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24061124 No.24061124 [Reply] [Original]

Anyone else in burgerland not gonna have a 401k and just put their retirement money in BTC? Am I retarded for thinking this is a solid plan

>> No.24061151

No, that's crazy. Never do this with a single asset-class no matter how stable it seems to be.

>> No.24061165

>>24061151
Hmmmmmmmm youre stupid

>> No.24061279

>>24061124
Yes.

>> No.24061284

>>24061151
you can just sell when it starts dropping you know

>> No.24061315

>>24061165
Strong correlation between the image you posted and your dismissive attitude. You're probably still three years from knowing what modern portfolio theory is. By all means buy a shit ton of crypto, but if your entire retirement stability hinges on the momentary value of BTC, you're a fool.

>> No.24061325
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24061325

>>24061124
>kills your retirement overnight

Nothing personal kid!

>> No.24061341

>>24061124
Not a burger but I don't have a pension. I'm almost 100% sure I will have $5MM+ by the time I retire so I don't really worry about it. Currently at $1MM and mid 20s.
If you're financially comfy (you can afford to be wrong) and have a lot of faith in BTC then there's nothing wrong with it.

>> No.24061343

If you get 401k matches and dont take them you're retarded and leaving money on the table.

>> No.24061353

I get a 60% match by my employer for every contribution I make. I allocate it all in the most YOLO equities funds available. Recently I took out $12k, penalty free under the CARES Act early-withdrawal fee waiver deal. It's already made that money back so I'll have to look into withdrawing more. If there were no match I would not contribute to a 401k because that money is useless until age 60! By then inflation will have destroyed its value completely.

>> No.24061361
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24061361

>>24061124
I'm not going to put money into a 401k, because I'm probably not going to live to 62 or whatever age it is.

>> No.24061385

if bitcoin goes down in USA it will still be valuable somewhere else. So you can still retire in venezuela and live like a king

>> No.24061387

>>24061325
Imagine being in that room alone and not attacking this monstrosity to save all humankind

>> No.24061703

>>24061353
>>24061343
Good point, never had a job where my company matches 401k bc Im 20 years old

>> No.24061807

>>24061124
Where is burgerland anon?

>> No.24061872

>>24061124
crypto is a meme and is never going to be the ' next world reserve currnecy'. you fucking retards. if it gets too big bankers will just buy it and crash the market to break normies. you gullible cunts lmao

>> No.24061874

>>24061343
This always put in exactly enough to match but never more imo

>> No.24061909

>>24061124
I max out my employer contribution but not a penny more.

>> No.24061910

>>24061807
United Jewish States of Israel

>> No.24061945

>>24061124
if btc moons: genius
if it dumps: retard
simple as that, time will tell

>> No.24061987

>>24061872
>buy all the corns
>crash the market
>people buy all the corns cheap
>banks have no more corns, have to buy them again and pump the market
>people make money
genius strategy there banks

>> No.24062028

>>24061361
You just let it grow without paying taxes on it and withdraw whenever you want who gives a fuck about a 10% fee? My entire 401k has 2xd in a few years