Gameplan for if you make it?

Ok say we go on another bullrun and you're sitting on $2million worth of funny money. What strategies would you use to never have to work again?

As a brainlet I would probably fuck this up somehow.

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bump, everyone says real estate. But how practical is it to buy and rent out properties? Do you need any middlemen, licensing etc?

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-$100k in a savings account.
-Buy two homes. Live in one, rent out the other.
-For the rest:
60℅ in diversified ETF
20℅ in crypto
10℅ in precious metals
10℅ in SHTF stockpile

i have the same worry. i want to make at least 80K per year after taxes from a ROI somehow. not sure what i need because of taxes and fees and wildly different returns people seem to get from vanguard or whatever the fuck they use

thanks actually a solid plan.
Is there a strategy to cash out? In US I know there are no long term capital gains taxes if you hold something for a year and are poor

80k per year would be comfy as hell. I would probably use robinhood for the vanguard or whatever stocks the fat cats love

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If I had 2 mil I'd probably be rich for the rest of my life since I'm used to living on only 30k a year already. Even with 30k a year I can still take cheap vacations and eat out and such. I just don't spend a lot on vices or stupid shit. But if I wanted to generate more for whatever reason I guess renting a place out isn't too bad.

I would do real estate but I already have real estate

For most people it isn't the best thing to do. I have a passion for property which helps me get through the rough patches

same, i could probably get by on not much. I have student loans though so that would eat a good amount of my gains.
Is it easy? You just contact those agents online, sign some papers, transfer some money and then you can rent out a place?

>For most people it isn't the best thing to do.

Do you mean flipping homes or renting? And what about it do you find difficult?

You need a brain to do real estate. Its a job. People that do it well make it look easy but its still a job.

600k in high yield dividend stock portfolio for sweet quarterly gains.
400k in Vanguard ETF
400k for a nice house and land.
300k to my parents
300k to starting my own antiques shop

>400k
>nice house and land
user, i..

I will buy a green card and move to America.

Does putting money in a property/REIT ETF count as owning property? I'm thinking of dumping some cash from wagecucking in a Vanguard property/REIT ETF some time this month.

A fucking antiques shop. Dont let anyone stop you from being you fren.

1.75m bonds
20k gold/silver split
230k in savings/cds

I'd buy property in Alaska and the Great Plains

why so much in bonds? what makes bonds a good buy?
Why do we value gold/silver (shiny objects) that much, what stops bitcoin from being the new gold

thats how much a really nice house costs around here. t.flyover state
thats the dream bro.

certain bonds give nice steady returns with low risk. stocks give unsteady returns with more risk. It's whatever risk you are comfortable having. I currently make 150k on bonds and people tell me I'm retarded because I could make more. Then, they complain when the market is doing bad. I just lol.

Nothing is easy except crypto. Thats why it went absolutely crazy

Bonds are actually horrible right now iirc because interest rates are so low.

Precious metals will be valuable until the Tech Singularity (AI tells us how fabricate them) or until mining on other planets outstrips population growth.

jesus christ whale user, you've already made it.
Why can't everyone just transfer their money to crypto so I don't have to deal with the real world

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Bonds do suck right now, so I only go in on shortterm ones. I have a bunch of longterm ones from years passed.

Pretty much.

Depends on your risk level (which should depend on your expected income, age, expenses etc.). Tin foils hats on biz will tell you otherwise, but a mix stocks ETFs and bonds (if you want less risk) is a great investment strategy for most people normal people. You could put a few % in precious metals or crypto to hedge against financial markets, but that's by no means a no-brainer.

what do you need for 150k/y? 5-7M?

Buy out or start a few strip clubs

your futurology game is weak AF

>AI fabricating precious metals
computers can't do magic or alchemy and nuclear fusion is cost prohibitive.

>mining on other planets
lol no, that would require rockets to get out of the gravity well. asteroids are where it's at

spot on actually

kek

Your reading game is weak. I didn't say AI will fabricate precious metals, I said they will teach us how to do it.

>cost prohibitive

By our current understanding! You must appreciate the magnitude of what the singularity is. The super intelligence will teach us things beyond our wildest dreams. Our world becomes unrecognizable beyond that point.

>You must appreciate the magnitude of what the singularity is. The super intelligence will teach us things beyond our wildest dreams. Our world becomes unrecognizable beyond that point.
this. people seem to have no fucking clue about how radically things are going to change over the next 100 years. literally far beyond anything any of you can imagine

Dat feel when technological singularity. I really hope I'm alive to see it happen.

youtube.com/watch?v=KAExa9P7hME

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i'm 33 and i'm hoping like fuck i'm young enough to make it. i think it's gonna be very close.

brainlet here, what is the singularity desu? is it when all the crypto and every single transaction in the world is automated? pls explain

• Pay off my debt and my parents debt

• Move my parents to wherever they’d like to live out the rest of their lives

• Invest in my best friend business plan and situated his family nicely

• reinvest 100,000.00 into promising icos

• start up my own Blockchain research and development firm

• go back to school for a trade in film as well as computer programming

• start up a small business loan company that won’t rape profits from small time entrepreneurs

just get like $1MM and put it into an ETF, you're pretty much guaranteed at least 5% per year which means you're gaining $50,000 passive income on that million every year at minimum and potentially more.

Assuming your goal is to just not work and be able to live a lower middle-class NEET lifestyle that's all you really have to do and you're set.

I wouldn't get into real estate, the markets inflated as fuck, buying now (or anytime soon) would quite literally be "buying at the top" plus it can be a headache playing the role of landlord. Not always going to be easy, passive income, and you're responsible for maintaining the property which can be costly if you're unlucky.

Basically once we create the first real AI it'll be able to improve itself infinitely (figure out how to make itself better, do that, and repeat ad infinitum a million times a second), and then we'll be able to redirect that same process to anything we want, medicine, disease, finance, social problems, anything, it'll be like a million brains working together to solve a problem in mere seconds, we'll gain hundreds/thousands of years worth of knowledge instantly.

This isn't some sci-fi fantasy either, this is pretty much what everyone agrees will happen, and in the near future (~50-100 years at most)

All in LINK

OMFG WTF THIS IS HUGE
GUYS IF I MAKE IT I THINK I'LL STUDY COMPUTER SCIENCE

its bs, machines will never code better than a human, and even if they could and had access to all world data and computational power, nothing new would be created cause machines only do what humans tell it to do, and you cant teach a machine how to invent or create by itself. Show me a computer drawing or painting by itself, its literally impossible, only thing it can do is scan and repeat or change existing drawings made by humans.

go back to plebbit

We literally have the technology although it needs to be optimized. The only thing holding us back from this sort of thing from happening is current processing powers. It's not as simple as having a 15million dollar server room. And we're like 50 years off of quantum computers being useful.

I'm going to keep living off tuna and rice, continue my life as an ascetic, and put everything back in to make even more money until I own everything.

I tell you what I'd do man, two chicks at the same time man.

This fellow ascetic bro
Sleeping on the floor is good for you anyway, fuck anyone who says otherwise

And one lambo

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I realised recently that for most of us, our problem isnt not having enough money, it's that we cant leverage our existing resources

Even if we make 100k, 500k or 1-5mil, we will forever be stagnant around that mark and our networth wont increase as quickly as before.

Therefore it's probably a good idea to start learning how to invest, analyse stocks/companies and etc. Once we have that much money we owe it to society to become angel investors and invest our resources into people that need it most, young ambitious people that are trying to become the next google/fb/whatever.

Fuck buying property, theyre usually overpriced and have less returns anyway.

nice digits

Buy several income producing properties to pay myself a life salary of 100k a year

my game plan is trying to make it to next week the rock is getting to heavy

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