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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23003025 No.23003025 [Reply] [Original]

Sell all your crypto, pay off your debts and put your money into some nice, safe mutual funds with average return rate of 12% in the last 50 years.

>> No.23003033

>>23003025
Im about to. Crypto returns have been shit

>> No.23003048

>>23003025
and take all the disposable income you have and put it down on a house and eat canned ravioli for the next 5 years

>> No.23003057

>>23003025
pork and beans

>> No.23003061

>>23003048
Mmmmm, canned ravioli. Much better than the rice and beans I've been having lately.

>> No.23003192

BETTER THAN I DESERVE

>> No.23003213

>>23003033
how? did you join two weeks ago?
if so do yourself a favor and get in early to the dex price predictor clover42

>> No.23003464
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23003464

>>23003025
Renting? Not good. Live in a garbage can and work a dead end job until you can afford to buy a house.

>> No.23003544

>>23003213
>yes sir this is legit pruject and we are not from the shitty india I swear

>> No.23003833

>>23003464
He says renting is fine

>> No.23003869
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23003869

>>23003025
fuck off boomer

>> No.23003892

is 12% true? can you back that up?

>> No.23003910

“Safe”

>> No.23004536

Bump

>> No.23005065
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23005065

>>23003025
A "shitcoin"? I'm afraid I don't know nothing about that, friend. But I do know about safe, sound investments that will get you a stable 5% growth a year which will put you on the fast track to retiring in your mid-50s!

>> No.23005113

I put 1000 pounds into the ftse 100 index in january '98, I now have 1003 pounds. Safe, steady, sensible gains just the way I like it.

>> No.23005120

>>23003025
Ok boomer

>> No.23005148
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23005148

>>23003025
>average return rate of 12%
I love this meme

consider an imaginary mutual fund, with fees included they average 0% per year
first year your money does 1%
next year it does -1%
the average is 0%
but you're -0.01%

>> No.23005225

Have you finished baby step 1? how much is in your emergency fund? Better get eating those rice and beans.

>> No.23005318

the guy even talks shit about PMs
the fuck is his game

>> No.23005382

>>23003025
Ecochain solves this.

>> No.23005384

>>23003025
Debt is only 20k would be a fool to take out 20k in crypto that can pump 100x a day

>> No.23005392

>>23003025
>safe mutual funds with average return rate of 12%
which one?

>> No.23005419

>>23003025
not gonna happen with this inflation. my debt is worth less and less in purchasing power parity while only growing nominally a tiny bit and my bitcoin is going up about 50% a year on average or more.

there is no way i will follow this retarded advice.

>> No.23005426

>>23005392
the ones he shills that you have to buy through him.

>> No.23005571

I unironically want to see the whole system crash just to watch him neck himself on air.

>> No.23006170

>>23005571
"worse than I deserve"

>> No.23006183

>>23003025
mutual funds and all jewish paper instruments aren't say in post-covid zombie economy

>> No.23006187

>>23006183
*safe

>> No.23006516

I'm getting 9% on USDC right now. Honestly considering going all in on it.

>> No.23007108

>>23006516
If you’re under 30, do it. If you have kids and a shitty job 33% or else you’ll hate yourself.

>> No.23007160

>>23005113
>ftse 100
>cherry picking a shit brit index that covers 4% of world market cap
retard

>> No.23007749
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23007749

>>23006516
where?

>> No.23007785

>>23003025
no thanks i dont want to be poor forever

>> No.23007846

>>23005392
The ones his sponsors sell with 5% front load fees.

>> No.23007960
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23007960

You do have 3-6 months of expenses saved up, right anon?

>> No.23007978

I put them in ETF index funds, am I gonna make it? Should I do mutual funds instead?

>> No.23008154

>>23007978
You won't make it just by investing into any fund, anon.
It's for preserving your wealth when you already have it while the value of it increases slightly.