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/biz/ - Business & Finance

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9010968 No.9010968 [Reply] [Original]

My portfolio is worth 300k again. What do I do?

>> No.9011098

>>9010968
I was gonna buy a cool $7k car.
then things crashed and I got sad and dreamed about the car.
But now that we're back I might buy it again.
Or we buy rental properties. Buying a few rental properties is a better idea but I can't afford the down payment yet.

>> No.9011109

>>9010968
take out half

>> No.9011206

>>9010968

you sit on your btc stack, next time we crash the bottom will be at $20k

>> No.9011222

>>9010968
tether the fuck up

>> No.9011226

>>9010968
>$300k profile
>hasn't thought out priorities
Fuck off with your LARP.

>> No.9011251

>>9011226
I'm in a similar position to OP lol. Fuck off.

>> No.9011316

>>9010968
>>9011251
I believe people like this. Either you will cash out half now and the market will go on a massive bullrun or you will hold and we will see new lows. Please all of you, take profits so we can go higher.

>> No.9011335

>>9011251
What's wrong with you? If you have a position like that you should be protecting it with stop-losses and selling percentages based on gains thresholds. Think about what your position would be right now if you were disciplined before the January dump. How are there so many people with large folios that have absolutely 0 understanding of how to gain from bull/bear market cycles?

>> No.9011388

>>9011335
I’m same as them and just hodl. Lost a few hundred k that way but it’s regaining.

>> No.9011549

>>9010968

Make it go x10

>> No.9011576

>300k portfolio
>comes to /biz/ for advice
Fuck off, kiddo.

>> No.9011642

>>9010968
pocket 5k+tether 100k=buy dip
eat like king+drink like fish=repeat as needed

>> No.9011645

>>9010968
Good for you senpai
I'm up to 550k from a 300k low

>> No.9011750

>>9010968

Sell off enough to buy a home. Invest half of what you are saving in rent/house payments. Even if you lose out on investment, you're still saving half your rent every month.

>> No.9011799

>>9011109
unironically this

>> No.9011828

>>9010968
cash out half when it hits 10k, don't be an idiot this time.

>> No.9011856

>>9010968
100x margin to 20x your money. Then you don't have to worry about money for the rest of your life.

>> No.9011880

>>9011856
yeah cause he would kill himself

>> No.9011901

>>9011226
lol i was at almost 800k in december and had no idea what i'm doing

>> No.9011928

>>9011098
FHA Loans? You honestly can't afford the down?
Look at a duplex/triplex/etc with an owner occupied FHA loan.
You need 3.5% down with only 1 year living in the property.

>> No.9011937

>>9010968
>>9011251
>>9011388
Choose a number. Take some profit there and do something for you, make it real. And the rest you save it. Abandon holding, start saving.

>> No.9011949

>>9011928
Basically move out of your moms house with a small amount of money and rent the other side(s) to some other people.
It's not fucking hard as long as you have...decent credit.

>> No.9012278

>>9010968
Sell it before it goes to 30k

>> No.9012319

>>9012278
No shit. All the other cucks will hate to hear this. People realize the more people get out, the lower the price goes

>> No.9012344
File: 81 KB, 686x1030, universa.png [View same] [iqdb] [saucenao] [google]
9012344

all in on universa

>> No.9012829

>>9011335
Not them. but what's the point, when you can only sell most alts for BTC? If the markets tanking, everything is going down, including what you're selling for. It's not like you're cashing out from stocks to fiat.

>> No.9012874

>>9011098
7k car.... lol? My cheapest watch is 7k.

>>9011109
I've already cashed out 200k, had to pay like 78k in taxes. America is fugged, I don't even have free healthcare.

>>9011206
I don't own any BTC. All shit coins.

>>9011222
Tether is a powder keg, it could implode at any minute. What they're doing is illegal.

>>9011226
What do you mean? I was a destitute poor faggot like you before crypto, so 300k isn't blowing my mind or anything.

>> No.9012924

>>9012874
please explain tehter to me

>> No.9012943

>>9012829
Sell to USD. Or BTC/ETH -> USD for alts.

>> No.9012989

>>9012943
That's what I'm saying. First of all, not only does that mean keeping most of your shit on an exchange, but you also can't sell most alts for fiat. It has to be to BTC/ETH. So you set up your positions to sell to BTC, while everything is going to shit, and then you have to sell BTC for USD. Sure, you might end up better than just riding it down then back up, but much higher chance of getting out early, and a lot more work too.

>> No.9013055

>>9012989
It is more work, but it pays. You won't gain as much as selling at the top, but trying to guess the top is just dumb and way riskier.

>> No.9013080

>>9011335
its because we didn't have to know what the fuck we were doing to get to this point. its been too easy

>> No.9013082

>>9012874
don't take out that much. take out exactly what you need.

>> No.9013699

>>9011335
It's cause you're a pussy aka a foreverpoor fag.

It takes balls to make millions. Go take your "muh 3% gains let's cash out profits" mentality and buy a used Honda.

I'm about that audi r8 life, kid.