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/biz/ - Business & Finance

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28886630 No.28886630 [Reply] [Original]

>$1.4 million
>7 figures, but still not enough to quit my job
God, waiting around for this bullrun to really take off is excruciating. I know I'll probably get to retire some time this year, but I don't know how long it's going to be and it feels like its never going to happen. I can't possible get the thing I've been dreaming about almost every day for years.
I just need to break $3 million. That's enough to where, even after tax, I'll be able to live very comfortably off boomer stocks forever without touching my principle even if we have a few bad years. That's just a bit more than a 2x. How much fucking longer do I have to wait if I'm in btc, link, and rsr? I want to start my real life

>> No.28887376

>>28886630
How much can you get yearly with 3m investment?

You’re literally me but I have like 1.2m

>> No.28887400

Its more than enough to quit your job. Just make sure most of your money is in BTC, ETH, LTC and other good coins and wait until you you are over 5 million. Then slowly start selling, pay your taxes. Now invest into boomer stocks but also keep some money in crypto, especially on the big ones.

>> No.28887618

it's enough to quit but you don't want to cuz deep down you know you're just a soulless wagie with deep pockets, and that's all you'll ever be

>> No.28887714

>>28886630
im exactly in the same situationa s you, im at 1.5m but waiting to break 3m like you to retire.

>> No.28888251

>>28887714
sure you are sweetie. more like 1.5k and 3k lmao

>> No.28888352

>>28886630
Youre a pathetic faggot whos scared of losing money.
Id already be 8 figures if I had a million in my port.
>the meek will inherit the earth
Kek bull fucking shit.

>> No.28888427

>>28888352
lol poor bum you would've already lost everything
and that's why you'll remain poor for the rest of your life

>> No.28888468

>>28887714
>>28886630
literally same as both of you

>> No.28888498
File: 309 KB, 1080x2400, Screenshot_20210216-151015_Robinhood.jpg [View same] [iqdb] [saucenao] [google]
28888498

>>28886630

Buy CLF

Look at X

>> No.28888543

>>28886630
>7 figures
>not able to make enough money to never work again
anon you might be a larping millionaire, but wtf are you stupid, going to lose it all

>> No.28888597

I quit at $100k and will never put a penny into boomer stocks. You sound like a hopeless faggot.

>> No.28889351

>>28888352
You sound like someone who doesn't understand that 6 and 7 figure swing trading gets reaped by exchanges that use their own order books against you. You'd be front run and bled if you were big enough to be worth their while. There's a reason larger holdings are almost in BTC and ETH where you can OTC them once your targets are hit.

>> No.28889598
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28889598

>>28886630
>I want to start my real life
kek

>> No.28889721
File: 20 KB, 275x275, 19873410341346.jpg [View same] [iqdb] [saucenao] [google]
28889721

>>28887400
>falling for the HODL crypto brainlet scam
Yeah, and what happens when the FED decides to regulate and crack down BTC. You don't cash out in BTC anon, not while the fiat cartel is still overwhelmingly in power, you return to the source: gold.
https://www.youtube.com/watch?v=cwDVjIRkklU
https://www.youtube.com/watch?v=lBmDCwJ2DXQ

>> No.28889816

>>28888468

I'm 43, so with 3M, that would be more than enough to retire and live comfortably for the rest of my life if I spend wisely.

I think at the end of the year we will reach 3M guys, just be patient.

>> No.28889998

>>28886630
I'm so fucking stupid
I want to kill myself

please share top 3 painless ways to off my self.

>> No.28890085

>>28886630
that's enough to quit your job. you probably just don't have any motivation i guess. it's probably a weird feeling to quit your job knowing that you'll now have to depend on a different form of income.. not only that, but you'll have to budget yourself and also put money aside for taxes. 1.4 million is plenty, but be mindful of what you're doing before you lose all your gains.

>> No.28890160

I only have 900k. I need a 3x from here to retire

>> No.28890475

>>28888352
then why don't you already have 8 figures?
I started with $1000.
>>28888543
active trading is work, and high risk work. So is starting a business, being an independent contractor, etc... I'm looking for consistent passive gains so I never have to think about money ever again. After tax $1.4 million is about $100k/year based on average S&P500 returns, but $40k/year based on the conservative 4% APY financial planners will tell you to use, which tries to take into account the possibility of recession, inflation, etc... which could lead to you having to weather a few years, or might make that $100k go a lot less far.
That's why I need $3 million before I quit. Its enough money to not have to worry about anything ever again so long as I put it in boomer stocks and dont go on crazying spending binges. Plus, if you break $3 million you can get into your bank's high net worth program which will get you your own private banker who will manage your investments for you. It's about buying peace of mind.
Even if I wanted to risk a $1MM retirement, I can't retire yet knowing crypto is well below peak and I need an income stream until I cash out. It'd be different if I already had fuck you money. The difference between $10 million and $100 million is really just an extra zero and a private jet. But right now I only have "get by living somewhat comfortably as long as the economy doesn't crash, and manage all my own investments" money

>> No.28890585

>>28886630
if you cant make it with that much you will never make it

>> No.28890717

>>28889816
the idea is that with $3MM you can retire for infinity years because your ROI on relatively conservative investments will be more than your expenses. Unless you spend like fucking crazy.

>> No.28890818

>>28889721
>crack down BTC

lol fucking boomer, the gubment can't even stop people from torrenting anything they want yet you think they can "crack down" on BTC hahahah

>> No.28891030

>>28889721
you havent yet realized big parts of our social life

>> No.28891414

>>28886630
thats not even close to enough for retirement. even some google codemonkey earns that in a year

>> No.28891435

>>28886630
get into staking (AAVE or BANCOR) so your holdings don't just sit in your folio idly.
I'd also exit BTC position, the upswing potential is too small for you to get into 3mil or anywhere close to that

>> No.28891633

>>28886630
anon why don't you hodl even after this and go for 10m$, then a billion.

>> No.28891754

>>28890475
Because I just started 3 months ago with $200 and am already at $18k.
I have balls, Im not scared to lose it all and have nothing, I already came from nothing.
The only thing to fear is fear itself.

>> No.28892556

>>28891754
>proud of making money in a bullmarket
>retard probably thinks hes a genius
ABSOLUTELY cannot wait for the bear market holy fuck its going to be so juicy

>> No.28892632

>>28886630
>I'll be able to live very comfortably off boomer stocks forever without touching my principle even if we have a few bad years.
hol up
I thought one of the selling points of link is that you could live off your staking

>> No.28892703

>>28886630
Buy some rose and 10x your current stack by friday
Not joking

>> No.28892805

>>28891754
Everyone is a genius in a bull market, you fucking newfag.

>> No.28892932

>>28891754
ok, thats it
the top is in

>> No.28893045

>>28892632
Sure, you can live off any staking if you have enough to stake and the underlying asset doesn't collapse. I'd rather move into boomer stocks for a variety of reasons, however.
>>28891633
because I want to quit my job, and also because crypto runs on a 4 year cycle so if I just keep holding I'll have 3 or 4 years of opportunity cost
>>28891754
Its a good thing you're not afraid to lose it all, because you will.

>> No.28893216

>>28889598
Everything on the image is true nolinker.

>> No.28893763

>>28891754
lol muh 200–>18k is nothing. Go figure 18k was how much I paid for my linkies almost 3 years ago. Every dollar I had in my savings account from 12/hr wagecucking. So don’t tell me you have balls lmao we OGs came from nothing to and we know what we got. Patience is all
NEVER FUCKING SELLING

>> No.28893883

>>28891754
how'd you do it anon? crypto shit?

>> No.28893898

>>28887376
4% dividend yield. If you invest like a boomer.

>> No.28893948

>>28886630
4% conservative draw would last you a lifetime, 52000 USD a year would allow you to live like a king in most third world countries.

>> No.28893972

>>28893898
Does that even cover the inflation? lmfao

>> No.28894013

>>28886630
>God
still believes in magic

>> No.28894054
File: 41 KB, 400x500, 4EADBCB1-9CB2-45CC-ACD6-A4C5B26BA9C2.jpg [View same] [iqdb] [saucenao] [google]
28894054

>>28893045
>not wanting that sweet passive income in an asset created by design & massive demand to continually print you money in passive returns
ngmi

>> No.28894209

>>28893972
Oh no inflation will eat up my 60,000 after taxes I might need to take out some extra money

You people are fucking retarded give me your money and I'll never have to work again

>> No.28894503

Diamond fucking hands, I want to sell every single day and I know it would just keep getting better if I wait a day longer. And it fucking d o e s .
I try not to look at crypto markets so it doesn't bother me. But I know that very soon I will be able to do whatever I want with my own time. I still can't believe that 4chan told me about a gem 4 years ago and it would make me a millionaire before I am 30 . How fucking crazy is the world we live in?

>> No.28894526

>>28889351
>und like someone who doesn't understand that 6 and 7 figure swing trading gets reaped by exchanges that use their own order books against you. You'd be front run and bled if you were big enough to be worth their while. There's a reason larger holdings are almost in BTC and ETH where you can OTC them once your targets are hit.

Where can you OTC?

>> No.28894588

>>28886630
How much link are you holding fren?

>> No.28894705

>>28890475
>I'm looking for consistent passive gains so I never have to think about money ever again. After tax $1.4 million is about $100k/year based on average S&P500 returns, but $40k/year based on the conservative 4% APY financial planners will tell you to use, which tries to take into account the possibility of recession, inflation, etc... which could lead to you having to weather a few years, or might make that $100k go a lot less far.
>That's why I need $3 million before I quit. Its enough money to not have to worry about anything ever again
And what the fuck are you going to do after your "retirement" you fucking retard. You are going to become a pathetic depressed, fat sack of shit with no energy if you try to actively avoid doing any work at all. I am now "retired" for 2 years already with less than you have, and I still like being active in the market and will probably start some part-time job after the corona volatility fucks off so ut is less stressful to trade

>> No.28894786

>>28891414
Never gonna make it with your mindset

>> No.28894838

>>28886630
I would have already made it with that ammount of money

>> No.28894875

>>28894705
you are such a demoralizing idiot. You don't have to work your corporate 9 to 5 wagie work anymore. You can do anything you want you pathetic worm. have some imagination and stop thinking like sheep

>> No.28894985

>>28894838
if you wouldve made it already then you should have that kind of money. you dont so you wouldnt in reality

>> No.28894990

You are pretty much screwed if you can't make it work with 1.4m
No amount of money will make you happy, start reading

>> No.28895038

>>28886630
I know that feel anon. I'm at 2 million now but I still can't really quit my job. I did buy a lambo today however

>> No.28895044

>>28894705
lol kys

>> No.28895132

>>28895038
did you get some chicken tenders on the way home from the dealer. Did you flex to your mommy anon?

>> No.28895160

Why not farm some of your gains for a daily salary?