/biz/ - Business & Finance

man making it with generational wealth seems too easy

All in Bitcoin
nice pizza you have there

>>49386472
>selling a family home
you all deserve to burn in hell

Only buy Bitcoin with 99 percent of the money and consider anything else worthless scam

>>49386472
Nice larp phonefag
Here is your answer btw >>49386659 you also could add like 20 % eth just to diversify a little bit.
>>49386679
Back to >>>/pol/.

>>49386472
>sells handcrafted family house
>buys worthless internet tokens
your granddad should have smacked you faggots more often

>>49386472

1/4 bitcoin 1/4 eth 1/4 algo 1/4 icp

Buy in three or more chunks (1/12th into btc 1/12th into eth ... etc)

Spread buys between now and November.

Move all of it off exchanges asap. Stake the algorand in governance and lock up icp in neuron for 8 years. Stake the eth on aave or some bluechip yield farm.

Sell it so you can lose everything

>>49386513
>seems too easy
there's the rub, what if op starts a shitty business and actually ends up in debt? or buys a castle over a bog that just sinks.

You should all kill yourselves and find someone who will appreciate the family heirloom that your grandfather made with his own hands.

>>49386730
>comes to /pol/chan
>whines about /pol/

Aww, she's uncomfortable :^(

>>49386814
>Another /biz/ is /pol/ newfag /pol/tard.

>>49386472
Crypto is dead, some might make bank but the times of golden bullruns are over for good.

Not saying don't buy any crypto, but keep in mind that 99.999% of cryptos are at best soft scams and won't make you any money 10 years from now.

>>49386472
my grandpa had about 1.3m in assets when he was 93 and blew through 900k in 3 years on in-home care while he was shitting himself and demented before he dropped dead

>>49386835
Oh boy it's the leftist faggot who can't understand that a place exists where someone is allowed to disagree with them
>look, look! A screenshot of /pol/ from years ago with a random assortment of people who heckin don't like bitcoinerino!

>>49386793
>>49386733
You do realize even if he wanted to keep it he'd have to buy out the other estate holders at fair market value and then be drowning in debt (and taxes )to hold a house he can't use because there's no local work right? Not to mention risk of legal battle over estate that would devour the entire 1.6M in short order. If his grandpa wanted his kids to inherit a treasure he should have ensured there was a family business to support their lives. He failed at legacy building and now all op can do is hope to reinvest and do better for his kids.

>>49386472
Don't be retarded. That house is literally priceless. The equity will continue to accrue. Even if you claim that the people who are saying that you shouldn't sell your house are fromm /pol/ their reasoning is overly sentimental, you'd still be fucking stupid to sell any form of real assets in the environment we're currently in. You're probably getting offered over a million dollars because someone can put a warehouse on the land that house is built on. If that is the case and you have shit tons of acreage, and you really get baited into selling, that's on you.

>>49386730
Back to redit.

>>49386854
Jew detected

Do yourself a favor, and ONLY put it in Bitcoin. Don't touch it for at least 5 years.

>>49386472
>selling grandpas place to get 500k and putting it in fucking crypto
LMAO I hope you and your piece of shit siblings lose everything

>>49386852
>Gets told to go back
>Seethes like the newfag.
>>>/pol/ is that niggerfaggot.
>>49386860
Same for you faggot.

>>49386835
>Pol is one person!
Kill yourself, nigger.

>>49386793
>>49386733
>>49386679
you faggots are such deluded children
>nooo the hecking handcrafted family homeee!!!
its an american cardboard shoebox not the palace of versailles
they cant split the home into three parts and none of them can individually buy it anyway so if one wants to sell its getting sold
$1.6mm is much more valuable to his grandkids than the property is - it can literally set then up for life
>>49386472
dont gamble on shitcoins and imo go into stocks too but dca in regardless
you dont need to do a lot to make it with that sort of money - dont lose it all being greedy
you just need to average 10% a year to retire decently so play it safe and build a smaller risky portfolio over time

>>49386472
You will lose everything.
Investment is a real business and extremely difficult and not something you can do with no experience.
90% of the work is mindset and emotional rewiring.

As you are now you are naked in a storm waiting to be killed.

>>49386877
>you.. you don't like bitcoin?
>you're just like this screenshot of other people on another part of the website who don't like bitcoin too
Why are redditors like this? Seriously what made you come here? to btfo the republicans?

bet it all on black. Better odds than crypto

>>49386877
/biz/ is a /pol/ colony you absolute reddit kike

>>49386659
>>49386698
This is the best advice you could follow. Only buy bitcoin with it.

>>49386730
>>49386854
>>49386892
How I know all you faggots are rootless amerimutts, you need to kill yourselves asap

>selling a country family home for profit instead of keeping it in the family for generation
>Causing the direct ruin of a community by raising the cost of living because some douche will buy that house and Airbnb for $1000 a week and leave it empty the rest of the year
Me and my wife/her siblings bought my mother in law's cozy beach house and have left it as is. We have set up legal contracts that no one can sell it unless all 3 agree to. It has been in the family 2 generations already and one of the last houses in the neighborhood that isn't a Airbnb. We will keep it that way for generations to come.
When future generations ask what happened to America and what went so wrong, I hope they see you in the history books somewhere.

>>49386917
its not
/pol/chuds have zero understanding of finance and seethe about good financial practice
its why bad advice is given here constantly regarding credit and debt

>>49386733
>Be rich old man retirement house, most likely out of the way
>Large property for a single man
>Most likely not feasible as a home for any young - middle aged adults
>Housing market crash imminent
>Abandon your grandpas house and watch value decline
>Take $533,333 and allow 3 siblings to create their own paths
I could do a shitload more with half a million dollars rather than live in the freaking Haunted Mansion.
Would grandpa want to see 2 kids suffer and one dwell in his old house not doing anything but maintaining, or get to watch 3 different lives of his offspring unfold as they forge it?
You're a boomer afraid your kids are gonna do the same thing, aintcha?

>>49386877
Man, you kikes sure are upset, what's next? You gonna mention nigger cock or post the Jewish kid from El paso?
You're boring, back to redd it, you don't even post OC and bark orders around like you're important.
>p.s.
You're not important.

>>49386944
>/pol/chuds have zero understanding of finance and seethe about good financial practice
When the natural opponent of a /pol/chud is a commie who thinks immigration is how you raise wages, it makes sense /biz/ belongs to capitalists

>>49386944
>its not a /pol/ colony
>the constant bad advice is all /pol/
Pick one you absolute retard

>>49386842
Untrue. We aren't early, but we aren't late either. You just have to be very selective.

>>49386892
>it can literally set then up for life
No it literally cannot.
Sell the home, blow through it, watch your grandkids become modern serfs.
You'll own nothing.

>>49386951
>Would grandpa want to see 2 kids suffer and one dwell in his old house not doing anything but maintaining, or get to watch 3 different lives of his offspring unfold as they forge it?
this
would it be better just to be a cryptkeeper or go out and build your own mansion

>>49386944
Unlike the financially literate commies kek

>>49386973
/pol/tards browse /biz/ but they stick out like a sore thumb and it’s not a /pol/ colony
Retard

>>49386472
Absolutely serious answer. If you have no experience in finance then put ~90% of your part into an index fund like the MSCI World or VT and maybe 10% or so into Bitcoin if you want. If you want to get into business analysis then you can also try to find good and profitable businesses yourself. But don't put it all into fucking crypto, nigger.

>>49386892
>$1.6mm is much more valuable to his grandkids than the property is - it can literally set then up for life
its half a million each which wont set them up for life espcially since this retard wants to invest his part into some shitcoins and his sisters probably go to vacation to get banged by nogs and buy some handbags

>>49387005
How i know you're wrong is every discord with a /biz/ channel is dominated by uniroinc nazis. There was even a survey a while back and /biz/ is like 70% nazi. Liberals a fucking delusional as fuck. You tards can't even comprehend being in the minority.

>>49386659
I was thinking 20% BTC, 15% ETH, 65% other main crypto

>>49386973
there is more than just one person here
/pol/ comes here but they dont own the place and they never will because they cant into /biz/
>>49386964
/biz/ is more finance than business but doing either well involves debt to a large extent and chuds cry about muh usury
>>49386976
>7% of $500k is not enough to live on
thats an incredibly conservative figure and its enough to live on
invested well you could be a millionaire in under a decade
its also more than enough to start a business or do basically anything

>>49387005
>they stick out like a sore thumb
The thing is when you retards convince yourselves that every opinion that runs contrary to yours is "/pol/!/pol/!/pol/!/pol/!'

>>49387049
>/biz/ is more finance than business
And you retarded commies are absolutely terrible at both. It's why you're parasites

>>49387020
This is also very true, if your family is dumb it won't turn into generational wealth.
I'd sell but make damn sure your family is doing something to better themselves and set up your family for the future, instead of cocaine and dicks.

>>49387035
>muh discord!
lmao

>>49387049
I can't wait for all the reddit niggers like yourself to go extinct

>>49386472
Put 90% in a dividend paying world etf with locked accessibility and sufficient monthly payouts to cover your expenses plus 20%. The other 10% of the complete sum are to be put into pms. With the additional monthly 20% you can spend or see how successful you are at picking your investments. All other advise is bs you‘ll suicidally regret within only several years.

>>49386854
> You do realize even if he wanted to keep it he'd have to buy out the other estate holders at fair market value

Yes, this is it unfortunately. My older brother is newly married and they need a home with his pregnant wife. So he asked my younger sister and me to sell rather than hold as originally planned.

>>49387067
are you ok?
have you considered opening your curtains today?

>>49387089
Have you considered that your allies are economically illiterate, and that you don't belong here? This is a capitalist board

>>49387088
>rather than hold as originally planned.
seriously why did you even want to hold it? what were you going to do with it if you did all take turns spending four months there every year? evidently you couldnt live there if you had real lives because thats why your brother wants to sell

>>49386881
>>49386902
>>49386917
>>49386937
>>49386955
Kek the ammout of salt you can generate by telling /pol/cels to go back is just enourmous, almost makes it profitable.
We all know that 90 % of all /pol/tards after 2016 are from twitter, r*ddit and facebook. So how about you niggerfaggots go back or instead stay in your containment board >>>/pol/.
>>49386973
>A few /pol/tards got scammed by icp and link and decided to stay
>That means /biz/ is a /pol/ colony
We all know that you are a newfag.

>>49387035
>Discord
Now I know why /pol/tards are obsessed with trannies.

>>49387135
Capitalist board, chud

>>49386472
It's a good time to buy some bags, you're lucky. I was in the same situation in mid 2020, sold grandma's house. What I did and would do again is this. First, buy a place for yourself. Something as small and cheap as possible just so that you stop being a rent slave, it will make you money in the long run. If you don't have enough, get a mortgage but nothing crazy. Then with what's left
>10% btc
>7% eth
>10% alts (today I'd put this into avax and xmr)
>30% dividend paying stock (oil and ciggies are the best)
>10% gold/silver
>20% cash
>13% left, eh I'd throw it into some gamble, tech stocks or low cap alts

>>49387112
if youre being serious youre actually crazy lmao
why would you even think im a commie or whatever

>>49387088
The fact all the "muh hold it forever" niggers can't comprehend this basic of estate law indicates they are fucking mongoloids.

>>49387008
>>49387085
>muh index funds and dividends.
Real inflation is running 20% annual and if it stops market will tank 50%. This is fucking retard advice. If you want to go non crypto then you buy undeveloped land preferably with tax advantaged forest zoning in areas where white people are fleeing to. EG Nevada Utah Idaho Tennessee Kentucky etc.

>>49387168
>why would you even think im a commie or whatever
>or whatever teehee
Yup, if it quacks like a commie and rees at /pol/ like a commie, it's a commie

>>49387134
It is at a lake, it was built in the late 60s when my grandpa was very young. He built it with his uncle on my uncle’s land and it was in our family since then as a vacation home. That area has gone up massively in value in the past decades as it is virtually impossible to find such a spot these days. That is why there is a bit of a bidding war and we are expecting two of the 4 buyers to actually raise their bids when we call them next week thay they are not the highest bidders.

>>49387189
>you’re a retard and your ideology is for complete fucking losers
>COMMIE COMMIE COMMIE COMMIE

Kek
Kill yourself nigger

>>49387208
Capitalist board, chud

>>49387044
That's gambling and you will probably lose most of your money. If you really want to invest in altcoins you should have at least 50% Bitcoin, 35% Eth and 20% Link and/or ICP and 5% for shitcoins. There will not be many projects left in 8-10 years most of them are "one-hit-wonders"

>>49387044
Nah at least half of your crypto should be btc+eth even if you want to be a gambler which I would advise you not to be

>>49387241
ok, this sentiment reinforces my belief to invest less in BTC and ETH

>>49387184
>THE CRASH will come any second now guise
Even if there is a huge correction coming it will probably still be smart to invest in the long run just as the last decades. Which can't be said for the vast majority of your retarded monopoly internet money.

>>49387274
Don't trade based on beliefs of a guy who knows nothing about trading, how about that. At least not with ALL of your inheritance

>>49387135
>Spics and Chinese can't be nazis
I see you've never talked to anyone outside your hipster bullshit enclave

>>49387338
>At least not with ALL of your inheritance
I never expected a real inheritence, I thought the house would go to my mum, but my grandpa specified it goes to my brother, sis and me.

>>49387331
The crash is happening right now. Holy shit how can you be so fucking stupid. 20% inflation and the market is tanking in nominal terms. We are in major real value contraction and we haven't bottomed yet.

>>49387199
ok so your plan was still to sell, which is the correct plan

>>49387274
You are the smart one, listen to yourself and not these faggot Btc/Eth maxis. Just don’t invest in alts that will never see their ATH again like Sol, Matic, Avax and Ftm. Check out coins like Chainlink, Compound, Aave, ICP, Hbar, and Algorand

>>49387376
What's the story behind that? Were your parents responsible? Dad not in the picture?

>>49387376
Post tits of your sister of fake

>>49387455
My das died 5yrs ago. My grandpa (my father’s father) handed part of his estate to my mum in trust for us and the house to us 3. He loved the house, but he knew we prob sell it at some point. My mum lives in our family house alone, she doesn’t like to drive, so never was at the country house anyway.

>>49386472
Keep it. Property is one of the few assets that appreciates at least on par with inflation

>>49386472
Use it as collateral for a loan

>>49387530
I'd say keep it. Between three siblings it'd make the perfect rental/AirBNB property that you can still sell at any time.

>>49387135
I haven't posted on /pol/ in 3 years and just looking at this 'argument' from an oustide perspective YOU seem like one who is assblasted and triggered about /pol/ and salty.

>>49386472
Crypto is how some lucky people end up with the amount you’re getting. You’re skipping that step. Just DCA it in to an index fund. Don’t be retarded. If you want crypto, put some in BTC a while after it bottoms out and shows strength again, or buy it fractionally.
Honestly, anyone with over 100k should seek professional financial advice if they don’t know what they’re doing.

>>49386762
This entire board has proven to be absolute retarded niggers, but this is singlehandedly the best advice in the whole thread.

>>49386472
crypto is very high risk high reward. I would definitely not put $400k into crypto unless you were prepared to lose it all. Maybe put some of it in if you wanted to and then invest the rest in safer options. I would probably even buy some gold/silver too.
And a house/land. If not as an investment then just a place to live. Inflation means rent will always get more expensive but with a house all you need to worry about is property taxes getting slightly higher. Unless the left succeeds in their Commie agenda in which case you also should invest in guns/ammo/etc

>>49387051
Every opinion contrary to theirs is /pol/ though as that's one of the few places it can be typed and not cause npc brains to fry.

>>49386472
imagine selling your grandpas house and buying mario coins for ir

>>49387656
/biz/ got flooded with trannies from reddit looking for a quick buck and /pol/ lives in their heads WITHOUT PAYMENT.

>>49386472
basically bro as others are saying here:

if you get $400k only put into crypto that which you are willing to lose 100%.

if I was to put 100k into crypto it would look something like this:

BTC - $50k
LINK - $20k
ETH - $10k
Small L1 Alt Bags - $10k
Random Shitcoin - $10k

you should definitely get some real estate with your remaining money, at the least.

>>49387902
this

>>49386951
liquidating family properties so the retard kids can blow the cash on stupid bullshit isn't based
if OP has any female sisters well kiss that money goodbye. they will spend it on mazda miatas and handbags
if OP has a brother, his brother is probably a stupid nigger like himself and will probably "invest" in some stupid bullshit
OP himself is super retarded for even having the gall to ask the question here if he should invest 500k "into crypto" (really nigga?) so it is clear he doesnt know what he is doing

all in all it is a fucked idea and the best thing these retard niggercattle could do is keep the property as a vacation home or even for one of them to live in fulltime.

this is why the niggercattle stay niggercattle. rich families accumulate properties so they have that as collateral for loans and as vacation homes for a better lifestyle and more options and freedoms to live as they please. OP literally thinks he is gonna time the market like every other niggerfaggot. baka, just baka

>>49386472
Store your money in gold then sell it after land prices go down. Buy land and build something on it that would make money for you.

aside from btc and eth, think you're gonna be just fine hodling NEAR in the long run. ecosystem's solid af, they've also got aurora as L-2 EVM so most dapps that are on eth can be brought to near's ecosystem quite easily.

Also keep an eye on BOBA during this crabmarket, it's also an eth L2 so once we see the Merge hype kicking off that'll also be bullish for the L-2s around end of summer.

>>49386472
>>49386659
>>49386698
>>49386730
>>49386762
>>49386865
>>49387044
>sell a home for magic internet beans
>sell real assets for ownership of outdated lines of code who costed nothing to generate
lmaoo
No wonder this is the longest lasting ponzi, with retards like you the shitcoin scam can last another decade... Fucking Christ, we need -and deserve- a full blown famine so you stupid niggers wake up from your fairy tales hypnosis.
You need to lose everything to understand you were in a greed fueled fever. And you will lose everything, it's an absolute certainty.

>>49386472
Put it into an even spread of Google, Amazon, Apple and Microsoft. If you desperately want to gamble then you can throw your 5% retard tax at bitcoin. People that pour everything they have into crypto are clinically retarded.

>>49389475
>t. seething no coiner faggot
Stay mad and priced out faggot.

Sucks, but what are you going to do with 3 heirs who want cash now. Sure, put 10-30% of your share into crypto, but definitely diversify instead of putting all your eggs into one basket.

>>49386941
>one of the last houses in the neighborhood that isn't a Airbnb. We will keep it that way for generations to come.
Keeping an empty holiday home is not a sound investment either. It's just a money sink. You will never cash out, you will never rent it out - so it's just a permanent drain on your finances. Do it if you think it's the right thing to do, but don't go parading it around on /biz/ as advice.

>>49386845
Entirely fair. That's the contingency he saved for during his whole life.

>>49386975
We are at the end of the dotcom crises, there's still big money to be made by being the right cryptos but you're 1000 time more likely to pick a lower than a winner. And yeah even buying btc or eth isn't a sure bet anymore

>>49390032
debt has always existed, imagine thinking debt is bad

>>49390561
>1000 time more likely to pick a lower than a winner
only if you're an utter retard. basically the best L1s out there are undervalued

>>49386835
shut up and listen to what he said you faggot you got roasted take it like a man

>>49389823
>t. golem

>>49390634
There's plenty of crypto with great potential that will fail because the team didn't marketed it properly or because an even better crypto took all its market.

By all mean if you know the obvious undervalued winners of 2030 do tell me

>>49386472
>am I about to lose it all?
Yep. For God's sake please get some input from a real financial / tax planner. !0% crypto would be good.

>>49387035
>admits to being a discord tranny
oof

>>49387035
I used to be on a very good discord channel that was ruled by a certain fellow named schloppy, but it was nuke. Do you know if it has a legacy?

>>49386472
if you go all-in crypto I think that's retarded. that shit can scamwick to the point where you'll probably get emotional if you're "new money". not sure i'd necessarily sell, but if you are set on selling it, split 3 ways between btc, boomer etfs, and a rental property for some income and i think you're pretty set.

>>49386762
I would follow this advice, just switching ALGO for LINK

>>49386762
>buying
>6 months into a generational bear market

>>49391360
>buy high

Hell if you inherit some property and you've already got yourself setup pretty sweet somewhere else you might as well sell the inherited land. What, you mean you actually have the time or god forbid want to pay someone else, to take care of it?. Most people the answer is no. If you've got a steady career already, dump the proceeds from the sale into an s&p fund and some in the bank and merely continue on as normal. Most people would be like "fuck you boss man, I'm quitting". Wrong answer. You've got a steady career already. Might as well tough it out to get all the money coming to you at retirement. At the end of it you'd be set for life and not have to worry about shit.

BITCOINU BSC IS LIVE, BIG CALLS INCOMING, NO FOMO!

tg bitcoinubsc
0x dd87022c1c1206fc0951051e424dbb527b953120

Don't be stupid anon
Split that cash up.
Spend half of it wisely
Invest the other half

>>49386857
>>49386941
based

>putting anything in crypto

>>49390672
Screenshot my post and print it out. Then frame it on a wall. That's the only thing you're going to have in 5 years if your entire portfolio consists out of crypto.

Why not keep the house and live there?

>>49387427
kek, don't listen to this troll, he shills centrilized corpo shitcoins and fuds the good ones.

>>49386513
another example of white privilege. this is why its so hard for minorities to make it in the west. the government should increase tax on the privileged to help those that are dispossessed.

>>49386472
Reminds me of a classical quote in Asia but also in the west. Maybe the middle East and Africa have their own versions.

Wealth doesn't pass three generations. Or,
Gen 1 builds it. Gen 2 expands it. Gen 3 blows it.

this is a bad idea and you will end up regretting it. stocks and bonds are much safer investments and are currently at a discount. you could literally just buy VT and BND and be set for life and if crypto does what you think its gonna do, you could allocate a small amount to it and still make plenty of money without squandering a lifetime's worth of earnings on a gamble. anyways don't say we didn't warn you. my conscience is clear now. bye op, you degenerate gambler.

>>49390032
I just KNOW you're a newfag from 2020 AND you bought the top. Real oldfags like me who got rekt on Mt. Gox have already sold off most of our holdings and are in cash waiting for the financial collapse of a century to buy real assets like real estate. LMAO.

Sorry zoomer.

>>49396138
"Shirt sleeves to shirt sleeves in 3 generations" is the saying. All of my money is going to go into a trust and my descendants are going to get a stipend as it continues to compound infinitely. I don't think I will be able to trust my (possibly) dumb fuck grandchildren. I'll make sure my kids are groomed as investors, money managers and business operators.

>>49396236
I should emphasize that they'll be trained to be PRUDENT investors, money managers and business operators.

Definitely sell and put it all into dumb shitcoins and go poor, this is the way. This is why you should always open a trust if you leave things for your kids, protect stupid fucks from themselves.

>>49396072
Sorry that we're just so fucking good, darkie. Theres a reason its called White Supremacy.