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Re:Lumber crash leads to 'blowout' sales as prices crater by tayo42 on Thursday September 16, 2021 @12:18AM (#28547957)
my measly half million dollar worth of stocks "only" grew 30%. There's a significant amount of people do that much better than i did? what am i missing?
Re:Lumber crash leads to 'blowout' sales as prices crater by pjc50 on Thursday September 16, 2021 @04:29AM (#28549367)
Congratulations, you're in the top 1%.

There aren't that many people above you, but 1% of the US population is still millions, and they have an outsized influence and visibility.

Property also suffers from "pigeonhole" effects; a few foreign millionaires parking their money in empty properties at the top end causes everyone to move along one.

Re:Lumber crash leads to 'blowout' sales as prices crater by tmountain on Thursday September 16, 2021 @08:01AM (#28550589)
The threshold to be in the top 1% in the US is 11M. A US citizen needs 4.4M to be in the top 1% globally. More than 8% of US families fall into the millionaire category.
Re:Lumber crash leads to 'blowout' sales as prices crater by Invictus0 on Thursday September 16, 2021 @09:05AM (#28551208)
In my opinion, it's more meaningful to look at top X% as a function of age bracket. Any moderately successful American born in 1950 is probably a millionaire today.
Re:Lumber crash leads to 'blowout' sales as prices crater by plorkyeran on Thursday September 16, 2021 @12:52AM (#28548168)
A bunch of tech stocks doubled in 2020, and some did significantly better than that.
Re:Lumber crash leads to 'blowout' sales as prices crater by tayo42 on Thursday September 16, 2021 @01:06AM (#28548245)
I mean i know some lucky pickers and gamblers probably did better than me but there cant be that many that theyre all driving housing markets up
Re:Lumber crash leads to 'blowout' sales as prices crater by philjohn on Thursday September 16, 2021 @02:11AM (#28548622)
If you're anything like me you probably managed to save a whole heap of money as well - less eating out, no commuting costs etc. etc.
Re:Lumber crash leads to 'blowout' sales as prices crater by fridif on Thursday September 16, 2021 @12:35AM (#28548067)
I spent 1.1M on a house with my wife of course and am very happy with my purchase. Lots of land and nobody around to tell me what to do.
Re:Lumber crash leads to 'blowout' sales as prices crater by pengaru on Thursday September 16, 2021 @03:35AM (#28549104)
> with my wife

> nobody around to tell me what to do

Re:Lumber crash leads to 'blowout' sales as prices crater by fridif on Friday September 17, 2021 @12:20AM (#28561166)
The only person this reflects on is you. My life has done nothing but improve since getting married.
Re:Lumber crash leads to 'blowout' sales as prices crater by pengaru on Friday September 17, 2021 @05:08PM (#28570915)
> My life has done nothing but improve since getting married.

Presumably you wouldn't both mention her participation and dismiss her presence in the same breath...

Not sure what you're trying to say about this reflecting on me, it's just an amusing contradiction. I think it reflects well on my sense of humor.

Re:Lumber crash leads to 'blowout' sales as prices crater by fridif on Saturday September 18, 2021 @04:38PM (#28579101)
Why are you assuming that my wife tells me what to do?
Re:Lumber crash leads to 'blowout' sales as prices crater by pengaru on Saturday September 18, 2021 @05:29PM (#28579493)
> Why are you assuming that my wife tells me what to do?

Why are you failing so hard at seeing your choice of wording through a humorous lens?

As written, your statement reads like "there's nobody around, and as a result, nobody is here to tell me what to do."

In the same breath you mention there being someone else around, but apparently your wife doesn't count as somebody.

It's funny, and judging from the +27 of my comment illustrating the amusing self-contradiction, I'm not alone in finding the humor.

Re:Lumber crash leads to 'blowout' sales as prices crater by satronaut on Thursday September 16, 2021 @10:01AM (#28551909)
burn!
Re:Lumber crash leads to 'blowout' sales as prices crater by matt_s on Thursday September 16, 2021 @08:11AM (#28550705)
LOL
Re:Lumber crash leads to 'blowout' sales as prices crater by smabie on Thursday September 16, 2021 @12:40AM (#28548098)
tech stocks, crypto, real estate, etc
Re:Lumber crash leads to 'blowout' sales as prices crater by tayo42 on Thursday September 16, 2021 @01:09AM (#28548264)
people have 6 figure crypto accounts that aren't just already wealthy? this is the norm and they're all buying property and driving up prices?