/biz/ - Business & Finance

>>56042579
You absolutely can leave it in crypto retard

>>56042579
>someone can easily rob you
I have over 450k in my bank account (about 200k liquid) and walk around with about 10k liquid cash with no problems. I also don't flaunt my shit in the internet for clout so I guess that's why I'm good

>>56042579

if you count speculation as being part of the rat race, then yeah its hard to leave. personally i enjoy trying to guess the future. I dont understand how a retiree can calculate their autopilot safe withdrawal rate and then go play golf/watch football and truly never think about the market for years at a time. that kind of life seems pathetic

>>56042579
Invest everything into VOO and live off the dividends.

>>56042605
10k in your pocket is significantly safer than 30k on your wrist
A Rolex literally says "hey there's a car or cheap house, right here, on my wrist, the only thing between you and this watch is me and if I don't look armed well...."

>>56042605
that’s exactly what you are doing now you literal fucking retard

>>56042579
https://www.youtube.com/watch?v=rJjKP8vYjpQ
most of my financial advise is going to be from movies

>>56042654
Mine is a better version of this, invest the windfall into VOO and live off the dividends.

>>56042579
crypto, silver, stocks, bonds, realestate, and a boat to live on.

I’m a temporarily embarrassed millionaire, so I don’t have to worry about the same problems as everyone else

>>56042631
How you dumbfuck? You don't know me lol go back to sucking your dad's dick little boy

>>56042705
boats suck, you have to clean all the green goop that forms over it, and it constantly moves it's like constantly being on a seasaw

>>56042579
funds, dividends, FDIC insured banks with no more than $250k liquid in each, (although that’s still far too much imo). hard assets and a little pocket money.

>>56042605
why the fuck arent you earning 5% risk free in a mm account or something?

>>56042579
You put it into bonds or other things that pay dividends, and you live a comfy upper middle class lifestyle on the payments.

>>56042579
Dividend ETF and a cash buffer, then relax. You're overthinking it.

>>56042925
>Dividend ETF
Which?

you absolutely can leave it in index funds and live off dividends forever

unless you mean like, how do you live if you want to eat high class food every night and fly in your private jet and shit in a gold toilet, in which case you're a fucking idiot and it doesn't matter what you do because you're so stupid any amount of money you happen to get is going to be wasted

>>56042579
What do you mean by "escaping the rat race"?

I think when most people say that, they mean living without a job or with a low-stress job. Once they have enough cash, they buy stocks and bonds, hold them for the long term, and spend the income. That's pretty easy.

>>56043116
Doesn't matter much, just something broad with low fees. Vanguard probably.

>>56043116
You can do vanguard like the other anon said, JP Morgan has one that sells covered calls on blue chips for extra income. You can get creative but normally you want to minimize management fees as much as possible. If you lose money long run in the s&p then it doesn’t matter because society will have collapsed

>>56042631
On an anonymous basket weaving forum? Not sure you know what flaunting means, anon.
One cannot anonymously flaunt.

>>56042579
There are always risks present once you make it, anon. You keep cash, it could get robbed, burned in a fire, even the rats could eat it if you are in a third world country or los Angeles. You keep crypto, ok, you account might get hacked, CZ might turn off withdrawals at any time, your coin of choice (even tether) may go straight to zero. Most high IQ plan is keep some of your money in gold or a high amount of cash in bank safe. Or buy some property for yourself, no one will steal that from you (except if there is a communist coup d'etat in your country and all landlords get assblasted, but chances are that is not going to happen) At least it's something

>>56043116
QYLD
>buy my bags

>>56043373
try getting a girl like that in USA....

>>56043795
>girl
anon, check those hands

>>56042722
Kek, most of /biz/

>>56043330
if you think this is anonymous you are retarded

>>56045586
I think that Scorch Coin is a great investment because it has a strong team behind it, they are working hard on the dev side and making fast progress, the community is great and excited to see how the project will evolve, and with this being the beginning stages there is great potential for growth. Also, it is backed by a large corporation so it will have the resources to succeed. With all of these factors in place, Scorch Coin is poised to become the next big thing in the crypto space and now is a great time to get in on the ground floor

>>56042579
It will never be enough.
Escaping the rat race is a state of mind.

>>56042579
Why is /biz/ so retarded now? Every rich guy I know has like 70-80% right now in T-bills. $10M in T-bills is paying out near $600k per year, tax free (or at 15%).

Safe as safe can be. If T-bills go to zero we are in Mad Max mode anyway so gold / crypto / apple stocks won't mean shit.

Its about as safe as can be. Not a single rich dude I know doesn't have large T-bill exposure right now. Not a single one.

t.2014 /bizraeli/ who got it early.

>>56047099
thats the mindset of a poorfag. T-bills return such a small % that you might as well just keep it under your mattress. I made twice your T bill return last week off of 2 different meme coins with no dev or white paper, and I will do it again tomorrow. Why would you waste your money on T-bills when you could be losing it chasing the next meme? The answer is you can't relate it, because anyone who would put money in T-bils instead of crypto must be either be braindead or a communist. Scorch Coin to the moon

>>56048381
>I made twice your T bill return last week off of 2 different meme coins with no dev or white paper, and I will do it again tomorrow.
you didn't and you won't. You're a larping mongo that will never make it. You know it, I know it, we all do.

>>56042579
>like assume you made millions tomorrow how exactly do you leave the rat race?
Quit my shitty job and take a plane somewhere where my dollar can be stretched to the max.
It's not hard you're just dumb and or poor.

>>56046996
This anon actually gets it

>>56049337
kill yourself fucking tiny dick incel and do the world favor. no country wants your disgusting spineless pale feminine faggot self.

>>56047099
how did these people get so rich in the first place?

>>56042579
>like assume you made millions tomorrow how exactly do you leave the rat race? you can’t leave all that shit in your bank.
get 5% interest rate and live off 50k a year by travelling the world and pursuing your dreams

>>56042579
You can leave it in crypto, which is exactly my plan.
I'll stake stablecoins into different yield protocols through yield aggregators like SpoolFi, Beefyfinance and others where I will earn passive income and be in charge of my money

>>56047099
>T-bills.
Is there a good T-bills etf? Are money market funds like SPAXX also a good way to take advantage of the high interest rates?

>>56047099
t-bills don't even keep pace with inflation right now

>>56052628
Good idea you've got there and I'm using the first aggregator that you mentioned

Idk if that'd work for you but Kinetix seems like a good bet considering is fairly new
>like assume you made millions tomorrow how exactly do you leave the rat race?
This is delusional, don't do that to yourself kek

>>56052891
Cosmos is beyond fucked lmao, kys

>>56047099
Where do I get the fucking 10M to throw into T-bills? You fucking idiot nigger

>>56052891
I don't like crypto, fuck off

>>56052891
I swear to christ...

>>56046996
This.
Best I can hope for is to "make it" next bull run and then just check out completely.

Invest in VOO, something that tracks a sense of the global economy for a low management fee and maybe bonds. Set and forget. Live off dividends and only sell when dividends don't cover your living expenses. Maybe reduce your spending if there is a market crash. Make the occasional adjustment so you can likely die with zero.

It's the most basic FIRE plan

>>56042579
Index funds and real estate. It can go down but history shows that’s only temporary. You only withdraw 3-4% per year.

Unless the world’s economy crashes even worse than the 1929 depression and never comes back, you can survive on 3% withdrawals forever if it’s in stocks.

>>56042579
buy a couple homes, one in your birth country, one somewhere else. buy maltese citizenship if you arent european. store a couple mil of gold and silver coins in a heavy expensive vault in both homes. store the rest in etfs via brokerage account owned by offshore trust
find a beautiful girl thats nice to be around and make a family. its hard but fulfilling

>>56047099
>15%
What the fuck are you talking about? Treasuries are not paying 15% lol.