/biz/ - Business & Finance

>>59580008
I have friends BECAUSE none of them know I have lots of money.

>>59579993
Wrong. You have no idea who is massively in debt to loan sharks or drug dealers and who's going to blab to people who do have those problems.

I know EVERYONE'S acquaintances who has money. People OFFER me this information without me asking. I know who's got a million in gold stashed away (supposedly). I know everyone making more than 6 figures. And I've overheard family and friends telling THEIR family and friends about me and what I'm up to down to my current sleeping location and my travel plans (down to the DAY) for the next three months. Honest to god I thought they were on the phone with the FBI for a minute.

NEVER EVER TELL PEOPLE YOU HAVE MONEY, ESPECIALLY CRYPTO. JUST LIE.

>>59581119
>but have never been exposed to what managing real wealth is like
>Every single person wants to bend you over and fuck you out of 1-2%, smiling while they do it.
To add to this: you need an account with insurance beyond FDIC (up to $250k), and if it's only a million, you can do this by splitting the money between four different accounts. If you just want to match inflation, you can buy US T-bills, and don't think buying a 10 year T-bill means you have to wait 10 years: you can buy them closer to the expiration date. Watch a video about it or something it's pretty simple to learn. Stocks are harder: you can learn to do it yourself with The Intelligent Investor by Benjamin Graham or save yourself the trouble and watch a video about ETFs and split between S&P500, NASDAQ, All Market (US) and All Market (World) ETFs and with that you'll match the market.

Don't do real estate unless you're a super duper handyman and can do a lot of shit yourself. Real estate is good but requires a lot of personal attention.

For the most part "wealth managers" are just scammers. It's worth learning to do it yourself and just parking your wealth in cash in FDIC insured accounts at big banks in the meantime.

>>58684719
If you plan to become very good at whatever you choose then almost doesnt matter.

cs will always be useful because the real underlying skill is doing something difficult and solving problems.

you can also consider a trade i think theyre making good money nowadays with everyone and their mom wanting to go to uni

>>57642008
Retard tier take
>>57641963
Easy.
1. Educate them on risk management
2. Have them work a SHIT job so they get PTSD from working and comprehend how hard it is to get money thus appreciating its value more
3. Try to create more cashflow and educate the offspring on how to run things themselves

It's not hard to preserve wealth. You just need to actually raise your kids. 99% of parents out there are fucking retards. Just don't be a retard

>>57605275
I said that about 10k. Then 100k. Then 200k. Etc.
I've realized anything less than retirement money is not going to satisfy me because I need to buy my freedom before I feel okay doing random shit

I keep hearing that our economies depend upon immigration. Is it because in a capitalist economy there must be growth or there will be atrophy? In other words, my understanding of capitalism is that a company must either continue to outgrow its debt service or it will go under. On the grand scale, the growth of an economy as a whole must continue to outpace its debt service payments, and it seems that more warm bodies = more purchases = more loans = more money = more growth. Thus, would it be accurate to conclude that the need for migrants is a function of capitalism's insatiable need to grow the economy? If so, what would happen if the economy did not grow for 5 years? Collapse?

It's 9pm central on a Friday night and this board is dead as fuck. Where the fuck is everyone?

I have some money but not a ton. I made no-decisions or bad decisions last time and wound up with less btc and eth than I started with.

If I had just held my eth and btc from 2016/17 I would be a multi millionaire. Instead I traded it on shitcoins which eventually dropped.

I started with 12 btc and 120 eth. I now only have 3btc and 60 eth.

How do I get over this paralysis? Is it even possible to make good decisions? Timing the market is so freaking difficult. I even tried to like day trade with a stack worth $10k and that worked for awhile, but then I made one wrong move and it got seriously buttfucked and I also shied away from doing that anymore.

Should I just hold? Seems like no matter what I do results in my btc/eth value eventually dwindling.

>>54634358
~60% of Americans cannot come up with $500 in an emergency. ~80% of Brits don't have $500 in their accounts. You'll be fine.

>>54510018
based
that little bit of leverage really helps imo

>>50666454