/biz/ - Business & Finance

>>57535583
>Let's say I play my cards perfectly for the rest of this crypto cycle and come out with $3 million after taxes, sitting in my bank account. What is the next move to ensure that I am financially free for the rest of my life? Wait for a stock market crash and buy blue chips at the bottom?

>>57535583
>Let's say I play my cards perfectly for the rest of this crypto cycle and come out with $3 million after taxes, sitting in my bank account. What is the next move to ensure that I am financially free for the rest of my life? Wait for a stock market crash and buy blue chips at the bottom?

>for the rest of my life
that entirely depends on how long you are planning to live

>>57535583
Buy citizenship in a cheap island country without taxes, put everything in a diversified portfolio and never spend more than 4% of it per year for the rest of your life.

>>57535594
>>57535602
go back to plebbit, niggers

>>57535603
I'm 31, married, and have a 2 year old kid. We want 1-3 more kids.

I also have a high-paying career I can fall back on ($500K/year medfag), and I own a house already (30-year-fixed interest rate at 3%). We may want to move to a bigger house and either sell this one or rent it out (it's up $150K on Zillow).

>>57535583
Stick most of it into an s&p 500 index fund like fidelitys FNILX. Maybe save a little to reinvest into the crypto market. You could also pit some into a CD that does 5% or better. Some finacial management companies have access to allow you to invest in private equity and they guarantee maximum and minimum returns which can be pretty good too. The key is to get a steady rate of return that would give you an annual salary you can live comfortably on the rest of your life.

>>57535651
>go back to pleb it
>proceeds to plebbit: the post

and so is your original query desu

>>57535583
Worry about that once you get there big guy

>>57535680
So in general its better to put it into index funds as opposed to cherry picking individual stocks? Imagine putting a million into the next NVDA or AMD before it goes on a 50X run...

>>57535651
>I'm 31
ok
>married
bad but still salvageable
>and have a 2 year old kid
holy shit i'm sorry for you
>We want 1-3 more kids.
alright you are basically already dead
i'm sorry, i can't help you - no one can

>>57535695
you need to be 18 to post here, cringelord

>>57535700
true

>>57535720
It depends what you want to do. Do you want a pretty safe investment that will let you live a comfortable life without having to work again? Or do you want to gamble and hope You might hit the next big one? No one really knows what the next nvidia is, so you could easily put a million into something and lose a ton of money,
Or you could get lucky and hit it big. I guess it comes down to how much risk you want to take.

>>57535583
just buy Gold with it, that's literally it.

>>57535723
the purpose of life is having kids. literal negros are popping out like 10 kids on welfare bux. dont tell me you fell for jewish psy ops meant to knock down white fertility

>>57535757
good point. as a crypto enthusiast, im pretty risk loving. i have a feeling that we may get a massive, generational crash after this current asset bubble pops. It could be a once in a lifetime opportunity to buy individual blue chips at extreme discounts. the problem is of course timing it...

>>57535758
it literally never moves. Will we even see $10K/oz in our lifetime?

>>57535840
>the purpose of life is having kids
no, that's the purpose of the species, which doesn't care about the happiness or well being of the individual (quite the opposite); you only think that because you are yourself the child of someone who tought having children was good and so on (the smart one who understood this simply didn't reproduce so you didn't get their genes)
i could teach you some stuff but you are already too deep in shit to recover, i'm sorry for you
good luck tho

>>57535758
Dont unless you wanna hodl for 5 years to breakeven

>>57535870
>LE ONE LE RACE LE HUMAN LE RACE

>>57535914
i don't get the reference

>>57535927
>bill nye died 60 years ago

>>57535953
ok

>>57535870
i want to elevate my blood line. I want people with my last name to be as dominant as the rothschilds. if i dont have kids, then the previously unbroken chain of my bloodline ceases to exist, and that is a massive failure on my part. if you don't instinctually feel this need to build up and propagate your clan, then you are a genetic dead-end / beta. im sorry, but you cant teach someone to be alpha. you either have it or you dont, and in your case you clearly dont. good luck with reddit or whatever the fuck it is you enjoy

>>57535990
Then have kids. You don't need $3mil to do that. If you're too stupid to realize that you only need to hire someone to help you setup overseas trusts with your imaginary wealth, then you're probably too stupid to make it. Please don't procreate.

>>57535990
oh yes that's all extremely important stuff when you are dead lol
your grand-grandfather, what was his name again?
caring about what happens after you are dead (and even allocating your resources to that lmao) is the equivalent of getting cucked by the species
but obviously everything in you is making you refute this because that's exactly how this thing works
you are being brainwashed, but it's too late for you so there's no point in making you understand
good luck c|_|ck

>>57535758
You're correct anon. Up until 70 years ago, all "money" was valued against gold. Fiat never lasts and it's been tried many times before. Only metals are actually money on this planet and there's no good reason not to own some, especially if you're a us resident where shit is still crazy cheap comparatively.

>>57535651
OP ignore these bitter faggots, use this place only to find good value in crypto / stocks. You won’t get serious responses from childless blobs

>>57535583
Buy one cheap home outright and live in it. Buy some form of income-producing asset that will make you enough money to sustain your qol consistently. You should have well over 1-1.5 million left after you do this. At that point, depending on your desires for life, either just shove it in an index fund or bitcoin, or try to pick stocks/alts with it (if you care to try to make it to 8 or 9 figures)

Hop on truflation to get indexed data from a shit ton of sources all at once, updated daily. Use that to start trading tradfi. You can pretty much retire at that point of you buy the right stocks you'll be making passive income for months and you got plenty of time (most of the time that is) to quit before losses turn big if ever.

>>57535583
There is no better long term investment than BTC so just buy and hold that.

If you buy stocks, houses or anything else with your gains you'll just lose sats.

>>57538317
bro if you really think crypto is the best long term investment you're an idiot btc has already 10000x so there's no way it does it again if you buy stocks you will get dividends if you buy rental properties it you'll get rent if you buy houses it'll be your place to live buying btc is buying nothing you're literally buying hype btc is just a scam dude i can't wait until regulation shuts it down it's an environmental disaster

>>57535651
500k/year .. shit tier numbers, 3m a year here - I'm a rice grain specialist

>>57535953
I wish desu.

>>57536034
I'm never having kids so I'm enjoying this grade-A cope. Please continue.

>>57535583
I would say find reliable mutual funds or ETFs that give monthly passive income. Use the passive income for expenses and let the rest of the money grow.

>>57535583
If all things go according to plan, you ought to put the money into those covered call ETF's, 3 million into those will give you a six figure yearly income.

If you have no idea on when the next stock market crash is going to be, then you ought not to waste your time waiting.

>>57535651
She’s going to birth them and then file for divorce and live off that sweet sweet child support and alimony

>>57535870
I'm poor but my 2 year old son makes me feel rich. Best thing I ever done

>>57535651
Nice anon, congrats.
500k a year is ridiculous, hope u signed a prenup with her tho.

Show me ONE ad that shows a relative beginner in med can earn that kind of money. If youre 31 youre fresh out of med school. Even plastic surgeon ads show for up to 200k only

So i mean you are larpong but gz on the kid hope its a son

>>57540195
Wages have gone thru the roof along with inflation making 500k now is like making 200k a few years ago so I believe it

>>57540156
Just wait till he’s a a teen. And discovers porn and social media and he can’t find a job and lives with you until he’s 30 because housing is unaffordable. And puts off having a family because it’s too expensive and women can divorce rape you and take your assets. Sounds amazing bro, good luck

>>57540211
My friend is in med school, hes 32 and STILL doing his practie in London. It unironically takes like a decade

>>57540215
Once my son becomes 18 and finishes school im kicking him out the house or charging rent (he wont know but ill save it for him and give it back when he decides to leave)
My parents did this to me although a bit more indirectly and i went abroad to study and work. Its good exp and a great way to force someone not to be a loser

>>57538595
yeah, it's not cope at all tho, very simple and logic consequences of knowing how natural selection works. This instead is maximum cope: >>57540156

anyway you can read more here:
>>57532642
>>57534880

that was a response to the absolute retarded take that your children are "you" because they share your genetic code (lmao)
>>57532557

>>57540557
see also >>57532908 about the last bit

>>57535583
Still invest half of that shit in crypto again. I'd look at RWAs with wallets that have account abstraction features. Solid and real. Never losing.

>>57535651
You're a rich faggot. Diversified that into real-world assets, and find more peace of mind. You can even travel the world.

>>57535583
With the expected advances in longevity technology over the next decades, which you would in theory be able to afford, $3 million won't even come close to allowing you financial freedom for your new extended lifespan.

>>57535870
The irony