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/biz/ - Business & Finance

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56312111 No.56312111 [Reply] [Original]

I inherited 400k euro. I am scared shitless of the economy busting in two weeks.
About to buy 200k of gold and 200k of bitcoin, i am too retarded for stocks. Any advice? If not, at least wish me luck anon.

>> No.56312133

>>56312111
Why buy 200k of gold? The fees are high when you buy and sell, and youll need a place to store it.

>> No.56312152

>>56312133
I have found a company that stores it and insures it for 0,5 percent of the cost a year. So for 1000 bucks a year i can have it safe. I dont know how retarded is this.

>> No.56312172

Hahahahaha
>Too retarted to buy stocks
>Buys 200k crypto and 200k gold
You're right, you are too retarded to do the easiest of things

>> No.56312189

>>56312111
Buy property with that money, retard. Something cheap that will let you stop renting. That's the best thing you can do for yourself

>> No.56312200

>>56312172
starting from zero knowledge to buy stocks right now. Probably just buy sp500 but who the hell knows what is going to happen when shtf next year

>> No.56312205

>>56312189
I already have a nice house with no mortgage. Thanks dad

>> No.56312211

Take the gold money and invest it in an ETF. I'd personally pick SPY if you know nothing about ETFs. Consider learning about the wheel 90tions trading strategy as well but whatever you do do NOT buy gold

>> No.56312215

>>56312111
>i'm terrified of losing my inheritance because schizos convinced me the economy is going to collapse in two weeks
>let me just invest half of it into the notoriously volatile asset that fuels an online vaporware casino
based retard

>> No.56312217

>>56312205
Then why are you paying someone to store your gold? Store it at home. And I'd say hold on to some cash and put it in that safe as well, it's nice to have some cash, and not in euros

>> No.56312221

>>56312111
Mate, just put it in a bank with wealth management services while you study how to properly invest money and control your emotions.

>> No.56312227

>>56312215
Based schizo retarded

>> No.56312228

>>56312211
what is going to happen to gold? Is not the safest of things?

>> No.56312234

>>56312228
The price of gold has been stagnant for a long time. It's not like you'll lose all of it but generally the goal with investing is to at least keep up with inflation

>> No.56312240

>>56312221
>bank collapses

>> No.56312245

>>56312221
I am listening to a lot of smart people saying that a lot of inflation is coming, maybe banks failing. I am just too scared right now, combined with my retardation that makes a bad situation

>> No.56312250

>>56312234
Do you think it will go up in the money printing madness and finance crazy shit coming?

>> No.56312290

>>56312240
>bank collapses
>All the assets from the mutual fund you invested in get liquidated and you get your money back

Even if we have a 2008 2.0 escenario, Bitcoin would probably be almost at zero (taking in consideration that no one considers it a form to store value and just as a casino game).

>> No.56312299

>>56312290
proper risk assessment means being hypervigilant about the possibility of a bank collapse, and choosing to instead safely store your assets in the form of Bit Coins.

>> No.56312312

>>56312290
I thought a lot of smart people use bitcoin as a way to safely store money, and that it will shoot up in a 2008 2.0 scenario probably coming in the next years

>> No.56312320

>>56312245
"Smart" people have being telling the same thing for about ten years, if you are really worried about a doom's day scenario just buy a bunker, guns, and equipment to grow food.

>> No.56312521

>>56312299
>The fed raises interest rates
>Bitcoin loses more than half of it's value

>> No.56312767

>>56312152
You'll find out when they go bankrupt, or get raided by the government, and 'your gold' disappears.

>> No.56312876

>>56312521
yeah i was making fun of these people

>> No.56312931

>>56312111
Buy land you stupid retard. Gold is pumped rn the price is gonna drop in the future and it can also be stolen, destroyed, lost.

>> No.56314839

>>56312111
It all depends on your income and your age, but 50:50 gold:bitcoin is retarded in almost any case. Gold should be much less, SPY should be at least 30%, amount of Bitcoin depends on your risk appetite. And keep some in cash.

>> No.56315786

>>56314839
How do you invest in spy from europe, is etoro something you would recommend?

>> No.56315826

>>56315786
ask in /smg/

>> No.56315851

>>56314839
Imagine being so dumb giving kikes more money for their about to collapse toilet paper

>> No.56315853

Some people are born with a golden spoon up their ass and still manage to fuck up. I have to work 10 years to save that up.
100% tax on inheritance when

>> No.56315867

>>56312111
>gold

just no

https://www.youtube.com/watch?v=1uA3Ssp-5as

>> No.56315881

>>56312111
Godspeed and good luck anon.
If I were you, I'd at least save some of that for living expenses... say a good 40 to 60K of it. The rest, invest as you see fit, just be prepared to lose all of the Bitcoin and for Gold to be manipulated lower, before it goes higher.
Stocks are retarded, but investing in some war stocks, might not be the worst idea, with all the WWIII talks.

>> No.56315901

>>56312200
>shtf
been hearing this word since 2020. checkd though

>> No.56315970

>>56315853
>100% tax on inheritance when
In 10 years you'll be singing a different tune

>> No.56316012
File: 158 KB, 1571x805, 1682456168554896.jpg [View same] [iqdb] [saucenao] [google]
56316012

>>56312111
>A fool & his money are soon parted!

But unironically in this fool's case.

>> No.56316031

>>56312111
Talk to a financial adviser ffs. Normies come across money several times in their lives and always blow through it because they're retarded. Gold has a horrible return on value, making it objectively worse than stocks if you're concerned about preserving your money. Bitcoin can be fine as a small portion of your portfolio, but 50% is absurd. Just put it in mutual funds and only check the balance once a year.

>> No.56316039

>>56312240
FDIC.

>> No.56316655

100k gold 100k bitcoin and let the rest go in a high yield account. You're not wrong but you are probably early

>> No.56317033

>>56315881
Thank you Anon, you give me hope in this retarded kiked world!

>> No.56317246

>>56312111
Fuck the haters, 50% Gold and 50% BTC is based. YGMI. Maybe 45%/45% and then put the last 10% in alt coins. LTC, ICP, LINK, RNDR, LUNC

>> No.56317256

>>56312133
200k gold is like 120oz or 10 lbs. It's like needing to store a 2L bottle. Not a big deal

>> No.56317260

>>56315881
Be prepared for BTC to go to 0... this whole thread is a huge bottom signal

>> No.56317389

>>56317260
>Be prepared for BTC to go to 0

biggest idiot on 4chan right now