/biz/ - Business & Finance

>>26202742
Buy AXAX on binance with crypto. You might get a 10x. Don't forget to cash out late February or March. It will crash as it always does.

>>26202742
Sorry about your loss. Buy RSR

I'm sorry anon but 200 a month is peanuts for investing
also sorry for your loss

Unless the missing word in that sentence is "the house" i wouldnt accept the inheritance i guess. As far as investing goes, id sell covered options.

>>26202742
Firstly, sorry for your loss fren. Second, crypto is great to invest in but I'm not sure if the returns from buying things like Bitcoin or Ethereum are going to be able to pay off the debt any time soon. You may be able to gamble it and get lucky with shitcoins but I wouldn't recommend it. If you wanna help your mom retire in 3-10 years then I would say just start buying Bitcoin on a monthly basis. The more money you put in, the better.

>>26202742
>90.000 euro debt and about 15.000 euro in savings
Any other assets? You can reject his inheritance

>>26202742
Sorry for your loss. I wish my father was in his place instead.

I'm sorry bro. hang in there and take care of your mom, you got this.

>60 years old with 90k debt
That's a rough age to still be dealing with that much unsecured debt. She can reasonably expect to survive another 30 years. If she was a little older I'd say to just ignore the debt and let it die with her but 30 years, even 10 years is a little much for that.

She's still working right? Have her keep working so she has some income and save up everything she can. Make minimum payments on the debt and look up any kind of repayment plans for old people who can't work anymore, you might be able to get a lot of the debt written off. She shouldn't be investing in crypto, it's too risky an asset.

You on the other hand should be saving and investing every last scrap you can because you're still young and have time to wait for it to pay off.

>>26202742
F and rest in peace for your father, fuck that virus.
Currently my favorite coin is prq, but remember there arevrisjs and prq took a shit today

>>26202742
>covid19

>>26202742

Sorry for your loss.
It's basically a casino. I don't think your mother should have anything to do with it. Good luck.

>>26202742
Sorry for your dad. Does she own her house?
I don't know about your legislation, but in general all creditors can at maximum get all the assets of a deceased person to get their money back. If your dad left to you less assets than 90k too bad for then
Also, was those 15k euro declared by him in income tax? Well, probably they will go for it. If it is in a bank account, withrdrawl THEM NOW

I think it's safe to buy "safe" bets like BTC/ETH after a major crash, but right now it's hard to say if it's time to go in. Sorry for your loss anon, I hope you make it out in the end. 90k euro is alot of money but remember that many have earned more than that from nothing in the crypto space - you can do it too, but be careful.

>>26203052
Anyone telling him to gamble away the rest of his widowed mom's money needs a psychiatric evaluation

Sorry for your loss man. Biz is probably not the best place to ask for advice when your just starting with crypto because of all the noise and pump and dump attempts.

Please always do your own research before investing. Look at a projects website, partnerships, real world adoption and community involvement on Telegram or Discord.

That said, for a longterm solid investment my advice is:

75% IOTA
25% Quant

>>26203270
Not a great idea to try and hide easily traceable assets imo.

>>26202742
Your dad prolly sucked, anon. Sorry for losing another shitbird boomer. Also, covid didn't kill him. Finding out that his son was gay is what did him in.

>>26202742
About to go see my grandpa for the last time because he's in the hospital dying of covid right now. He had other issues (COPD) that made the situation worse. So sorry for your loss anon.

Imo, you shouldn't be worrying about investing right now. Use the cash he left behind for what yall need to take care of in the immediate term (don't fucking pay collections if you need the cash for a funeral or something).
Im not sure how it works across the waters, but here in the states if he was a sole provider for the house and your mother doesn't make the income the debt could be forgiven or reduced tremendously (pennies on the dollar instead of paying the full amounts). This is worth the time to talk to a specialist that handles estates.
Now, if your mother is looking to invest after all this to grow income for the next.. 10yrs or so then absolutely buy up crypto and invest in it regularly.

I deep down want to shill you a coin that really does have the fundamentals to 100x (maybe even more) which would pay off the debt but I'm not a clairvoyant, nor is anyone else on here. Ultimately I don't think getting your mother's hopes up on some shitcoins will do a tremendous amount for her mental health. Tackling things a little slower can sometimes be the best way.

>>26203270
Btw, if your parents were still paying for the mortgage, probably they were paying altoghether an insurance in case of death of one of the payers. Look for it.
>>26203446
I hope OP family was smart enough for withdrawing his saves before his death. My mother died of brain cancer almost three years ago, and the third and final time she went to the hospital I knew she couldn't make it. So I started to withdrawl all money I could. In her last day she was already inconscious, I went to the hospital to say goodbye, turned off my smartphone and I went to the bank. In total I got around $ 8k, which I shared with my sister without dealing with lawyers.

>>26203587
He is not dying of covid because covid is a meme. I thought that we as a species decided to collectively forget that 2020 ever even happened. It is 2021 now, covid is no longer real, joe biden is now the dementia patient of executives, and GRT is the bing of blockchain.

I'm based in the Netherlands, and my father only left my mom with a car, which i helped her sell for a smaller cheaper car.

The house is worth 300k, there is still 90k left to pay, the ownership is in my mother's name, and my father's will(or testament how we call it here) is written in a way that my mom can continue living in the house, and then from my father's half 33% goes to me and 66% to the children from my father's first marriage (which he didn't have a good relationship with but he couldn't remove them from the inheritance due to dutch law, they weren't even invited to the funeral)

My mom works but only makes +/- 1200 euro's a month and her costs of living are +/- 600 euro's.

The situation is real messy. Big debt, low income, 2 children from first marriage that will have to be paid off if i want to inherit the house.

>>26202851
Peanuts turn to walnuts, which then turn to nectarines, eventually becoming cantaloupe of course. Never underestimate the power of peanuts or tree-nuts of the like. Or any other type of legume

>>26203557
Where do you think you are?
Go back to Digg with your awful attempts at being edgy

My father left us with 30K in debts, I can relate, good luck

>>26203890
Yes, legumes turn into tree nuts, into peaches, into melons. This is accurate to what happens in my orchard and garden.

>>26203783
DUDE IT’S LITERALLY THE GOOGLE OF FACEBOOK LMAO

>>26202742
similar thing happened to me 5 years ago
>quit my job at another country and came back home
>started a businness with everything i had and worked my ass off doing literally everything myself
>no vacations, no weekends, 4 years working nonstop
>sold the company a year ago (just before the rona)
>saved my mom's home (was close to being forclosured when i got here), and she's now retired with passive income from the sale and a full pension
>i'm so fucking proud of myself anons, most days i still can't believe i was able to pull it off
Crypto is a lazy solution to your problem imo, you should do everything in your hand to help your mum.. it won't be easy, but it has been the most fullfilling effort i've ever done in my life

>>26203991
Oh, sorry, anon. It is just that covid is not real and we all collectively decided that 2020 never happened. So, i am just enforcing these rules. I didn't make the rules, anon. Like so much of this world, I didn't consneed to any of it. But by God I will enforce it all.

>>26203877
>if i want to inherit the house.
why would you? Just sell the house, from that money your mom can buy a small flat for herself

>>26204073
I really liked the upper-decker of party favors.