Poorfag Tells Thread

>So only rich and poor exist?
ooh, good one.

poor people think there's some middle ground between rich and poor. They call it "middle class." They pretend it's a real thing.

Who would you say can reliably predict a roll of dice?
You're not very good at word. Word make. Word make do.

So where do you draw the line?

Nobody can predict the roll of a fair die. And nobody can predict the stock market. Im not saying that the stock market is a roll of the dice tho its more complicated than pure chance. It is however to a degree still a gamble

I usually go with the standard 1%. Top 1% of earners and owners.

Doesn't do you any good to make $500k a year if you're $5 million in debt. Doesn't do you any good to have $5 million if you don't earn anything from having it.

if you're making over $500k/year and have a couple million in equity you're probably rich.

So having 400k a year is poor in your eyes? Holy shit

Isn't the standard term in banking for "rich" to make $200K/year and have $1M in NET worth?

I see.

A stock is a stake in a business, user.

"I like this business. I'm familiar with the owner. I am familiar with its goods or services because I don't daytrade with one hand and jack off with the other. It is publicly traded. I would like a stake in it."

"No the stock market is gambling."

See above. I am not talking about... "The stock market." I'm also not talking about "Humanity." or "Existence." I am talking about assessing an individual business and deciding whether or not to have a stake in it.
"B-b-b-ut the winds of fate! They cannot be predicted!"

it varies.
I figure if you don't have to work and can do whatever you like for the rest of your life you're rich. If you have low expectations that can be accomplished with a cardboard box and some blankets.

I don't think banks have a standard for that.

>Because ball cap wearing billionaires are Trump's biggest support base