/biz/ - Business & Finance

>>12911983
100% into VTSAX

Keep enough cash to pay for 3 months living expenses and put the rest into a vanguard ETF. Keep investing 500 a week

>>12911983
Honestly, DCA $20 BTC and $20 ETH daily.

>>12911983
>you will never shoot dice with the niggas slangin rocks in crown heights

>>12911983
3/4 in crypto when we're in a confirmed uptrend.

>>12912021
Please could you explain a little more on this?
I'm intrigued...

>>12913273
It's basic compound interest.
Depositing $500 a week for 30 years in an 11% P.A ETF will yield 6.6Mil.

11% P.A is historically conservative for vanguard share ETFs over the last 2 decades.

I'm currently doing this ($750 a week) as I'm living rent free with my mother and I hope to have enough to retire in 15 years.

>>12912884
this, DCA btc/eth is pretty damn safe for 2020

chance btc hits 5x again is way more likely than it hitting 1/5th

>>12911983
Agh cringe

>>12913445
Why not all in eth? ETH has more growth potential...also won't bitcoin futures trading stunt a btc moon?

>>12911991
what about diversifying your portfolio ?

>>12914259
VTS is already diversified on different shares.
If you mean protecting against the US share market through bonds or foreign markets then go ahead but those returns are too shit for me and life is too short for such levels of risk aversion.

>>12913236
Why even live

>>12912021
Oh boy I can't wait to be rich when I'm an old fart ready to die!

What's with blacks and Timberlands? Is it that they make them appear taller?

>>12911991
based

>>12912021
Going 5x over 30 years is fucking shit. Rather trade it and make that in a single year.

Yeah you can make 5x in a day during the crypto bull market.
Why the fuck would you wait 30 years for it lol

>>12914985
You don’t need a lot of money when you’re young though. It’s when you’re old that you need it.

>>12915030
getting 5x is almost risk free. almost.
trying to trade that in a year increases the risk of losing everything increases exponentially.

>>12915050
no, what you need is to try and beat inflation, because when you're old you'll need 10 times more money to maintain the lifestyle you have now.

>>12915030
>I would rather gamble
Go ahead bud. If you think you can get 500% then you're a champion. Also 6mil is nothing to scoff at

>>12915116
Are you a brainlet or did you accidentally reply to the wrong person? You said “no” and then completely agreed with me. People need to make money when they’re young and use it to situate themselves for when they’re old. It’s not rocket science.

>>12915214
sorry bro...

>>12913236
>wanting to hang out with niggers
never going to make it.

>>12911991
>buying the top

>>12912021
just go in 3x leverage with leveraged index funds and get 30% returns and retire in <10 years

>>12913611
Haven't you learned?
Bitcoin has the brand recognition.
Everybody knows what bitcoin is.
Nobody knows what ether is.
Nobody even knows what a crypto currency is.

ETH has a hell of a lot more scaling challenges than bitcoin. At any point some hammy dapp could brick the network.

BTC has a higher risk profile than most normies are comfortable with. ETH has a much greater risk profile than bitcoin.

>>12915432
>knowing when the top is

>>12916553
Which bitcoin? I like BCH but BTCP has a great value prop. BTC is pretty shit tech-wise and seems to attract hodlers, who are just glorified pump and dumpers.

>>12916727
>thinks anything but BTC is bitcoin, b'cuz reasons
not gonna /make it/ anon

>>12916876
> thinks btc is special because it's /btc/
BTC segwit a shitty fork that abandoned it's original mission statement

>>12917198
If you haven't noticed Segwit works great, with zero complaints and Lightning is coming along.
These are long term, sustainable solutions.

>>12917228
> Segwit works great, with zero complaints
I have a complaint. Viewing transactions on the block explorer fucking sucks now.
Segwit is one more usability compromise in the name of fake optimization designed to keep BTC from being a viable solution.
LN will be the nail in the UX.

>>12916691
>investing in an asset class you don't have a basic understanding of

>>12917257
UX is front end. That's a lot more forgiving than back end problems.

Just give it a year or few. BIG PICTURE. It's about the chessboard, not the pawns.

>>12917198
bitcoin is special because it's bitcoin. anything called bitcoin that isn't btc is just yet another altcoin. altcoins aren't special, there's an infinite supply of them.

>>12911991
>>12912021
based and wealth accruing pilled.

No debt? Then the ROTH IRA and regular IRA investing the 500 weekly

>>12913322
Help a brainlet out, what does P.A refer to?

>>12911983
btc long x1 change to x100 after bull is preped

>>12911983
Take one (1) of the weekly $500 payments and put it into NKN. That will get you 16k NKN tokens.
Sell in 2021-2022 when the price is near or over $10.

>>12911991
Wtf? Some-one is giving proper advice? Some-one report this faggot.