/biz/ - Business & Finance

>>25765540
go all in on chainlink

>>25765540
>150k in cash
why the fuck do you have so much in cash? jesus christ dude

>>25765540
if you want guaranteed returns take it all out and put it in index funds. youll be a millionaire by the age of 60. if you want to a be worth 5 mil in half the time put more in crypto and cash out at 37

>>25765606
this

>>25765664
*5 mil in 1/6th the time

>>25765540
real answer is UNN. very possible 50x

>>25765660
im scared of risk. tell me what to do with it

>>25765540
Buy a house and move out you degenerate

>>25765764
Buy a small house if possible and rent the excess rooms. Or dump a bunch in an Index fund.

>>25765769
i dont wanna move out though. when i live on my own in college i was so depressed because i had literally no friends and just smoked weed and watched tv in my bedroom everyday. it was such a lonely and traumatic experience for me
>>25765811
but desu i kinda want to get a little risky seeing how many people are making so much money in the stock market

Bump

Keep the cash you have. If the housing market takes a shit put a down payment on a house near a college and rent it out. Install toilet cams and sell footage for bitcoin. Convert rental profit to bitcoin. Keep cash ready incase bitcoin dumps hard as fuck and sell the rebound. 80% of your bitcoin should be in the coldest safest storage possible with redundant backups. You want to retrieve your bitcoin if your head is cracked wide open by niggers and need money for a decent robotic exoskeletal suit, which you use to fight crime at night in the ghetto (where you've bought more rental property) 10% of remaining crypto goes into boring bluestock crypto. The other 10% goes into daily uniswap flipping. Don't lose it all in one day. You will do this until it's either $1,000,000 or it all gets rugged on a defi food coin. Never draw from your cold storage to gamble ever. That wallet should be a one way street only. 10% of profits go into it, the rest you let snowball. The secret to this game is that you NEVER sell. EVER. Having X number of bitcoin will be the new penis measurement. You don't whip out and show it to just anybody, but secretly you know your number and your power/happiness/peace is bound by it.

>>25766414
>80% of your bitcoin should be in the coldest safest storage possible with redundant backups.
Any advice on where to store

>>25766515
paper wallet

Dump all but 6 months emergency funds into a global index fund.

Crypto should all be in BTC, ETH and LINK but you probably already know this.

>>25766621
but what about options and stuff?

Paper is good, it's generating the key that's the bitch. 99% of people just buy a brand new hardware wallet and generate the address offline. Some worked out a way to generate a code using dice or playing cards. There is also running bitadress.org on an offline computer. The code is open source, but how many people can actually read that shit and verify anyway?

>>25765764
>im scared of risk. tell me what to do with it
buy bonds then. learn about them. they pay interest, so you can park your money into bonds and get thousands of dollars in interest every year.

>>25766741
Another high risk/high reward model.

I figured if you have 170k in crypto you know what you are doing with it. Options is a bit different. My philosophy is "stick with what you're good at."

If you want, dabble in options/learn it slowly. 10% of your cash stack, tops.

>>25766741
BONDS bro, buy some bonds. if the market tanks, your index funds will tank as well, but the bonds won't. as long as companies keep paying the interest on those bonds, they're good.

>>25765540
Put the crypto in Blockfi for 5% interest for
>Year one $178,500
>Year two $187,425
>Year three $196,797
etc. etc.
Makes holding way easier and less stressful

>>25766818
>>25766931
thanks brother il look into it

>>25766849
i dont really know what im doing if im being honest

Move out and grow the fuck up. Only then will you find wealth.

>>25767088
I mean if I had your money I would split it between bonds, crypto, and stocks but if you are really looking for a low risk investment, then bonds are the answer.
This video gives you a good overview.
https://www.youtube.com/watch?v=xuj5eywWzdI

>>25767120
Probably don't want to play options then lol

If it were me, index funds and "safe" but aggressive stocks and cryptos. Split probably 60/40.

>>25767136
il think about it but probably wont
>>25767173
>>25767200
thanks

>>25765811
i 2nd this, even putting it all in coca cola or amazon would be way better than sitting on that much cash, wtf

>>25766013
dont get risky, use the cash to buy index funds like the s@p 500, or a rental, and keep the crypto if u are feeling risky, but the cash could be a million by the time you retire if you dont touch it in index funds, you need to have the golden goose egg for the long term, cypto can be ur play money. dont get greedy

>>25766013
>i dont wanna move out though. when i live on my own in college i was so depressed because i had literally no friends and just smoked weed and watched tv in my bedroom everyday. it was such a lonely and traumatic experience for me
was gonna insult you but the same thing happened to me.
24 atm tho so hopefully i can unautism myself

>>25766013
>i dont wanna move out though. when i live on my own in college i was so depressed because i had literally no friends and just smoked weed and watched tv in my bedroom everyday. it was such a lonely and traumatic experience for me
lel, keep btc and go long spx (leveraged or not up to you) the dollar is nothing but paper. the fed double it's balance sheet in one year while gdp is down.
Idk how familiar you are with the fed but it's equivalent of you owing 500k on a house and losing your job and then taking out another 500k because you have no job. Irl, the bnak would just take your house back, they'd never lend you another 500k but the fed is the government. and we are going to have to pay for this sooner or later

>>25765540
no, you need to hold. Now that dems are in charge they are going to fire up the money printers to max. Fiat is going to be really dirty soon.

dont cash the crypto or youll get butt fucked by taxes

>>25765540
Cash should be stablecoins earning 20-30% APY in Defi.

>>25766414
amazing post

>>25765540
Why the fuck do you have cash?

>>25766414
What is tax ?

>>25767059
BlockFi can go insolvent and there goes your crypto / keys .

>>25766931
Bond market is terrible right now. During the March drawdown bond didn’t give you any protection and some of them had negative yields.

Best is to have a real-estate at a damn-well-researched location.

>>25765540
>150k in cash
never have this much cash... 3 months worth of expenses tops.

>>25765540
150k in cash!?

Better exchange that for something else...

u should have hatheurism instead

hathor 100x

>>25765764
>scared of risks
Has half his networth in crypto

>>25765540
Answer mr this anon, why hold why when the dollar is depreciating?