/biz/ - Business & Finance

[Anonymous No.17155250]

A shitcoin you hold moons and now your stack is worth $1,000,000 (USD). What are your next steps?

[Anonymous No.17155262]

>>17155250
Dance with a crab

[Anonymous No.17155268]

>>17155250
Cash out and look for next investment move

[Anonymous No.17155270]

>>17155250
sell

[Anonymous No.17155271]

[Anonymous No.17155272]

>>17155250
Sell everything and short it

[Anonymous No.17155274]

Buy McDonalds and weed

[Anonymous No.17155275]

keep holding

[Anonymous No.17155278]

>>17155250
Cash out in amounts of 100k, pay the jews my taxes, cry a little about it, realize im a millionaire, try to make more money

[Anonymous No.17155294]

>>17155250
Give it all directly back as fast as possible, because I think I'm an investment genius, when I'm really just a retard that accidentally struck gold.

[Anonymous No.17155299]

>>17155250
smoke meth then kill myself

[Anonymous No.17155314]

>>17155250
Step 1) wake up

[Anonymous No.17155434]

>>17155268
>>17155270
>>17155278
How would you make more? It should be easier becoming filthy rich with $1mil startup capital compared to $0. You have to spend money to make money after all.

[Anonymous No.17155441]

>>17155250
In the usa, if held under a year that translates to 700k after taxes

[Anonymous No.17155479]

Sell and never look back. Crypto can go fuck itself the moment I'd make it. Not sure what could be possible after Chainlik. ETH and BTC is already over for those who missed it.

$100k in savings. These will stay untouched.
$100k in funds.
$100k in shares.

The rest goes into property & company investments the moment price bubble pops and becomes cheap as fuck.

Just let cash come in and then buy a house near the archipelago.

[Anonymous No.17155527]

>>17155479
Not bad at all anon, here’s hoping you make it soon.

[Anonymous No.17155567]

100% into dividend stocks, still work because my job is comfy af and buy a rental property every few years.

[Anonymous No.17155584]

>>17155299
Check’d/Kek’d

[Anonymous No.17155594]

>>17155250
Rebalance my portfolio. It will all stay invested in crypto

[Anonymous No.17155600]

>>17155250
Market sell

[Anonymous No.17155746]

>>17155567

>Finds actual job comfortable
>Making cash from dividend stocks
>Buying property every few years

[Anonymous No.17155751]

Jack off alot.

[Anonymous No.17155927]

>>17155751
The absolute state of coomers

[Anonymous No.17155938]

I hold SAFEX, it will never moon

[Anonymous No.17155974]

Convert to BTC. Slowly withdraw from BTC ATM. Win.

[Anonymous No.17156062]

>>17155974
Great, now you have tax-free money after ATM and exchange fees, but no meaningful way of spending it (like on a house or car) without raising a ton of eyebrows and getting into trouble.

[Anonymous No.17156143]

>>17155250
Drns

[Anonymous No.17156175]

>>17155441
What is taking a loan out with ur crypto as collateral to pay 0 tax?

[Anonymous No.17156207]

firstly figure out how to get taxed as little as possible on the £800,000 I withdraw, maybe set up a limited company and buy a house which I write off as tax expense (house pictured - https://www.themodernhouse.com/sales-list/rudloe-road/)) and then invest the £200,000 remaining in small - mid cap crypto's and link / btc, try to make another million.

[Anonymous No.17156255]

>>17155250
I keep most of it as collateral for my continued freedom from wageslavery and other blights of society.
I invest the amount I am willing to lose into more high risk assets, because it's fun.
My life wouldn't really change and I wouldn't CONSOOM much of anything. I am comfortable as is.

[Anonymous No.17156267]

Keep 100k in crypto, get raped by tax, put the majority into a safe 5% index fund and the rest into a higher risk higher dividend paying stock/fund. Fuck off around the world till I get bored, living off the dividends.

Real wealth is about freedom of choice, not money in a bank, if you can generate enough monthly income to outweigh your expenses then you literally don’t have to work another day in your life.

[Anonymous No.17156272]

Probably go to an accountant or financial advisor or whatever and get completely screwed

[Anonymous No.17156546]

>>17155250
Buy ATH immediately

[Anonymous No.17156813]

>>17155479
>funds
>shares
>company investments

Are these not all essentially the same thing? What differences am I missing?

[Anonymous No.17156885]

>>17156813
>>funds

Collections of stocks in one fund managed by a mutual fund company.

>>shares

Individual stocks that would impart company ownership over to anon.

>>company investments

Could be part or full ownership in a private equity that's not traded publically.

[Anonymous No.17156901]

>>17156813

No worries, wojak.

Some stock companies or banks have pre-made portfolios made out of multiple shares.
For some that aren't interested in stock market, find the banks interest too low or just terrified of loosing all money on one company goes for this.

When it comes to company investments I relate to going off from the market and to individuals alone in need of investment for an idea or start-up company. Why I wrote it as a part of investing in real estate (offices, apartments, storages).

[Anonymous No.17156911]

>>17156885
excellent, thank you

[Anonymous No.17156914]

>>17155250
Cum

[Anonymous No.17156951]

>>17156813

There's this one guy our family is acquainted to that straight up does nothing but buys properties, apartments, storage facilities, offices to later rent out. That maniac ended up having his name everywhere in 2 small towns.

[Anonymous No.17156963]

All-in LINK

[Anonymous No.17156986]

>>17156963

[Anonymous No.17157000]

>>17156901
>Some stock companies or banks have pre-made portfolios made out of multiple shares.
>For some that aren't interested in stock market

If you're dealing with a "stock company" or buying portfolios made of multiple shares, aren't you then still dealing with the stock market???

[Anonymous No.17157086]

>>17157000

Stock market all the way. Only diffeence would be that they've picked all shares for you in a portfolio and given it a name.

What I'm saying is that you don't hav to daily look at your shares individually and feel terrified of dumps and pumps. The bank or stock company buys and sells according to your deposit and the gains/losses that follows.

Considering that my nation' banks have little to no interest rate, it's a better alternative to have an amount in funds rather than just having them static on the bank.

It's a passive way of being part of the market and a lot less risky than, maybe, buying 10 shares in Tesla and then depend on them alone.

[Anonymous No.17157112]

>>17157086
Why not just go for an index fund? Isn't there data about index funds outperforming "managed" funds of all types?

[Anonymous No.17157204]

>>17157112

Funny enough, I've been curios on comparing an indexfund with managed ones. Although in the current state, I feel nothing but content with the management.

Ended up asking among the family and came into the realization why my mother never had to work as much as everyone else. She pretty much lived on the revenue she made from funds alone. Didn't even have to take out the original deposit, as they managed the shares entirely. She lived like that for over 10 years with a small therapy/massage business on the side.

[Anonymous No.17157307]

>>17157112

The potential to outperform the market is one advantage that actively-managed funds have over index funds

If you're unsure which to pick, I'd say go half -half on two types. I have my money not just put on one fund but on multiple variants with different focuses.
Properties, natural resources, communication, technology, finance, industry, biotech etc.

[Anonymous No.17157674]

>>17157307
I think the repeated statistic is that index outperforms 90% of managed funds. So chances are you won't outperform the market, but it's possible