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

/biz/ - Business & Finance

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58636162 No.58636162 [Reply] [Original]

I just sold my Bitcoin and I'm putting the money into a Fidelity mutual fund. GG, crypto jabronis

>> No.58636207

>>58636162
>mutual fund
WEEEEEE

>> No.58636260

>>58636207
laugh it up low time preference nigger

>> No.58636269

>mutual fund

lmao, enjoy fees and paltry 8% annum

>> No.58636277

>>58636269
Cant be worse than the fees Jewbase charges

>> No.58636299

>>58636207
Not only did I invest in a mutual fund, but it was a MONEY MARKET mutual fund. Minimum risk.

>> No.58636304

>>58636162
fucking traitor putting the money in some stupid mutual negroid fund instead of a funny silly shitcoin like superverse or pepe

>> No.58636341

>>58636269
No fees as far as I'm aware and money market interest rate is about 4.5%.

>> No.58636342

>>58636260
he's right though, mutual fees are retarded because of the fees. buy an S&P 500 etf if you want to be a boomer

>> No.58636378

>>58636342
Its a money market mutual fund. No fees and it's 4.95% apy

>> No.58636380

>>58636378
>No fees
(X) Doubt
post the fund.

>> No.58636384

>>58636380
https://fundresearch.fidelity.com/mutual-funds/summary/31617H102

>> No.58636390
File: 14 KB, 495x221, fees.png [View same] [iqdb] [saucenao] [google]
58636390

>>58636384
dummy. over 10x the fees of a vanguard ETF

>> No.58636398
File: 459 KB, 1284x1018, IMG_4855.jpg [View same] [iqdb] [saucenao] [google]
58636398

>>58636390

>> No.58636403

>>58636398
you are such a brainlet lmao

>> No.58636411
File: 28 KB, 556x317, fees2.png [View same] [iqdb] [saucenao] [google]
58636411

>>58636403
here i'll spell it out for you
shlomo is taking your gains

>> No.58636418

>>58636411
well duh they take a cut from the gains i kinda assumed that

>> No.58636422

>>58636418
You’re also losing money to inflation which is like 10% if not higher

>> No.58636429

>>58636418
And what I'm telling you is the cut is OVER TEN TIMES what a good ETF will take, all for a measly fucking 4.95% APY.

>> No.58636435

>>58636398
>>58636418
The absolute fucking state of the 4chan "business and finance" board

>> No.58636437

>>58636422
Inflation is 3.3%

>> No.58636452

>>58636429
there's no such thing as a money market etf

>> No.58636767

>stock chads sitting on record highs
>cryptocels getting dumped on
it's time to grow up and get into some big boy investments

>> No.58636795

You know what's not a scam? $APUCLOWN.

>> No.58636816

>>58636341
>market interest rate is about 4.5%
That's complete dog shit lol

>> No.58636827

>>58636816
dogshit? sure. Safest investment on planet earth? yeah.

>> No.58636829

>>58636827
Stop being such a panty waist and go get some real returns. 4.5% is less than inflation by a wide margin. Your 3.3% figure is crap also.

>> No.58636867

>>58636829
3.3% is official US government numbers. The interest rate is actually 4.95%, for what it's worth.

>> No.58636896

>>58636867
>3.3% is official US government numbers.
those stats are juked. when mommy stops paying for your groceries you'll see for yourself

>> No.58636906

>>58636896
My nigger, if I was worried about paying for groceries my life would be a whole lot better.

>> No.58636917

>>58636162
imagine fading crypto before the elections when its already known that trump, conan, btc and eth will all pump thanks to the orange man winning

>> No.58636990

>>58636437
lol
good goy

>> No.58637387

>>58636162
Qan would have been a better investment

>> No.58637397
File: 1.52 MB, 5000x5000, 1710700184111238.png [View same] [iqdb] [saucenao] [google]
58637397

Unit of account is the primary function of money, it is this function that enables economic calculation, it is this function that enforces the game theory of voluntary trade and frees us from the hobbesian war of all-against-all. A fixed unit of account greatly simplifies economic calculation as price carries information, a unit of account is to a fixed unit of account as a conductor is to a superconductor.

People do not have an intuitive understanding of this magnitude of change, zero is not low, it's zero. There's a troll physics comic where coolface wants portable power so ends-to-end an extension cord and charges it up so the electricity runs in a loop, that actually works with superconductors (SMES), when you go from "low resistance" to “no resistance” weird things become possible, the same is true of unit of account -> fixed unit of account.

We now have an immortal, trustless, stateless, transparent fixed unit of account to ensure all the big, important tallies add up.

You think nothing will change? Old money is already priced out, sure they could still buy some BTC, but they'll never be able to acquire an analogous share, let alone the power to create more BTC. We've already entered hyperbitcoinization.

>> No.58639224
File: 144 KB, 1079x1046, vertical.png [View same] [iqdb] [saucenao] [google]
58639224

>>58636437
consumer price index is not inflation, slavemind, inflation is inflation.

>> No.58639351

>>58639224
Silence chud

>> No.58639364

>>58636162
stocks are a scam

>> No.58639365
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58639365

>>58639351
>he takes pride in simping for parasites
Sad. Superorganism Economy is now fully in control, bend the knee or be forgotten.

>> No.58640915

>>58639364
You can never go wrong on qanplatform anon

>> No.58640980
File: 77 KB, 695x720, 1699880856603844.jpg [View same] [iqdb] [saucenao] [google]
58640980

>>58636378
>4.95% apy

>> No.58641029
File: 47 KB, 735x671, Missile-Cryptoe Alert!.jpg [View same] [iqdb] [saucenao] [google]
58641029

>>58636162
i'm glad i invested way more in stonks than crypto for these past several years. i need to get off drugs and quit paying so much undeserved attention to that imaginary casino. 85% of my individual stonks have either doubled, tripled or quadrupled since covid-19. i'm profiting off all my cryptos now but maybe have doubled on 5% of them. not bad when i hardly invest in them at all, but still haven't doubled my BTC. bu-bu-but just DCA and hodl they say. it'll be at $100k at eoy every year since covid-19 they said/say LMAO

seriously the only way you can make money in the crypto casino fast is to short and long shit, but 99.9% of those that do that shit get swallowed up, the longer they play that game, especially when they're borrowing against imaginary money with unsecured money backed by real money that can only lead to bankruptcy and no more unsecured monopoly monies for you, bad boy

>> No.58642276

>>58641029
>I bought the tippy-top last cycle and have yet to re-enter
Bullish.

>> No.58644256

>>58636162
YNGMI. I'm still holding my BTC and diversifying with DUA for its low mcap and long-term growth potential, Fag.

>> No.58644284

>>58636304
I sold Pepe and went all in on Brillion utility token. Not interested in memes anymore.

>> No.58644433

>>58636162
It's your money, Anon, why should I care? I'd rather diversify with Peaq, which has the most DePINs prelaunch.