You're better than 90% of your peers thats for sure. I can tell you the average person barely has $700 in their bank account after their monthly expenditures.
The only people that money mog you would be senior software devs at major tech companies with stock options, electrical engineers, lawyers, doctors, business owners, financiers, old boomerfags with rental properties, and some others that I can't think of right now.
Plumbers and truck drivers might mog you if they invest right.
Options traders can make a huge amount of money if they get the timing right for their puts and calls options. Of course they can lose a whole lot too.
ETFs are safe but it sucks that they have losers in them. Whereas if you just pick the winners you can be up way more.
Example: In whatever ETF you got, say Tesla goes up 23% in a particular year but some shitty companies in the ETF brings that down and now you're only up 7% for the year with your ETF. And then you won't even be keeping up with inflation.
The way I look at it, ETFs are just slightly better than bonds or high yield savings accounts.
When it comes to investing nowadays, the biggest ROIs you're gonna get in order are:
1. Low-mid cap crypto memes (super super risky)
2, Large cap crypto memes (super risky)
3. Low-mid cap crypto alt coins (super risky)
4. Large cap crypto alt coins (risky)
5, Btc (risky but in the first years of institutionalization/adoption so who knows)
6. Mag 7 stocks (still considered risk on assets but not risky if that makes sense, because low cap stocks are even riskier)
7. Successful ETFs (safe but low relative returns)
8. Bonds (safe but low returns)
9. Real estate (I'd avoid this, just buy your first home, maybe a 2nd home for rental property, and be happy)
Some would argue real estate is above mag7 but I disagree imo. There are hidden costs with upkeep and it's not guaranteed that your house will appreciate in value. Especially since there's a nationwide push for more housing which would lower the price of your house if more housing supply becomes available. Plus it's just a huge hassle. Sometimes you can have tenants that sue you or refuse to leave your property.
If you use margin you can amplify all those investments but you could lose it all too.
I like options, futures, and perpetual markets. If you study these hard you can make a living off of trading using these financial instruments. Never have to work a day in your life again but obviously you need the capital to begin with as well as the smarts. It's not easy and you need a ton of patience with investing.
