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

/biz/ - Business & Finance

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20848974 No.20848974 [Reply] [Original]

I am getting 10k usd from unemployment back pay. What is the most king move I can make with this 10k so I don't have to work again?

>> No.20849005

>>20848974
GLD and SLV calls

>> No.20849053

>>20848974
whatever you buy i would dca

>> No.20849273

>>20849053
What's dca

>> No.20849997

>>20849273
dollar cost average. not putting all 10k in at once. split it into chunks and make weekly or monthly purchases.

>> No.20850023

>>20849273
here's the official definition:
>Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.

>> No.20850038

Mfw I dca since december and have 10k now...

I'm only 25... only?
Guys will I make it?

>> No.20850042

>>20848974
I would probably just buy ETH on the next dip

>> No.20850464

>>20850038
You dca'd into what?
10k is not bad at 25. You're young, what you do from here is the question.

>> No.20850646

>>20849997
is there a formula here or is dca as simple as small weekly investments?

>> No.20850847

>>20850646
there is but not required, just google it for more information

>> No.20850990

i was out of work for a month because someone living with me caught covid and so my job told me to quarantine...can i get that money back that i missed out from not working? how?

>> No.20851017

DTH if you want to turn it into $50k.

>> No.20851033

>>20850990
you should get the backpay but i would contact department of labor and discuss it with them

>> No.20851260

>>20851033
thanks anon, i hope it's not too late

>> No.20851277
File: 350 KB, 1205x597, D15F3915-8831-4A22-B95B-8863FDF6575C.jpg [View same] [iqdb] [saucenao] [google]
20851277

All in XLM

>> No.20851436

>>20851260
forbearance
>Generally, a two-year statute of limitations applies to the recovery of back pay. In the case of willful violations, a three-year statute of limitations applies.

you will, that is from DOL website. you have 2 years but you will have to provide the necessary proof if it's required, they have been very lenient with requirements or proof for certain things at least with the mortgage

>> No.20851904

>>20848974
>don't have to work again
>only 10,000 dollars

Buy a tent and live in the woods you fucking poorfag. Do you have any idea how much money you need to effectively retire??

>> No.20851996
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20851996

>>20848974
pic very much related

>> No.20852387
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20852387

Invest in a trap waifu

>> No.20852403

>>20848974
ALL in bzrx

>> No.20852571

Centric Cash