>34 year old boomer in Australia >own $900k apartment with $500k mortgage >$60K in boomer shares >$60kin Crypto >No debt
Will be selling my boomer shares and wondering what to do with the cash and where to invest next.
Don’t really want to put it into crypto as a diversified investment strategy is better than an all in on crypto
Next best option would be an investment property however Australian real estate is overpriced, rental vacancies are at an all time high so both yields and capital growth are non existent
Not interested in gold/silver, tend to lean towards more high risk investments.
Buy 2/3/4 appartments for about 200/300k and rent them out. During housing crisis they won’t go down to 100k and even if they do they will keep generating incomes for you. Hodl crypto.
Kevin Nguyen
>want to diversify >also want to have all your money in high risk investments
>want your money in high risk investments >take your money out of high risk investments (shares)
I don't understand you, OP.
Carter Collins
Apartments in that price range aren’t in metro areas... or if they are they are in the slums (yes we have slums here too). Rural apartments just won’t get any or very minor capital growth then you have maintenance/strata etc.
Luke Nguyen
I wouldn’t call shares high risk depending on what you own. I have 2x my money in shares over 2 years so sitting comfy.
I prefer high risk investment as I’m still a young boomer and can take calculated risks depending on potential rewards.
Have thought about doing VC but I don’t fit the wholesale investor requirement so getting into it is not easy
Julian Bailey
Damn... sorry to hear. This doggo is old... 12 years but incredibly healthy and will probably live for another 4 which is not common for doggos :(
Hey bro Im in Australia too Im 18 and really wanna make it in that game can you give advice on discord?
Jaxon Myers
The problem with exiting one investment is figuring out where to invest next. Why sell if you don't have another investment in sight?
Adam Sanchez
Sell apartment, sell stocks, all-in BTC. Use 60k to travel Europe and Asia while btc hits 50k USD. Retire.
Liam Hernandez
Because the shares I own are in the business I work in. They recently took a hit and they are going to continue to go down over the next 9 months at least... thinking of shorting them but pretty sure it’s illegal for me to do that given I have information the general public doesn’t...
Cameron Rogers
I’ve thought about, putting the share money into bitcoin and just holding it in bitcoin for a couple of years. My existing crypto is all in shit coins as the potential growth will far exceed bitcoins
Since you're user. Just spill which shitcoins. Not all are going to pump after btc. Some will actually die off
Tyler Clark
-don’t waste your money -invest it -try to create additional income streams
The more you do when you’re young will make it easier for you when you’re older.
I had fuck all money until around my mid twenties/late twenties when I got a good job. From there things accelerated...
Word of advice, don’t have kids. Worst decision you could ever make financially. I have one, they are expensive including the child support I have to pay each week...
Ryder Martin
jesus christ the chinks really drove real estate prices up on spider island
Auzzie market is going down sooner than expected lol!
Elijah Thomas
>VET (70% of holdings) >ICX >ZIL >FXT >WAN - going to dump shortly, this project is dead. Friend with tech background went to their office and spoke to the team, came out of there not understanding how the team is actually going to achieve what they say they will. >ELA bought this the other week. Terrible decision... thinking of flipping it into CPC or Mobius
Levi Smith
Honestly i'd just hold bitcoin instead of that crap
Lincoln Gutierrez
Pete?
Dominic King
sell that house desu. And don’t buy property in Australia til after housing crash. Housing crash imminent , no home. That’s good money take it while you can.
Hunter Lopez
Yeah it’s going to get bad.
Heaps of people have “honeymoon mortgages” where you get a cheap rate but the after 2 years it jumps up. Most people also just on interest only with these mortgages
Problem with these loans is that recently the RBA has tighter rules around lending as banks were grossly underestimating peoples living expenses to give them loans.
New rules implemented so that can’t happen anymore. Now you have a bunch of people who won’t be able to refinance as now they are using true living expenses and can’t exit their current mortgage. Add to that they won’t be able to stay on interest only so they are going to be be in real trouble. People will need to sell or go broke... not good news for
I’m on one of these mortgage rates which finishes in September but am refinancing as luckily my income and LVR is very healthy
Nathan Davis
Ah yeah haha I think you know what I meant. No credit card debt, personal loans etc. I’ve always paid cash for everything excluding my apartment as obviously I didn’t have that kind of money
I’ve considered that but there’s more potential for higher gains in alts. I’d only have 6 bitcoins if I sold them all off now and I’d only ever have 6 bitcoins... at the peak in January I had 16btc worth but fell for the HODL meme...
Aiden Jenkins
Are you Asian? Your crypto sure is.
Your holdings are not bad. Vechain, zil and icx will probably pump after btc.
WAN- I almost bought this. Couldn't get into ico. I thought their goals were straight forward but after seeing their promotional video everything looked too lofty.
Bags aren't too terrible but I think less secure than holding ETH or BTC (safest).
I've heard nothing but bad about interest rates for mortgages going up in Oz soon. Some guy that predicted 2008 said the same would happen in Oz soon.
Josiah Cook
This project is more dead than Michael Jackson.
I had a bunch I got on idex but dumped months ago after the project put everything on hold. Wouldn’t bother buying again, too many other platforms likely to make it e.g EOS
Hudson Kelly
I invest in a lot of cryptocurrencies and own an ounce of gold. I make $200 a week so thanks for the advice
Isaac Brown
Not Asian but live in Australia where half the population is Asian Haha
Yeah personally after my friend visited the team at their office he said the same thing, goals are lofty and he has no idea how they are going to achieve them... basically the team didn’t know either
Adam Lopez
Damn. Do me a favor, hold atleast 1 bitcoin
Anthony Kelly
Nice, keep it up.
I really hope Crypto works out for us all.
If crypto gives you life changing money, don’t forget to cash in. I should have done that in January... $250k at the peak, could have paid $100k off my mortgage, paid 50% tax (im just below max tax bracket for my job) and have $50k left which is basically pretty close to what I have now in crypto
Hindsight is amazing. If you find yourself with life changing money, whatever that amount, take it. Lifechanging to some is $10k and others it’s $1M. Find your target and take that profit
Luke Sanchez
The devs for WAN look like actual Chinese boomers.
I think you are doing the right thing by holding the alts. They will pump after btc moons again in the next 12-18 months, then you sell for fiat or BTC.
Gabriel Wilson
Yep, won’t be falling for the hodl meme again. If I hit that level again, I’ll have stop losses set on usdt pairings to lock in my gains.
I think of the things I could have done with that money and now have to wait for the next run
Evan Diaz
200 USD a week? Did you forget a 0 on the end there?
Nicholas Parker
He’s either an apprentice and unfortunately earns stuff all
Is on welfare
Or he is referring to his investments making him that money which doesn’t make sense as Crypto only goes down at the moment
James Roberts
What are boomer shares?
What is the interest rate on the mortgage?
Jonathan Bailey
You're a capitalist. There's no way you got there without exploiting people and extracting their surplus labor.
To expand on this, if things start going ballistic again set targets where you're at least taking some profits. Like 10% every X increase for example
Zachary Bailey
Sell everything, put it all in Bitcoin, or don't and be like all the salty people this year who missed out when I told everybody to buy in 2015
Your apartment and mortgage are about to become enormous liabilities, and diversification is a fucking meme when we're talking about overvalued markets and debt bubbles everywhere, there's no other place to put money now.
I think I’m on 3.79% and jumps to 4. Something in September hence why I’m refinancing with another lender to keep my interest rate below 4%
I am a capitalist 100%. Why be left wing and sacrifice income for “morals”. You’re just making your life harder
I wasn’t born into wealth, the opposite actually My mum didn’t work My dad was a taxi driver Have 4 siblings Hand me down clothes until I got my own job First house I live in as a kid didn’t even have electricity. They used a car battery for power...
Matthew Morris
Your parents are retarded bogans. Australia is literally very easy mode compared to other anglo countries.
Mason Morgan
Intrigued as to why you're considering CPChain, anything you've seen/heard that spikes your interest?
