/biz/ - Business & Finance

Get a fucking job you bum.

>>55044050
> 250k still on crypto, 200k on gold and I have 50k cash
found the problem

>>55044050
You need at least 2 mil in an index fund to live comfortably, anon.

If you've only got 250k out of your milly in yield bearing assets then that's on you. That said, 10k a year from 250k is pitiful, staked as DOT that would yield about 37.5k per year.

>>55044064
>sell your coins
I will get those sweet easy money from next bull run and no one can stop me.

>>55044050
may you shouldn't have spent 500k on an apartment you stupid retard, could have build a rental property.

>>55044050

Anon look up Tidecoin.

>500k
>apartment
>not house
you are retarded buddy

>>55044050
Kys retard.

>>55044150
I don't live in USA, living in a house is not a thing here and my apartment in the fanciest neighborhood.

>>55044050
You're evidently retarded and I will no give further explanation on why, put that money to good use before 1m is worth the same as 200k kek, I'd gamble it on shitcoins or get into Nilo

>>55044335
And that's clearly why you're poor and he isn't

>>55044050
Dude you have more money than 95% of the people in my country kek

>>55044335
So you'd use it to get an useless NFT that's only worth it if you brush your teeth religiously? Kek

>>55044194
Still you don't have money to enjoy you fucking idiot

>>55044335
would u unironically do that?

lol, that's the most retarded way to allocate 1.5 mil I've ever heard. Sorry, OP.

My NW is about 6.5mil and I am essentially all in crypto still, I could "cash out" and "buy a house" but then that's it, number isn't going up any more at all.

If you can't live off of 10k a month then you better have high medical bills or a wife with 3 kids because there's no fucking way a grown ass man should ever spend more than 8k on living expenses a year.
>>55044194
Better rent it out and move in with your mom, nigga.

>>55044932
He said annual income you stupid fuck.

>>55044050
500k apartment? Are you fucking retarded? No matter how rich you are you bought a purely speculative asset that only relies on the city not going bust as soon as the money nozzle dries up.

As soon as businesses close and people stop lining up to live in the rat utopia, your apartment will be worth jack shit.
You should have bought a house, and made it as self sufficient as possible, power, heating, food supply, water supply and then rented it to some pepper schizo at a low rate, while enjoying the city, so you'll have the right to return with the schizo when shit hit the fans, living rent free while getting carried through societal collapse

>>55044980
I know what he said, nigger.

>>55044050
If you put 1.25m in all ETF you'd earn 50-80k/year you retard

>>55044050
Freedom of movement is a luxury. Sell that thing and expand your horizons! And congrats, btw.

>>55044874
You can have two or even three properties, generational wealth in ETFs, and still have 2-3 mil in crypto which is more than enough to make stupid amounts of money if next cycle is even half as weak as last. Get real dude. This shit can go 80% down with the stroke of a pen. You have lineage tier wealth you should consider suppressing your greed and securing the wealth.

t. 50/25/25 real estate, stocks, crypto portfolio anon

>>55044050
Lel, why did you buy an apartment when you could have got land

>so my annual income is 10k from ETF

so you're poor because you don't have a job?..... what did you expect..

>>55044050
>i made 1.25m
>bought 500k worth apartment
>200k on gold
>50k on cash
lmao

>>55044083
Alone and with no family. As soon as you bring kids or a wife into the picture you need at least $4m.

>>55044050
looks like they just let any fucking retard make threads these days

As a new millionaire, what are pitfalls to avoid? Seems like OP divested his wealth too much. In terms of real estate, one can't simply keep renting because if word gets out about their wealth poor malcontents with try to rob them. So you have to buy a house. But, I don't really understand property tax etc and it seems like you can get fucked easily with unforseen expenses that whittle away your new nest egg

>>55044050
I don't really understand why you bought that gold. Gold is useful if you want to transport a large sum of cash without holding physical cash. Its also useful as a hedge against inflation, but that really only applies to larger sums than 200k

>>55047029
House + ETF is all you need, reinvest wagie income and dividends into crypto and pms

Why didn't you become a landlord. You could be earring 6 figures annually collecting rental incomes no work, while you figured out what to do with the rest of your money.

>>55047310
Real estate
>junkies break property
>have to go there and fix stuff
>have to put out Craigslist ads, background checks, etc

Crypto

Idk just seems like a boomerism to me it sounds like kind of a pain in the ass

>>55044050
>I made around 1.25m from last bull run and I bought 500k worth apartment
There's your problem.

>>55047336
It’s virtually guaranteed income. People have been charging rent for tenants as long as the written record exists. But yeah, it’s a “boomerism”.

>>55047364
Ugh yeah fair enough I probably just have to bite the bullet. Dealing with tenants and contractors sounds awful but I guess that's the price

>buy good apartment for yourself
>buy more apartments in strategic points where it will x2 in a short time
>meanwhile rent apartment
>sell apartment for profit
>repeat
this is what everyone who has truly made it does

>>55044050
>500k apartment
??

>>55044139
send link

>instead of renting in southeast asia and waiting for the next bullrun to truly /makeit/ you just became a less-poor version of a NEET

Redpill me on this
>buy apartment for yourself
Half a million could get a house in a red state
Why live in an apartment at that price?

whats with all the demo threads today

>>55047814
What is it demonstrating exactly?

>>55044050
Invested in vaporware? Quite obvious. Next time, pay attention to narratives with good fundamentals. AI, RWA and NFE for the win now. Do yourself a favour.

>>55044335
Pleb. Gamble shit tokens and get burned. Real utilities like MNI are out there. Why do I even bother? Imma slurp all my profits alone.

>>55044050
you're a moron. 1 mil into divvies and 250k into land with a small house and you'd be relaxing in comfort.

>>55044050
you are literally one of the most retarded people ive ever fucking seen
>500k on real-estate
>its an apartment
> 50k cash
doesn't even use debt or anything to his advantage, honestly shocked how you made it this far.

>>55047067
Both your statements are incorrect
>>55047310
This, in many European places 500k buy you 1.5 industrial buildings that you can rent for 3-6k a month or up to 5 houses / apartments that you can rent for 800-1200 a month.
Op for drink 3 with his money and threw it away stupidly
>>55047950
Debt would be an even extra step, this is straight up one of the most retarded money allocations I've ever seen.
>>55045044
>check my earlier digirs
>btc id

>>55047915
Asset tokenisation works better with that anon. Real estates, land backed assets etc. Defi is making a lot of things easier.

>>55044050
Some would suggest youre mismanaging assets. I dont think the apartment was a bad choice. Because obviously you can borrow against it. So you cashed out and moved into solid assets?

I have around 210k at crypto right now. My last ATH was close to 500k
113 eth and 1 btc. I would be set with a million. Will I reach it next run?

>>55048040
Might need to read and prepare adequately for the next run normie
https://blog.altcoinist.com/altseason2023/

>>55044050
Why not mortgage the apartment you nigger? You wouldn't even notice the fucking payments. For poor people a mortgage is a death sentence, but if you have that much money it's nothing. Even richer people are usually overleveraged so their assets can be put to better use. You just blew half of your NW on a box you can browse /biz/ in.

>>55044050


That's your base of fuck you money.

Don't complain assuming ANY of that is true.

You def didn't earn that 1 mil.

>>55044932
8k year? Where do you live I'm an europoor in a post soviet country renting a ROOM in an apartment and that's less than I spend. I don't even have a car or anything I just buy food and clothes pretty much

>>55045044
>prepper schizo
based on your post I'm asooming you are talking about yourself

>>55044050
I would literally kill to have your problems you have with people call Rich problems

>>55044194
Where do you live? Don’t be so cryptic.

>>55044050
You need 3 million net worth to even be considered middle class now

>>55044194
>living in a house is not a thing here
lmao what the fuck
living in a house is "a thing" literally everywhere
apartment buildings were used by a small minority of people worldwide not even a century ago

you're just an urbanite retard who can't fathom living even a 20 minute walk away from a metropolis

>>55044874
>NW is about 6.5mil
>essentially all in crypto still
>calling others retards

>>55044050
Could have been worse.
At least you're not stuck holding Chainlink.

OP here. My bait thread did well. I actually bought that apartment for 320k, now it's worth 500k. 180k profit in one year without any tax even if I sell now, since there is no property profit tax in my cunt.

I bought gold when 1 gram gold was 53 usd, now it's 64 usd. I made 40k profit from gold and I believe I will make more because gold is cheap as fuck, and again no tax for gold gains. That's why I like buying and selling gold.

ETF: I bought the best dividend ETF on the market but no capital gains yet.
Crypto: I'm a BNB investor and actually I make great money from launchpads and launchpools since 2019. Last month I made 10k from just from selling those airdrop coins. Plus I have another crypto income source that not gonna share here but that's my main income and it's all passive and that's how I made my million, not from buying and selling. So I'm not poor, not even close.

Thank you for posts. See you next time.

>>55044194
uh oh, this probably means you don't actually own your apartment either

>>55048537
>BNB investor
kek

>>55044099
this kid couldve bought several rental properties with 500k. must be fucking amateur hour on /biz/ apparently cause OP FUCKING SUCKS DONKEY DICK. WHY BE A FUCKING RENTOID WHEN YOU CAN BE THE LANDLEECH?!?!?!?!

all of that could have been prevented if you took that 1.25 mil and retired to Thailand to live like a king banging fresh pussy daily.


FUCK

WHY IS IT RETARDS WHO GET MONEY TO WASTE AND STILL END UP MISERABLE LOSERS.

WHY DOES UNIVERSE HATE MEN WHO KNOW HOW TO "MAKE IT" AND DENIES THEM THE MONEY TO DO SO?


REEEEEEEEEEEEEE

>>55048602
if you knew how to make it you wouldnt be on /biz/

>>55044050
>want passive income aka divis
>put money into something that averages less than tbills
idk mang

>>55044050
Put the 500k on hand picked solid high yield dividend stocks instead (oil, mining, industrial ...) to have 4-8% yield, should be mote than enough to rent luxury apartments anywhere in the world.
Also get at least 100k of NASDAQ at the next dip ffs

>>55044050
>So my annual income is 10k
and you have your apartment paid right? Plus 50k. You can live a very frugal live with that kind of money, or get a part time job to earn as much as the average normie. You are better off than 90% of people.

>>55048667
if you dont pay rent you can easily live off 10k without even struggling

>>55044050
I wish I can have what you have, well, hopefully, I make big gains on ORE, ZEC, and WOJAK

>>55047788
While you're at it, look up cryptos built for decentralized identities, rights, and assets

>>55048467
Funny, good one. Anons are moving on to cryptos that connect web2 IDs with web3, check it out

>>55044150
how to spot amerifat, apartments are more desirable everywhere. Also in part of america that has real cities like nyc.

>>55049057
>apartments are more desirable everywhere
LMAO shoebox cope

>>55044050
like duh
20 M is the new 1M

>>55044063
fuck off wagie

>>55046807
that is important information for precisely zero people on this board

>>55044050
You're a troll.

I'm insanely wealthy and rich and I don't even have 5% of a million dollars.

You're just ASS with money

>>55044083
You can live extremely wealthy and luxurious for just 150k in an ETF... you're just trash with money.

>>55049650
>>55046807
Please tell me this is a troll.

No one should have a family with $4m... any woman willing to marry someone that disgustingly rich is a golddigging whore, and any kid raised in a family that has over $1m networth is going to become a whining snivelling richkid brat. You should not have a family if you have that much wealth, it's disgusting.

>>55049344
My shoebox cost more than house from suburbs, suburboids are retarded, nobody is jealous of their shitty lifestyle.

>>55050061
Holy mother of cope.

Literally every single person dreams of living in the suburbs.

The reason why billionaires and famous celebrities have such horrible and shitty lives is their status makes it impossible for them to live in a traditional American Suburb, which grants you the perfect life.

You'd slash your nuts off for a Suburban house.

>>55044050
You’ve spent half of your net worth on an “apartment” and the rest of your assets are tied up rather than making you passive income. KEK! Take notes anons this is what not to do, congrats on squandering your wealth though.

>>55048602
Anon, you are even more retarded and even more of a loser. You will never make it.

>>55044150
500k gets you a shack in a shitty burb at least with a condo you get up close and personal to a nice location

>>55050234
i already made it, but there is always desire for more.
as for you, back to cagie wagie.

>>55050139
>Literally every single person dreams of living in the suburbs.
No they dont, maybe in america because cities there are dangerous and people has to run away.

>>55050139
I live in a log cabin in the mountains and would never want to live in the suburbs.

>>55048615
>Put the 500k on hand picked solid high yield dividend stocks instead (oil, mining, industrial ...) to have 4-8% yield, should be mote than enough to rent luxury apartments anywhere in the world.
Assuming 4% reinvested to fight inflation and not drawing down your principal, that's only $1666/month which will only get you a shitbox in most major cities.
500k isn't even enough for luxury rent these days, unless you're going to a cheap country like somewhere in SEA.

>>55044932
I made it as far as this retards post and I think I'll have to stop reading this thread.

>>55044050
you bought 200k of gold LOL. fucking retard, you only buy that much gold when you have 8 figs.

>>55050497

>>55044194
>my apartment in the fanciest neighborhood
Does it have EXPOSED BRICK WALLS?
How about a COOL BARCADE where you can play VIDEO GAMES while drinking NICE, HOPPY IPAs?
OH MY SCIENCE that'd be so JACKED

>>55044050
>250k for 10k from dividend etf
Skill issue

>>55050580
who gives a shit? That's the thing with gold, you can sell it whenever you want. Go down to a LCS right now. They'll buy. You'll get at least 90-95% of spot. Gold is incredibly liquid. Hold it for a few years and it will have likely appreciated in USD.

Can you please stop the demoralization threads for one fucking day?
How many times we will have to bomb tel aviv?

>>55044050
Oh yea? if I had such, I'll buy a house, buy some company stock and invest in IMM and XRP. Then retire

>>55048911
Cryptos that empower patients and healthcare workers to take ownership of their data and benefit from its value is something not to pass up too

>>55044050
>500k worth apartment
i hope you are not renting it to niggers.

>>55048040
You should probably make some findings on cryptos that leverage users' healthcare data for some real assets

>>55044050
Fucking privilege nigger complaining about more money literally kill yourself

>>55048684
He still has to pay strata fees

>>55050813
kek. I just got one pruned after reporting it and replying with "YNBAW. I hold link."

>>55050249
Gotta love the hustle and bustle of the big city

>>55046279
>>55048448

Poor people telling less-poor people how they should invest their money.

Top kek. The only reason I'm not still poor is because I don't use these ridiculous meme approaches to investing that you endorse. You will never get to 7, 8, 9 figures, because you think buying a flat is the pinnacle of investing genius.

BROOO JUST BUY RENTAL PROPERTIES I SAW IT ON FACEBOOK IT IS PASSIVE INCUM

I had some rentals before I got into crypto, never touching that retarded shit again. The most troublesome, illiquid and midwit class of investment, bar none. All to just about beat inflation, kek.

Pathetic.

>p-p-please stop making money, you're making us feel bad for being poor

>>55055958
Yeah this seems like the correct take there are just way too many midwits trying to play landlord, so much upkeep versus just sitting back and 10000xing on shitcoins while I hit whip its and make techno all day

>>55055958
>The most troublesome, illiquid and midwit class of investment, bar none. All to just about beat inflation
skill issue

>there are just way too many midwits trying to play landlord
Yeah it's amazing. I buy their rentals for below market when they're underwater and desperate to get out

>so much upkeep versus just sitting back
lmfao, type into google, "what is a property manager" and report back with your findings

>>55055958
I have a rental that has increased 300k since i bought it 3 years ago, even in the current downturn. As well i get 690 a week in income and have no debt.

If you had a bad experience that doesn't mean that property is bad, it means something else.

>>55044050

Does anyone know anything about private banks? A youtube video told me they can pay up to 10% annual WITHOUT locking it up in a CD.

Anyone actually know the rates? I can't seem to find shit on Google. Would be curious if it competes with Index Funds in my dreams of ever having more than 2k.

>>55044050
>250k still on crypto
>200k on gold

It's "in," pajeet. LARP elsewhere.

>>55055958
Lol. That's not the point of real estate. The point of real estate is it's realest wealth you can have. Your allocation in crypto should do more than enough to make up for the so called lack of performance in real estate.

Being all in on crypto at your level of wealth (not far from mine) is retarded. Just trying to look out for you anon. Not everything is digital and single shot temporal experiences. Even a low level multimillionaire should have a stash of illiquid even non-yielding assets.