/biz/ - Business & Finance

>>22238858
it is but the dump isnt over yet

>>22238875
Cool thanks

>>22238858
>crypto
>”savings”
kek

>savings for a house
>$7,579.80
bruh

>>22238858

>>22238945
You’d rather hold fiat? Why would I ever want to have my savings into something the gov prints willy nilly

>>22238980
You don’t lose $1k+ per month holding dollars

>>22238858
Sucks that the only hope you have for homeownership is to gamble everything you have on some shitcoin and pray that it moons.

>>22238858
>putting your "savings" in anything with a beta over 0.2.

/biz/ deserves poverty and miseey for its collective impatience and stupidity.

>>22239027
You don’t make $1k either
>>22239031
yep, I have a shitty degree and no job since last Friday so shitcoins are my only hope

this board really has no investment experience that "swingies" are a bad thing and nobody here ever knows when to take their profits, and instead marry their shitcoins to the ground

>>22238980
Everything in the world is pegged to USD for a reason you delusional fuck, even crypto.

>>22239061
Wtf are you spouting? You didn’t even see what coins I’m holding

>>22239027
>>22239061
>>22239101

Savings for a house should be in something correlated with housing prices. With inflation set to sky rocket you will never keep up with housing price increases holding cash.

But holding shitcoins is another thing. Just put it in bitcoin, which is pretty much a guaranteed 10x at least at this point.

>>22239031
better to wage for 20 years for mortgage

>>22239117
I didn't have to. I knew you had some retarded basket of crypto from the volatility. You don't even know what I'm talking about in that post because you are so financially illiterate it's hilarious. Meanwhile I'm about to pay off my 15 year fixed mortgaged in under 17 months.

Get gud.

>>22239165
this and also investing in etfs for dividends

>>22239150
Or just get a mortgage at rates so low the bank damn near loses money giving you the loan due to inflation and not pay some other asshole 3x the mortgage each month for no equity?

>>22239150
>>22239101
USD aint gonna be shit soon
https://www.ccn.com/fed-destroying-dollar-inflation-no-turning-back/

>>22239061
Not him but isn't lower beta correlated with lower returns?

>>22239219
I think he was being facetious, but good on you anon. You will be fine.

>>22239181
Cool buddy, enjoy your life

>>22238858
You could have just sold.

>>22238959
8K for a house wouldn’t even get you through the door

>>22239237
Yes and the tradeoff is lower volatility. "Savings" should be relatively liquid but provide a return that mitigates most if not all inflation. "Savings" is all about capital preservation and liquidity. OP obviously took his savings and threw it into high risk cryptard shit and it predictably shit on him. It's semantics in the end really.

I keep my SAVINGS in a 1.7% savings account, MINT, and JPST. I keep my INVESTMENTS in a ton of shit including crypto, stock, home equity, and physical gold.

>>22239288
I hope ypu pull your head out of you ass and enjoy the shit out of life too anon. Seriously. At least diversify outside of crypto or hedge 50% with something like JPST so you barbell it and don't get completely fucked again.

>>22239402
I will take note, thank you. This savings was about a years worth.

>>22239300
At one point it was $23k which would have

>>22239453
That's not a bad loss looking at it as a year, does suck tho. Good luck man.

>>22239487
I’m not to worried, In the end I know that I’m playing with fire investing in crypto but I wanted to share so others don’t feel as bad

>>22238959
>>22239150
>>22239300
It's called a down payment and mortgage. Only need 3.5% for FHA

Inb4 can't do a mortgage because MUH JOOS

>>22239101
It is not anymore grampa, gold is back on the menu.

>>22239527
My plan was to get 100k and put it down as a fat down payment.
Oh well back to the grind

>>22239367
Makes sense, thanks anon

>>22239233

Yeah but you need an income to get a mortgage, or a bigger down payment to offset some of the lack of income.

Its also not really the bank losing money. >90% of the time the bank turns around and sells the mortgage to a government owned and run, money losing, "corporation" (GSEs). The bank just "services" the mortgage by taking your monthly check, siphoning some off, and forwarding it to the government pseudo corporations (fannie mae, etc.)

>>22239367

Holding cash right now is not saving, its throwing it in the trash and letting the government burn it through inflation to fund the fed's crony capitalist corporate welfare. Buy bitcoin.

>>22239367
There fixed it
Also changed it to pink since pink is For chads

>>22239554
>putting 100k down on a loan that is 2.5%.
anon you can do better than 2.5% return can't you?

>>22239738
Hope to

>>22239527
Won't that Jack up your monthly payments though?

>>22239100
We should ban the term shitcoin and fuck you swingers are faggots

>>22239806
don’t listen to these dick heads. Keep stacking. Bitcoin should be 80%^ of your portfolio. hold a tiny stack of xrp too.

>>22238858
A HOUSE JUST FLEW OVER MY FENTANYL TRUCK

>>22240355
vet as well.