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/biz/ - Business & Finance

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25302057 No.25302057 [Reply] [Original]

I got out at $18 after the $20 cap a few months back. Left me with $380K.
I bought a piece of land innawoods and a nice old little house for $160K. I have about $220K left.

Today, I let a cute, blonde wealth manager talk me into letting her firm invest my money in stocks.

I figure Biden is about to print a trillion $100 bills. Inflation will be ridiculous. The dollar will be worthless. But, historically, when this happens in a country, the currency becomes worthless but stocks take a trip to Mars.

She went over the various ETFs that their aggressive investment plan would be investing in. A lot into the S&P500.

Did I just fuckup?

>> No.25302100

>>25302057
why are you paying some blonde bitch to manage your money for you?

>> No.25302126

>>25302100
Because I am not a 140IQ autist. I am a hard working 110IQ Normie who doesn't know how to manage money.

>> No.25302127

>>25302057
even as a poorfag I know not to trust a women with my money. also who cares about stocks mooning if the currency goes to shit

>> No.25302133
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25302133

You'll be fine don't worry about being involved with your investments the professionals will handle it.

>> No.25302182

>>25302126
apparently you're a sub-75 IQ mongoloid if you're taking financial advice from a woman and not a jewish man

>> No.25302196

I wouldent be doing that unless she was physically intimidated by my presence

>> No.25302200

>>25302057
So you didn't pay taxes? Or did you just factor that into everything you say? Or are you just larping?

>> No.25302215

>>25302182
Jewish man here, I don't give legitimate advice to goyim

>> No.25302229

>>25302215
not even when you're paid to?

>> No.25302306

Look out for management fees. Your money might go up or down, but they will take their cut for the back breaking task of handling your money with no consequences. 1-2% over 10-20 years really adds up.

>> No.25302322

>>25302126
>doesnt know how to buy and hold index funds

you're not going to make it.

>> No.25302353

>>25302057
Smart move buying a house. Did you divest entirely out of crypto? Probably worth keeping some in but my read of the tea leaves is the same as yours; uncle joe will crank up the brrrrr which will boost asset prices further.

That said you don’t need a wealth manager at those levels; you could do a TD Ameritrade account and just buy SPY SPYD etc. you really only need wealth managers when you have wealth to manage e.g. you need trusts, estates, tax scheduling, inheritance consulting, etc

>> No.25302357

>>25302057
>Did I just fuckup?
Yes

>> No.25302402

How much of that goes to the IRS?

>> No.25302480

>>25302057
this is actually gr8 b8

>> No.25302490

>>25302057
Wow so this is what happens to ex-linkies? They turn into simps for wealth managers? Fucking pathetic

>> No.25302581

>>25302127
Women can be very good with money. Dudes be sucking dick for no money too.

>> No.25302652

>>25302306
This. She's probably right in the info she's convening to you, but she ain't doing much actual work for your assets. You can do the same thing she's doing and avoid her/her broker's 1-2% fee which will add up considerably.

>> No.25302672

>>25302215
You also get gassed and kicked out of places mother fucker yeeee haw Moses got fucking rekt.

A joke. I know some good Jews. I know some bad ones too. Funny how stereotypes are such half truths though.

Why are y'all liberal though? Far left is socialism and Nazis were fucking socialists lol. Fucking dopes lol.

>> No.25302726

>>25302672
brainlet

>> No.25302767

>>25302726
Your mom gay.

>> No.25302828

>>25302672
SELFloathing
the fuel that fuels the
liberal (vangaurd)

>> No.25302875
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25302875

>>25302057
>pointing out that a girl is blonde as if it makes her special
This post was written by a shitskin. Sorry you live somewhere where being blonde isn’t the norm

>> No.25303405

>>25302127
It's not the woman, it was the companies portfolio. She was just strikingly attractive. Uncommonly so.

>> No.25303407

>>25302057
You fucked up bad anon. Get your ass back in the crypto market.

>> No.25303444

>>25302200
Taxes factored into the whole thing. The tax advisor actually recommended me to the investment firm.

>> No.25303485

>>25302306
I noticed that in the fine print. 0.7% until a Million then 1%. Additional fraction of a percentage for every 5m capped at 3%.

>> No.25303498

OP should just call them and cancel everything and he can start the entire process again when he is less horny if he still thinks it is a good idea.

>> No.25303499

>>25302322
My house and land... I've already "made it" fren.

>> No.25303592

>>25302353
No, I still have some money in crypto. Still have some 5000 linkies, 50ish Ethereum, 2 BTC, and a few thousand in a number of other coins. Including XRP (rip - down $2K).
Could you recommend any good reading?

>> No.25303612

>>25302402
$66.2K.

>> No.25303635

>>25302057
What is your advice to the faggots that held?

>> No.25303647
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25303647

>>25302875
I prefer blondes.
And I am whiter than you, Cleetus.

>> No.25303677

>>25303635
I held a fair amount. I'd say keep holding, the crypto market is going to dip before a scoot to the moon, I think.

>> No.25303947

>>25302672
Ha, I'm Jewish and not all of us are leftists. A lot are actually pretty centrist. I'm a right leaning libertarian personally and all this SJW bullshit just seems to get worse every year. I hate how we get blamed for all the fat purple haired cunts in human resource departments....

>> No.25303967

>>25302828
Yes, it's true. The unabomber was right about leftists. It's a self loathing ideology.

>> No.25304797

>>25302126
and neither is she. A fucking woman will lose all of your money you dumb nigger

>> No.25304816

>>25304797
Many types invested here. They'll make it when and if you do, whether you like it or not.

>> No.25304847

>>25302126
based based retard larp

>> No.25304978

>>25302057
>Did I just fuckup?
yeah
I work for an investment company and broker dealer
these people aren't geniuses, they cant predict the future
all they do is what everyone else is doing
they have blinders on to the reality of what is going on in this world.

you, based on making money on link of all things, is far beyond all the whatever bullshit an investment manager might hold out as proof that they know what they are doing.
they have no clue, and the only thing going for them is the federal reserve being in their corner, pumping the stonk market

get the cute blonde to suck your dick and then take your money and run
you can be making moves on your own that will be better than whatever they are doing.
worst case, just dump it in vanguard and skip the management fees.