$960,000 in the bank $470,000 in Tether / True USD $770,000 in ETH (literally in disbelief, I hedl since $800)... $110,000 in BTC $30,000 in EOS $30,000 in XRP $50,000 owed to me by family
22 years old, no house, no car.
plan is to be able to live on dividends really comfy eventually (be able to not work a single day in my life if I don't want to)
spending about $1500 a month
these are my options as I currently see them: 1. invest 80% of the money in my bank into some low yield but safe bonds (2%-3% a year) and keep the money I have in crypto 2. cashout all the crypto assets, invest 80% of the money in my bank into stocks and bonds, trying to achieve 5-7% yearly returns, in that case its approx 100k yearly return 3. up to you, let me know
Buy Relex or Vezt and earn royalty from those projects Or you can put everything into freebitcoin account and live off of it
John Howard
Your ideas are terrible. No I'm not going to spoon feed you. Figure it out.
Kevin Clark
how sad you must be to comment shit like that lol
Isaac Taylor
trust fund kids flaunting their net worth in places where the average person has less than 1% of it unironically deserve the rope and i say this as someone fairly privileged in life have some class and keep that shit under lid, for fuck's sake
I second Relex actually. With this kind of capital you could make it big time. Firstly because of token value rise, secondly because of the high ROI in real estate development, especially in rapidly developping countries (mostly SE-asia)
Eli Green
Delete your useless memecoins and get an actual job to benefit society instead of playing with phantom 1's and 0's thinking they are actually worth squat.
James Russell
Jesus Christ user.... you have a lot of money....
And you have literally 0$ in physical gold and silver and your talking about dividend as if the stock market isn't propped up by cheap money.
You need to listen to me and listen now.
You NEED to stop worrying about gains and start worrying about PROTECTING what you have because fiat is failing all over the world and the stock market is going to get fucked.
You NEED to put 50k into gold and silver before the deflationary collapse which is a small % of your net worth.
Trust me... and I don't care if you don't understand it.... but your going to get fucked. So just do what I say
Adam Harris
Option 2 seems best to me, and you don't even have to play the market. Just pick an index tracker, and you are likely to make ~7% p/a with a completely passive strategy. If you're a bit more conservative, split between the bonds and the stocks. Typically people will advise that you start with a portfolio that's more heavily weighted towards stocks, and then start to move it proportionately more towards bonds as you get closer and closer to retirement. Another option would be to invest in real estate and live off rental income, although I don't know much about that.
That's just my amateur advice though, based on what I do with my own money (a much smaller amount). Maybe you should pay a finance professional to handle this, because you can certainly afford it, and they'd definitely be able to get you better returns than 2-3%. If not, maybe try something like Jow ForumsPersonalFinance, where there's some genuinely good advice completely free. Jow Forums stopped offering sensible advice as soon as it became 99% crypto
Jayden Wilson
Thanks I have some cash around the house, let's say I can arrange 50k cash, can I just buy gold without declaring? I do pay taxes on my earnings from crypto though, I just want to pay for the gold when I cash it out if I need to one day
Jacob Morgan
If I make it with link and catch one of my kids behaving like this he's getting the belt.
Matthew Long
Here an investment Jew. To do it for you.
Samuel Garcia
why do people even post these retarded comments if they're just going to say "FIGURE IT OUT YOURSELF" jesus christ some of you guys have a shitty mentality
Connor Gomez
exit tether and trueusd fuck it into a corporate account somewhere
You can buy like 5k per day without having to report it so just go like 10 different days or go to different coin shops
Christian Russell
Don't get bent out of shape at shitposting and retards on Jow Forums, they're part of the experience
Nathan Jenkins
I'm not shitposting, hire an investor and a Jewish one at that.
Brody Young
Can you sell gold without declaring? They take your ID at my local coin shop, it's like they assume you're a criminal or something
Connor Murphy
you’re obviously successful in crypto, yet you wanna move to something you don’t understand that’s on a crazy bull run (think btc in 2017) unironically wait for the bottom on btc and buy the fkn dip. I’m waiting for 4K btc to load up on that cheap as fk ether, once in a lifetime chance here to 10x by 2021, or play stocks and make peanuts . I’m Sitting on 180k usdt, 900k crypto in rootstock and hashgraph ico and 600k cash.
Josiah Brooks
But muhhh jewboys will make me 7%, pathetic
Jace Morgan
I'd KMS for being dumb enough to "invest" my poppa's hard earned money on internet magic beans
Josiah Johnson
How sad u have to be to post this LARP ;))) fuck off pajeet
Adam Brown
I hope you somehow lose every single dime you have while undergoing agonizing physical suffering from something unrelated.
Angel Mitchell
I'd go with choice 2, if your aim is to plan is to be able to live on dividends then you have already made it, no point taking unnecessary risk now.
Ryan Lee
i advise you to do something with your life instead of focusing on how many dollars you have. get a purpose, being rich won't make you happy.
Henry Wright
I'd sell the XRP Sell the ETH
I'd put $100k in DCR $200K in XMR And $300K in BTC
Don't be a retard. You're investing in shit.
Grayson Bennett
kek, you only make me feel better about myself its my money, I started in 2015 sounds good, but I don't see myself selling my bags just in case they suddenly moon and I don't have a chance to rebuy them, if I believe it will x10 in total and x5 from here, I prefer to just hold and get x5
Mason Gonzalez
I'm pretty happy lol
Alexander Nelson
options 1. all-in on hot and link 2. withdraw everything; all-in on silver, gold, bullets and canned goods 3. all-in on usdt; wait for bitcoin to drop down to $100, all-in, sell at $100k a coin 6 months later
Luke Hernandez
50k rainy day fund 25% in index tracker Keep remainder in bonds , real estate or cash until stock market crash then 75 % in stock market
Buy a house, else you'll be rekt by inflation in the end, might wait untill prices drop.
Then you only need to spend maybe 500$/month.
Bentley Gray
your get was triple 7's and you dont have any LINK youre never going to make it.
Ryder Young
I always wondered what actually would happen once tether potentially would implode. Everyone will sell their tether but tether could regulate the price to $1 dollar again.
Brandon Mitchell
you are getting fucking awful advice in this thread you have already made it if you want
take 80% of your assets and invest in 50/50 low expense rate bond and snp500 ETFs that's what you take 3.5% off every year and what you live on for the rest of your life
take the other 20% and invest in the three crypto projects you really believe in with 3-5 year hold horizons
you seem like a young guy with a fair bit of crypto knowledge and no investing knowledge having $1mm in the bank making you no money is retard tier unless you have $1bn net worth
Most importantly: start fucking reading on investing If you understand general investing principles, then crypto is just a volatile emerging asset class if you only understand crypto then youre going to get raped long term by investors
