1 million dollars is actually a lot of fucking money

[Anonymous No.57354772]

[Anonymous No.57354789]

>>57354772
its really not.
100k in 1980s is like 400k today.

[Anonymous No.57354863]

>>57354789
stfu demoralizing nigger, 1 million is enough to buy a small house, a car and invest the rest and live off divvie income if you live in an affordable area

[Anonymous No.57354882]

>>57354863
This. Im from EU so even better. Problem is, lack of ETF paying dividends here to pick from to buy with your bank (dont wanna use some dodgy platform)

[Anonymous No.57354887]

>>57354789
400k is enough to make it in eastern europe
750k for southern europe
1MM in northwestern europe
1.2MM in US (except LA and NY)

[Anonymous No.57354891]

>>57354772
it's not
>>57354863
>1 million is enough to buy a small house
>1 million
>small house
was that on purpose? kek

[Anonymous No.57354902]

>>57354882
Revolut is a licensed bank in the EU now, buy an S&Pee ETF with them

[Anonymous No.57354914]

it is a lot. people who say it isn't a lot it's like.. yeah would you like to lose 1 million dollars? fuck no. even if i had 900 million dollars if i lost 1 million for nothing id be pissed.

[Anonymous No.57354945]

>>57354772
For guys like me who have only 40K in their bank account it is.

[Anonymous No.57354951]

>>57354772
I have almost $10K saved up. how to turn into 1 million fast?

[Anonymous No.57356265]

>>57354772

Don't listen to the demoralizing faggots. 1 Million dollars is life changing money. Not everywhere is America. In most countries, that's enough to live the rest of your life never having to work again. In a lot of states, you could retire on that and live off dividends. Sick of these delusional greedy faggots that think they need $10 million+

[Anonymous No.57356270]

>>57354772
my life hasnt changed much from 30k to 1 million. i still cant afford a home. i still have to go to work every day. its really...just sad.

[Anonymous No.57356327]

>>57354772
>>57354789
>>57354863
My sister bought her dream home for 400k.

[Anonymous No.57356341]

>>57356270

Houses do not require $1mil to purchase, you retard

[Anonymous No.57356527]

>>57354772
Not in shitholes like America where cardboard houses cost $600k but a lot of money else where. I cannot retire with that here but I can live off of it for decades or make my dreams come true and still have hundreds of thousands left.

[Anonymous No.57356688]

>>57356265
What do you mean when you say live off dividends? Do you mean putting all of that money into a stock and just letting it sit there while it pays you?

[Anonymous No.57356753]

>>57356688
Multiple stocks that pay dividends.
If you're smart, you can pull about 60k a year in dividends out of 1m invested. Reinvest that money into the same stocks (as long as it makes sense) and get that compound interest effect.

[Anonymous No.57356760]

Forgot to add. That is on top of the stock's value going up.

[Anonymous No.57356780]

>>57354891
I just bought a nice 3 bedroom house in a 99% white neighborhood for $320k

[Anonymous No.57356793]

>>57354887
More like 2mil for safe USA Fire with children.

[Anonymous No.57356818]

>>57356793
After your bag goes 100x and you make it, pull it out and put it in dividend stocks or T-bills or something, then reinvest a portion of the dividend payouts into crypto during bear markets. Keep repeating this until you have as many millions as you're comfortable with

[Anonymous No.57356895]

>>57356753
>>57356760
Thanks, anon. Makes sense!

[Anonymous No.57356946]

>>57356895
No worries, and good luck

[Anonymous No.57357035]

>>57354772

it's not just any 1 million dollars, it's 1 million dollars in cash, the most liquid asset. That's why it's a lot of fucking money, because for most people they cannot in their wildest dreams have 1 million in pure cash despite however they try to save and wage.

[Anonymous No.57357295]

>>57356265
Would you need to invest the whole million to start pulling 60k a year? I'm thinking of going all in this run and if I get lucky, no more wagie hell ever again

[Anonymous No.57357321]

>>57357295
Yes.
$1m at 5% is $50k a year. 5% is currently achievable with essentially no risk. You might even be able to pull in more than that safely

[Anonymous No.57357337]

>>57357295
> Would you need to invest the whole million to start pulling 60k a year
Yes. Unless you are a genius or super lucky.
What most reatrds who get into money too quickly do, is do, is buy a nice house, buy ridiculous luxury cars, then be left with 100k which they invest in risky ways and lose it all in the end.

[Anonymous No.57357340]

>>57356265
>reality is demolarization

[Anonymous No.57357358]

>>57357321
Robinhood is giving 5% just to leave cash uninvested, as well as a current promotion for 1% match so for 1m you’d get 10,000 free dollars just for putting it in their platform

[Anonymous No.57357607]

>>57357358
Except most, if not all, of these accounts aren't FDIC insured. If you're not actively investing on the platform, don't store all of your liquid funds there. Split it up amongst several HYSAs at multiple banks to reduce risk. But you're ultimately better off jnvesting into low-risk dividend blue chips or ETFs to beat 5% and stay ahead of inflation.

[Anonymous No.57357659]

>>57357358
>put 1m in
>get 10k
>pull all funds
>put 1m in
>get 10k
>pull all funds
>rinse repeat
??

[Anonymous No.57358492]

It is. The only reason why people here are saying it isn't is simply because the cost of housing has gone up so much. Also, many will say "inflation" but they don't explain which specific parts of the inflation are so bad. People can survive inflation on food. They can't survive inflation on housing, and housing of course is the one thing that's inflated the most by far. Thank Wall Street and stingy boomers for everyone's suffering.

[Anonymous No.57359416]

>>57354902
s&p distribution etf pays like 1 or 2% how tf im supposed to retire on such low yield

[Anonymous No.57359425]

>>57359416
Revolut has other ETFs with higher dividend yield
just type dividend in the search box and shop around

[Anonymous No.57359435]

>>57354887
i have 400k from spain
what are the next steps?
i need a 3x
then wtf do i buy if I have no SCHD here? what is the end game to live of divvies?

[Anonymous No.57359437]

>>57354887
>tfw 900k in USA
I’m so fucking close

[Anonymous No.57359446]

>>57359435
>3x
Bitcoin
>I have no schd here
there are other dividend paying ETFs here

[Anonymous No.57359474]

>>57359446
Check the ticker EXSH, I don't know if it's available in all euro countries but it's available in Portugal, it's a blackrock etf that has high div paying euro companies and it pays 8.8%

[Anonymous No.57359492]

if you can't create an amazing life for yourself with 1m you are a retard. needing 100m to feel anything resembling happiness is not a flex

[Anonymous No.57359556]

>>57359446
>Bitcoin
But tink about it. When people say "bro, just YOLO on BTC" they time the perfect top. What if it peaks at 110, and you waited for 120, then you keep waiting like a retard, and you are down again? This things happen like this, you always think its just a correction and it keeps going back. When you realize, the pivot already happened.
This is why im looking at MSTR. Offers a premium, would give me a margin of error to not need to time the top. Assuming Saylor doesn't fuck up, I trust this more than leveraged ETFs or miners or options or whatever the fuck.

And I may gamble on MARA if I have to buy a miner. Apparently they are the top dog, but the thing is, these things can change fast. A competitor can beat them, then what. What if some bullshit happens?

Anyway, BTC is not enough, lets not kid ourselves here. You are not timing the top.
>here
You from Spain? Which ones? look at this list. This is what I can buy. I have been looking and I can see is, very low paying yield (you gotta be rich as fuck to retire on 2% yields) or some very volatile stuff. Like this one:

iShares Core FTSE 100 UCITS ETF (Dist)

which pays a 4%, but look at the chart, and no growth compared to SCHD. SCHD kicks ass but fucking EU does not allow to buy it. Maybe throught some dodgy broker online platform but I'll pass.

[Anonymous No.57359560]

>>57357659
The gov gets on your ass if you do that, also he forgot the most common thing.
>put in 1 mil
>oops we are bankrupt!! NO REFUNDS RETARD KEK btw your fees we just made up are to still be paid

[Anonymous No.57359569]

>>57359437
100k black jack hand, win 3 in a row.

[Anonymous No.57359595]

>>57359556
Bitcoin doing a 3x within say 5 years isn't a risky play, you don't need to time it perfectly just DCA and put limit orders at the price where you can 3x your money.
Miner stocks are incredibly risky though so be careful with them, also I would trust the spot ETFs more than microstrategy's stock, a covered calls strategy on them would pay a lot thanks to btc's high volatility, I would buy BTC ETFs and sell calls at the price you want to sell anyways if you want to be exposed to BTC through a broker
>>here
>You from Spain?
kek by here I meant from europe, i'm portuguese
do you have EXSH (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) or only the ones on that list?
EXSH invests in high div yield euro stocks (think telecom and energy monopolies), safe high divvies
also Revolut (where I hold stocks) is very legit now, it's a fully regulated European bank now (it wasn't a few years ago)

[Anonymous No.57359609]

>>57359595
I dont trade with options because I want to hold something, if im on the wrong side of the trade I can bagholding something of value, not some smoke and mirror contract thing, I dont evne know how they work. If BTC takes 5 fucking years to 3x its over. The thing with DCA is, you can fuck it up, statistically going all in has worked better at least sp500. So here im waiting for like a cool crash to 30k, I would go all in.

I have no BTC ETF here anyway. MSTR I can buy on my bank. The premium is cool. Saylor knows what he is doing, he holds a massive stack himself. ETF boomers don't know anything. I also like Saylor's use of debt, he has a fuckton of debt at very low interest that he can use to buy more. He has frontrunned everyone. If the rest want to hold more BTC they will just pump his bags. He is also working to be the biggest lightning network liquidity provider. He has a deal with microsoft. I think this can be a good play to get more performance than pure BTC. But man those miners were on a tear the past few months. Question is, will they go up on a halving? the halving cuts their cashflow in half... it will be brutal for some, but i assume, those that survive will pump.

Your STOXX one has 0 growth, it's flat. I want some growth over the years.

[Anonymous No.57359633]

>>57359609
>I dont trade with options because I want to hold something, if im on the wrong side of the trade I can bagholding something of value, not some smoke and mirror contract thing, I dont evne know how they work.
Selling covered calls will never lose you money just limit upside potential if the call you sell hits the strike price and the buyer exercises it, if you don't feel comfortable with options that's fine though

Also expand more on MSTR and why you think it's better than the ETFs, is it because Saylor is slightly more leveraged?
>But man those miners were on a tear the past few months. Question is, will they go up on a halving?
Theoretically miners will profit a few months after the halving after the price goes up, the halving cuts their profit in half in the short term, they're breakeven price is 35k so for them to be profitable bitcoin has to go above 70k this bullrun
>Your STOXX one has 0 growth, it's flat
Yeah it's literally just euro monopolies basically, growth and divvies are inversily coorelated though, there are some 5% div stocks with some growth, you can also pick high div stocks individually (like AT&T and the like)

[Anonymous No.57359651]

>>57359633
and yeah I would also go all in if we touch 30k again

[Anonymous No.57359710]

>>57359633
SCHD pays a cool 3.8% and has a good growth
i dont know how to manage a div portfolio so i want an etf but in eu there is less options
MSTR read up on Adam Back posts on twitter, if he thinks its cool it has to be safe

[Anonymous No.57359713]

>>57359710
>MSTR read up on Adam Back posts on twitter, if he thinks its cool it has to be safe
thanks spainanon, will look that up

[Anonymous No.57361947]

>>57354772
Specially in countries like India 1 million usd can be considered generational wealth here not even kidding.