/biz/ - Business & Finance

>solid long term plan of gainful employment
Fuckin boomers

Your dad cares about you what a fucking pajeet

That is advice that a lot of people on /biz/ give. It has nothing to do with being a boomer it has to do with not being a retard and cashing you your initial investment so you literally have nothing to lose.

>>5224797
taking out your initial investment is pretty comfy though

>>5224797
>gainful employment
>happiness

pick one father

>>5224797
>please get a job instead of making me look stupid for wasting 2/3 of my life working

BOOMERS BTFO

>>5224797
>solid long term plan of gainful employment

>>5224797
Your dad legitimately loves you
Don´t be a prick

>cashing out in 2017 JUST before the biggest bull run in human history

>>5224841
>>5224924
>>5224928

This. Boomers are fucked for too many reasons to list.

>>5224952
>legitimately love him
>wants him to be poor
pickone

>>5224928
>i know we fucked your chances at making it as a wageslave, and you found a loophole out, but struggle anyways you little shit

>>5224797
My dad openly admits he should have listened to me and bought in 2011. I tell him to still buy and it’s the same old FUD. Whatever.

>>5224903
Funny to me that biz simultaneously advocates investing in crypto before paying off debts and taking out your initial investment.

>>5224928
I honestly can't tell anymore. Are people on this board just memeing to be funny or do they unironically believe that they are going to be rich and never have to work their entire life off of an initial investment of ~$1000 in crypto.

>>5224797
IM NEVER FUCKING SELLING

>NEET FOR LIFE

Sounds like your dad cares about you and doesn't want you to lose your initial investment. It's sensible advice, you literally lose nothing if you're just trading gains.

>>5224900
>have nothing to lose

That's a thermodynamic impossibility.

Why do boomers try to trick their own brain with math they don't understand? The more you sell, the less Fair, Future, and Universal Money that you have in the future.

>>5224797
I got news for you bro. 2.6 BTC ain't shit. You are still poor and you are going to die poor. Accept it.

>please focus on not being a useless fucking NEET
your dad loves u bro. better listen to him

>>5224797
>hit the bricks and give the manager a firm handshake
>that's how I bought my own home working a 9-5 job when I was your age

>>5225011
>>5225047
can you please hang yourself, faggot? thx

>>5224797
This is actually good advice.

I cashed out my initial investment when I was 600% up.

>>5224797
Seriously though, my Dad said the exact same thing to me last night.

>>5224900

Its fucking stupid. Its income generating capital and there is no value in having it sit 'safe' creating nothing at all. Also the remaining money is just as valuable, its not "nothing to lose". Its the type of advice a fucking woman would give

>>5224797
Why are old people such fags?

>>5224797
>OP doesnt know how to trim profits

considering all this bullshit isn't really worth anything, I'd say it's good advice

>>5225071
do you guys really sit around blaming the boomer generation for all of your problems? I'm 28 now, bought my own 200k+ house at 24, bought a dodge charger at 25, started my own business at 25, bought my mom a 90k jaguar this year and in the process of selling my business for multi-millions. Crypto gains are just icing on the cake. Grow the fuck up and do something with your lives you pathetic NEETs.

>>5224964
>JUST before the biggest bull run in human history
I hope so, then I'd be able to afford school and live comfortably

>>5225166
neck yourself, please

>>5224797

Your father is saying that the only guarantee on future income is employment. He's giving you good advice and you're being an asshole.

>>5225165
I don't know why any of this shit is worth as much as it is, but I'll happily make profits from it.

>>5225166
I'lll suck your dick for a litecoin

>>5225011

I unironically believe I can be rich off internet money.

>>5225194
MOMMY THE BOOMERS HAD IT SO EASY ITS NOT FAIR SO IM JUST GONNA SIT AT HOME AND DO NOTHING CAUSE LIFE ISNT FAIR WAAAAAAAA

>>5225006
>/biz/ is one person

>>5225166
Do you realize how cum slurpingly gay you sound?

>>5225006
Gotta strike while the iron is hot. I’d never take out my initial investment. This is the future. To hell with fiat.

>>5224797
Your first mistake was telling anyone about your gains. Now you're just a bragging tool to him whether you succeed or not.

Also he's not wrong depending on your individual situation. I'd wait until you have 100k before cashing out 10k worth of seed money, unless you already have a bunch of money also diversified across other assets. I mean, yeah, fuck wage slaving if you can avoid it, but /biz/ lacks proper appreciation for diversification.

>>5225222
i see sperg typing, but not necking. get to the necking part.

>>5225166
topkek
spoonfeed manchild detected
as if anyone could easily achieve this
try this in europe, a house for 200k lmao
also they rape you with taxes, let alone having a business

10k from 48k worth of BTC isn't a bad idea.
Split the difference for 5k from 48k isn't a bad idea either
Planning on doing something productive even if you keep every Satoshi in your wallet for 100 years is a a fucking brilliant idea.
Trading crypto and reading shit posts every day all day and all night on 4chan is not healthy.
Heck just sitting in your chair for all that will take 20 years off your life.
It will also turn you into a nihilist curmudgeon.
The purpose of life is life anon
Plan to go out a bit and live.

Dads don't want you to fall hard, take his advice as a sign of love and completely disregard it.
Your money, your choices.

>>5225166

thats great but your obviously a fucking idiot with this double layered strawman argument. Also most people here have probably wage-
slaved for years. You think you are daddy sensible on a board of 17 year old neets isnt that cute ya dumb fuck. I bet you think you are in better shape than every one else here too you fat fuck

>>5224797
Did you really send a meme to your Father?

He probably let a tear slip, blamed himself for failing to raise a stronger son. Harboured just a little bit more hate this bitter world for and what it's become. Dreamt of simpler times with you, for you. Always about you, Anon, he's your father.

>i hope he secures himself a house
>i hope he finds a loving wife
>i hope he gets a fulfilling job to enable his dreams
>i hope i've done enough to give him all i ever could

But you send him memes.

>>5225006
funny to me that this anon thinks /biz/ is one person

>>5225166
What’s your business? Sucking cocks? Let me guess, web dev? You make sucking dicks sound honorable fucking kike.

>>5225269
>spoonfeed manchild detected
Grew up dirt fucking poor. Lived in trailer parks and been on food stamps when I was a kid. Mom was a 17 year old single mother. I didn't say what I did was easy, it was hard as fuck. I'm just saying stop blaming everyone else for your problems and do something with your life.

>>5225276
this anon is also right thogh, but don't pull the brakes too hard.

>>5225344
nobody believes you are anything but a miserable sack of shit lying on the internet. kill. your. self.

>>5225166

This

Bizfags are pathetic jealous losers

>>5225327
Boomers gave the countries our grandparents died for to third world shit skins who hate us for being white. Fuck every single kike-enabling boomer on earth.

>>5224797
The market is doubling every week or two rn


Taking out 10k will cost you atleast 10k by xmas.

Wont be a correction until the new year.

NEVER listen to boomers for investment advice

>>5225276

> sit in a chair watching numbers and shitposting
> sit in a chair watching numbers and shitposting and having to deal with Mr Shekelberg screaming at you and Stacey being a bitch

>>5225327
also this quit the faggotry boi.

>>5225377
You seem really mad. I wonder why.

>>5224952
>>5225020

tihs, I'd bring out the belt if my son responded with memes and didn't have to courtesy to give a written reply.

You're dad has seen a lot of crashes and you may realize he's right, but only when it's too late. He could be wrong, but he's just trying to be safe.

>>5225038
>thermodynamic impossibility
Stop watching big bang theory and actually read a book.


Why do you guys even tell ur parents? I don't tell anyone but I vaguely tried to get my friends into it awhile ago

>>5224797
Reddit-tier post

>>5224903
>>5224797
It depends on your personality.
Taking out your original investment can feel comfy and reassuring that you can lose nothing but the time you invested.

If you are completely comfortable keeping it in crypto, don't have a stressful personality, and never make any reckless decisions, there's no reason to cash out any money you can use to generate more though.

>>5224900
>have nothing to lose
this is such a retarded principle
his initial investment isn't any more 'real' money than the rest of his portfolio. If selling is a good idea, it shouldn't be informed by how much he put in. It should be informed by how much he needs, and how profitable/unprofitable it would be to take it out of the market.

Forget your initial investment, it makes no difference. Make your decision based on logic.

>>5225327
Memes are how the younger generation expresses love. Get with the times, gramps.

>>5224797
>take your investment principle off the table
And then what? Stuff it under your mattress? He should've thought this through before giving his son advice.

Not selling here.

>>5225344
Anon you’re experiencing something called survivorship bias:
>HURR DURR I DIDNT GET LUCKY I WORKED MY ASS OFF. IF U DID HARD WORK UD HAVE MILLIONS TOO!!!

t. Lucky fuck who doesn’t realise how much of a role luck actually played behind the scenes and who now has a messiah complex due to “overcoming” his initial poverty.

Success is relative, to succeed someone else has to fail, the most intelligent thing to do is take the path of least resistance to financial freedom, for most of us that’s crypto. I made 300k this year CASHED OUT with virtually no hard work. I just bought 2k monero, cashing out half every year. Bought some mining equipment too. E-z gains.

>>5225166
>dodge charger
You fucking got me dude I'm dying

>>5224797
dad seem to know his financial shit

>>5225556

>>5224797
Your dad is giving you solid investment advice because he loves you and you rudely dismissed it to post a screen cap on an image board. Sort yourself out.

Old economy advice from pop. Make your money and get out when YOU need to get out. This is a once in a lifetime opportunity. Take it.

It's call taking profits on multiple levels are you retarded? Oh wait I'm on /biz/
All in
no stop loss
hodl

>>5225625
Pay off some debt. Put it in a savings account. Buy some stock funds. Buy some bonds. Practically any of the other responsible things you do with a healthy chunk of money that isn't earmarked for something else.

>>5224797

He's right. Take your initial investment now. I'd go further and take a little profit.

>>5225523
logic says you should take profit at some point

>>5224797
>Dad giving solid advice

I wish your dad was as good with money as mine was

My dad just asked "How much are you up" and when I answered "a lot" he start going on and on about how I should sell everything right now while I'm ahead

>>5224967
Can't wait until all the fucking boomers die

>>5225327
>a stronger son
>hands of steel
pick one faggot

>>5225011
>he doesnt understand blockchain

>>5225720
This. Your dad is smarter than you op.

>>5225523
B-but my infinitely inflatable fiat is going up r-right?

>>5225166
fagot

>>5225425
The dad never said anything as far as i can tell about being a wage slave.
He said have a plan of gainful.
yeah if anon can avoid the office cubical by all means do that.
I don't know
go in your garage and build wood furniture
Go on hikes make it a hobby
Mow lawns
Get a part time job selling burgers and fries.
Point being it isn't about the money earned from said activities
It is about fulfilling that innate itch and drive to be a person alive in the world.
Crypto may pay for anon's bread but anon cannot live on bread alone.

$10k how much does it make of your total investment? It is not too much.

Aaand there is always risk of losing quite good portion of it. You retard will never sell even though it slowly drive to zero expecting it to reach millions of dollar in future. It might crash in few days, lose more than %60 value and might take few years to recover. it happened before.

Taking reasonable portion at survival ratio to invest in """yourself""" is quite wise advice. If you are strong enough it is time to share the risk.

>>5225835
Right? The number of people I've talked to who's idea of if they got something like $50k was "quit my job" is staggering.

I mean /biz/ has become a lot more awesome since everyone started making crazy gains on crypto and actually looking at making their money work for them, in contrast to the daily "you can't beat the market" threads we used to have. Only problem is we kind of went the other direction and now everyone thinks you should drop everything in to crypto and has no idea how to take profit or what to do with their internet money.

>>5225487
>implying
It's a way to protect yourself from a black swan event. Tomorrow something that nobody could predict might happen, that crashes crypto by 90%.

1. All major exchanges gets hacked.
2. Land of freedom bans crypto.
3. Satoshi decides to dump his 1 million btc holdings.

>>5226306

Financial freedom to me would just be to get rid of my mortgage. Then I would be free to pursue more fulfilling work, instead of what I'm doing to make money.

I couldn't retire off of 200K, but my life would be a hell of a lot easier.

>>5225166
>Bought 200k house at 24
>Started business at 25
...... lmao where did the 200k come from you faggot?

>>5225011
I started with 1000 bucks 3 months ago and I have now 40k (40x). I could had 60x, but btc rush fucked me good.

I only need to 20x this amount of money to retire but I might aim for another 40x just to be sure. So yeah, with 800k (about 10 apartments I could rent in my country) I will never have to work again, boomer

If it's a minuscule amount then yes cash it out. It's the same as trading shitcoins, cash out 10% at 10x.

>tfw your dad is highly into crypto
>has you invest 20k of his own money
>end up turning that to 300k

Thanks /biz/ for telling me about IOC, and XLM. And especially XRL

>>5224797
I've took back my initial investment + a few hundred,left roughly 6k in crypto. Ain't gonna get big any other way.

Taking out your initial investment gives a bit of relief. Seeing the money return to my bank account was nice.

>>5224797
>Then the remainder is house money and if it vanishes it won't matter
I FUCKING HATE THIS SHITTY ADVICE. That's not how you fucking trade.
And I'm someone who went from $3,000 to $100,000 in crypto this year. Taking $3,000 out and saying "well now it doesn't matter so I can gamble the rest" doesn't help shit! It's terrible advice.

>>5225817
I didn't say he shouldn't. I said the amount you liquidate should NOT be based on your initial investment. It should be based on how much you want/need, and whether you think the assets will go up or down if you kept them in crypto.

>>5224797
>sending your dad a meme image with cursing
wtf

>>5226444
None of those 3 will be the the next big crash. It's either Tethers or just a snowball roll down the hill out of nowhere just like most crashes in history.

>>5224900
My initial investment was 700. Up at 1.7 now, rather take it out for a spin. Im not cashing until i make 100k. Then i will secure only 10k from that.

Crypto is the future.

>>5224928

This hahahaha

>>5224797
Your dad is right OP, you will learn soon...

>>5225817
You take profit when you think it will go down. You put more in when you think it will go up.

Selling your initial starting amount doesn't mean shit. Pick a fucking side: in or out, or sell half or a quarter and manage your risk but there is nothing remotely special about the amount you happened to put in.

It's terrible, retarded fucking advice and a retarded mindset.

If you go from $1,000 to $200,000 overnight, you shouldn't gamble the $199,000 you made just because you got fucking lucky. You should treat it as if you have $200,000 now and make the same investments you would if you had put the $200,000 in directly from your savings account.

But to OP, fuck you your father cares about you. Don't post his threads on 4chan and be respectful you whiny shit.

>>5226664

I think it's psychologically comforting to have your initial money out of it. If somehow everything crashed down to $0 (near impossible), you wouldn't feel bad.

I wouldn't think about taking out the initial money until you're about 5x up though.

>>5225407
You're a shill trying to use the boomer generalization in order to drive people further from parents who love them. Literally the same logic as white faggots who hate their family because theyre white lmao.


Faggot OP, that's your blood and this guy >>5225327 is correct. You should probably actually talk to your father and let him know you're at least grateful for the sound advice he gives you, instead of being a moronic faggot. Even if you took out half your principle it would be safer.

>>5226710
This. OP is a disrespectful little shit.

>>5224797
He is fucking right you faggot

>>5225523
agreed , it's purely sentimental

what are you going to do with your "initial investment" anyway ? Do you have something better to invest in ?

>>5226781
As I said here: >>5226766
You should treat all the money as if it came directly from your checking account and actively fight any psychological urges (this is not the same as 'gut' feeling when reading market sentiment) about your investments and do whatever is logical for you.

It just irritates me to see people say
>If I take out my initial investment, now all my trading is risk-free

>>5224797
You're a faggot.

One day your Dad will does, and you will remember being a cunt to him. The memory will haunt you for the rest of your life.

>>5226784
>fuck off kike
I can smell your kind a mile away

>>5226444
Good time to reposition holdings desu

>>5226870
Die*

Fucking phoneposting...

>>5226444
So hedge your bets, set real stop losses, don't hold heavy positions in anything, be appropriately diversified, etc.

>>5226444
Tomorrow a meteor could crash into your house or USD could hyperinflate into nothingness. How you gonna protect yourself from that?

>Calling your Dad a retard for being smart and telling you to cover your principal

Anon I think it's you who's retarded

>>5225344

Grew up dirt poor, stayed dirt poor

>>5226837
It's called taking profit you gigantic fucking idiot.

If you've made 100x your initial investment taking out 1% is not a big deal.

>>5225011
They unironically believe this. I stopped giving them advice a while ago, now i wait for the day of the wojacks and still have 20x my original investment in crypto with 8x in my safe at home. I crack up every time I see someone talk about hodling their 200k until it is 2MM. I assume that to be this brazen about the risk they are already wealthy or have no prospects other than mcdonald's or something. Still, a measured approach to taking profits in this market is what will separate the wheat from the wojacks.

>>5226727
>mfw thats literally my plan

tfw you love your son and give him advice with the best of intentions and he answers you with a meme

jfc

>>5227184

Seriously what a shitter of a son

>>5227184
>being so fucking retarded that you cant even address your own dad's advice properly, even if its shit advice.

if my son turns out to be an autistic faggot who cant even respond to his own parents without memes, i'm going to jump off a bridge for raising such a faget

>>5225327
>fulfilling
>job
Pick

Also doing enough would mean his dad took the risk op is taking too make it and not judging him for his actions....

Oldcels don't know shit about the world. They just want to jerk off their ego about their son the lawyer. What are they gonna say when their wagecuck colleagues ask? Nah my son is a NEET and making money from home? Lol Oldcels think that's a meme that's why they're poor and working on the Jefferson account for 70hrs a week while their wife gets tag teamed by the tradie and the NEET who weren't bound by their parents prestige cuck shackles
.

>>5227254
>>fulfilling
>>job
>Pick (one)

My hospice job is super fulfilling so sucks to be you I guess

>>5225166
If this is real, well done, anon. But you must remember that it is not the most usual thing. Do you really believe that we don't try? I've passed through some shit too (even worse than you), and I do still have my little successes. But not everybody can do what you (allegedly) did.

And of course, crypto isn't all. In fact, I mined BTC some years ago, but that HDD died (fuck, it hurts), so I started again a few months ago, now I'm just investing small amounts.

>>5227254
>bags groceries for a living
>calls all jobs unfulfilling

>>5226889
>attempting to get trips in order to validate your terribly elementary shilling tactic

how are you, shareblue?

>>5227294
I find looking at charts daily and making bank more fulfilling so different strokes for different folks. Most people here don't think like you.

It's great advice. You will become a much less emotional trader if you take out your initial.

Also stop showing your portfolio to your family it's a recipe for future embarrassment if the market does pop.

>>5227354
I don't work. Living the dream. Good job at buying the working brings fulfillment goyim. You'll make some rich kike a lot of money off your charity.

>>5227467
This. It may not be the perfect move objectively or in hindsight when you can evaluate what the market "did" instead of what you think it will do BUT it's hard to put a price on ensuring that your decisions about money are emotionless.

>>5227294
What kind of sick fuck likes watching people die

>>5225407
Eminem hates being white too

Oh wow a father who cares about you.

OP your Father is correct.

Get a trade. Carpentry or electrician etc

You need to understand boomer lingo and boomer psychology. "Solid long term plan" means 1) you need to see the future so you better not make any mistakes and somehow you need to achieve success despite taking no risks at all 2) whatever you're doing regardless of its level of success is unacceptable because they have a loose and undetailed vision for what you should be doing in their head that probably fluctuates hour to hour. They can't fully appreciate that if you attempted to follow this vision in their head 99% of the time it would fail because its formulated on flawed premises that barely applied when they were in their prime years, let alone now in an enormously different economic and global landscape. Their psychology is pretty much this: they grew up in the most prosperous period of the U.S. with fiscally responsible parents forged in the Great Depression, as they grew up and gained power they cannibalized the dollar to keep the party going. They had opportunities that will probably never exist again, due in part to their actions. They created the economic Hellscape that is modern times and yet seem to blame the next generations for not being able to navigate it in the same ways they did. Nothing sums the boomers up quite like arming the Taliban in the 80s, having those same people fly planes into the WTC on 9/11, sending millenials and later generations to go die in the wrong country as a result, then return them home to an economy that was as ruined and broken as the Depression, then proceed to call that generation "entitled." Anyone with any knowledge of economics and history can look at what happened on the boomer's watch and see everything happening now is a direct consequence. So 1) dismiss almost everything they say, because they'll package the worst advice in the world as compassion, then piss on you when you follow it and it doesn't work out. 2) take intelligent risks, make mistakes, learn from those mistakes, and adapt to current conditions.

>>5227948
lmao someone has daddy issues.

>>5224797
Lol my boomer dad said the exact same thing

>>5227948
>whatever you're doing regardless of its level of success is unacceptable because they have a loose and undetailed vision for what you should be doing in their head that probably fluctuates hour to hour.
Truer words never spoken.

>>5227948
This. Can’t wait to see boomers die in hell hole nursing homes that they created to house their dying parents. God it will feel so good to see them cry and moan about their ungrateful kids just leaving them to waste away in this hell hole. I hope they know how much worse they deserve. But I doubt it. There’s no creature on earth more entitled than the boomer.

>>5227606
>likes watching people die

Enjoying helping people have a comfortable end to their life isn't the same as enjoying seeing people dying

>>5226549
This faggot probably paid 5% down or less on his house and will be fucked over by CitiKike for the next 30 years.

This guys either larping or swimming in debt and is only three bad months away from losing everything he has.

>>5228357
Just trolling bro. Wouldn’t mind something like that myself. Are you a nurse? Good salary?

>>5225228
>>5225331

Don’t pretend these emotional ladies who take out their buy in would tell you to pay off debts before investing in crypto. It’s not a rational decision and you know it.

>>5224797
He's right. You should cash out your original investment.

>>5228427

Gonna be one soon, just an aide right now. Talking to the nurses I know pay's decent. It's a lot more relaxed and laid back of an environment versus a nursing home or a med surg floor. Home visits are pretty nice too, get to meet a whole bunch of different people. You'd think hospice would be super depressing all the time, but there are a decent amount of people who accept where they are in life and are really upbeat about everything. The last week or so when the body is beginning to shut down is always pretty hard though

>>5225448
You'd also never see your son again you abusive cunt.

>mfw good luck sleeping safely for the rest of your life without the door locked and a gun under your pillow.

Why do fucking boomers also resort to violence? Most narcissistic generation the world has ever known.

>>5224797
>Destroying your relationship with your parents over imaginary internet monies

Eh, the "house money" meme is a little shitty because it ignores opportunity costs, but it's not terrible advice depending on how much 10k would mean to you.

For instance I'm gainfully employed and more than cover my expenses with my salary so I don't need to cash out my initial investment, crypto going to zero wouldn't ruin me. But if you would be ruined by it then it is good advice.

>>5228731
Yeah I just watched my grandma wither and die and it was hard as hell to watch. Still would feel good to help these people in a really hard time. And facing death everyday is sort of heroic imo.