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/biz/ - Business & Finance

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17171408 No.17171408 [Reply] [Original]

Should I cash out my 401k and invest it all in crypto? I would make a much larger ROI doing this. How many people have done this?

>> No.17171436

>>17171408
I wouldn't. Just start investing extra money into crypto. Aim for 5k a year or something if you are adding 20k a year to your 401k

>> No.17171438

Go for it. Go big or go home you won’t do it though you’re too weak for big fains

>> No.17171441

>>17171408
> buying the top

>> No.17171480

>>17171408
keep all your money in your ROI and start putting all the new money into crypto. I wont suggest any tokens to invest in you can sort that out yourself but the big 3 you'll get told to put money into on here is usually gonna be btc/eth/link. Have fun anon

>> No.17171481

can you stomache possibly watching that 30k go to 10k for months?

if so, go ahead and invest it i would

back in 2017 i sold my 2013 escalade to put it into link at .40 cents.

and i watched it go down to .17.30
cents for months/ years.

>> No.17171519

>>17171436
This 401k was from my previous job a year ago, and it’s just been sitting around

I have the FOMO virus and it’s making me want to give everything up for crypto

>> No.17171637

getting a 2017 vibe from this

>> No.17171648

I thought you aren't allowed to pull out a 401k unless you experience a financial hardship (oy vey)

>> No.17171756

>>17171637
The time is now anon

>>17171648
If you don’t work at the company you started your 401k with anymore, then you can cash out

>> No.17171810

>>17171408
I cashed out my 401k to go all in link at $4.50. Suffice to say that it was the worst decision of my life.

>> No.17172192
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17172192

>>17171810
If you're not larping, kudos for not killing yourself. I would have ate a bullet sandwhich from sheer embarrassment if I had JUSTed my self that hard.

>> No.17172355

>>17171810
Retard. You bragging about few % lose while any other shitcoins went like -99%. And you crying about few % faggot.

>> No.17172381

>>17171637
I am ready anon

>> No.17172410

>>17171408
i did it in 2018 just as the Fed announced rate hikes. Save myself from a big dip and put it all on Link. I do not regret doing this even though LINK was .70 at the time and I had a year of being underwater. Imagine having a bunch of 'money' controlled by some boomer fund that can get bailed-in at any moment and you literally can't cash out of without a paying a fee.

Millenials with money in 401ks will get robbed by boomers at some point when there's not enough cash to pay their ridiculous pensions. dump that shit.

>> No.17172457

If serious, go all in LINK and hold it for a few years you impatient bastard. Why LINK? LINK is poised to deliver data to smart contracts across all blockchains globally. It's like having a stake in the global GDP man I shouldn't even have to spoonfeed you but here I am.
>Send that LINK off exchange to a wallet only YOU have the private key to.
>Keep that private key safe.

I used a label maker and labeled off 8 sections of 8 characters and arranged them on a blank page in a book. My life savings are literally in a book lol