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/biz/ - Business & Finance

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27145752 No.27145752 [Reply] [Original]

All right then, after lurking here and reading a bunch of investment books I started investing last year. Here's where I am at the moment, would love some comments or criticism (or just call me a faggot that works too). I'm in my 30s, so starting late in the game, but I was lost for a very long time, got a very stable job with a good salary that lets me set aside some money.

1. Debt:
- I have no debt, no mortgages, loans, credit cards, any form of debt to private or corporate entities.

2. Real Estate:
- I own a 4 room apartment with cheap utilities and a humble 7 acre of arable land inherited from my family that is doing nothing at the moment. I should inherit 50% of an old rural house eventually.

3. Investments:
- 10 000 bucks in a savings account, CDs are too restrictive, (this is never getting touched, it's my rainy day fund if I lose my job, I could survive a year with that money easily)
- 1000 in crypto, I bought hundreds and sometimes thousands of tokens from at least 3 dozen shitcoins. No BTC.
- 1000 in a Vanguard S&P500 index fund (roughly 7% return per year, I plan to let it sit for 30 years with annual contributions of 1000 which will end up at a bit over 100 000 in 30 years thanks to the compound interest)
- 1000 in another ETF, I am not sure what I will do with this one, probably end up contributing 1000/year for 30 years as well.
- 1000 in stocks, Fidelity broker, 50% are blue chip ones, 50% small cap stocks. This is strictly to learn the ropes, I am prepared to lose it all. Not doing shorts, futures or margin yet, straight up market and limit sales.


4. Mid term goals:
- invest in a third fund, looking at REITs or run of the mill mutual funds. Possibly a britbong one.
- invest at least 2k more in popular crypto - XMR, Link, etc. No BTC unless it crashes hard.
- invest at least 5k more in stocks
- look into dividend paying stocks (haven't figured this one out fully)

cont...

>> No.27145775

>>27145752

5. Long term goals:
- buy a couple of small apartments and rent them out for additional income.

6. Notes:
- not investing in precious metals unless there is a big dip, they seem to be more for wealth preservation than gains.
- not investing in bonds for now, the return is too pitiful for my investment budget.

Thoughts? Advice?

>> No.27146005

>>27145752
You're going degen gambler on crypto and ultra conservative on the stock market. Why?

>> No.27146020

>>27145752
Link to VC?

>> No.27146058

>>27145752
>1000 in crypto, I bought hundreds and sometimes thousands of tokens from at least 3 dozen shitcoins. No BTC.
You may as well invest in used lottery tickets

>> No.27146131

>>27145775

All in LINK

>> No.27146132

>etf
>index fund
>bought shitcoins but no linkies or BTC
sad
>buy a couple of small apartments and rent them out for additional income
I hope you understand what a pain in the ass managing this shit is. It's like a full time job. If you're not one of those car salesman type guys maybe it's not for you, I know it's not for me

>> No.27146189
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27146189

Dude just put 50% in bullion and 50% in DOGE
Before you know it you'll be driving big Lambos, renting condos and Zoom calling with ELON MUSK
biz is always right
Please buy from Schiffgold

>> No.27146514

>>27145752
bitcoin will hit 120k ( insanely safe call) in the next year.
i would say it will hit 1 million but you will call me insane braindead degen faggot.
so. buy btc

>> No.27146835

>>27146514
Not OP but these targets are inevitable. $130k this sep/oct, $1M in aug/sep 2025.

>> No.27146928

>>27146132
>>buy a couple of small apartments and rent them out for additional income
>I hope you understand what a pain in the ass managing this shit is. It's like a full time job. If you're not one of those car salesman type guys maybe it's not for you, I know it's not for me
That’s why you just use a property mgmt firm

>> No.27147026

>>27146514
>>27146835
next cycle 1 mill is an inevitability.
This cycle could in theory hit the $300k mark but it would be wildly unsustainable and I wouldn't bet on it but hey, anythings possible.

>> No.27147026,1 [INTERNAL] 

all in shiba

>> No.27147817

>>27146005
Because I had less faith in crypto when I started. I am inherently cautious and prefer slow and steady gains than risk. I will put more in the established coins though.

>>27146132
Give me 1 (one) why index funds are not good when they have shown long term return of almost 10%.

>>27146514
I think the BTC train has left. I had opportunity to invest when it came out and I thought it was a scam. Sad!

>> No.27147919

>>27145752
>>27145775
Go blog somewhere else

>> No.27148018

>>27147919
>talking about investments on /biz/ is wrong

Sad!

>> No.27148022

>>27147817
>I am inherently cautious
>invests in stock market bubble
>>27147817
>I think the BTC train has left.
You're trolling
saged

>> No.27148091

>>27148022
>bubble

No such thing. The market grows at a steady 7% over long periods of time. If you invest and hold long enough you will get gains.

>> No.27148150

>>27148022
...and I am not trolling. Everyone has a differing opinion on BTC.

>> No.27148539

>>27148091
Long overdue for a bear market. Sorry friend but infinite bull market is not sustainable.
>>27148150
Your posts just make it apparent that you don't view crypto seriously. Which is fine. Understand the market is 10 years old and it has plenty of room for growth. There is no need to gamble when the obvious choices are right in front of you.
The total market cap is at 1 trillion. You could throw a dart at basically anything in the top 50 and walk away with a 5x return minimum by the end of the year.
But by all means stick to the pozzed out legacy markets

>> No.27149169

>>27148539
>Your posts just make it apparent that you don't view crypto seriously. Which is fine.

As seriously* would be better, but it has grown on me, hence my investment. It will be 50% of everything I put in the regular market, so that shows commitment, no?