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/biz/ - Business & Finance


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22202418 No.22202418 [Reply] [Original]

Hello frens, these are my stats

>29 y/o burger
>37k in 401k, 15.5k in Robinhood, 4.2k in TD Ameritrade
>140 oz. silver
>1 BTC, 7 ETH, 12 LTC, 1200 LINK
>8k cash

Am I going to make it? I know many anons are already rich and will be very comfy.

>> No.22202476

Nice. Mega poorfag here:

1k in LINK

2k in XRP

1k between YFV, LEND, and REN

5k in the 401k, S&P tech heavy fund

I am obviously not gonna make it, but I'm young and I think this will make a good nest egg. Money makes itself and right now I dont have much lol

>> No.22202494

>>22202418
just go all in on link faggot, it wont get cheaper than this

>> No.22202532

>>22202494
I first bought at $1.50. I doomed myself because I mentally could not stand to buy "higher" than my initial stack for mental reasons. Look at how that worked out for me

>> No.22202546

>>22202476
You have 1K LINK or 1K USD worth of LINK? How old, fren?

>> No.22202566

>>22202418
You are doing fine anon. When i was 29 i had 45k in debt. If you stay the course you are going to be mint.

>> No.22202611

>>22202566
I am acquiring debts to finish my degree because I am going back to school. However, for me it will be worth it because I will acquire a job with a friend at his company. I expect my student loans to be about 35k because instead of paying towards debts I have been putting all of my money into crypto and boomer stonks.

>> No.22202630

>>22202566
Ps...
Im 20 years older and started saving way to late...
12 btc
200 eth
6000 link
2mm rsr
30k in 10 other shitcoins
500k 401k
120k in brokerage, various fanng/mining stonks

>> No.22202669

>>22202611
>>22202566
I should clarify that when I say his company, i do not mean a company he works at. I mean at a company that he controls. He doesn't care about the degree and thinks college is a scam, as do I, but it is for appearance sake. I will be doing what he does and he makes 6 figures so even spending 50k in exchange to make 6 figures is worth it to me

>> No.22202685

>>22202611
35k student debt totally manageable as long as good degree and it sounds like it is. Resist urge to dip into savings without disciplibe, unless the math really works, physcology is very strong here and you will have internal conflict.

>> No.22202689

>>22202630
Nice fren. I will be like you one day

>> No.22202767

>>22202669
>. I will be doing what he does and he makes 6 figures so even spending 50k in exchange to make 6 figures is worth it to me
Over lifetime earnings it def makes sense. I went 20k in student loans, my whole ride cost me 45k, my first year salary was 42k (in 1996)...i was making 99k 3 years later and by 2004 i hit 200k a year where i have basically been ever since.

>> No.22202795

>>22202689
You will get there much sooner, when i was 29 i was a moron with money...

>> No.22202870

>>22202418
>Rate my completely typical portfolio sirs!

Are you looking for validation or praise? You want us to suck your cock? You're doing better than most, wow good job!

Now fuck off.

>> No.22202999

>>22202685
>>22202685

I will definitely be sub 50k as I did my first two years at a community college when I was younger and paid cash as I went. The only reason I am doing it now is for optics. It will be in business administration, but normies will think that means more than not having one

>>22202795
If you had advice for 29 y/o you, what would it be?

>>22202870
I am looking for thoughts of people here. I was feeling comfy with 1K LINK but now I don't. I'm going to keep buying crypto but feel a sense of dread that I have too little. Every time i come to this board anons have 10+ BTC, 32+ ETH, 5k-10k+ LINK, 1k oz silver, multiple 6 figures in stonks, etc. I get demoralized

>> No.22203671

>>22202546
1k worth. 25 y.o

>> No.22203855

>>22203671
Based. What are you building on now? Stacking education and skills, waging to get more capital to get more investments, building a career, something else?

>> No.22203928

>>22202999
>If you had advice for 29 y/o you, what would it be?
It sounds pithy, but pay yourself first. Whatever % you can reasonably invest on a check to check basis, do it and never fail to do it.
Manage debt very carefully, this means the obvious...
-sensible car
-cheap vacations
-live where its affordable, not fashionable

Your pile will grow faster than you think if you just stick to it.

>> No.22203946

>>22202418
Robin Hood bundles and sells your trades to the big investment institutions, who front run your trades and fuck you.

>> No.22204072
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22204072

500 LINK
2500 UOS
5000 PNK
2000 OXT

>> No.22204282

>>22203928
I try to be mindful of these things. I fell for the car but only owe 15k and the car will last me for years

I don't care about where it is fashionable to live, I actually prefer away from cities

I only really spend hundreds if I am going on vacation with family. I think the memories I make with them will ultimately be more valuable to me than the hundreds of dollars of the costs

Thanks for the tips, fren

>>22203946
I'm gonna try to get out of them, that's why I started another broker. Thanks for the tip

>>22204072
How long have you been stacking

>> No.22204317

>>22202418
>burger
NGMI

>> No.22204321

>>22202418
nice fren, very diverse

>> No.22204374

>>22202418
dump the LTC and sell some BTC and ETH and dump all of that into RSR and you're set for life.

>> No.22204381

24
1200 XRP
5k Index Fund
20k Cash

Bought a house which used up about 100k last year but it's giving me decent income with rent. I'm looking to diversify my bag though looking at eth

>> No.22204500

>>22202418
>29 burger
>less than 100k$ worth muh diversification muh superpower muh rent free
>be me 28 yo Moroccan third worlder
>51k link 310k xsn because bought early and not a retard

>> No.22204548

>>22204317
You're telling me. Third world dressed as first world

>>22204374
I regret buying the LTC but been bagholding since $100. What's the deal with RSR? I'll look more into it, what's a target stack for it

>>22204381
Girlfriend and I are looking into getting a houses. I have a hard time even looking at properties because the prices are absurd, in my opinion. Do you also live in the house or purely a rental?

>> No.22204615

>>22204500
I went bust in my early 20s and wanted to kms. I sleep a little better knowing that my eggs aren't all in one basket. I'm not risk averse, but I found LINK too late to get a nice stack. It is what it is

>> No.22204681

25

650 LINK
6k STA
25k RSR
4k PRQ

Bought the LINK in 2017. If I had more money I’d have some holdings in ETH / BTC but I’m poor so I’d rather gamble a bit on shitcoins. Recently graduated (mathematics MA) so hopefully I can add to this once I get a decent finance or data analyst job.

>> No.22204842

>>22204615
Yeah jk fren, would've bought some silver as well but we don't have a spot market for it here.
In my opinion cash out the 401k (I understand it's a retirement fund right?) you'll beat their investors by a long margin in crypto, also robinhood since stocks are for boomers (unless you bought tesla 1 year ago), and options are for degenerates, I would sell the silver since it's only a good hold in a crisis, and we all know the fed will not run out of ink any time soon, btc and eth and ltc are memes, and you only need 3k$ in cash if you have a job.
I won't tell you to all in some shitcoin since that would be retarded, but at least pick 3 low mcap shitcoins for your high risk stack, and 1 shitcoin for a medium risk stack and btc for low risk almost guaranteed x20 in the next run.
I only have link and xsn, I like xsn because maybe I'm still stuck in the old thinking that we need a working no fee dex, but I sometimes think the shitcoins that will moon in the next run are probably going to be those pajeet scams you see now, muh yield, not buying any because I don't understand how they work desu and too lazy to dmor

>> No.22204954

>>22202999
you do realise most people here do not have more than 5k link. they are all larping and its a psyop so you dont feel like you have enough, this is the end game fud. just chill bro you will make it

>> No.22204996

>>22204954
>muh /biz/ was only created in 2020

>> No.22205069

>>22204548
I live in it. My GF is the one paying rent. Which is declared as a domestic agreement so I don't have to pay Tax on it. I also get benefits from prior Military service which isn't heaps(around $170 every month) to assist with the mortgage.

Yea mate prices are extreme especially near the city. IMO go further out and you'll save heaps.

Definitely recommend getting a house opposed to renting. The one I'm in now isn't luxurious but it's cosy and we want to build(bit against this as we're purchasing a depreciating asset) and we'll turn this one into an investment property. But the build won't happen until after we're married. The GF is 20 and she's saved around 60k which is good.

>> No.22205168

>>22204681
Nice job, a friend of mine is a data analyst. He has been trying to get me into it, if you have the aptitude for it, which it seems you do, definitely look more into the field

>>22204842
My 401k will get severely penalized if I cash out early, and then taxes. I only contribute the company match (6%) so that I get the immediate doubling of my money. After that 6%, I choose my own investments. I fell for boomer stocks because I'm more familiar with tax purposes. Since i got those accounts higher, I am free to funnel capital into crypto

Which trading resources would you recommend for a burger? I don't have as much crypto knowledge as other anons and I am fearful of the tax man, who always finds me.

The cash stack was higher, but I was DCAing it into other things.

>> No.22205197

>>22205069
Very comfy, my fren. You will make it

>> No.22205510

>>22205168
>Which trading resources would you recommend for a burger? I don't have as much crypto knowledge as other anons and I am fearful of the tax man, who always finds me.
Don't trade it's not worth the risk, the trick is to buy good projects early and hold for years through the storm, it's a lot easier to find out which projects will work and which won't in my opinion, link had the breadcrumbs, and if you're smart then the breadcrumbs are enough, and it worked out fine desu. There are legit good projects out there that will pump a lot in a bull market if they deliver what they're promising.
Also taxes are fucked up in the US, but I never think about them here since crypto is illegal so I just sell what I need to survive on localbitcoins each month and when I'm satisfied and want to cash out I'll go to Portugal (0% right now I think but they'll make it 5% next year from what I heard) or Germany (0% if you hold for 1 year) or Thailand (7%).

>> No.22205839

I'm still all in on SS (Sharder Network). I have 200k and I like the fact that while everything around me is crashing, SS is still at level I bought it at so I can't complain

>> No.22205905

>>22205510
>since crypto is illegal
dafuq? where do you live?

>> No.22206244

>>22205510
Crypto is ILLEGAL where you live? That is insane, in which region do you live?

>> No.22206365

>no small caps
WTF are you doing, do you expect to get rich like that?
Buy OCEAN, it's that simple, 5x in a couple months.

>> No.22206479

>>22205905
>>22206244
Morocco, third world shithole, well it's illegal as in you can't transfer money from your bank account to exchanges, but binance and localbitcoins both accept kyc here so no problem buying or selling except localbitcoin has a huge spread here.

>> No.22206595

>>22206479
shit dude. i suppose Portugal isn't too far for you to go

>> No.22207213

You have to add AKRO to that portfolio, it will be one of the best performing coins of 2021

>> No.22207372

>>22206595
Don't he even think about that. Moroccans are niggermutt scumbags and we don't need these pigs in Europe. I am part-Lebanese myself from my mothers side and even I hate all of you cunts. Apart from Levantine people there is only shit in the Middle East. Good my country has liberal gun rights to deal with them if necessary.

>> No.22207421

>>22207372
* & north africa

>> No.22207529

>>22202418
this sounds like a solid as fuck position to be in
could throw an ounce or two of gold in there to completely round it out

>> No.22207545
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22207545

>Stock market
35k in amrs
24k in phun
12k in seel
5k in cgc

>Crypto
35k in kambria
8k in link
5k in btc

>> No.22207605

25 y/o here. Only around 5 grand to my name. Been working shitty jobs and unemployed at the moment. I have a degree but it hasn’t been useful. I’m trying to get a career started. Can any anons offer any white pills? Life has been tough for me dealing with a lot of mental health issues. I’m trying to stay positive and hoping that I can still make it

>> No.22207713

I’ve got 1100 LINK
115 toz silver
Is this enough to make it by 2025

>> No.22207742

>>22207713
No.

>> No.22207887

>>22207372
>I am part-Lebanese myself from my mothers side
At least we don't keep thousands of tons of explosives at the same place kek
>Morocco
>Middle east
My father is a native and looks whitish but my mom's grandparents immigrated here from someplace in Europe, they all have the bluest eyes I've ever seen, so I'll bet you 1000 link I'm whiter than you or your hezbolah mother anyday faggot.

>> No.22207925
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22207925

>>22202418
You're fucking retarded

>> No.22207987
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22207987

help what do i do to make it

>> No.22208081

>>22207887
Cope. You are a low IQ rapist with nigger genes. Why do you think you Nafri have hair like the negro?

>> No.22208650
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22208650

>>22202418
I'd allocate some to power.trade mate

>> No.22208729

>>22202418
I like your folio fren, It's kinda like an all weather type of folio where you should do well in any outcome. You'll probably make it in a couple of years. I would suggest maybe buyin a couple oz of gold and getting up to 200 oz silver with youru 8k cash. Save t he rest to buy dips

>> No.22208788

>>22207605
Here is a white pill for you. At 25 I had like 5k in my 401k and that was it. I was working a job I hated. I had no degree beyond a useless associates. I had no direction. I wouldn't say that I have "figured it out" by any means, but I changed the trajectory of my life. It didn't happen because I got lucky, it happened because I made a conscious effort every day to improve something. Stack a little more investment, exercise a little more, read a little more, learn something new, meet new people. If you told me then that I'd have my modest portfolio now I wouldn't have believed you. I built what I've gathered brick by brick, and I will continue to add bricks. I don't know where I'm going, but I knew I didn't like where I was. Make an effort - an honest effort - and focus on improving your conditions and they will. We are all going to make it, fren.

>> No.22208849

>>22207925
Retarded why?

>>22208729
I wanted more silver, but I bought last summer in $17 area. It feels bad buying at these prices, even though that same mindset screwed me over with LINK

>> No.22208897

>>22207529
Hey, thank you. That means a lot, the last year has been difficult for me so it is nice to hear that it has reaped benefit

>> No.22209142

>>22202476
very similar. got my first ever comfy job a couple months ago. saving aggressively to have money to dump into the market. Hoping it turns into gainz

>> No.22209184
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22209184

>>22208849
I know what you mean but even though it's gone up 10$ in the past few months it's still historically undervalued and it's a sure to continue to rise in price as the fed prints away our purchasing power.

Also, have you thought about investing in a broad commodities index? They're also historically undervalued. Pic related

>> No.22209283
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22209283

>>22202418
pretty gud op, why the LTC tho?
>23 y/o burger grad student, 1 more semester to go
>6k m1 finance, stocks/bonds/etns
>6k TD ameritrade, stocks/options
>8k in btc/eth/stablecoins/alts
>12k cash
>15 oz silver
>no denbts
also had a deal with my parents that they'd give me 10k if I graduated without their financial help, so also that after this semester

>> No.22209753

>>22209184
I have not. I also don't have much experience with them, where can I get exposure and more info?

>>22209283
Looking good fren. I regret the LTC, if I could go back I'd not buy it. Bagholding since $100

>> No.22209814

>300k RSR
>10k PNK
>1k OCEAN
i dont have BTC ETH or LINK

>> No.22209839

>>22202630
shut the fuck up

>> No.22209874

>>22202494
continue ze domp

>> No.22209907

>>22202630
there are 49 year olds on 4chan?

>> No.22210166

>>22206479
Nique le corona j'aurais bien fait un tour à Chefchaouen

>> No.22210188

test

>> No.22210271
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22210271

I hold only MOST. Literally cannot lose with this coin.

>> No.22210334
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22210334

>>22210188
nice work

>> No.22210407
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22210407

>>22202418
In crypto for month and a half, put 2.4k in, got to 10.5k now around 7, scared but not unsatisfied with my learning.

>> No.22210654

>>22202795
Fren may I ask how old you are?
I’m turning 28 I’ve got 3.9 saved in robin, 800$ acorns savings
Any words of wisdom. I have a son and both me and my wife are still currently unemployed. Going back to school in a year. How can I make it bros