/biz/ - Business & Finance

just put it all in Vanguard index thing ETF

>>17321229
Go the the casino and put it all on black.

All in LINK. It's guaranteed to go up.

Spend 100k on Land
Spend 100k on chainlink
Spend 100k on tezos
Spend 100k on boomer mutual funds
Hold 100k for dips and to live off of
???
Profit

>biz financial advice

>>17321229
you deserve to go all in pnk sir

>>17321229

>>17321243

this and keep like 50k to play with in crypto, simples

>>17321229
all in Bitcoin (BTC).

>>17321229
all in a rolls royce

>>17321243
When I said years I don't mean 50 years

plz send am sri lanka not stinky poo north india

>>17321229
40k link
200k blue chips
50k to daytrade options with; cash out every 5k gains
10k rainy day fund
200k split between btc, eth, and xtz
REMEMBER YOUR TAXES, GOY

>>17321243
unironically this

>>17321229
All in on niggercoin

>>17321290
what are you talking about? ETFs don't lock in your money.

>>17321255
Checked, and and pretty wise. Can't speak for tezos though, but I'd absolutely do the rest if I had that money

>>17321229
You better get a suicide stack of pnk if you knew what was good for you.

>>17321229
lesson 1:
learn to balance your portfolio with high stack in low risk investments & small stacks in high risks investments.

Fuck man, it's hard to say but here are the basics.

Unironically read the flowchart on /r/personalfinance

First, pay off all debts. Then do your own research. If you feel overwhelmed then you could reach out to a wealth management company.

Definitely put some money into a high interest savings account so that you can have liquid cash available. Get one that's over 1.5% APY. Put enough for at least 3 months expenses.

Do you own your own house or apartment? If not, look into getting a duplex or small house that you could live in and rent out rooms of.

After all of that, look into ETFs or stocks. You could also buy real estate to rent out as well. I wouldn't put more than 10% in crypto personally.

>>17321248
nah, you go to the casino and put half on red and half on black. That way you're guaranteed to win.

>>17321243
unironically this is the smartest thing you can do

>>17321290
It's gonna take a few years to double and you could take out a living wage each year from it and still be in profit
Just put it in vanguard and never work again

>>17321243
>>17321229
Putting it mostly into a (Vanguard) ETF is an incredibly easy choice and also the safest possible investment, since funds invest in thousands of companies spanning the world (sometimes) which means no particular company failing and no particular economic crisis is going to destroy an ETF.
Any losses due to bad economic conditions are just temporary, ignore and wait for economic recovery.

You're gonna make possibly 7-10% at year, optimistically more than that.
You can take out less than that each year to live for yourself and you'll never have to work again a day of your life as long as you're not spending more than you earn each year, and every year the money you get is gonna increase because your total capital increases.

Let's say you take out 5% each year (25k$) and it keeps growing by 10%, in 5 years you'll have 638k$ in your ETFs without having put any effort into it, and you'll have spent 130k$+ for yourself (5%/year).
Now your yearly "salary" of 5% is 32k$ already, up from 25k$ and it will keep increasing throughout your life, indefinitely.
Just spend less when there's an economic downturn.

>>17321432
Pretty sound advice

>>17321432
I have no debt. Already 100k in bank and 180k in crypto. Don't own a house though and not sure if I want to cuz I like the idea of muh freedom. Maybe if I settle with a girl and have kids or something
>>17321622
Vanguard seems great. I thought profit were shit but looking at the last 10 years it's pure profit except for one year with 5% loss. That would indeed net me enough that I'd never have to work ever. Will dig into it, thx senpai

>>17321229
50% BTC 30% Gold 20% SPY

>>17321451
You're right.

>>17321739
>180k in crypto
>of 500k
lol wtf?

>>17321739

Not bad. Well you could do a duplex and rent out the other half. That way you're making a profit while you're there. Paying rent is a waste, but it's okay to do it temporarily while you figure things out.

>>17321229
just put in the stocks market bro

>>17321974
No, out of the 500k.
The 500k I'm inheriting. Don't have them yet

>>17322017
jesus that's even worse

>>17322043
Idk, considering I never invested more than 10k in crypto

>>17322043
YOLO
Never invested more than 10k in it. Its my yolo make it or break it retirement fund (inb4 made it then broke it)