Why 'Gen Y' should cry

[Alcibiades]

Fuck you all. I was smart and chose grandparents who were rich.

Best option by far.   

[Martinus]

he probably banked a year's worth of base pay and combat pay while he was on tour

I wonder what that looks like.

$3,500 a month into my pocket tax free. 

Just banked out on Intel last week, +52% profit on $26,000.   

Still have some invested though, but if we're including assets, depending on how much marty's flat is ( although it is Poland so probably cheaper than an RV in the US) he may come out ahead despite my car and new motorcycle.

This is really gauche, but my flat is worth about $170-200k (it's rather smallish, I admit). And obviously I have savings (I dislike investing).

Btw, considering your pay - a junior fresh-out-of-college lawyer in Poland earns this in my firm  (I understand, the pay in our London and US offices is considerably higher due to higher costs of living) 

[Alcibiades]

Going off assets alone you have me beat, but then again you are 10 years older than me as well.  I'm around 100- 115k.  Which you guys can think what ever you want, that's damn good for only being 22 and in school supporting myself and a child.   

P.s. Most of my assets are liquid for better or worse at this point. 

[Caliga]

[Baron von Schtinkenbutt]

Not necessarily.  When the economy shit the bed, the most affected were those within 5 years of retirement;  a ton of them have found themselves working and putting off retirement to make up for the 401K market losses.

That's exactly what I'm seeing.  I'm looking for an alternative right now myself.  My career path here appears to involve being stuck in the same spot for 5 - 10 more years, followed by either being thrust into a position I'm not ready for or passed over for someone from the outside.  The economy is just making the situation worse; the developmental middle management positions that should be held by people with 8 - 12 years of experience are held by people with twice that, and the positions those people should have are held by people with 35+.  Also, as a result, there's no talent pipeline to speak of.

[Alcibiades]

Bah.  Baby boomers are in full-fledged retirement mode.  Lots of openings coming available.  It's a great time to be a Gen Xer.

Not necessarily.  When the economy shit the bed, the most affected were those within 5 years of retirement;  a ton of them have found themselves working and putting off retirement to make up for the 401K market losses.

Exactly where I'm kind of unsure right now... I don't really know what I should do with my money any more, can't afford to take a hit like many did during this last bubble...  Any real alternatives that you guys are checking out?

[garbon]

Did they teach you how to use commas at Standford?

And that's obviously only because you're black.  

My art history professor recommended The Elements of Style.

No, it's actually called having parents with money. Kinda fun actually.

[Martinus]

Going off assets alone you have me beat, but then again you are 10 years older than me as well.  I'm around 100- 115k.  Which you guys can think what ever you want, that's damn good for only being 22 and in school supporting myself and a child.   

P.s. Most of my assets are liquid for better or worse at this point. 

About half of my assets are liquid. I'm also the only heir to my parents' estate which is about 1 mil (but sadly mostly illiquid at this point - that's what having an expensive collecting hobby does to you  ).

[Alcibiades]

About half of my assets are liquid. I'm also the only heir to my parents' estate which is about 1 mil (but sadly most illiquid).

Lucky 

Your parents sound nice though, so hopefully they out live you. :p

[Martinus]

For the record, the child-rearing costs will sky-rocket when you hit school age and will continue to raise until college.

Enjoy your ride, breeder. 

[Alcibiades]

My art history professor recommended The Elements of Style.

No, it's actually called having parents with money. Kinda fun actually.

Spoiled brat.   

[Alcibiades]

For the record, the child-rearing costs will sky-rocket when you hit school age and will continue to raise until college.

Enjoy your ride, breeder. 

Make the little bastards get a job, I did.   

[Martinus]

About half of my assets are liquid. I'm also the only heir to my parents' estate which is about 1 mil (but sadly most illiquid).

Lucky 

Your parents sound nice though, so hopefully they out live you. :p

Unlikely, unless I get gaybashed or catch AIDS within the next year or so. Dad is 75, mom is 65.

[Martinus]

No, it's actually called having parents with money. Kinda fun actually.

I know. I'm surprised more people do not try it.

[Caliga]

Dad is 75, mom is 65.

Your dad = cool.