well could be the liquid assets of his company or a joint account that he can draw from for business expenses, etc. It would be a lot more impressive it this was a personal checking account. No matter the case, Brandon has got some serious coin at his disposal. I’d also like to see the activity on this account. Probably “$2,569 – Maserati lease,” “$405 – The Landing Strip Gentleman’s Club,” “$760 – Capital Grille.” Let us see, Brandon. Let us see!
Gold diggers of the world, happy swiping.
[via Barstool]
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Brian McGannon
What do I love? I love happy hour, a good golf tan, and getting moderately drunk during dinner.
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brianmcgannon
Let’s be honest. $100k liquid cash is a poor financial decision. Unless he’s spending $10k a month on living expenses and needs that much for an emergency fund, he should have at least half of that invested somewhere.
Not right now. Stock market is overpriced. Dollar is rising and we are going into a deflationary period. Holding cash makes more sense until stocks and bonds become cheaper. Same with real estate.
The stupidity in your comment is undeniably immense. I’ll do my best not to write a book on why you are wrong but here it goes.
1. Stock market is overpriced based on a few ratios. These ratios aren’t science, they are theory. As Peter Lynch, the renowned stockpicker for Fidelity Investments’ Magellan Fund once put it, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” Shiller, who shared the Nobel prize in economics in 2013 for his study of asset prices, has cautioned that his ratio is a general barometer and not a precise signal for when to buy and sell. Every fall is followed by a rally. The majority of people can’t successfully decide when to get out or when to get in. Which is why America has missed out on the past 5 year’s rally.
2. We are not going into a deflationary period. The Fed has pumped $3 trillion into the market and held bond yields at historical lows. This means inflation has been around 1.6%, almost half of the traditional 3%. When the Fed’s raise the treasury rates, inflation raises with them. If anything we are going into a hyper inflation period. Best place to be when that happens, stocks.
3. The guy’s 29, not 59. There has never been a 20 year period in the US stock market that has returned negative. He could invest it and legitimately let it ride for 40 years. Average return of the S&P 500 is 10%. $50k invested in the S&P500 for 40 years at average returns is $2,262,962.78. This guy’s tinder page would look a lot more impressive with that number.
People like you are the reason (and example) that the majority of America knows absolute shit regarding financial literacy.
Getting financial advice from a PGP comment. PGP.
If you bought into the stock market 1 month ago when we made these comments based on the S&P 500 you would have lost money. Guess I was right, don’t need a long explanation…
Damn, nice response.. I guess this is what that poor guy gets for googling “stock market” and bringing that weak shit in here
http://24.media.tumblr.com/tumblr_m3td0sDY2x1rosqrro1_r1_500.gif
If the Fed raises rates sooner than anticipated then there might be a slight pullback as people sell stocks so that they can buy higher-yielding bonds. But there have only been whispers of that happening and it wouldn’t be anything more than temporary setback. The market would still most likely return net positive for the year
Something tells me this dumbass that can’t screenshot swiped right
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