If you have $3 million, are you investing in individual stocks or pic related?

[Anonymous No.20494889]

Individual stocks picked for growth, or Vanguard/Fidelity funds?

[Anonymous No.20494920]

if i had 3 mil i would build me a housing complex close to the nearest city and continue making fat stacks of rentcucks until i die

[Anonymous No.20494992]

>>20494920
Real estate at a time like this?

[Anonymous No.20495062]

>>20494889
>3mil
>Wants to risk it for more
Just have sex all day long

[Anonymous No.20495086]

>>20495062
Why not grow it to $5 or $10 mil?

[Anonymous No.20495252]

>>20495086
Do whatever then, but that's sad to not at least enjoy this type of wealth imo. Take your hobbies to the highest level, enjoy world class hotels and hookers, just chill not having to wagecuck.
I mean sure you can put these three millions into etfs and all
What coin did you buy to get here btw if you dont mind telling us

[Anonymous No.20495266]

>>20494889
I would buy VGT 50% another 25% stocks and 5% reits 20% VTI

[Anonymous No.20495286]

>>20495252
Do you want to know how I can tell you will always be poor?

[Anonymous No.20495301]

>>20495266
of course 15% in Crypto like BTC, ETH and LINK
after dividing out 1 million cash to live currently, 2 million would be invested

[Anonymous No.20495326]

>>20495286
THIS

[Anonymous No.20495335]

If you have 3million right now. Take 2 out immediately. The risk is so incredibly high. If the corona virus is not fixed by the end of August the world is going to be fucked!!

[Anonymous No.20495354]

>>20495286
Nigger unless he has plans to build an empire 3mil is more than fucking enough for a lifetime of worry free hedonism. We dont do this to be neets and escape wagecucking not to be the next Carnegy

[Anonymous No.20495359]

>>20495286
This
>>20494889
>jewguard
lol'd hard OP. Enjoy putting your money literally in the trash.

[Anonymous No.20495382]

>>20494889
do not invest in individual stocks. all stocks eventually go to zero. an index will always have the winners in them and those can carry the index and make you a fortune long term.

[Anonymous No.20495402]

>>20495354
With your mindset even 20 million would not last more than 3 years before you are back to wage slaving.

[Anonymous No.20495435]

>>20495382
Lol wtf are you talking about? There's this one technique called "selling" I heard people use it before their stock hits zero

[Anonymous No.20495450]

>>20494920
lol stupid

[Anonymous No.20495496]

>>20495252
>3$ million
>"wealth"
Noob

[Anonymous No.20495533]

>>20495359
Exprain. What's wrong with vanguard?

[Anonymous No.20495680]

>>20495533
Bobo's coming anon

[Anonymous No.20495698]

>>20495252
>enjoy world class hotels and hookers
>just chill not having to wagecuck.

Those life goals are incompatible unless you have $10M in the bank. And you sure as fuck are never going to get to the eight figure club if you are enjoying world class anything every night with $2M starting capital.

[Anonymous No.20495774]

>>20495252
ngmi

[Anonymous No.20495803]

>>20495533
What's wrong with not knowing how to actively manage a portfolio?
What's wrong with leaving money on the table?
What's wrong with investing in an individual stock in increments less than 100 and not selling covered calls?
What's wrong with going your whole life and never figuring out the truth and investing in 100% blue pilled normie vehicles?

>(((fractional share investing)))
If you don't realize why fractional shares are retarded or why investing in a stock with less than 100 shares is essentially the same thing due to the absence of fractional derivative contracts you have some learning to do
the absence of a derivatives market altogether is what makes crypto retarded
playing the market while having zero involvement in the derivatives market is for the retarded and uniformed
one may argue that the uninformed are retarded but that's another discussion

[Anonymous No.20495832]

I would go all in on LINK, unironically

And anyone not all in on link is a retard

[Anonymous No.20495847]

>>20495252
link, and on $3 million you'd blow through hookers and hotels in a couple years wtf anon

>>20495266
Why invest in VGT if you buy individual stocks though?

[Anonymous No.20495931]

>>20495252
>>20495086
3 million can generate you at least 4% a year in passive income for life which would give you an annual budget of 120k a year for whatever you want
Once you get the ball rolling on wealth it's easy to keep it rolling unless you spend everything like a nig

[Anonymous No.20495946]

>>20495803
Very interesting on selling covered calls, what would've happened with the TSLA spike?

[Anonymous No.20495955]

>>20495803
>If you don't realize why fractional shares are retarded or why investing in a stock with less than 100 shares is essentially the same thing due to the absence of fractional derivative contracts you have some learning to do
the absence of a derivatives market altogether is what makes crypto retarded
playing the market while having zero involvement in the derivatives market is for the retarded and uniformed

Explain this to a brainlet

[Anonymous No.20496009]

>>20495847
You’re still holding most of your LINK right? $3M-$5M is the scariest amount of money to have imo. It’s enough to retire on but not enough to really be wealthy and buy whatever you want. And with LINK it’s such a high chance that you could hit $10M and above if you’re already at $3M right now.

Anyways if you’re just cashing out half your stack or something I would put it in an index fund unless you want to be an autist hounding the charts nonstop.

[Anonymous No.20496031]

>>20496009
Yes this was hypothetical, I am holding until 2022 or later since I have a separate equities portfolio

[Anonymous No.20496045]

>>20494889
If I made 3 million from picking stocks I’d probably just keep doing that.
I’d probably just put together a dividend portfolio with a 5% target and take 500k out for growth plays.
I’d also get more focused on networking and doing private equity deals because that’s where you make real money.

>>20495382
>all stocks eventually go to zero
Lol


>>20495252
3 million isn’t nearly as much as you seem to think it is.

[Anonymous No.20496052]

>>20495946
Dude even ridiculous OOTM calls on Tesla are worth money. When it was 1500 there was crazy volume on 2500 calls that expired one week later on Friday. This is an extreme example but when the daily volume on a contract $1k out of the money is 5k+ you can insure that it's pretty safe

[Anonymous No.20496179]

>>20495382
I made 340% on holding Fastly and 500% on Shopify. I don't think you understand this market

>>20496052
Very interesting, will keep in mind

[Anonymous No.20496260]

>>20494889
I have about 1% of that in my 401K. Unironically thinking about withdrawing about $15K and staking CRO at 16% APR. CARES Act allows for no penalty IRS withdraws as long as it's paid back in (I think) 3 years. So basically, CRO staking.

Or if you want to stick with more traditional yet high risk high return, look into UBS etracs for those huge dividends. They accelerated a bunch of the notes earlier this year but the ones that have survived will probably keep paying out well. I'm in SMHB, CEFD, LMLB, MLPG, SDYL and HDLB and am even up on principal since I bought back when shit was blowing up left and right and everyone thought they'd liquidate them all.

[Anonymous No.20496264]

>>20495354
>lifetime

Not a very long one. You don't seem to have a good grasp on what the finer things in life cost. Maybe a lifetime of big macs every day and finally not having a roommate.

[Anonymous No.20496291]

>>20494889
All in crypto

[Anonymous No.20496345]

>>20495382
>all stocks eventually go to zero.

100% based

[Anonymous No.20496348]

>>20494920
based retard

[Anonymous No.20496393]

>>20495382
>all stocks eventually go to zero

t. mega bear

[Anonymous No.20496411]

>>20495955
Derivative contracts open the door for a variety of strategies that can allow you to manage risk, gain leverage, or generate income on a position. These strategies range in complexity and it would be tiresome to explain every single one because even myself am unfamiliar with some of the more exotic options strategies

For starters, I will explain one of the more basic and valuable things you can do with the derivatives market
A basic strategy used to generate income on a position is by selling covered calls, I'll use MRO as an example
>you buy 100 shares of MRO for 5.54
>you then sell one MRO July 31 2020 6 Call for 0.20
>you gained $20 in premium on a $554 position
>you just gained 3.6% of your initial investment instantly
>12 day waiting period to get your money (this is the day of expiration - July 31st - for the contract)

Now on the day of expiration there exists 3 different scenarios:
1) MRO price shot up over 8.3% from 5.54->6.00 in a 12 day period. You would keep the $20 you gained in premium but be forced to sell your 100 shares for 6.00 a share. Which means you would make a total profit of (6.00 - 5.54)x100 + 0.20x100 aka $66
2) MRO price increased up past 5.54 but not past 6.00 which results in you keeping the $20 premium and all 100 of your shares
3) MRO price decreased below 5.54. In this scenario you would keep your $20 premium and your 100 MRO shares which are now worth less than what you purchased them for at 5.54

After the day of expiration comes and passes, if you still have your 100 MRO shares you can then sell another call that expires a week later and repeat the process over again gaining additional premium until eventually there is a sharp enough upwards movement in a one week time frame that you are forced to sell your shares, albeit for at least an 8.3% profit + and profit from premiums if you stuck with selling a 6.00 strike

[Anonymous No.20496456]

>>20494889
I'd probably buy international bank stocks for banks that are "too big to fail" and honestly too broad to even be regulated by a single government.

Move to Thailand or something, keep a low profile but live like a lord off a fraction of your dividends. Your capital continues to grow even while you chill the fuck out on a beach.

[Anonymous No.20496478]

Large amounts of risk is for small accounts. $3m in SPY or VOO will last you for your life and probably grow in that time frame.

[Anonymous No.20496521]

>>20494889
>have $3,000,000
>invest it 100% in VTSAX
>using the 4% SWR that would provide $120,000/year that would scale with inflation in perpetuity that would never even touch the principal
Fuck no I wouldn't touch individual stocks, I'd take my eternal $120k/year and never think about money again.

[Anonymous No.20496689]

I would Invest it a dividend portfolio, and reinvest those dividends and grow the money. I've always been broke so when I get some money I'm like a dragon, I just want to acquire more and more and never spend it. Live cheap, eat cheap, have cheap hobbies.

[Anonymous No.20496759]

>>20496521
VTSAX is full of shit like GE, GM, F and IBM

[Anonymous No.20496799]

>>20496689
Are you aware that you can follow a dividend investment strategy while selling covered calls on top of gaining/reinvesting dividends which significantly boosts income gains from your position?

Dividend investing is a meme in my opinion and I always wonder if the people perpetuating this meme are aware of covered calls

[Anonymous No.20497033]

>>20496009
I would say the scariest amount of money to hold in a volatile high-risk asset is just around $750k.

With the 4% rule this comes out to $30k/yr inflation adjusted passive income for life. This is basically poverty-tier freedom from wageslavery. Holding $750k in something like LINK or even just BTC/ETH is fucking terrifying because you have just entered the city limits of 'fuck you' town, but you could lose it at any moment if the markets hiccup.

At $750k you have dual urges constantly fighting each other. One, to pull it all out and accept your cattle-class ticket to wageslave freedom, living in an 800sqft ranch home in some no-name midwest town and driving a used Corolla. This urge is driven by sheer terror at the thought of the markets shitting themselves and you permanently losing the once-in-a-lifetime opportunity to quit your job forever. Two, the urge to hold on and hope for another 2-3x so you can cement a middle/upper-middle class passive income for yourself. An income where you can actually indulge in nice things on occasion.

I am personally close to this number and have no idea how I'm going to survive it. I really hope LINK just dildos from here straight to $50 overnight so I don't have to agonize about when to sell and what kind of lifestyle to settle for.

[Anonymous No.20497612]

>>20497033
Pull out 500k, keep the rest in. Ezpz.

[Anonymous No.20497631]

>>20497612
And then the 250k remaining evaporates in a market crash and I have to live on $20k passive income for the rest of my life. Horrid.

[Anonymous No.20497654]

>>20494920
i live in a 10 unit apartment building and currently 2 are unoccupied and 4 are being evicted

[Anonymous No.20497677]

>>20497631
There's not much difference between 30k and 20k. If the market doesn't evaporate, because of the normal volatility of this asset class, you'll reach your goal guaranteed. If instead it does evaporate, you barely feel it. That's exactly why you should take out 500k.

[Anonymous No.20497702]

>>20495382
>Apple, Microsoft, Alphabet, Facebook, Nvidia and Amazon will go bankrupt. All of them

[Anonymous No.20497708]

>>20495354
you are a retarded subhuman piece of shit. get the fuck off my board you useless brick

[Anonymous No.20497722]

>>20494889
if you have 3 million buy a house with some land and pay cash for it. That locks in some of your gains. Then take whats left over and put half into an index fund and the rest into undervalued blue chip stocks. Keep 100,000 cash at all times so you can buy dips or do some penny stock flipping

[Anonymous No.20497724]

>>20494889
Put 50% in rhodium, spend the other half immediately. You're welcome.

[Anonymous No.20497728]

>>20497708
Lol settle down.

[Anonymous No.20497740]

>>20494889
Shorting Vanguard with 3 mill.

[Anonymous No.20497775]

>>20494889
I make that much every year (trader at top-tier firm ie. Citadel/Jane Street/Optiver guy here) and my primary investment vehicle is the Vanguard 500 admiral shares. Best risk vs reward imo.

[Anonymous No.20497856]

>>20497775
This is exactly why you are still working on cuck street and not cruising around the world with the big dogs on a yacht

[Anonymous No.20497898]

>>20497856
Honestly I just like building models. I don't really have many interests or hobbies outside of work unfortunately.

[Anonymous No.20497934]

>>20497740

[Anonymous No.20498013]

>>20497898
>don't really have many interests or hobbies outside of work
start a family?
or why not challenge yourself and start a business for fun?
sounds like you got time and money maybe do something more with it than building models all day for your billionaire hedge fund manager

[Anonymous No.20498147]

>>20497775
That doesn't make any fucking sense. I know for a fact guys that work in Renaissance keep their funds in that fund or buy individual equities based on knowledge i.e. Datadog, Shopify, Moderna

[Anonymous No.20498412]

>>20497775
VFIAX instead of a thoughtfully picked equity portfolio?