4 Dec 2025 11:59 pm
Ramit Sethi is a typical Indian scammer.Fuelman » 04 Dec 2025, 4:59 pm » wrote: ↑ I didn't intentionally mean to **** over the younger generations, I ask for your forgiveness. It just happened that way.
Never watched this Ramit Sethi get rich guy but it was a worthwhile listen
https://youtu.be/8MXYxFh4Y-M?si=cOb0EGtnlKPj-13Z
There are other videos in this series, might be worth checking out.
I found it amusing how the old method for boomers to get wealthy is outdated but the very first thing he mentions is regular automatic investing. That sounds oddly familiar.
You can unlock the secrets for a small fee and he probably has an options trading book!
Automatic investing is not a good idea. Anyone whose trading skills are worth a damn will tell you very few stocks are holding up the index and the ones that are positive tend to go up viciously (look at YTD performance of Robinhood, Iris Energy, and Broadcom. If you missed out on stocks like those you are SOL as non-growth stocks have been **** / flat / even negative)
To obtain excellent gains (150%, 200%, 300%, and even 500% yearly gains) one needs to learn how to read technical indicators and charts in order to make money, and most people are too retarded to do that so they just buy at any price and hope the price goes up forever.
(Spoiler: it won't). There is no such thing as a PONZI SCHEME that lasts forever. They all come crashing down at waterfall speeds sooner or later.
What really happened is the "automatic investing" group got lucky buying in a bull market, they won't be so lucky soon.