Millennials: Avocados or homes?

[northcrunk]

Avocado toast was created by big toast to control useful idiots.

Also I have never heard or seen anyone actually eat that crap.

[peter12]

Originally Posted by northcrunk

Avocado toast was created by big toast to control useful idiots.

Also I have never heard or seen anyone actually eat that crap.

Funny how this has all spiralled out of control. There is a breakfast place near my apartment that sells two pieces of avocado toast for $6.25, and by no means is it incredible, but it ain't bad either.

[Dan02]

Let's be honest, who wants to own a house in a world without Avocado toast anyways?

[northcrunk]

Me. What a god damn waste of a Avocado. MAGA! Make Avocados great again!

I want to know what kind of person pays $7 for two pieces of Avocado toast? Bridgeland hipsters?

[jammies]

I don't get how "accepting more risk" is guaranteed to make you more money than going low-risk. That sounds like 1 of 2 things:

1. It's *not* guaranteed to make you any money, never mind a minimum 7%. Hence "risk".
2. You're not actually risking anything.

I know which one I think is the likely answer. Especially as there are people out there that lose money on the stock market. I personally know a few who figured they were the smartest guys in the room (not to be confused with the Most Interesting Man in the World) and loudly proclaimed as much until their portfolio cratered and they lost far more than they ever gained, including a former boss of mine whose mid-sized company went bankrupt because he propped up his personal losses with company money, and then lost that too.

Unless you came back to 2017 in your DeLorean, there are no sure things.

[Wood]

Originally Posted by northcrunk

Me. What a god damn waste of a Avocado. MAGA! Make Avocados great again!

I want to know what kind of person pays $7 for two pieces of Avocado toast? Bridgeland hipsters?

It's exclusively a millennial thing

[Jason14h]

Originally Posted by jammies

I don't get how "accepting more risk" is guaranteed to make you more money than going low-risk. That sounds like 1 of 2 things:

1. It's *not* guaranteed to make you any money, never mind a minimum 7%. Hence "risk".
2. You're not actually risking anything.

I know which one I think is the likely answer. Especially as there are people out there that lose money on the stock market. I personally know a few who figured they were the smartest guys in the room (not to be confused with the Most Interesting Man in the World) and loudly proclaimed as much until their portfolio cratered and they lost far more than they ever gained, including a former boss of mine whose mid-sized company went bankrupt because he propped up his personal losses with company money, and then lost that too.

Unless you came back to 2017 in your DeLorean, there are no sure things.

No one said taking more risk guarantees more return.

However, over the LONG run, accepting more risk will give better returns assuming the risk vs return is priced correctly.

This seriously isn't a new concept or a concept I have ever heard anyone argue TBH!

[northcrunk]

Originally Posted by Wood

It's exclusively a millennial thing

Man. What is wrong with my generation? There seems to be a big divide between millenials in their early 30s and the early 20s crowd.

[Wood]

Originally Posted by northcrunk

Man. What is wrong with my generation? There seems to be a big divide between millenials in their early 30s and the early 20s crowd.

I'm 25 and I have no clue where any of these stereotypes come from other than those people making a living off Instagram pics of themselves in a mirror balancing a plate of avocado toast on their ass

Me and my wife are doing well for ourselves so I usually don't feel too bad for the stereotypical whiny millennial, but these threads are always funny to read. A lot of misdirected anger and blame both ways

[East Coast Flame]

I make my own avocado toast! It's delicious! Still can't afford a house though....

[peter12]

Originally Posted by Wood

It's exclusively a millennial thing

What else do you do with avocado? It is a routinely boring and mushy fruit. Do you just make endless bowls of guac?

[Wood]

My wife puts avocado in all her wraps and sandwiches so maybe that's why I'm still renting

[woob]

Originally Posted by East Coast Flame

I make my own avocado toast! It's delicious! Still can't afford a house though....

Pfft maybe you should grow your own avocados then!

[undercoverbrother]

Originally Posted by peter12

What else do you do with avocado? It is a routinely boring and mushy fruit. Do you just make endless bowls of guac?

Put it on Burgers, or in a sandwich, or salad.


Anything that will mask the horrible taste.

[peter12]

Originally Posted by undercoverbrother

Put it on Burgers, or in a sandwich, or salad.


Anything that will mask the horrible taste.

I would maybe agree with the first one. Maybe. Otherwise, it is just like adding a dollop of mud to whatever you are eating it with.

[calumniate]

I eat them straight with salt and worcestershire sauce, thereby saving money on bread

[woob]

Actually spicy avocado sushi is delicious. 3 slices of avocado, on sushi rice, with spicy sauce and fish roe on top. But only after you own a house!

[peter12]

So until I own a house, I guess its just water and cold potatoes for me.

[Enoch Root]

Originally Posted by jammies

I don't get how "accepting more risk" is guaranteed to make you more money than going low-risk. That sounds like 1 of 2 things:

1. It's *not* guaranteed to make you any money, never mind a minimum 7%. Hence "risk".
2. You're not actually risking anything.

I know which one I think is the likely answer. Especially as there are people out there that lose money on the stock market. I personally know a few who figured they were the smartest guys in the room (not to be confused with the Most Interesting Man in the World) and loudly proclaimed as much until their portfolio cratered and they lost far more than they ever gained, including a former boss of mine whose mid-sized company went bankrupt because he propped up his personal losses with company money, and then lost that too.

Unless you came back to 2017 in your DeLorean, there are no sure things.

That is the problem with your post.

As to your anecdotal references, stock picking adds risk. Diversification is the first lesson in risk management.

[jammies]

Originally Posted by Jason14h

No one said taking more risk guarantees more return.

Originally Posted by Jason14h

accepting more risk will give better returns

Oh, ok, I stand corrected. I must have thought "more risk guarantees" and "will give better" were practically synonymous.