[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 24 KB, 512x512, 20220412_111217.jpg [View same] [iqdb] [saucenao] [google]
49392073 No.49392073 [Reply] [Original]

>portfolio ath: $2.2M
>Current: $1.6M
Should have sold everything and never bought back

>> No.49392114

It's better to have 1.6mil than 100k. Think about that before you go any further. I've been there. Trust me. Be happy with what you have while you have it

>> No.49392170

>>49392073
Ahahaha bro.

ATH = ~350k
Current = ~5k

If you're able to buy a house/escape rat race, I'd encourage you to do it.

Your stack, your choice

>> No.49392193

>>49392073
If I had 1.6M I would just cash it out and live on the passive income, that's 64k a year man

>> No.49392194

>>49392073
That's still a lot of money OP

>> No.49392226

>>49392073
cool you have 1.6m

>> No.49392766

>>49392170
I'm in a similar situation as you. How do you plan on getting your stack back?

>> No.49394508

>>49392170
Taxes are going to be brutal for u

>> No.49394551

you're still very rich. and if you just buy a bunch of VIG and BND you have serious income for life not to mention 1.5 mil. you only need to get rich once, i truly don't understand why rich people buy volatile nasdaq stocks

>> No.49394555

>>49392766
Not him, but as someone who went from 2.4m to 1m now, the answer is: wait, as always, and recognize that new ATH net worths are fleeting every few years.

Also, making enough income on under 2mm is basically impossible unless you either give up your growth potential or live like a hermit.

>> No.49394862

>>49394508
Taxes on crypto don't work that way unless you received crypto as payment.

>> No.49394921

>>49392193
a million will be worth $20k by 2030