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/biz/ - Business & Finance

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13842401 No.13842401 [Reply] [Original]

If I set my ceiling of make-it money to 500k, and cashout out of crypto once I reach that...

Is it financially sound decision to buy house for 50% of that and put the other half into real-estate/metals?

>> No.13842405

>>13842401
no

>> No.13842411

>>13842401
-posting on biz
-being financially sound
pick one!

>> No.13842421

>>13842405
explain

>>13842411
haha so funny.. but checked

>> No.13842439

>>13842421
we are at ATH of the housing bubble
you should convert them into municipal bonds if you want to maintain the wealth while earning passive income

>> No.13842461

>>13842421
>nd decision to buy house for 50% of that and put the other half into rea
ok you want a financially sound decision.
do this:
buy a house by putting minimum money into it, and pay the money to them by monthly. it would take about 30 years to pay of the house this way. but the good thing is that you still have more than 70% of the money in your hand.
now, with that money, go into either stocks, or go into buying lands around cities that have high growth rate.
thank me later.

>> No.13842486

>>13842401
30% tops nigger!

>> No.13842498

>>13842421
Its a great way to lose your make-it money if a problem with the house turns up immediately or 10 years down the line. Google 'diversification' and also 'liquidity'

>> No.13842532

>>13842401
you would be better off with putting it all into index funds and rent

>> No.13842821

>>13842401
>Is it financially sound decision to buy house for 50% of that and put the other half into real-estate/metals?
Real estate is far overvalued and in many cities slowing down. Properties take longer and longer before they sell, etc.
The smart move is to save as much cash as humanly possible and invest next time there's a big crash and everything is on firesale.
Most people who "own" real estate don't really own it, they are very indebted and the moment they can't pay they'll have to sell their property very fast and at a very low price.

Millionaires can be made at any time, but billionaires are made when there is blood in the streets.