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/biz/ - Business & Finance


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57188011 No.57188011 [Reply] [Original]

I'm sitting on over $600k in increasingly worthless United States dollars that I'm too afraid to invest for fear that everything will collapse

>> No.57188028
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57188028

just put in on savings account
move to a comfy small house on a small/relax country
live forever for free

>> No.57188030
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57188030

>>57188011
Buy bonds for now then.

>> No.57188042

1. Start a non-profit
2. Donate to a politician your 600k
3. Politicians send back social justice program your way for $2,000,000.
4. Donate back to him and repeat.

>> No.57188058

same but 400k€

I was thinking about gambling it on MSTR for a 2x, but everything seems priced in and like I missed the boat already

if this shit crashes i will have no money, my income comes from the monetary funds which is around 3.2% yearly at current euro rates

fml

>> No.57188591

>>57188011
>>57188058
>keeping 6 figures in fiat
You retards are not sitting out anything, you are, by your inaction, actively placing money on fiat to outperform bitcoin and shitcoins. Just because your idle and don't make a few clicks on a keyboard doesn't mean your sitting on the fence.
Good luck on your bet that inflationary fiat will outperform Bitcoin this bullrun, you turbo brainlets

>> No.57188636

At least buy some gold and bury it. That's been working most of recorded history.

>> No.57188865

>>57188591
This bullrun is over. And the fact you are getting this hostile because someone is holding cash is further proof of that.

>> No.57188873

All in Bitcoin
Keep offline in cold storage
Thank me later

>> No.57188900

>>57188011
If everything collapses, why do you think your cash would still have value?

>> No.57188925
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57188925

>>57188865
After 15 years of bullruns, 3 months before the halving. this time its different. A stranger on the Internet disagreeing with me is proof

>> No.57188938

>>57188873
>All in Bitcoin
>Keep offline in cold storage
>Thank me later
It's as easy and simple as that. It's literally never been easier to get rich and retire in history

>> No.57189591

>>57188011
Yes, instead let your 600k collapse by 7% every year from inflation.

>> No.57189660

>>57188011
buy an estate in a developing country

>> No.57189777
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57189777

>>57188591
Imagine not holding crash on the bottoms

>> No.57189878
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57189878

>>57188011
First chill out. Everyone on this board is absolutely retarded. Park it in a money market fund. VMFXX is like 5% right now. 5% of $600,000 is $30,000 passive income and lets you beat inflation. Stocks are overpriced and there will likely be a recession by 2025. When prices fall start dollar cost averaging into index funds like VOO.

>> No.57190440
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57190440

>>57189878
>Park it in a money market fund. VMFXX is like 5% right now. 5%
OMG! 5%, or 1.9% per year with (official) inflation calculated. AMAAAAAAZING! I totally didn't make 1.9% this morning in crypto between drinking my coffee and taking my morning shit (approximately 8 minutes)
AMAAAAAAAAAAAAAAZING! AH - MAY - ZING!
Thanks financial boomer guru! I hope uour grandson reads out this reply to you

>> No.57190737
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57190737

>>57190440
Keep speculating on shitcoins then. Most people that get into crypto lose. You will too. Don't worry.

>> No.57190750

>>57188925
bear rally top

>> No.57190796

>>57188011
patience dca and diversification nigga

>> No.57191744

>>57188028
This
Get a retirement visa for Portugal or Spain or Malta
Live cheaply

If riskier can go to Ecuador or Thailand or something

>> No.57192602
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57192602

>>57188011
Don't play it safe, instead, invest in crypto assets like DUA and hold. You'll see the value increasing. Inflation continues to be a concern, weakening our fiat, so crypto is the way forward kek.

>> No.57192618

put it in a MMF like VUSXX. 600k will net you like 2600 a month in income
just coast

>> No.57192643

>>57190737
Are you trolling or are you really giving advice on how to make 1% gain per year?
Bitcoin is up 156% since the start of last year, but you're saying
>no, don't invest in btc, instead, do this and essentially earn absolutely nothing due to real world inflation

>> No.57192656

>>57188011
Just put $100k in Crypto and leave the $500k for your future.
It's literally that ez. You can use the interest to play a little bit.
If you get 2% APY and invest that you are putting in more each month than the average /biz/raeli.

>> No.57192674

>>57188873
>All in Bitcoin
>Keep offline in cold storage
>Thank me later
This. If you don't do this, you don't deserve gains

>> No.57192681

>>57192656
>leave the $500k
Why would you leave $500k in fiat to be eaten away by inflation, brainlet?

>> No.57192689

>>57192643
lol you cant be this retarded but i hope you are

>> No.57192703

>>57188873
literally just do this, at least w/ 100k
we are right before a giant bull run with a bunch of confounding factors we haven't seen before.
At least do it if the ETF approves but it'll probably be much more expensive then. But like
>Etf approval
>Halving
>FASB so companies can use bitcoin as an asset
its free money
I assume you know about the first two, this covers FASB
https://youtu.be/RTiRf1NDEr8
FASB is already approved, can be used and will be in full effect at the end of the year.

>> No.57192761

>>57188011
the dollar is collapsing. There is no risk free investment, including doing nothing.
I dont have any good answers for you, the game is extremely rigged. You do what you can & it goes how it goes. Imagine youre sitting on a large amount of gold & Mongolians started invading villages near you. This is your current situation.

>> No.57192767

>>57192689
>heh heh no response but um heh heh

>> No.57192770

>>57192761
so buy guns?

>> No.57192784

>>57192767
nah i can just tell you are being edgy and contrarian in an effort to get wiser people to educate you
im not going to educate you anon, good luck

>> No.57192834

>>57192784
Ok. Super convincing. Thanks. Didn't even need to defend your make absolutely nothing per year. Sells itself. Gonna get rid of all my bitcoin to go all in on making absolutely nothing per year based on you not making an argument for it all. You're a genius and your family loves hearing your financial advice

>> No.57192841

>>57192834
youre confusing peoples posts
maybe calm down the aderall intake

>> No.57192870

>>57192841
Ok. I'll do whatever you say. Any man that advises how to make absolutely nothing on $600k probably has great advice on a plethora of life choices

>> No.57192877

>>57192870
lol still confusing posts
youre too far gone anon, seriously cool it with the drugs

>> No.57192995
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57192995

>>57192877
This is you, you turbo brainlet:
>>57192689
>lol you cant be this retarded but i hope you are
I doesn't matter if you made the make nothing advice, you support it.
And this is such an old boomerfaggot thing to say:
>>57192877
>seriously cool it with the drugs
Give your grandson his phone back and suck his dick

>> No.57192999

>>57192761
you think btc somehow isnt?

>> No.57193112

>>57192770
bulk ammo is probably decent. haven't actually checked but I bet it's done way better than gold

>> No.57193796

>>57188011
You are such a huge colossal retard, a huge pussy bitch to boot too

>> No.57193805

>>57188925
He's a short sighted retard who cannot think in terms of years

>> No.57194820

>>57188011
No need to panic, imagine players scoring an unbelievable 100X return on dice rolls. You're missing out on your moment for a BIG win on Funarcade

>> No.57195031 [DELETED] 

>>57192656
Leaving $500 will be a waste, It'll be better off holding RIPCHEEMS, a memeking that's already showing signs of a parabolic move.

>> No.57195048

>>57192656
Leaving $500 will be a waste, It'll be better off dumping it on RIPCHEEMS, a memeking that's already showing signs of a parabolic move.

>> No.57195100

>>57188011
1. Become landlord with 300k
2. 200k into government bonds
3. 100k into farmland

>> No.57195357

>>57195100
Houses are $700k minimum here

>> No.57195387

>>57188011
White money don’t make money.

>> No.57195519

>>57190440
You're a stupid fuck.

>> No.57195535

>>57195357
you don't rent out houses hahaha

>> No.57196121

>>57188011
Ask some people on beoble or your insider group of choice idk. Asking financial advice from a bunch of anonymous indian scammers isn't exactly the smartest thing to do with your money