This is a thread where you ask me, a real financial adviser, some absolute fucking shit questions, to which I will bless you with an actual response.
This is a good opportunity for all you fat stinky mother fuckers to get some genuine financial insight, as opposed to the typical Jow Forums bullshit you're used to.
Fire away
Everything I say in this thread is Financial Advice. Tell your lawyer I have full responsibility over any decisions you make. I couldn't give a slight fuck, cause I'm hard as hell and probably the smartest cunt on this pissy little forum.
>forum
gtfo njufag
>He's never heard of the phrase "pissy little forum"
And you're calling me the newfag? Congratulations, you're on the filter.
there should be enough technically savvy millionaires to buy some btc or whatever. why it is not happening?
Because they spoke to their financial adviser before making the decision. Then their FA did what all FAs do, and take the easy way out by saying "Nah dont risk it"
I'm 20 and have 6k euros (around 7.5k$) and basically no income left after monthly costs. This capital is currently all-in chainlink. Is this unironically ok? Considering cashing out a bit to have a year at home, trying to build an online business. But that's at least a year in the future, currently stuck in a meme hobby social degree.
Let's say I make millions from crypto. How do I cash out while paying the minimum amount of taxes and without the banks freezing my account due to suspicious activity? This is in EU btw
why not invest in crypto infrastructure, like exchanges, funds, or invest into scam icos privately?
It's not only OK, its a fucking sound financial decision. Anyone who puts their entire life savings in an untested internet meme token just because of an existing religion around it on a Chinese image forum clearly has no respect for themselves what-so-ever. And if that's the case, then there's no reason to ever change your mind.
Besides, the fucked up mental heads on this website probably own 90% of all link, and no cunt is ever going to sell. Its fucking wild.
All in all, I'd say not only keep your dog shit chainlink tokens, but ask your parents for some extra money and buy even more. You grotty european fuck head.
If you seriously believe its a good idea, then theres no reason for you to deserve a fucking penny of those savings, which is all the more reason to buy more. Please DO NOT let me down on this. I want you to accumulate chainlink until its coming out your fucking ears. I hope you become rich, but until then just make sure you have enough cash left over for a good pair of kneepads and keep grafting.
Vanguard
Thanks fren :')
Gonna send you a golden pepe plush or a lawyer's letter depending on the price EOY.
You have a few options.
One: Some crazy money laundering scheme that'll cost so much that you may as well just pay taxes
Two: Bit by Bit at various Bitcoin ATMs and to some dodgy fucking case head in person on localbitcoins.net (Then be very careful about what yo do with all those bank notes)
Three: Take a vacation to Switzerland and open a private bank account
Four: Keep the Bitcoin. How are you making these millions? Presumably from a Bitcoin moon, and if it were to go high enough for you (sweaty cheese encrusted dickhead) to become a millionaire, there could be a totally different situation where you really couldn't give a fuck about owning fiat anymore. If you were to have that much money in crypto, cashing it out would probably be more dangerous than a price crash anyway. So I personally would go with option 2 whenever I needed some money.
Because you're too much of a lazy cunt to do it. Most exchanges are also set up by cowboys who really havent got a clue about what theyre doing, they're just cashing in on the crypto casino money.
I look forward to hearing from your lawyer. If he starts getting chippy though, I'm going to drop kick the cunt, and chuck him head first into the chipper.
From the UK (22 yo) with about £10k sitting in my current account I've saved up while I was at uni, graduating with a good engineering degree this summer, no job yet but I'm pretty sure I'll find one soon. Want to keep a couple grand asside to go on holiday and a couple more in case I don't find a job before summer. I've got another £3k in a 'help to buy' ISA which I pay 200 into every month. I know I should be doing something with the other £6k that's just sitting in a bank, what are my options?
crypto duh
I'm poor as fuck, but I live with my parents so I don't have bills to pay, what should I invest in?
>27
>230k LINK
>2 single-family residentials (1 paid in full)
>1 multi-family residential (duplex)
>30oz silver
>1/4oz gold
living breakeven/NEET
please advise
First of all leave the UK. Why the fuck would you want to spend your life on that absolute hell hole of an island going absolutely no where when you have an Engineering Degree. Fuck off out of that country and go literally anywhere you want in the fucking world. Take all your money with you, cash out of those stupid government ponzi scheme help to buy ISAs, and resettle in a first world country. The future prospects for your life are going to be fucking massive. It might cost a lot of money to move country, so thank your lucky stars you've got that 10k as a first class fucking escape ticket. You'll look back in a couple years at this sunken shithole and and all the dirty little yeast infected scrotum eating bellends swimming around in marmite cause theres fuck all left in this country, and think "Thank god I visited FAG and listened to that intelligent financial advisor".
Then get a job at a GOOD company, and buy shares so you can yield the fruits of your own work. Fuck savings accounts. Keep in mind the global rise in interest rates however, and the high likelyness of a global recession soon. Not saying its going to be massive, but its definitely overdue.
Yourself.
Increase your OWN utility. IE: Learn to drive, get a car, get a job, or move somewhere where you can get one.
Buy a shovel. Its the most versatile tool out there. It can be used for so many things, so go find something to do with it instead of sitting on your arse.
Whats gone wrong in your life for you to be poor and with your parents? Find the issue, and invest your money so that you can solve that problem.
well it is, but we've been selling off and most millionaires seeing the past year probably have either cut losses a lot or are entering slowly/still waiting to see if bitcoin gets replaced before they enter. I think if the price ever started to look bullish again there would probably be people waiting who just dont want to buy now because of the trend or are buying slowly
Where do you live?
What is your monthly income?
What are your monthly expenses?
Other liabilities?
What can I do to reduce the impact of the incoming recession?
I've considered moving to Germany (want to be able to visit family and they have a large engineering industry), where were you thinking?
Hey FAG,
What would be your recommendation for a passive or semi-passive side income stream? Obviously most dudes here opt for trading.
You mentioned we're overdue for a recession, what's your advice in that case? Sit in cash and buy when it starts to bottom?
Should I set up a offshore corporation for my business to avoid taxes in my country? Losing 53.6% of revenue over 250k is bullshit and I'd like to keep my capital. What are the downsides and is there an fears or issues that I need to know before I do so? Is it advised to get a passport for a different country with different tax code to ensure maximum return ?
Hedge your wealth in various assets.
Recession = Lose money. The idea is to lose as little as possible. Safest method is to take *average* losses by diversifying. Metal method is to put it all in gold, guard it with your life and hope to fucking jesus some other cunt will buy those shiny rocks for a similar amount to what you paid for them.
Avoid silver like the fucking plague. If you want to lose 20% of your money immediately though VAT, you were better off going to a casino. Casino odds are more like 1% in favour of the house rather than 20%. The government is the worst casino in the world.
I have 500k
How do i invest this to last forever in a shit country
Trading is for fuck heads. Much less fun than casinos, and the chances you make any money are just as slim. For every 1 succesful trader there are 10 complete spackers who lost it all.
George Soros is the worst performing billionaire of the last decade. How the FUCK in gods name do you actually LOSE half your wealth in the post recession bull market? Youve got to be a serious fucking idiot, and that is what George Soros is.
Passive income: Drop shipping, Shares, Growing Vegetables, owning a money fishing website. These are the most obvious that come to mind. The best ones require you to come up with yourself.
Sit in a mix of cash, gold and crypto imo. The problem is you have no idea how big its going to be. could be tiny, could be the end of civilisation as we know it.
The idea is to reduce risk by diversifying into "safe" assets, and cutting as many liabilities as possible. Then when the economy turns, redistribute all your wealth into positive cash flow assets IE stocks.
It's all about risk management.
Beware of potential bank bail-ins (ie they just take your money to avoid shutdown, with permission by government). Anything could happen in a big recession. This is why crypto is so important (but im not promising price gains or even stability).
Just make sure you have your own house in order
Buy the house in Shitholeistan outright.
Take measures to be self sustainable. Judge your climate and decide if solar panels are a good decision.
Make sure you got garden space for basic crops.
If you can dig a well, fantastic. Watch some survivalist bullshit. Take an automotive/mechanics/plumbing/electric course so you can fix your own car/pipes/whatever the fuck.
Find a safe hedgefund manager to look after the rest. Fuck doing it yourself.
The idea is just to be self sustainable, and keep the rest of your wealth secure. If you can grow an excess of food, or do something creative in your free time. Fix cars or anything of the sort you can earn some side cash to keep you going.
You probably cant live forever just on the cash alone, but the idea is just to be comfy, right? Comfy doesnt mean bone-idle. You're gonna need more if you wanted to sit in a hammock and wash yourself with a rag on a stick
Its complicated and i cant begin to give a fuck. i can see im gonna be here all day with this one so fuck off