/biz/ - Business & Finance

[Anonymous No.24238991]

Let's talk some life theory here.

>You are a 35 year old boomer w/ 2 kids and a wife you are very happy with
>You work a wagie job which isn't so bad, makes you $100k/year before your revenue share which gets you to a total comp of around $150k/year and you also own .5% of the company valued at $20MM but your equity has a low probability of ever actually paying you anything (e.g. no liquidation event in sight)
>You still want to kys every day because being a wagie is being a wagie
>In your young 20's you had a relatively successful touring indie rock band, and still write good music plus you have other hobbies but given family life & work not a ton of time to invest in those hobbies
>You hold 50k LINK
>It is November, 2021. LINK just hit $60/token. You could officially cash out all and make your salary every year from dividends/investment returns. You of course also have the option to cash out partially, or not at all.

What do?

[Anonymous No.24239011]

>>24238991
kys, easy

[Anonymous No.24239054]

I wish I was a 50k holder...

[Anonymous No.24239091]

>>24239011
>>24239054
Guys it's a fucking hypothetical just play along, holy shit

[Anonymous No.24239103]

>>24238991
Are we taking taxes into account for this?

[Anonymous No.24239125]

>>24238991
I would quite literally never sell, just live off the steaking gains

[Anonymous No.24239149]

Depends on the insurance situation.

[Anonymous No.24239161]

>>24239103
Absolutely
>>24239125
Let's assume there is no staking YET

[Anonymous No.24239195]

>>24239149
Clarify

[Anonymous No.24239332]

>>24238991
nah, similar situation but only 1 kid. $3,000,000 is nothing and won't last. $200-300 or bust

[Anonymous No.24239333]

>>24239161
Alright, fair.

Well, personally, I would cash out partially- test the waters and see how things go at first- see if the Dividends and investment returns pay out like you think they would, sock a portion away to guarantee education for the kiddos, that kind of thing.

If that all goes relatively well, take the rest out and continue as planned.

I would do the following:
Pay all debts, except for intentional revolving accounts.
Turn some into gold/silver/plat, enough to ensure a good retirement, a rainy day fund, and good education for the kiddo's.

only THEN does the rest go into investments and dividends and whatnot.

[Anonymous No.24239638]

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

[Anonymous No.24239758]

>>24238991
I’m 33 used to be in a touring band still write good music and have exactly 50k link
Went neet a couple of years ago and just trade enough to get by while holding my stinks
It’s pretty comfy desu especially when I can use my link stack as leverage on aave made over $28,000 in just over a week riding that little pump from $12.55 to $16
I promised myself not to sell any until $100 at which point I’ll probably sell 20,000 and buy a nicer house for me and my fiancée
I don’t have kids yet but it’s happening asap
I’d like to hold until $200 but that would take a Herculean feat of willpower to pull off
Maybe I’ll sell 30,000 at $100 spend $2m on a house and put the other $1m in DAI and then throw that into yEarn’s y3crv vault for an extremely comfy passive income stream of like $5000 a week minimum
The last 20,000 link will be staked as I also have 1LP share
If link hits $200 I’ll sell 10,000 link and keep the last 10,000 staked forever
That’s roughly my plan but it changes a lot

[Anonymous No.24239913]

>>24239638
you are a MANIAC

[Anonymous No.24240073]

>>24238991
Wanna know how I know this is fud? LINK will be way higher than $60 by then. Try $300

[Anonymous No.24240112]

>>24238991

Murder your family and start over

[Anonymous No.24240304]

>>24238991
>What to do with 3million in link, and some equity in a company?
easy!
>never sell a % of link, diversify into btc for a 10 yr hold
>do a loan on link so you can go to SEA live out whatever RocknRoll fantasy you could dream of
>while recovering stake in link in a pool
>invest maybe 10-15% in various crypto funds/pool
>stake 32 eth
>buy a hotel so that you can legally claim 0 taxes forever
>save 100k for cryogenic lab in Arizona
>take a loan against your rental, and pay for the researchers at tele aviv alter your dna code
>you are now permanently 29
>pay 30k for influencers to shill your name on social media, use a brandable name like "The Worlds 1st Bitcoin Billionaire"
>hire hiliary clinton (100k) to host a lavish dinner party and put a good word to speak to elon musk
>donate to musk with the explicit intentions of being on the foundation for the microchip implant
>become a founding chair member for life under neurolink

[Anonymous No.24240841]

>>24239332
LOL

[Anonymous No.24240881]

60$ is fud

[Anonymous No.24240949]

>>24240304
Upboat

[Anonymous No.24240973]

Do you understand staking, you shouldn't have to sell your investment just the rewards.

[Anonymous No.24241193]

What type of indie rock?

[Anonymous No.24241240]

URGENT!
Uniswap is doing a second Uni Airdrop but its limited so be fast

[Anonymous No.24241403]

>>24241240
Stop lying to me!
>>24238991
Wait, once we make it, we have to keep making it? Wtf!
I’m cashing out RN

[Anonymous No.24241505]

>>24238991
imagine still waging at 35. I couldn't have done it.

[Anonymous No.24241508]

>>24241240
kek the pajeet grind is real

[Anonymous No.24241873]

>>24238991
> you had a relatively successful touring indie rock band

indie guy here. what's the (hypothetical) band name so i can judge you

[Anonymous No.24241945]

>>24241873
Fishing with the Devil

[Anonymous No.24241988]

>>24241945
needs more syllables

[Anonymous No.24242409]

>>24238991

bruh it 200x's ICO. it's over for a year. DIA is next. follow the cycles.

[Anonymous No.24242766]

>>24241240
Choke in your curry fucking streetshitter

[Anonymous No.24242997]

>>24242409
>unironically this. dia is no brainer in the bull run.

[Anonymous No.24243217]

>>24238991
start an onlyfans and put sharpies into your ass for money

[Anonymous No.24243268]

>>24238991
Ha this is my exact situation except I make 400k a year so it’s a bit harder to let it all go but I intend to at link $100 if that ever happens

[Anonymous No.24243277]

>>24239195
is the current job providing insurance for the family? what is the cost difference purchasing those plans otc rather than through an employer?