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/biz/ - Business & Finance

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53060351 No.53060351 [Reply] [Original]

lets say your parents hand you a check for 200k. what would you do with it?

>> No.53060368

>>53060351
runway to start my businesses. im done with putting money into crypto. that said if you dont have any crypto, consider having a long term stack with some of it.

>> No.53060375

>>53060351
use it as rolling paper and smoke the most expensive joint in history

>> No.53060420

>>53060351
buy a house

>> No.53060435

I'd buy the most beautiful woman and creampie her all day. When the money is gone then it's time for helium bag
Fuck thinking about the future. We'll die in the end & the great reset will win. might as well enjoy the most pleasurable thing and go with a bang

>> No.53060502

>>53060435
Okay, Mr Hedonist.

>> No.53060645

Set aside 40% for taxes and put the rest in an index fund.

>> No.53060656

>>53060645
>gifted money
>recipient owe tax
guess again. youre thinking inheritence tax.

>> No.53060862

>>53060656
Even inheritance has a 12 million exemption limit which is shared with gift tax

>> No.53060899

im literally giving them 200k checks so i would just hand it right back to them

gtfo my board zoomie, millenials made it last run

>> No.53061111

>>53060656
"Anything over 17000 next year requires paperwork to be filled out. A special rule allows gift givers to spread one-time gifts across five years’ worth of gift tax returns to preserve their lifetime gift exclusion which would be 85000 (2023). There is a lifetime exclusion of 12.92 mil." Can someone explain why there is both an annual exclusion limit and a lifetime exclusion limit? 17000 over about 80 years would only be about 1.3 mil. Nowhere near 12.92 mil. Are you just at the mercy of the IRS depending on what the money was gifted for? I'm trying to understand this but I'm more confused after looking it up. Can someone explain this clearly?

>> No.53061424
File: 358 KB, 1920x1059, 1639450130286.jpg [View same] [iqdb] [saucenao] [google]
53061424

>>53060351
give it back, because I could not live the rest of my life knowing my mommy and daddy were the foundation of any financial success.

Never mind the fact that what do you would think would happen if you did actually make it. They would hold it over your head for the rest of your days.

This is /biz/ - and the statement sounds like -
"when my parents give me my birthday money , i'm going to..."


you have to be 18 to post her

>> No.53061513

>ven cucklon got margin called once
Go to university.

>> No.53061816

>>53060351
Throw it all in boomer stocks.

>> No.53062708

bump

>> No.53062756

>>53060351
Fund my own online business or day trade with it

>> No.53062805

>>53060351
My parents did and I bought 10k Chainlink tokens with it.
Now I have $56k worth of Link left and I’ll never get my hands on that kind of cash ever again

>> No.53062836

>>53060351
Buy a house and a car....before you say 200k isn't enoug...tiny house, used Toyota or Honda.

>> No.53062970

Buy a new car and some new clothes. The rest goes into my retirement account (such as it is).

Where I live, $200K won't even buy a trailer, even if I wanted to live in one.

>> No.53063253

>>53060645
This is my plan whenever the inheritance enters the picture. I foresee education and housing becoming more expensive in the future so I want to be in the position to pay it forward to my future children (and my niece and nephew) if possible.

>> No.53063264

>>53060351
Bruder casino alles auf rot.

>> No.53063269

place it in the bank

>> No.53063380
File: 250 KB, 418x479, 1661096324324065.png [View same] [iqdb] [saucenao] [google]
53063380

Buy an apartament in an as affordably safe place as possible. The rest will probably for renovation.

>> No.53063411

>>53060351
alll in bitcion. dollar cost average

>> No.53063656

>>53060351
Buy crypto but never go all in.

>> No.53063674

>>53060351
buy a small home on a large wooded piece of land and turn it into a farm for my sons

>> No.53065477

>>53060351
I would no longer have to worry about my tuition and maintenance costs for studying abroad next year.
>>53060420
With 200k? Would be a fucking shit house.

>> No.53066977

>>53063656
Shittiest

>> No.53066990

>>53065477
You have money?

>> No.53067018

>>53062805
At which price you bought?

>> No.53067040
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53067040

buy more picrel before CBDCs take over

>> No.53067184

>>53060351
BSV

>> No.53067226

>>53067184
Scam

>> No.53067365

>>53067040
Damn

>> No.53067387

Give it back to them. Mommy and daddy's money comes with too many string attached for me to ever fucking accept a check for 200k from them.

>> No.53067388

>>53061111
The annual limit is just the amount you can gift without having to report it to the IRS.

>> No.53067419

>>53060351
Roth IRA, then forget about it until ur 70

>> No.53067473
File: 40 KB, 561x547, images - 2022-06-06T035957.892.jpg [View same] [iqdb] [saucenao] [google]
53067473

>>53063656
Investing in a variety of assets is smart because it can help you avoid losing all your money if one of those assets doesn't do well. Diversification doesn't guarantee you'll make money, but it can make your portfolio less risky. I already secured my vet, xpress, xlm, dot, icx, ebox and atom. Don't just put all your money in one place, spread it out to be safe anon.

>> No.53067482

run the wheel on spy and take the weekly premiums to the casino

>> No.53067533

>>53061424
Poorfag jealously

>> No.53067557

Save 75-100k of it, pay off debts, put the rest in dividend ETFs.

>> No.53067575

Buy gold, silver, a huge piece of land.

>> No.53067588
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53067588

>>53060351
buy 1 steak

>> No.53067608

>>53067473
>Don't just put all your money in one place
>crypto

>> No.53067631

>>53060351
All of it (100%) into 6 month t-bills.

>> No.53067802

>>53067473
Someone is diverisfying

>> No.53067835

DCA into etfs/spy/reits and gt a good base going. lets you safely go ham elsewhere.

>> No.53067847
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53067847

>>53060351
50% on ROSE
25% on AVAX
25% on PNK

I love losing money.

>> No.53067880

would buy Polygon (ticker: MATIC) before the launch of the first open-source zkevm early 2023, providing devs with a faster and cheaper version of ethereum to build their dapps

>> No.53067888

>>53060351
Buy a duplex

>> No.53067953

>>53063656
I gotta take my chances with holding and staking Zpay and UTK on Maiar DEX. Elrond project will definitely give the best ROI

>> No.53067957

>>53060351
Get a financial advisor and ask them

>> No.53068078

>>53067608
Do you not invest in crypto?
>>53067802
It's always been my approach since I don't find it alluring to go all in and buy a single coin. Ensure that every coin you invest in has a stable foundation for long-term holding. Think about the team, the product, and the upcoming plans.

>> No.53068310

>>53067957
Nice one

>> No.53068329
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53068329

>>53060351
I wouldn’t cash it because then it would bounce and the Bank Jew would come after them for “”“fees””” and I wouldn’t get the money either way

>> No.53068348

>>53060351
if my parents had that money i think i wouldn't be in my current mess in the first place. meaning i probably wouldn't need 200k

>> No.53068474

>>53068078
What product you think will boom huh?

>> No.53068526
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53068526

>>53060351
I'll use half of it in increasing my stake in Utrust's onchain staking that I'm earning 35% APY from then invest the remaining in real estate

>> No.53068664

>>53068474
One of the services that will unquestionably take off is the one that provides real-world applications, such as crypto payment gateways. Additionally, I'm sure that blockchain projects will flourish. I can't guarantee anon.

>> No.53068690

>>53060351
Give it back to them. I hate my parents

>> No.53068873

>>53060351
>lets say your parents hand you a check for 200k. what would you do with it?
Payoff all variable rate debt and fixed debt over 6% interest. Put the remainder in 30 year Treasury Bonds next year when they hit 6%+ interest rate.

>> No.53068941

>>53060351
I would be very shocked my parents were alive.

>> No.53068945
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53068945

Buy as much land as I can, and build a modest home. Pic rel is the “backyard” on my 6 acres

>> No.53068974

>>53060351
GOLD.

>> No.53069030

>>53067040
whats the green logo?

>> No.53069035

>>53069030
Bitdao
decentralized, self governed organization

>> No.53069040

>>53060351
Downpayment on a rental property, rest in treasuries
this is assuming I already have a place to live that I can afford without this windfall

>> No.53069063

1. buy house
2. pay jew to invest the rest

>> No.53069122

>>53067802
Oh i love crypto

>> No.53069193

>>53069040
If you pay this with crypto through crypto payment processors like Alchemy Pay and Xmoney, you can gain more assets through cashbacks.

>> No.53069199

>>53060351
100k in link, 100k in anything I need.

>> No.53069213

>>53069193
I'm not currently in a place where I'm willing to risk a sum like that in the crypto market.. $100k in the treasuries would pay me $333/month in cash flow, I could use that cash flow to DCA into a volatile market like crypto

>> No.53069622

>>53060351
UTK burning mechanism will be kicking off any moment from now, so it will be a good investment choice