/biz/ - Business & Finance

>>58448252
Crypto bros are idiots who think the shit coin they buy will be the one that moons. That is rarely the case.

>>58433586
Hope you’re still here OP. advice from an actual wealth manager who handles more money than this entire thread combined.

Picrel is the problem with crypto traders. They assume that their asset will appreciate in value. That’s a terrible assumption to make. They also assume that THEY are holding the coin / token / shitbux that will skyrocket.

with that being said, if you’re starting with under 25K, don’t expect to make huge returns within the first 5-10 years.

90% of hedge funds, managers, equity firms etc will lose money long term. That’s not to say some of em won’t outperform SPY this year, but long term little to none will.

So you have 3 choices:

Put money into SPY / VTI every paycheque and compound ur cash so you’ll have a nice egg to retire off of.

Put money into crypto and suffer because you, and everyone else here, doenst inherently know why line goes up and line goes down.

Put your money with a wealth manager and pray for the best. Whether that be an independent advisor or someone that works for a big name like JP Morgan or Goldman.

>>58435479
Agreed. All you’re left with are people who vehemently shill the lacklustre benefits that fool those who don’t know and better and pretend the cons don’t exist. When I asked “what happens if CP or revenge porn or personal details are uploaded to the so called immutable chain?” And their response was “oh it’s the future we gotta accept some stuff”

I always say this. The reason crypto bros are upset isn’t because the stock market made them lose money. It’s because they weren’t the ones doing the rigging.