[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 57 KB, 817x1080, fruit2.jpg [View same] [iqdb] [saucenao] [google]
24632086 No.24632086 [Reply] [Original]

So lets say your investment in crypto pays off and you have a million buckaroos

What do you do then?

Hard mode: You are poor up until the moment this happens ( so nothing else to fall back on )

Do you exit crypto?

Keep it in until a certain figure?

Cash out half?

Cash out fully to buy in again at a dip - if so when?

Cash out completely, but put 50% back in when it the price crashes and then buy back in?

Id love to know your opinions thanks

>> No.24632160

keep going until I'm at 100M

>> No.24632186
File: 95 KB, 575x620, 1606265266468.jpg [View same] [iqdb] [saucenao] [google]
24632186

>>24632086

>> No.24632198

nice reddit spacing kys
but anyway I'd probably hold about 10btc (assuming it's not the whole million) then put several hundred thousand into passive investments like REITs, housing and other high yielding assets

>> No.24632204
File: 367 KB, 1080x1350, perfectAss.jpg [View same] [iqdb] [saucenao] [google]
24632204

>>24632186

>> No.24633351
File: 205 KB, 1080x1145, 1602283314597.jpg [View same] [iqdb] [saucenao] [google]
24633351

>>24632204

>> No.24633385

>>24632086
she could squeeze my lemon, if you know what i mean

>> No.24633463

You ask a lot of difficult questions. What do you have to offer for an answer? I'm willing to help out here and this is a topic I've put a lot of work into and have personal experience with.

>> No.24633531

>>24632086
>So lets say your investment in crypto pays off and you have a million buckaroos
>What do you do then?
Pull it all out, spend $150-200k buying a house in cash, invest the rest in VTSAX and live on 4% per year for life.

>> No.24633533

>>24632086
no point making plans, I'll see if I ever get there. more worried about getting there atmtbhfamdesu.

>> No.24633568
File: 136 KB, 1291x954, ee.jpg [View same] [iqdb] [saucenao] [google]
24633568

>>24633351

>> No.24633648

>>24633463
Not OP but interested to hear what you have to say

>> No.24633738

>>24633531
>cash out
>owe 30%+ in taxes
>lucky to bank $600k after taxes and fees
>log onto zillow
>filter for property under $200k
>buy ferret shed in rural alabama
>have $400k left
>get killed by ferret hunting niggers

>> No.24633788
File: 1.40 MB, 1200x1200, B7BD0DF5-ACE7-4372-A3B1-E40227AC9FDF.png [View same] [iqdb] [saucenao] [google]
24633788

>>24633738
How is taxation not theft?

>> No.24634033

>>24632086
In my country, you pay 30% up to $200k = $60k. However, with a capital gains discount, you only get taxed on half the income. so I will be cashing out ~$400k paying $60k taxes a year. I like the idea of buying a house and something with an income stream i.e. local businesses. I am very unsure about equities right now. very conservative view point.