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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18129090 No.18129090 [Reply] [Original]

hi, i am assigned by my family (including the extended one) to manage our wealth of 12.7 million usd because they know i trade financial instruments and always discuss about economic news. They dont want to rely on outsiders so I am their best bet. I am asking on how should I go about this? I only have experience trading around 10k of capital.. is there a book or guide on how to trade like those whales?

I swear i hate myself for always talking about economy crisis and happenings..

>> No.18129148

>>18129090
if you have 12.7M you can pay multiple experts for advice, could otherwise just build a defensive strategy for the turmoil that could unfold in the next 12-18 months.. but if you're being serious about this on biz you're probably just larping.

>> No.18129171

>>18129090
Lol there’s no way this is true, post proof you faggot. But in the 0.0000000001% chance this is legit, you have two options: buy 12.7 million dollars of an S&P 500 index fund, or don’t be a fucking pussy and go all in on link

>> No.18129200

>>18129148
i want to ask /biz/ before i ask anybody else.. unironically /biz/ made me trade crypto.. i just dont know how to start about this is all..

>> No.18129201

>>18129171
>investing 100% of your holdings
WHY. IS. /BIZ/. SO. FUCKING. BAD. AT. INVESTING.

>> No.18129215

>>18129090
all in LINK, show your family who's boss

>> No.18129221

>>18129200
THIS PLACE IS COVERED IN SUICIDE NOTES EVERYTIME THE MARKET DUMPS WHY WOULD YOU LISTEN TO IT?

>> No.18129224

>>18129090
omg rich sirs pls give me some moneys i need to pay rent or else my family will suffer very much pls help

>> No.18129406

>>18129090
ask for commission and you'll be rich as fuck

>> No.18129416

>>18129215
i am thinking about this for few hours now but if the halvening do pump the price, i will be buying at high price which i am trying to avoid.. plus i need to buy without moving the price or spiking the volume.. I just want to learn how to do this..
>>18129221
say what you want, but /biz/ sparked my interest on money and crypto back then, thus improving my way of thinking and have made me money.. plus all those pink wojak suicide notes are ironic

>> No.18129474

>>18129090
>>18129200
>>18129416
either larp or your family is retarded, you're clearly not self confident enough to invest 12.7m, still have a lot of of burns to suffer before you become a net positive investor
if not larp, put 6.3m in bitcoin, 6.3m in gold, and "play" with 100k. you'll lose it, but that's the absolute biggest amount to waste.

if you're positive after 3 years, you can think about moving the rest.

>> No.18129565

>>18129090
Their best bet is a retard who goes on /biz/? Jesus Christ.

>> No.18129597

STINKY. LINK. EXTRA SUPPPPPPER STINNKY

>> No.18129653

>>18129565
I come to this place to laugh at retards, not for investment advice

>> No.18129665

>>18129090
just do the opposite of what biz says and you'll be fine

>> No.18129692

>>18129090
Weak larp fella

>> No.18129724

>>18129416
i'll help you with all you need for 1k linkies, fren. Wont touch your money

>> No.18129869

Sounds like you want me to manage your family's money. Gotta cough up the rate.

>> No.18130241

it's okay /biz/, will go to my local bank tomorrow to see if they can help me..

>> No.18130298

>>18129090
please listen to me, i have experience in this:

20% TLT
40% muni-bond fund (blackrock)
30% VV or other large-cap index
10% bitcoin/gold

>> No.18130335

>>18129090
But why, buy chainlink of course.

>> No.18130410

>>18129090
municipal bonds

>> No.18130943

What is your family goals for this wealth? Growth? Passive income? Without knowing what your goals are you are.going to make the wrong decisions.

If growth, trade crypto and other high risk investments. You will need to contact the exchange you use for otc trades and/or use bots to prevent the market from running away from you.

>> No.18131048
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18131048

They are creating the Vaccine add 2 extra zeros into your family wealth. Mark And other millionaires will join to donate 25 million spare change into therapeutics like Inovio (Ino)

>> No.18131228

Are you seriously going to ask an anonymous self-esteem deprived weeb NEET hat knitting forum about how to manage 12 million buckaroos? Are you retarded or just really stupid?

In any case, just buy Link.

>> No.18132142

>>18129090
Don't listen to biz ever. Do not buy what biz is promoting. Do not do what biz says, dont do the opposite of what biz says

>> No.18132177

>>18129090
Just put it in ETFs eg SPY and forget it

>> No.18132201

>>18129090
all in chainlink

>> No.18132210

>>18129090
Go all in with puts

>> No.18132230

>>18132142

like with BTC and LINK check

>> No.18132262
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18132262

>>18129201
Are you really surprised?

>> No.18132297

>>18129090
portfolio construction
compare and contrast each strategy
go from there

>> No.18132421

>>18129090
>Have a third of it in Fiat under the hope that your government will stop being retarded
>Have another third in gold phisical and gold stocks in case they are moral and they won't steal it
>have the last third on bitcoin as a last resort if they steal gold and you have to flee