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/biz/ - Business & Finance

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52483212 No.52483212 [Reply] [Original]

My grandmother is dying and she’s hinted that she’s going to give me a lot of money when she finally passes.

I don’t know if it will be more than my cousins but I’m the only family member that’s actually nice to her and visits her often. I also don’t know how much exactly but her house is worth like 6 million AUD and there’s more money saved away.

For all I know it could be anywhere from 100k to 1 million but my aunt and dad are definitely getting the majority of it.

Crypto is shit going forward and options seem risky? What should I do with my inheritance?

I was thinking of using small amounts to learn option trading maybe and if I do inherent a large amount I could buy a property but housing is expensive as fuck in my city so Idk.

I’m young (21) btw. Only just finished my first year of Uni.

Any general advice is appreciated.

>> No.52483269

>>52483212
Do not use inheritance for option trading. Why risk that money? Just DCA in this bear market and you'll have more than your aunt and dad in the next bullrun.

>> No.52483283

>>52483212
First, don’t expect it until you see it happen.

>> No.52483297

>>52483269
DCA? I’m a newfag to all things finance and I haven’t traded crypto before and don’t know where to start. I was under the impression that it was fucked forevermore atm.

I’m hesitant to learn off here since there seems to be lots of ppl shilling scams and the like.

Also when I say ‘soon’ I mean that it could be anywhere from a few months to a few years. She’s definitely dying but idk when exactly.

>> No.52483295

First get rid of any major debt you're in
Then put some in a savings account in your bank, so you can save up to buy your own home. It's in the future, but you have to look ahead
Then put some into stocks that pay you returns. Not all in one stock, only as much as you're willing to lose, and don't day trade.

>> No.52483298

its always way less than expected dont get your hopes up

>> No.52483300

>>52483212
It sure is bad about the a grandma!
Buy NIGGERCOIN it has the best privacy features!
>greened out thumbnail of pepe (i am one of you)

>> No.52483326

>>52483298
I’m not really expecting anywhere close to 1 million. Idk she’s said that she wants to give a bit to everyone and my dad drew up her will as well.

Even with a ‘small’ amount I want to make sure it’s put to good use.

>> No.52483329
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52483329

>>52483212
If digits: piss away your grandma's money on shitcoins

If not digits: low-fee index fund

ROLL

>> No.52483379

>>52483329
Rolling