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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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30429774 No.30429774 [Reply] [Original]

/biz I need your advice and I apologize in advance for having to re-post this in the future to get some insight. I entered crypto in 2017, with approx 10K USD from my line of credit. I lost 80% of my portfolio over 5 times. I was a medical student back then and now I'm a resident physician working >100h/week. I worked extremely hard, alongside my studies, to build up my portfolio and now have ~700K USD. I do not want to cash out cause I don't need the money. I have a terribly busy life and I've never had a chance to learn about lending/borrowing and maximizing passive income. My plan is to 'tether' by the end of 2021 and just take passive income and re-enter crypto only if we see a massive >70% crash. I have a few years left in my residency training but my project income would be somewhere around 200-250K then hopefully 400K after a few years of practicing.

My question is, how do I maximize my passive income from USDC with minimum risk/hassle? Looks like depositing to AAVE gives me ~10% APY but I'm sure there are ways to maximize that. This is a genuine thread so I appreciate all your insightful comments.

>> No.30429893
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30429893

>>30429774
there's only one place I can think of. rewards + apr will come out over 100%

>> No.30429938

>>30429893

care to provide more info?

>> No.30430011

>>30429938
bancor, there's at least one thread here every day. Dyor

>> No.30430035

>>30429774
I think we wont see huge crash. Thats why people like you are forever priced out. You got left behind with no chance to jump in.

>> No.30430049

>>30429774
Hi medfren. I'm a medstudent from brazil taking the steps in a few months.
Look into https://terra.mirror.finance/stake and https://defipulse.com/income
Were you able to accumulate anything with the $70k you got from residency? Is it even worth it?
I'm thinking I could just start working here without a residency and just make it from crypto before 2022.

>> No.30430134

>>30430035
thx sold 100k

mu u u new paradigm

>> No.30430173

>>30430035
he said he was in crypto in 2017 retard

>> No.30430477

>>30430011

Thanks. Is AAVE the safest? but the APR just low? USDC is now around 10-15%?

>>30430049

all the best on your steps, I threw in 10K from my med line of credit, and grew my portfolio, the money I'm making in residency goes to pay the rent, bills, and my current life style.


>>30430173
I bought the 'top' in 2017, a super naive normie buying the hype, which is why I lost my portfolio many times before learning the system.

>> No.30430711

>>30430477
>all the best on your steps, I threw in 10K from my med line of credit, and grew my portfolio, the money I'm making in residency goes to pay the rent, bills, and my current life style.
Thanks. Are you able to sustain a nice lifestyle? Although I'm a huebro, I honestly have a great quality of life over here. Are you in a community program?

>> No.30430848

>>30430711

I always prioritize the quality of life over 'making money or saving money', I'm renting a condo in one of the biggest cities of the country (condo sale prive is >1m, tho I'm renting it) and drive a BMW X5, and really enjoy my life style. No I'm in a top 5 program in a big major academic centre.

>> No.30430914

>>30429774

Have fun with your nosocomial infections. And be sure to triple mask. Lmao

>> No.30430972

>>30430914

thanks man, yeah I guess I signed up for this haha

>> No.30431256

70% crash is not likely. you'll be lucky to see a 50% crash. My money is looking like 30% - 40% if anything.