/biz/ - Business & Finance

about 8-10% of my wealth is in crypto. Most normie investments, and I keep 100K in cash waiting for the great depression reboot to buy the biggest dip of my lifetime.

>>10822718
All 0xBTC I don't save a dime.

ALL IN

>letting jews touch your money

>>10822718
all in crypto. at least with every big moon you beat inflation rate by 10-20x.

>>10822718
I cashed 100k crypto gains to my savings account.

>>10822763
>great depression reboot
>keep 100k cash

your cash will be worthless in that scenario. deflation followed by government induced hyperinflation. only gold and crypto will survive the purge

>>10822718
Wait you're not supposed to go all-in?

>>10822785
I fell for this meme and lost 70% of my life savings

>>10822768

95% of my net worth is in LINK unironically
yolo

>>10822718
50% of my money is in crypto

I put 10% of my paycheck in savings another 20% in non crypto investments 25% in crypto investments and the rest as fuck around money. I am peak happiness and bang hot asian girls every week.

in january 99.995% of my wealth was crypto

closer to 98% now because of the 90% market crash, and having to get a job

>>10822809
>he didn't mortgage his house to invest it all in Bitconnect
Not gonna make it.

>>10822718
80% crypto 20% cash and stocks

Totals up to about 120k

>>10822928
where to cop hot asian girls?

>>10822799
Utterly stupid post

OP here. I got

>$9k in crypto
>$2k in the checking
>$100 in savings
>$1k in silver coins

so im 75% crypto

>>10822718
I had a savings account as a teenager. Then when I started depositing big checks, the bank wanted to talk to me and opened up some premium interest savings. I eventually closed it down then they opened up some automatic debit card savings without my consent which I still have.

>>10822979
>the dollar will be the world reserve currency for eternity
>he doesnt know that we export our inflation
>he doesnt know the only reason were not in hyperinflation right now is because we threaten to bomb countries that dont want to use the dollar

>>10822973

Imagine having no sense of risk management.

This is why y'all broke instead of steadily accumulating capital every month.

>>10822718
>20k in cash
>80k in crypto even after crash
feels comfy

>>10823794
what should I do with my 20k in savings account? I already have my 401k set up and enough in crypto to make it if we ever see another bull. Should I open an investment account and put like 200 a month in an etf or something?

>>10823832

Take advantage of tax efficient accounts like an IRA. Max out your 401k match, max out your IRA 5500 contribution and throw the rest into some type of savings account as an emergency fund.

>>10823895
that's gay shit I want to invest in a way I can pull it out when I'm ready to buy a house

>>10823895
>IRA

33 on crypto
66 on savings
During december january it grew to the point it was actually
66 crypto
33% on savings

>>10822718
What do you think?

>>10823917
>>10823929

t. broke retards that are chasing a quick buck

>>10823917

Ok so open a brokerage account and invest in muni bonds

>>10823947
>*sip* I should go on /biz/ to talk about IRAs
>Reagan, now he was a president

>>10823973

I mean your broke and asking me how to invest your little amount of money. Im trying to help you do the responsible thing but you want to throw it all in a highly speculative market where your surely going to low money for the foreseeable future if not forever.

Zoomer here, doing 50/50 cash & crypto. Wanted to go into stocks and commodities, but its too late as we all know recession is imminent. I'd like to buy Gold eventually but it looks like it's still correcting down.

>>10824014
lol if crypto is too risky for you, put the rest into stocks.

Pick up some docusign and salesforce monday morning. Both have their earnings reports in the coming weeks and there might be some sweet partnership announcements.

>>10823973

>He enjoys paying more taxes than he has to

>>10822718
Everything. In. Crypto.

>>10822718
i got 5% in btc 30% in real estate 30% in stocks rest is cash

>>10822718
I don't use my savings account anymore, but OP when I did have one I made a huge report about over 30 savings accounts and the pros and cons of each one. Keep in mind this was in February 2017 so things are drastically different now but I've found the absolute best savings account out there is Dollarsavingsdirect.com. Interest rate is currently 1.80%, it's all online, good customer service, no jew fees for things like a "dormant account" or other problems. I really recommend it if you're looking for one.

>>10822799
Hurr durr
Long only ammo and canned goods bc zombies

>>10824150
>1.80% interest rate

the absolute state of your country mate

>>10822799
>those digits
>that much incorrect information
>what did kek mean by this?

When the big crash comes the dollar will lose value, true...but it will certainly lose it slower than equities and foreign currencies.

You'd have to be completely retarded to have a savings account in this day and age.
That's a relic from when you could at least get more than 1/100000th of a percentage in returns.
I've got $5k cash in a safe along with my guns, and a checking account with $5k + my paycheck and before next paycheck I reset it back to $5k, with the rest of the money going to stocks or crypto.
Right now I'm about 80/15/5 of safe stocks/meme stocks/buttcoins
I get pretty much 5% return each year, and I'm really happy with that

>>10824271
I'm old enough to remember when you could 8% on a fucking CD

>>10824271
You're right, savings has been obscured by the financial systems and central banks, but this was artificial, they did this to keep the economy propped up. And you know it cant go on forever, so you just have to be ready to jump back onto something else once stocks and physical cash become obscured again in the coming times (not necessarily soon). 0% interest rates wont be around forever.

>>10823991
In what way am I broke? I have 20k in crypto 30k in my 401k and 22k in savings

Only a checkings and crypto. If you want to save buy gold or silver I guess wtf who saves money? That’s like asking to lose money

>>10822768

>>10822718
I have my entire net worth in crypto and anyone who tells you to do otherwise is retarded. It only takes one good year to outweigh an entire lifetime of ""investing"". People seem to think they're being clever talking about risk management but that belies the fact that legacy financial instruments have astronomical risks. People expect stocks to be stable for generations but the entire modern economy is predicated on the assumption of infinite growth. People are numb to volatility in crypto so waking up to -30% is nbd because it will almost certainly be up the next day. But if people wake up to the dow at -30% they will sell everything because they have experienced nothing but growth for decades.

The boomers have their entire retirement promise in stocks. It will only take one bad day for them to say fuck it and cash out since they don't have time to weather another economic downturn. This will have a cascade effect that will crash just about everything except for PMs, crypto, and maybe streaming services like Netflix since it's a service that saves people money during economic hardships vis a vis going to the movies.

>>10822718

TFSA, trading with no capitals gain but limited contribution room. Plus a regular trading account too

>>10825134
Similar circumstance, what’s your portfolio and would you suggest going all in on one project

>>10822718
a savings account here earns ~1%PA, meanwhile our dollarydoos slide against the trusted USD, I keep no more than the next months expenses on hand and even that feels fucking retarded

>>10824266

This. See boomers falling from skyscrapers -> run to phone and buy dip -> laugh at fiat crash. All about timing.

>>10825553

This. I've been just buying DGX actually for savings. Can liquidate back into Ether to pay bills via livingroomofsatoshi when I need to, or buy shitcoins on the dip. Not far off a bank being useless to me.

>>10825514
I'm mostly in link but I have some suicide insurance in xmr, btc, ltc, eth. Going all in can totally be worth it if you believe in a project but has the obvious downside of making you entirely dependent upon its success. Imo all of crypto that isn't a scam will go parabolic over the coming years and there's very little that's a bad investment.

Definitely scooped up a lot of xmr and req during the recent crash to diversify. What's your folio look like?

>>10822763

>keep 100k in a shit yield savings account for the next 10 years waiting for "muh depression"
>market doubles
>eventually market dips 20%
>WOO TIME TO BUY THAT DIP

>>10822718
3% in crypto, zoomer
30% stocks
40% real estate
27% bonds

Have online savings which is basically just a separate depository than my checking for keeping cash to eventually deploy (while compounding marginal interest). <10k in it but saving more each month after taking care of all essential bills, contributing to IRA, etc.

> 28 Y/O Boomer
> 5k in crypto
> 4k in savings
> 6k in roth ira
> ~160k in home equity
> 4k in silver/gold
> ~3k in precious stones
> ~5k in guns/ammo

>>10827260

Dump your roth and savings into crypto. 10k is not worth the effort. The jews and saudis use your money to fuck each other in their hairy assholes on private planes.

>>10823929

We carefully analysed the demographic we want to hit, sad retards who are in their teens and boy did brad hut the jackpot with the boomer holding the can. Stacey said BRAND AWARENESS so loudly she nearly fell of her inflatable exercise ball. The best bit is we love the idea of you doing our work for us. So all you sad lonely types looking to belong just do our work for us and post boomer memes with the monster logo in them. Please don't think about vomit when you think of our lovely logo.

>>10822718
I actually siphoned my entire bank account, IRA and e-trade account into crypto. YOLO boys. 100k LINK, I'm already a millionaire in one year.

Who the fuck thinks an IRA will survive the incoming recession? Yah it might rise for another year, but you're retarded if you think you can rely on instutitional money to safeguard your retirement. You should ask the boomers whose accounts got wiped after 2008 how their retirements going. Oh that's right, they're filing for bankruptcy at record levels.

I only have enough in my bank for 6 months of rent at any given time. Rest is all in Crypto. If I need to buy something I sell Crypto, still riding some of my 2013-2014 gains. Not rich tho.

100% in crypto. Never been so sure of an investment.

>be me
>$17k in 401k
>Look into loaning myself the money for the next big crash
>Only able to loan myself $7k

You win this one Mr. ((401k))

>>10822718
Crypto is my savings account, a savings account is shit, you could symbolically put something away but you won't earn anything from it.