It’s so weird having a financial education and trying to explain concepts to boomer parents whose wealth was partly earned through hard work, and partly “permitted” because they lived through their prime earning years in a less extractive part of the century, with a little help from compounding. My parents and in-laws haven’t even educated themselves on things like the limits on deposit insurance. They never had to even think about that stuff. Talking about risk and “safe investments” while not even knowing what they’re being charged in fees every year by their cheap suit RIA’s, their asses hanging out waiting to get smacked in bonds and black box funds they’ve done zero investigation into. Even after getting wrecked in 1987, 2000, and 2008. Totally oblivious to the reality that we are now being aggressively and alternately asset stripped on a 4-5 year rotation, by the government, pharma, Wall Street, warmongers and asset managers. The lack of inquisitiveness when it comes to sound money and hard assets is staggering.

I just need to work harder I guess. pfft.