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/biz/ - Business & Finance


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49723814 No.49723814 [Reply] [Original]

I've been so busy with my business that I had literally had my money rotting on my bank account for years. Almost zero investments taken in the past few years except for some BTC, ETH and LINK.

I now have about $1m sitting in my account and the thought of leaving 80k every year to inflation sounds frightening.

> real estate
ATH, also you can get virtually nothing for that kinda money

>gold
Awful to handle physically, worthless to have in an ETF/ETC if shit hits the fan, no guarantee it wouldn't drop faster than inflation in the next few years

>individual stocks
Probably the worst idea right now

>ETFs
Currently DCA'ing 10k every other day into MSCI World but shit doesn't stop dropping harder every day

>guns and ammo
I live in cucked Germany


What would you do in my situation? In any other timeline I'd be comfy with that kinda money sitting in my account (or invested, whatever way) but at the moment I literally feel poor due to inflation and not countering inflation somehow. Keeping cash around doesn't seem to be the way either for that reason.

>> No.49723847

buy BTC

>> No.49723884

>>49723814
Just keep your cash, cash is the best hedge against inflation next to real estate.

>> No.49723914

>>49723814
>stocks
>worst idea
Buy up blue chips that have already tanked and that pay dividends. Or slurp BTC and ETH for the next cycle if you're slightly more daring. Consider starting a business? Idk man use your noggin

>> No.49723933

>>49723884
>cash is the best hedge against inflation
Do you mean stocks will drop more than inflation?

>>49723847
yeah at this point I actually consider just that

>> No.49723992

>>49723814
durable useful goods. Computers, food, weapons, off grid power, ect.

>> No.49724009

>>49723914
I see virtually zero value in blue chips right now. The whole market seems to be so overvalued IMO

I make $60k a month with my current business, raised prices just last week and people are still buying but the money feels so worthless somehow

>> No.49724112

>>49723814
some gold if you don't have it. uranium is an option. agency MBS will get good soon, emerging markets will get good soon, and europe will rebound before the US does, plus hold up better for the coming years.

>> No.49724147
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49724147

>>49723884
>cash is the best hedge against inflation

>> No.49724167

>>49723814
sounds like you need to start stacking some sats.

>> No.49724183

>>49724147
>>cash is the best hedge against inflation
best hedge against inflation is land bought at fair market value, rare are the cases where land loses value

>> No.49724192

Crypto is so dumped now you may as well give it a whirl. It's important you understand however that it's not some low part of a cycle as crypto has had serious setbacks. It could fall further from here and could take many years to get to another ath if ever.

>> No.49724198

>>49724112
>europe will rebound before the US does
But how? Unless we have a quick nuclear war I don't see how Europe's economy would heal faster than the USA since Europe doesn't have as much gas and oil so we have to buy everything from everyone but Russia - at a large premium.

Even simple things such as chicken eggs are more expensive now due to the gas prices for transportation.

Now I'm confused why you think Europe will do better? Our leftist governments would rather an hero than to launch up the nuclear power plants again for cheaper energy

>> No.49724222

>>49723814
We're going through a period of deflation, that's what a bear market is

I have only 10% of what you have but I'll worry about inflation when they start printing to stimulate again or if it otherwise appears the bear market / deflationary period is over

>> No.49724223

>>49724112
you're talking about IVR... FAT yield with 100+% upside

>> No.49724260

>>49724192
This. Do some research and you could snag some make it stacks across several projects over the course of the bear. If you really want to employ your capital then setup trading bots, do arbitrage, l2c, and settle profits in stablecoins. You could even launch your own shitcoins/legit projects with that capital as liquidity.

>> No.49724268

>>49724192
I'm still very young so holding for 10 years wouldn't be an issue if only someone convinced me it will be better in 10 years.

>> No.49724284

>>49723814
Just buy land outside of Germany, retard

>> No.49724323

>>49724284
A few years ago I looked into property in East Poland - still very cheap but it may soon be West Russia

>> No.49724330

>>49724009
>60k monthly
>feel like I'm poor
Maybe it's just that... money doesn't buy happiness?

>> No.49724685

>>49724330
Dude by all means, it does. If I knew I could somehow earn 4k a month without having to work (either by safe stocks or whatever) I'd be the happiest person alive.

I can buy pretty much every car I want and I can make pretty much every shallow girl suck my dick in these cars.

But the future scares me.

Also I am fucking autistic and have been depressed for more than 10 years at this point but that's another story, at least these tears hit Porsche seats

>> No.49725058

>>49723814
Short BTC with 10x leverage

>> No.49725107

real estate is shit rn but its probably the least shit option out of the ones you listed as it generally keeps up with inflation

>MSCI World
oh shit nigger wtf are you doing buy literally any other etf

>> No.49725191

>>49725107
Currently looking at "basically worthless" properties, maybe I can fix them myself should I ever lose my stream of income.

What's your issue with the ETF? IMO it's the least promising yet safest bet

>> No.49725199

>>49724009
Bruh you should be telling us what to do

>> No.49725465

>>49725199
Dude all I've done for the past few years was to make money, I have almost no idea how the economy works.

But to your question: Find a niche, fill that niche. Repeat a few times until you find a niche that actually has a demand and where you are able to fill that demand (actually reach the demanding people somehow).

I told you how to make money, now it's your turn to tell me how to manage that money

>> No.49725576

>>49723814
Sit in cash until the Fed pivots and starts easing again. Could be 6 months, could be a year. Getting eaten up by inflation sucks, but literally everything is going to dump so it beats losing 20-30% on top of the inflation

>> No.49725646

>>49723814
It should be if (true == true), Op pic does not work.

>> No.49725716

>>49724685
>Dude by all means, it does. If I knew I could somehow earn 4k a month without having to work (either by safe stocks or whatever) I'd be the happiest person alive.
Sounds to me like free time and lack of stress would make you "the happiest person alive"

>> No.49725722

>>49725465
>now it's your turn to tell me how to manage that money
See >>49724222

I also follow a guy named @wifeyalpha on twitter, he seems to be autistic about finance, is the only person I've seen who doesn't hide old tweets when he's wrong... And he predicted the bear market on November 9th and has been short all markets since. If he said the bear market was over I'd probably believe and plan to use him as my signal to buy again.

Only complicator is I want to buy some chainlink, which might pump independently of the markets as it did in
2018, but it probably won't escape unscathed from the wider bear market.

Keep watching biz and other places for discussion and see how sentiment changes. There was a period of absolute despair followed by months of boredom during the previous bear market, and buying some things during the boredom would have worked well.

>> No.49725846

>>49723814
Which niche are you filling op?

>> No.49725868

>>49725576
This sounds so depressing but you are probably correct

>>49725646
>t. guy who is stuck in 1990
Every modern programming language does not need an == operator for a true statement since the if already implies the conditional to be checked for true

>>49725716
Yes it would, but I can't survive on $1m for the rest of my life so I have to work some more (unless stocks would somehow make an annual 7% ROI again)

>>49725722
>wifeyalpha
Will look into this guy, thank you fren

>> No.49725942

>>49725846
Sorry can't go into specifics here but basically there are two protocols that don't work togethe, I made a bridge and until either of the two protocol specs decide to ever be compatible to the other one I will make money with my makeshift bridge.

>> No.49725966

>>49725942
Ah so IT shit. Good stuff OP, well done

>> No.49726031

>>49724009
dude you make 60k a month, and asking us for advice. i'm a fucking WAGIE who barely scrapes past 10k a month.

>> No.49726150

>>49725966
Thank you brother, to be honest the success really did surprise me when it launched (started with 10k/month then became more and more but this year has been crazy)

>>49726031
Yet you probably have a better understanding of world economics than I do, that's the point my man, I've been sleeping on the markets for years

>> No.49726155

>>49725191

its just the ultimate no risk no reward brainlet etf.

fixing properties is a lot of work, so if you are spending much time on your business it would be rough to try this. I'd suggest a multifamily home(like duplex or something) just outside of Munich or frankfurt, they are the fastest growing cities on a % basis. The demand influx will provide a nice moat. Look at the school ratings and their trends, they give good indication to neighborhood quality and direction

>> No.49726227

>>49726155
The thing is as long as my business runs well I don't mind having the properties sitting around without revenue. But should business drop I would get busy with the property since I would be out of "employment" anyway

I really appreciate the school idea, that's so smart!

>> No.49727091

>>49725465
+1 this is what I do too in tech space.

I'm at 25k/month though, c2c due to linkedinmarketing and one person, I want to expand do more but I get tired.

>> No.49727741

>>49723914
Its okay to dca once in a while but right now with prices tanking buying might not be a really smart decision at least till the market is a bit better. When that time comes I'd be investing in Railgun as its been on my watch list for a while now and the governance token RAIL has maintained a good price action despite being low cap.

>> No.49728109

>>49727741
>governance token
What

Has there ever been a governance token that was actually worth something? Even uniswap, the most successful one I can think of, is widely acknowledged as being useless

>> No.49728140

>>49724330
Yo
How do you make that much monthly

>> No.49728289

>>49727091
my god im a jobless neet with a masters in eng. Wouldnt even get 25k a year. Life just seems to crush me. at least someone is making it, congrats

>> No.49728300

>>49728109
>widely acknowledged
Source? The governance tokens are there for users to get involved in the platforms development and vote on proposals. There are rewards attached as well like staking in Uniswap and shares in revenue in Railgun. There are also governance coins with high value lile MKR and Yearn.

>> No.49728367

>>49723814
You want assets that don't depreciate. Real Estate is one of those but it does have it's boom/bust cycles. A good house in a good location will always be valuable. Some rich buy classic cars, art, and collectables. Cash is fine short term, but never have more than an emergency fund in cash.

>> No.49729438

>>49728289
A lot of people on /biz/ are larping. At first OP seemed genuine, I mean why would anyone be so pathetic a loser as to lie about such a thing. But $60k/month would put him in an incredibly wealthy elite, particularly in the EU. He would also be talking about euro, people from the EU don't really just start converting and talking about dollars about their income like that. And besides, why would someone with that amount of money be interested in this cesspool, I dunno it could be true but it just sounds off.

So why would he do it? I don't know, why would he. People invent incredible larps for no discernable reason.

>> No.49729501

>>49724183
>best hedge against inflation is land bought at fair market value
at least you specified "bought at fair market value" which is the key point that people buying houses at the absolute most expensive they've ever been, adjusted for inflation, always seem to miss

>> No.49730343

>>49726031
im 3k ;c

>> No.49730580

>>49729438
he has autism. sometimes i wish i had autism

>> No.49730691

>>49723814
why wouldn't you be buying more cryto while it's red?