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/biz/ - Business & Finance

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22549673 No.22549673 [Reply] [Original]

guys im not joking. what do i do with 150k if i want to be rich?

>> No.22549696

Donate it to your local church and be rich in God's grace.

>> No.22549954
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>> No.22549955

Get the Thailand Elite Card.

>> No.22549997

Hold link, but you won't because you're fucking stupid.

>> No.22550003

Same, it's all in stonks and index funds.

>> No.22550023 [DELETED] 

I have approx. 40k omg, no savings, and <$500 in my checking account right now.

So hopefully that.

>> No.22550283


>> No.22550341

Hold ETH and Polka, nothing else...

>> No.22550342

which ones breh

>> No.22550360

Hold Bitcoin, nothing else...

>> No.22550649
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Buy some RSR.

>> No.22550818

30% gold/silver bullion and paper, 30% crypto, 30% gold and silver miners, % 10% Fiat for expenses. Short the USD

>> No.22550838


All in LINK

>> No.22550840

Start a small business from something you are good at/know well.

>> No.22551070

I'm at $1MM. Most of it is from work.
My advice would be to put most/ all of it into a VERY well-diversfied stock portfolio and/ or passive index funds. And then just be patient. Don't try to time the market or stock pick too much (there's a 95%+ probability that you're not smarter than the markets). My portfolio:
> 74% stocks/ index funds
> 10% real estate (my home)
> 6% crypto
> 10% cash (want this to be 0% long term)
I will probably put 3-5% into gold/ gold stocks soon for diversification.

>> No.22551139

but 150k is nothing

>> No.22551311

How old are you? I think $150k is a lot of money if you're young. Don't underestimate compound interest. Most middle class wagies don't even have $150k to invest when they're in their 30s.

>> No.22551384

im 32

>> No.22551518
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I have 140k in boomer index funds and 10k in crypto. I guess not too bad for being mid 20’s familia

>> No.22551704

Nothing special, vanguard shit. It's after tax money I'm holding onto to do something with just not sure what and just trying to keep up with inflation for the time being.
>health care fund
>tech fund
>generic reit fund

>> No.22551721

oops replied to myself

>> No.22551766

$150k is not bad. If stocks return 10%/ year on average you will double your money every 7 years. And on top of that there's the money you save (and invest). Don't forget that money grows exponentially over time.
It obviously depends on how much you save, but you could be at $300k in 4-5 years. That's $21k-$30k/ year (7%-10%) in passive income for "free". Not too shabby.

>> No.22551771

It's fine advice, but you won't get rich doing this. 1 million is also 'nothing'

>> No.22551805

What the fuck is compound interest you fucking boomer. Name a fund that provides interest rates worth a flying fuck

>> No.22551818

$1MM is lunchmoney compared to the average anon on this board

>> No.22551838

thanks bros

>> No.22551848

Nice. Outside of inheritance fags, very few people have that much in investments in their mid 20s.

>> No.22551850
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>> No.22551878

This. Real interest rates are negative

>> No.22551889

so what then?

>> No.22551945

Buy real assets. Gold bitcoin land

>> No.22552054

real estate and maybe gold

Buy real things. It’s easy to buy paper and that’s why everyone does it. You think there’s ever any easy money? No.

>> No.22552147
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You get UBXT, its still at a very low mcap now. Get it on serum or sushiswap

>> No.22552156
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>You think there’s ever any easy money?
some people are making easy money well the smart ones who cash out are.

>> No.22552223

Oh I thought we were talking about real life not Vegas. My bad carry on

>> No.22552230

invest it

>> No.22552252

but the odds have been in the favor of the players for the past 6 months like by a lot. i was just too stupid to take advantage

>> No.22552295

> you won't get rich doing this
You will over time. If you think 7-10%/ year is too low then investing just isn't for you. Go gamble at your local casino or hope you strike gold gambling on shitcoins.
> 1 million is also 'nothing'
Nothing compared to what? It's more than 95%+ of people around my age in my country have. A 2x from here and I will be set for life. $2MM at a 4% withdrawal rate is $80k/ year with zero work. That's enough for me (and most other people who aren't normalfag turbo consoomers).
> What the fuck is compound interest
Not a boomer, google it if you're interested. It's one of the most important concepts in investing.
> interest rates
I assume you're talking about bonds? Interest rates are at 0% (or worse) in most of the world. You have to invest in risky assets (stocks and real estate) if you want a decent expected return.

>> No.22552306

Put it all on red, no wait black. Go all in baby YOLO

>> No.22552330

oh you think stock growth is interest

>> No.22552452

So? The equity risk premium is at >7%.
Real estate is not any more real than owning a piece of a company (stocks).
It's fine to have a few % in gold or crypto, but you shouldn't overdo it. Gold has a beta of around 0 and a real expected return of around 0% long term. Gold is fine for diverisfication, hedging and preserving wealth but it's not good for building wealth over time.

>> No.22552470

>t. Cuck

>> No.22552553

The term "compound interest" is used about any return on investments.. If you wanna learn some basic personal finance then use google or investopedia.

>> No.22552612

Multi-family home in a slumlord area.

>> No.22552662

What are dividend payments