/biz/ - Business & Finance

I'll buy me 1 million cheeseburgers from the Wendy's dollar menu.

>>51313653
i'm worth like 1.5 million. it's just not that much money for a family. i still need to work, and will until my mid sixties or so. i really like where we live so i don't want to move, but it's expensive. we have talked about cashing out and buying a tract of land somewhere and not working for a while but it's scary to me to not be employed. i'd do it in a heartbeat if we had maybe 5 mil, one million just aint what it used to be.

>>51313653
Fuck a bunch of escorts and then just drive around the country eating chicken wings and ribs

I'd waste it all on frivolous shit because it's gonna be worthless in a decade at most anyway.

Two chicks at the same time man

I'd buy a 200k house and invest the rest.
I wouldn't quit my job or increase my quality of life.

>>51313653
I could dump that shit onto Robinhood, not even invest in anything, and still be raking in 10k to 15k a month on their brokerage interest and that would still be a better deal than trying to play kike games with this clownworld market.

move out of america when the war in ukraine ends, buy 200k ethereum, put the rest in savings until inflation gets significantly lower and jpowell pivots on rates. Buy a small house in either france, austria, or switzerland. Call it a day.

>>51314042

> 1% interest a month

Source? Don't bother if it has to be in some shitcoin.

>>51313966

Bob ain't rich and he don't do shit. Just lives in his trailer.

>>51313980

Where would you buy the house? You can only get a 200 house in a flyover an hour away from the city nowadays.

>>51313857

That seems to be the consensus, which is scary shit, since most people won't ever save that much.

>>51313653
all in SRS

>>51314158
yeah we are very fortunate and have cushioned lives but I have never felt rich. I think we live more frugally than most people who are less well off than us. no nice vacations, an older car, we don't have nice clothes, etc. I don't get how a lot of people are even making it desu.

>>51313653
I'd build a house
Been living in a glorified tent for almost three years now

>>51314158
Disregard me. I'm an idiot. Robinhood's thing is 1.5 APY on uninvested brokerage cash, meaning 1/12th of that a month, give or take, roughly totaling out to 15k a year.

>>51314444

Well, Kek (may his name be memed), blesses you with his digits and confirms that you are making the right decision by not acting rich. I do think you could risk retiring on 3 mil though, as long as you are going to be working on something. 3 mil is probably enough to get your kids through school and all that, barring emergencies, assuming you have less than 2, and living in a flyover. If you are in a high COL area, then yea, it's probably 5.

Thanks for the discussion - making this thread to make sure my "pulse" on what money is worth is at least somewhat accurate.

>>51314573

That sounds about right. My understanding is that you should be able to get a "safe" 4% post inflation, though it would be less in this climate and then average out.

To be fully honest, I don't ACTUALLY know what instruments do this reliably. I have heard "REIT"s, and "SPY", but SPY is obviously volatile and I am not sure what stocks straight up pay 4% + inflation in dividends. Supposedly some mining stocks do, but again, I don't really see them.

You can also get decent rates on ETH, but there is the slashing. ALGO too, but it's highly variable and ALGO is just not something to put a million USD into. Hell, even ETH really isn't if it's for "stable income."

Can probably get that on rentals, but that's far from passive and ALSO carries risk.

>>51313653
>What would you do if you had a million USD now?
if my poorfolio goes over 1mil usd (again) than im going to do what i did last time and not touch it and hope that it stays over 1 mill for more than 24 hours. highest i got was like 1,116,000

>>51313857
You could make 6 figures in dividends off that. If I were you I'd just work part time and focus on my investments/enjoying life.

>>51313653
Quit work, Give myself 50k/year for the next 20 years and then kms after

Stake 400k using $DEO to grow $DOT and $XOR bags in order to sell them after the inevitable pump. I'd also probably hire a high quality, highly qualified financial advisor to do the trading for me since I'm kinda tired of that game.

hire the most expensive hooker in the planet

>>51315079
Why don't more people consider getting professional advice from professionals? Why do so many people resort to reddit, twitter and 4chan to seek said financial advice?
>It costs money
Anyone with enough money to buy some nft or "ape" into a project certainly has enough income to invest in someone that might just quadruple your shit.

Buying gold is a meme that relies on emirate richfags buying gold in order to keep their shitty tradition mandated appearances.

>>51315096
Pride. Pride and degeneracy.

>>51313857
Retarded fud post. 1.5 million is plenty if you're not a dumbass.

>>51315144
>>51315096
>>51315079

Financial advisors can only meme "Max 401k" and "Put it in a target fund." At 1 mil, you will NOT find a qualified financial advisor.

>>51314681

At least it's a clear plan.

>>51314657

Bullshit. See above.

>>51315238

Describe, in detail, how you (and family, if any) would retire on $1,500,000, for educational purposes. Keep in mind that kek blessed him here: >>51314444, so burden of proof is definitely on you.

Start a small company making coomer games.
Start a second one selling ghost written romance novels to sexually frustrated middle aged women.
Use the 2nd as cover for the success of the first.

>>51315330
i never said it wasn't plenty man, but I don't know how i could retire and do nothing. if it was just my wife and I then probably, but i have three kids. I want to pay for their college and hopefully help them get started when they are having a family. Also, do you know how much fucking insurance is for a family of five??? 1.5 mill is plenty in the sense that we have great lives and don't worry about money, but it's not enough to just quit working and do whatever.

>>51315330
Describe in detail me killing you with a rock and raping your dead body

>>51315096
because "professionals" are gay losers
>>51313653
fuck bros I wanna eat that bar

>>51313653

Buy AEVA stock

>>51315523
you reach for the nearest rock. it's slightly larger than your palm. you can't do this you tell yourself.
>but you must
you find a bigger rock. make this clean. you bring it over your head, and you make direct eye contact. you hesitate. you almost stop
>you close your eyes
you bring the rock down with all your might. a clean blow. you lose your breath. you have done it.
>now finish the job
you bring the rock down again and again. each strike more violent than the last. you're covered in a fine mist of blood and bone and sinew now.
>you're fully erect
you slide your throbbing penis over and over into the body. holes you have made. holes that were already there. you don't care. you ejaculate. ejaculate profoundly. you will never feel this sense of gratification ever again
>fin

>>51313653
I legit had 5 million $ at the peak in 2021, and I thought just hold for another week for 10 million because 8 figure sounded so comfy and warm, mid low 6 figure hell now, greed is a hell of a drug.
Some days I wake up and stare at the ceiling for an hour fantasizing about commiting sudoku and trying to understand how someone like me who grew up poor as fuck and is still rentcuck low middle class right now, didn't cash out 5 million...

>>51315343

> Start a small company making coomer games

What's keeping you from doing that now? If you make something really good, there is a market. I have considered it, the only thing holding me back is "is that really what I want to do with my life". Genuinely, if the answer is yes for you, don't use the capital excuse. I am sure you can find help with coding and pay cheap artists at a start. Literally no excuse.

>>51315476

Dunno if you meant to quote me or the anon doubting that it's enough - I agree with you.

>>51315523
>>51315812

Thank you anon. I was about to write something, but you have me covered. See if you can work with the game anon >>51315343.

>>51313653
I'd go to a lawyer, create an opaque shell corporation to avoid taxes and then live the good life.

>>51315912

Ouch. Honestly, I think $3,000,000 is where you should pull it unless you are making over $500,000 a year. Pull it and see what you want to do "once it's real".

Hopefully you recover, good luck.

>>51315330
I have 1.2MM and I feel the same way. The only way to do this is to not pay any tax and max short term and long term capital gains to 40k and 80k respectively, since both are taxed at 0% up to that limit if you're married.

At 1.5MM, you have to do meme shit to max the short term capital gain bucket such as QYLD. If we assume 12%, you would need $333k in QYLD to max your short term bucket at 40k. The rest of the 1.167MM would go in a split between VTI/QQQ and you would have to riskly withdraw 5% (instead of 4%) each year to fill the long term capital gain bucket. That would yield $58,350, so you still have room in your long term bucket. You need 1.6MM at 5% (risky withdraw rate) and need 2MM at 4% in index funds to fill up the long term bucket.

Looks like 1.6MM + 333K = 1.93MM is the bare minimum to make it, and even then that is some risky shit with QYLD and a hefty 5% withdraw rate on the index funds. Safe would be 2MM-3MM.

Remember, 0% tax on 40k+80K = 120K, which is nice. Now remember, in order to clear 120k with a job, you would actually need to make $180,451 if you assume a federal and state tax rate of 25% plus 8.5% FICA. This is a perfect example of why you will never make it by wagecucking.

>>51313653
>What would you do if you had a million USD now?
i'd buy for 10k bitcoin every week until 80pct of my money is in and the last $200k i would use to travel around the upcoming 10 to 20 years.

>>51315238
t. poorfag with less than 10k net worth

>>51315096
If financial experts were so good at their jobs, then why are they still working and not retired?

>>51315812
Impressive.

>>51313653
All-in XRP

>>51313653
I’d wait to see what BTC does and start to slowly enter anywhere in the 17,000s and below. Maybe 60% BTC, 20% ETH, and 10% each for two alts that are in the top 20. I’d set a 5x goal and if those numbers start to line up in a few years cash it and live off the 250k a year at an average 6% return.

>>51313653
eat before MEAT is forbiden. trip to Japan for their wagyu beef

>>51313653
Thing is you have to live somewhere. Renting is no good so best bet might be buy 2-3 units, live in one and rent others out. Easy to keep an eye on things and you now have passive income. I would then work my job and save hard for the next purchase. The aim is to grow your passive income.

>>51313653
Vertical farming
> De-regulated green energy

invest it all in IEMG and VWO, then fuck off to greenland and live on dividends

>>51313653
all in bitcoin no joke

>>51313653
I reached $1 million net worth last year right before I financed a house and new Tesla. Purely coincidental though because I would've done it regardless.

>>51315812
this is why i come here

>>51313653
I think markets, including stocks, commodities, PMs, and real estate are all going to go down further. We have at least one more round of interest rate tightening left this year and I don't think we're going to see the bottom just yet. Stocks are forward looking and will probably bottom before shortly before the last rate hike. Real estate lags and will probably bottom 6-12 months after the last rate hike.

If I had to buy something right now I'd probably YOLO all-in on RIO, because I am confident it will weather the international economic storm and keep paying fat dividends for years to come. If things even go moderately well 1m could be retirement money with RIO, and the company is big enough that buying 1m of shares is realistic.

I don't give a shit about crypto so I don't even factor that in.

>>51322027
No u

It seems like no one is retiring on one mil.

>>51321359
Wise

>>51313653
I retired on 400k in bitcoin in October 2021 at the age of 42. It's now down to $140k but I am still retired. I earn 17% on my money.

>>51313653
I’d go all in on LUNC.

Assuming it's $1m in addition to what I already have, I'd start a business, most likely in something industrial (food processing, textiles, etc).

>>51313653
Currently worth around 1M USD and a bit.
4 years ago, I moved to a 3rd world country, I just do the same thing I always did, sit in my room, on the internet all day, and get food delivered to me 3x a day. Escorts once a week.

I don't think I spend over $20,000 a year, so I think I'm set?

>>51323367

> I earn 17% on my money.

>>51323454

You are / should be. What country if you don't mind? Do you have any hopes & dreams and all that?

How often do you get tested?

>>51313653
>200k to pay off house
>put the rest into stables, collect interest from lending
>continue working

Pay off my mortgage and start a business, 1mil is nothing in switzerland but it would be enough for that.

1 million is enough to retire. buy a few franchises and live off the passive income

>>51313653
I would put them in Vinu just to get even richer by skipping the fees, it's the most I will have to my fantasy of not paying taxes

GICs are paying above 5% in Canada,
take that 50k incoom and retire in latin america and reinvest some for the next bull run

>>51313653
I'd pay off my house and build a dope greenhouse to have year-round fresh produce. And weed.
Invest the rest.

I retired off 1m. Already had a couple houses, they just married a high earner for cash flow. Still have my 1m.

Farm stablecoin positions on yield optimizers like Beefy, Vaporwave and Autobark. Earn passive 10% APY. Use time for self improvement. Can't retire but I can work part time when needed.

>>51313653
>pic related, roughly a mil usd
A mil in gold is like 18 kilos right now, is that bar really near 18 kilos? Also yeah if I had a million USD right now I'd probably spend a few years fucking girls in the 3rd world and just put most of it into investments which will moon while I'm fucking.

Set up an Eth validator and be funny online forever.

>>51313653
I would bet on Avax and ETH to lead the race
I'll also Dca on XPRESS and FTM rather than throwing money for some shit coin

>>51313653
Buy house + citizenship in a Caribbean shithole, spend money to fill that house up with hoes. When it runs out, sell the big house, buy a small place instead and live the rest of my life comfy

>>51325745
I'm getting higher APY staking my XPRESS on the network at about 102% dynamic. They also have a fiat feature I'm already studying that

>>51313653
Would be crazy to put in a million dollars in a shitcoin though. It's a win all lose all situation. I'd rather have it on projects that have better potentials. Payment projects, CEx tokens, blockchains and the likes

>>51327399
It's not rocket science. It means you can transfer your money to their app and use it to explore their NFTs marketplace as well their crypto payments system

>>51327363
Granted that these are solid ones. I'm still a bit tempted in favor of shitcoins. The ROI would be crazy man

>>51314158
tf, reddit spacing in a bear market. welcome to 4channel newfriend

>>51327498
oh, bish is dis for real, then I am in it to win it man haha gotta grab some more before it blows up

>>51327532
Most likely, you haven't encountered a setback with shitcoin until you shit your gut out

>>51313653
Get it in the gold bar, put it in a fucking box and bury it while i wear a pirate outfit.

Imagine taking it in fiat and re-injecting it into the (((financial system))) and paying (((taxes)))

>>51325232
based green pill

>>51313653
I would use that money to make my life good, and if something remains I will use it to fight globohomo. I will also invest some of it.

>>51327788
Oh sure. Shitcoins are the worst. But when they pump, it's usually crazy af

>>51313653
I'm going to invest that in alts like Coti, Xpress, and Fuse that have similarities regarding the crypto payment gateways. I'd also want to invest in real estate as I believe it's the future. What do you think kek?

I would probably put half in it in XRP and ICP and use the rest to buy a new home during the housing crash. If I see a war imminent then some will go into Lockheed etc.

>>51327472
>I'd rather have it on projects that have better potentials.
Privacy projects. You forgot include that

>>51321359
That's a mediocre approach. There are several altcoins to look at. It's a long list; ETH, METIS, RAIL, SNX etc. If you're still putting all your eggs in one basket, then you need a brain check.

>>51313653
I'd make a really nice sandwich.
Then I'd sit on my comfy chair, maybe listen to a little music, and have a nap

>>51327820
You need to read the parable of the Three Talents.

cocaine and hookers

>>51313653
I'd use 50% on real estate then I'd earn passive income on the remaining money by LP mining on Sylo and yield farming on Convex.

>>51315584

this

>>51324904

> a few franchises
> passive income

One franchise is a full-time job, though it does look 30% ROI is possible0. However, if you look at franchises right now - they can't staff, stay closed all day, and lose revenue left and right. Also, the "$150,000 - 300,000" startup costs are bullshit, since just the land is the tail end of that.

Are there any good automotive franchises? I might be inclined to start a brake/oil shop just so I don't have to change my own oil.

>>51325065

What's a GIC?

>>51325823

4% is not beating inflation 1.

>>51327589

Shut up newfag, I was here all summer, pool's closed, Poole's gone.

0 https://www.franchisecoach.net/return-on-investment/
1 https://www.stakingrewards.com/earn/ethereum-2-0/

>>51327532
You can still get decent ROI from low risk pools such as ORE/ETH LP rather than taking your chances with shitcoins

>>51327498
Sounds good but I think account protocols with a single and universal ID for all crypto assets including NFTs is a more significant utility

>>51327589
based new fag police

>>51313714
enjoy waiting 6 months for the special order. Kek.

I would eliminate all debts for myself, parents, and siblings. Turn the rest into PMs/land.

>>51313653
gtfo of america

>>51313653
I recently came into possession of 200k in cash and 1.3mil in annuities/structured products. I'm not doing anything with it until next year assuming there is a big crash

>>51323367
Not a yield chad. My way to stay afloat is metastaking Ride on the Maiar dex for 25% APY.

>>51313653
Hire Hitmans to kill all politicians and central bankers

>>51329833

>>51329344
Crypto payment is the future and there will be a huge improvement in that regarding security and reliability. I'm talking in general.

>>51313653
Invest in a diversified monthly/quarterly dividend paying stock portfolio
Being conservative - let's say that gives you 70k USD a year... I have some safe monthly paying that generate 15% but none the less you get 70k USD a year every year assuming the US economy doesn't just disappear - 70k USD a year outside of 'developed' countries gives you a lifestyle of adventure and luxury if you are smart or just an average life without work if you are dumb....
Idk where yall at but I am in Canada and 50% of capital gains is taxed so you would be taxed on 35k and if you just declare self-employment and write off expenses as you travel and chill you could be getting an extra 5k a year in your pocket from taxes...

>>51334578
Crypto payment is definitely a need and it's a good thing I can make micropayments on the Sylo messenger at the comfort of my couch without extra procedures.

Like total or extra?

If Total... wonder where the rest of it went.

Extra DCA mostly major equity indexes, maybe some BTC/ETH, hookers, 5% gold boomey rocks or something.

>>51313653
It’s not until you get a million dollars that you realize it’s really not a lot of money.
I mean it is, I never have to worry about money again. But I can’t retire, I can’t buy my dream house, it’s no where near fuck you money.

>>51338116
This. I have 5 mil and still feel like small fish.

I remember a long time ago when I was in boarding school in the EU I was one of the “poor kids” I had like 2k EU for the semester to spend on whatever I wanted.

I remember a friend of mine accessing her bank account out there and in it was 10 million Euros. When asked if that was her family account she said it was her personal account. This was 10 years ago. An 18 year old girl who paid me to do her home work had 10 million to do whatever with.
Lol

I will stack up _SYS_ now, considering its fundamentals, partnerships and strong ecosystem, sy.scoin will definitely hit 100x in the next bull run

>>51335347

We already established that withdrawing more than 4% a year draws down your principle. And while that's the rule of thumb, we are yet to find anything "semi-safe" that pays over 4%. "SPY" is the closest we got.

>>51337891

Thread is for total.

>>51338116

>But I can’t retire

The commonly accepted view is "4% safe post-inflation" as mentioned above. You could, in theory, retire on $120,000 / year.

>it’s no where near fuck you money.

Right, it's humble middle class without working money.

>>51338314

I used to think I was going to get audited when I started making $40,000 a year because it's "real money". Oh me.

How did you get to the 5 mil? And again, you could retire on 5 mil.

It doesn't really make sense for you to work for someone unless you are a surgeon or an Architect at FAANG.

>>51327833
checked

Looking into _SYS_ right now since it still hurts to have missed the early ETH days. With the help of the blockchain-powered by
sy.scoin, web3 developers can create scalable projects today. So I see _SYS_ as a profitable venture and a good one to go into.

>>51338496
All my family members died tragic and untimely deaths and I’m the last one. I was a wagie until this year basically and am trying to comprehend what to do with this money.

Single dude in his 20s. It feels like I’ve been given a dangerous weapon. It feels like I have a responsibility to do something with it idk.

>>51338648
Save Europe from Africa

>>51315584
Would rather stake on spool and be happy I did

>>51338648

At that amount of money:

1. $4,000,000 into SPY until you figure shit out (though maybe do hold cash until next February in case "da mega crash" is actually coming). Or maybe 3.5 into SPY, .5 into something entirely safe.

2. Figure out what the fuck you want to be - sure, $5,000,000 is not "fuck you money", but it's enough to become a surgeon, start a business, become a pilot, or do whatever the fuck else you want (again, other than throwing money at shit).

>>51338314
>This. I have 5 mil and still feel like small fish.
dude I don't even have 1k

>>51338659
But I need even more money for that. That’s the problem. How do I turn 5 million into 100 million?

>>5132030>>51316066
>>51320303
All in stablescoins rather,

>>51313653
I'd live comfortable in California for 2 months.

>>51321359
Why?
>>51323302
The game is just getting started , not when staking Stablecoins is alluring

>>51338702
Most of it are in securities that my family has held for decades. With the market how it is part of me wants to liquidate everything but on the other hand I’m very patient and playing the long game anyway.

My only goals in life are to either become a house husband or a philanthropist fire fighter that runs for political office and is probably eventually assassinated.

I’ve been dissatisfied, unable to do anything trapped in the wagie rat race for so long. And now I’m close to be able o to change something but still so far away.

Despite the supposed stability of all my assets it feels like I’m holding an enormous water balloon in my arms that just keeps growing.

>>51338750
Bitcoin will never go away or become irrelevant. Screencap this.

I will invest in _SYS_ because I believe the time for _SYS_ to experience another huge pump is near. I'm optimistic about the _SYS_ functionality and use cases. The project is ready to skyrocket as more potential projects are onboarding on the sy.scoin ecosystem.

Please don't tease me unless you're going to help me make it happen.

35, KHHV, with only 100K saved so far. I feel like a failure. If I had 1MM, I'd all in on some Vanguard dividend ETF and never look back. Even if it halved, it'd still be enough for me to live off 4% divvies rule.

I'd restrict my living expenses to about 20K per year, and basically be freed to live anywhere in the world. Each year, I'd move to a new apt, and live out of a backpack kind of like I'm doing now except I'm at the mercy of my employer and my time is theirs. I desperately want to go visit my online friends and just hang out with them IRL. I'd finally be free to become a real human being. I'd probably return to work after a few years of this, just because of boredom, but at least it'd be my choice.

>>51338314
Would you be interested in investing in a potentially lucrative software venture? As much as I want to be financially independent, the next best thing would be working for myself actually on my ideas.

For reference I have 7 years experience developing software and one of my partners is a JD and PhD (lawyer and doctor) he also holds two master's degrees. We just need the security underneath us to free us to get things done. I believe he's already a millionaire from medical device patents which he receives royalty from but I'm a poorfag with only 100K saved.

i would put at least 300k in Matic because its currently partnering with the biggest companies in the world and powering the top defi projects, and the polygon chain recently passed the 2 billion transactions milestone

>>51313653
I'd spread it over 25 years. 40,000 dollars a year isn't much but it guarantees you'll never have to work, meaning i can invest my time in whatever i like unconditionally for 2 decades with some fucking around time.

>>51313653
I'd go in on new innovations in the metaverse. One that has been on my mind for a while is holoride which brings unique entertainment to in-car users via VR tech.

>>51315096
Because people on the internet aren't wealthy. Their interactions with financial advisors consists of talking to bank wagies who tell them to max out retirement and put the rest into index funds.
Poorfags have no idea about managing wealth because they never had anything to manage. They don't understand that managing wealth is an ongoing process and it needs qualified professionals who don't work for free.

If you want to manage your wealth you would start with a lawyer (he will help you set up a corporate structure with companies and trusts), then a financial advisor (he will help you minimize taxes and preserve your money), and finally a good accountant who will deal with transactions and tax filings.

Financial advice on twitter/reddit/biz is the best example of dunning-kruger where people confuse superficial knowledge for expertise.

>>51340357

>Their interactions with financial advisors consists of talking to bank wagies who tell them to max out retirement and put the rest into index funds.

And that's all you are going to get sub-10 mil.

>>51315584
No thanks the company's logo looks too much like an abstract merchant lol. I I knew something was off about this

>>51313653

fwiw I have about 14mil and make 10k/day with staking and it's very isolating.

>>51340357
unless you are rocking royalty checks or some kind of steady heavy income it seems silly to need professionals to manage a pile of money

>>51313653
Pay debt buy land

>>51313653
I have mixed feelings, I live in leafland but I don't want to stay in this country. Some states in the US would be ideal so maybe spending 1 million on a investment visa would be worth it, but it seems like I need to somehow hire a dozen or two fulltime employees and I don't know much about that and risking 1 million to do it seems dangerous.

I want to retire as well and work on my own projects/hobbies, and I could do that in leafland with $1million, I spend $30k/year usd on my cost of living, so that would more than cover it.
Although I may work for a bit more before quitting because I want to have a higher quality of life, living in an apartment sucks.
Having 1 million would give me a massive savings rate if I was still working, it would basically be like almost doubling my income, and if I'm able to dump all that back into investments/savings it would improve my chances of surviving a bad market.
I'd try to save enough to buy a nice house in cash, or get a down payment on it and pay it off aggressively while I work and then retire when it's paid off completely.

Or maybe I'd travel a bit for a few months to see what's out there. Cost of living in Thailand is cheap, but I hate crowds so idk if it would be worth living there long term, being around non-english speakers and not being able to interact would be isolating, but it's not like I do anything except sit in front of a computer all day anyway.
Maybe I'd change that about me, in retirement I could get 100% focused and dedicated on nutrition and fitness until I was physically attractive.

>>51313857
The eternal wage slave just wants to get back to waging

With $1mil I'd just go 50% BTC, 40% ETH, 10% alts. $1mil is not enough to stop working these days unless you go van life or something retarded and cheap. But even just a 2-3x would be enough to make it.

I retired last year at $4.2m NW, now worth about $3.6m, but DCAing it all back into crypto over the next 2 years. I only spend $60k/year so as long as have $1.5m in stocks I figure I'm good. The rest I will convert back to crypto.

>>51313653
All in dividends then NEET for the rest of my life in some shithole or with my parents, as long as I'm 'making money' they wont care.
Some of you guys in this thread have pretty high standards huh

>>51327399
You are getting apr on a shitcoin. I am getting apr on stables backed by dollars. These are not the same.

>>51341285
Based. Plans on what you want to do? 11 mil more and you are top .01%

>>51341645
What did you do for taxes? That’s at least 1MM in taxes even long term capital gains.

If its strictly 1,

diversify into major asset classes One Real Estate
Stock/Bond Mix
Rest some BTC/Crypto.

Set up your base go from there. Work on getting the next mill. So study some skill and stack more money ontop of your cap base.

>>51342001
That's post tax, I paid almost $3mil in taxes last year because it was all short term gains.

>>51313857
>wherever I go, I must slave for shekelberg
Good goy.

>>51313980
>I'd buy a 200k house
Where can you get a time machine for $800k?!

I would pay off my house (360k), make a few upgrades to it with another 100k or so, and set the rest aside in some way that would generate interest/income. I would feel completely free knowing I could just maintain my current lifestyle and dedicate my time to my interests and not have to worry about the roof over my head ever again.

>>51313653
Would use 800k for physical assets like estate and the other 200k, i'll stack more BTC,ETH, MATIC, VRA, and SYLO to the ones I've got already.

>>51313653
buy a plot of farm with my own water source like a river and start selling my brand of hipster shit or start my own carbon offset company and make billions

>>51315238
not in a few years with this inflation