I have a 51 year old Italian coworker/good friend whom ~8 years ago I told about my crazy plan to FIRE. He told me then that it was impossible for him and all blue & white collar Italians work for life (65?) for their pensions.
I met a 24 year old new hire last week and the three of us went for a jog.
Somehow the 51 y/o’s Google stock buy of €2000 came up, were he regrets selling out at the “top” for €4000, but then the stock simply kept climbing. His basic opinion was that although he’d won the bet, his minor gain would not impact his retirement with his big insurance co. annuities 15 years from now. AI investing is where it’s at!
I told him I still own Google. And Microsoft, Apple and Nvidia. And VW, Ford, General Mills and 3M. He then called me a billionaire! (unfortunately not true)
The 24 y/o told us about the Vanguard World Index fund he started buying a month ago. 😁
The arguments (heated discussions over dinner) started about compound growth of boring 5% annual return of the mutual funds from the insurance co (vs 7.45% of VT before fees).
The younger generation is listening and learning.
Last edited by: heckler on June 22, 2024, 7:20 a.m., edited 1 time in total.
