Can This Work?

[Anonymous No.6653988]

>Have about 15+ btc
>Sell if btc hits around 75K+
>Pay tax
>Invest all of it in some sort of wallstreet portfolio
>Aim to earn enough % per year on it order to take a 75Kish salary
>Never have to work again
Is this possible?

[Anonymous No.6654040]

>>6653988
>btc hits around 75K+
Nope.

[Anonymous No.6654057]

If you have to ask around here, then you already know the answer.

[Anonymous No.6654121]

>>6653988
If you're happy with 75k/year for life then you don't belong in /biz/.

Get the fuck out of here.

[Anonymous No.6654172]

Yes, you can draw down 4% a year for eternity, backtested for all of history

https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirement

So to take 75k out, you need roughly 1.8m in index funds.

But a 75k salary is like 50k after tax, so you would actually only need 1.25m to live like someone with a 75k salary.

[Anonymous No.6654199]

I mean in theory yeah, you can easily find index funds that give around 5-7%, but idk about btc hitting 75k

[Anonymous No.6654220]

>>6653988
First part isn't reasonable, there are better tech and BitCoin will be gone when normies figure this out. Second part is smart, just be ready for bear markets and have a plan to work during those times, and make sure to reinvest to fight inflation.

But this is /biz/, so BUY MONERO YOU FOOL!!!

[Anonymous No.6654239]

>>6654121
75k/year would put you into top 1% in Central Europe. You'd live like an oligarch.

[Anonymous No.6654252]

>>6654121
most of us dont actually want lambos anon, most of us just want out of the rat race

[Anonymous No.6654258]

>>6654172
Great point.

[Anonymous No.6654261]

>>6654040
>>6654057
Why not though. It's safe to say the bubble will pop from around 40-120K. Then it's possible to make 5-10% on some wallstreet fund.
>>6654121
I'm not content with that, I still want my million, but I want to see if it's possible to earn a nice passive income to insure I don't have to work again.
>>6654172
This is interesting info thanks.

[Anonymous No.6654279]

>>6653988

>investing in fiat

Literally riskier than crypto m8

[Anonymous No.6654314]

>>6654252
Shit, you must be me. I'd be in heaven to have a job with lots of flexibility, low pressure, decent house, and time and money for a vacation once a year or at least enough to put my daughters through college so they aren't in the debt I'm in.

[Anonymous No.6654501]

>>6654239
>Central Europe
Nice shithole

[Anonymous No.6654566]

>>6653988
>>Invest all of it in some sort of wallstreet portfolio
You're better off putting your money in an index fund.

[Anonymous No.6654582]

>>6653988
BTC will prob break 100k around 2021, someone post that stupid graph.

[Anonymous No.6654621]

>>6653988
Tulip? More like two lips!

[Anonymous No.6654699]

>>6654566
Yeah something to that effect. To be honest I know fuck all about funds etc... I'm just wondering is it possible to make a solid 5+% in a fund per year.

[Anonymous No.6654751]

>>6653988
It could work. I would even consider doing something you love for decent money and meet people and shit. I do photography and run a bunch of clickbait websites and and make shit android apps. I earn close to 250 a week passively and about 1k -2k through photography on the weekends if I feel like working.

[Anonymous No.6654794]

>>6654121
Depends where you live. If you're in the US, 75k will let you live like a king in the rural south, but is just solid middle class in say the DC metro area

[Anonymous No.6654818]

>>6654252
This I hate working for other people. Middle management cocksuckers can blow me

[Anonymous No.6654889]

>>6654252
My sentiments.
>>6654751
Yeah my plan is to make 75K with some fund and then do something I love that's flexible hours and earns about 30K.
>>6654794
I'm EU.

[Anonymous No.6654912]

vaginas are so disgusting

[Anonymous No.6654987]

op, it's possible for sure
you can lock in 5% fixed rates essentially right now
better idea is to buy an apartment building or real estate investment like that you can get 15% easy

[Anonymous No.6655049]

>>6653988

>paying tax

Just use your gains to hire PMC's to "deal with anyone" who tries to repo you anon.

[Anonymous No.6655097]

>>6654912
fag

[Anonymous No.6655261]

>>6654912
same desu

[Anonymous No.6655306]

[Anonymous No.6655479]

>>6653988
I would focus on real money to accumulate wealth, not toy money.

$75k per year is about $110k before tax. I dunno, I'm not gonna go into different tax brackets, passive income etc. This is the internet so it's going to be wrong either way.

Assuming a conservative 5% return on your investment, in order to gross $110k you'd need $2.2M invested

But taking 2017 as an example, you would have only needed $645k invested as the return was something around 17%

[Anonymous No.6655649]

>>6654912

I mean they really are - genitals aren’t that attractive by themselves.

[Anonymous No.6655838]

>>6654252
I just dont want to be a slave anymore.. my life is wasted working stupid hours and not having a lot at the end of it.

[Anonymous No.6655965]

>>6653988
Kinda similar to my plan.

>Have $150k in crypto
>Cash out half, pay tax, put it into stocks hedge fund with 20-25% annual return
>Let the money sit for years (compounding interest)
>Grow the other $75k in crypto until unspecified target
>Live at parents' home, no costs needed
>23 year old NEET, no plan to marry until 26
>Gonna use spare money to date/fuck girls

$150k is A LOT of money in my third world Asian country.

[Anonymous No.6656043]

>>6654501
He didn't write USA

[Anonymous No.6656349]

>>6655965
>annual return of 20-25%

Good luck with that.

[Anonymous No.6656454]

>>6655965
Nice plan but you cant get 20% annual return with real money. Expect 4-8% real returns.

[Anonymous No.6656875]

>>6656349
>>6656454
I have done research.

20%ish annual return from stocks hedge funds in my country is normal. Biggest gainer in 2017 was 26%ish.

[Anonymous No.6657398]

>>6656875
It is imposible to beat the index in the long term. If you know how to beat it consistently then claim the nobel prize.