Domain: tiger-web1.srvr.media3.us What to do with $200-250K | Page 3 | Money Talk
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re: What to do with $200-250K

Posted on 3/11/21 at 11:11 pm to
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
7222 posts
Posted on 3/11/21 at 11:11 pm to
He would need to have multiple accounts on BlockFi to get the 6 percent. I believe it’s 6 percent up to 1 btc and 3 percent after that.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29387 posts
Posted on 3/12/21 at 1:05 am to
Go big and put it all in on RTON!
Posted by SlidellCajun
Slidell la
Member since May 2019
16259 posts
Posted on 3/12/21 at 5:32 am to
And this is why the restrictions on ira’s and 401k’s are hurtful to Americans

Why penalize someone for what they save?
Posted by ghost2most
Member since Mar 2012
7855 posts
Posted on 3/12/21 at 7:32 am to
I would never invest that much in any individual stock. Especially some penny pumper crap.

I would consider maybe 5-10 percent in Crypto.

The main consideration really is just chase a property when the market is on fire now or hold out a year, invest, hopefully grow the money and try again in 2022.

The million dollar question is will the real estate market appreciate faster than my investments. Normally I’d say no way.

This year has been an exception
Posted by tigerbaiter1033
USA
Member since Nov 2011
2476 posts
Posted on 3/12/21 at 7:56 am to
Put it all on TSNPD. Slackster will vouch for this
This post was edited on 3/12/21 at 7:57 am
Posted by Fat Bastard
alter hunter
Member since Mar 2009
89989 posts
Posted on 3/12/21 at 8:03 am to









Posted by ghost2most
Member since Mar 2012
7855 posts
Posted on 3/12/21 at 8:13 am to
Hilarious. Anyone suggest strippers and blow yet?
Posted by turkish
Member since Aug 2016
2319 posts
Posted on 3/12/21 at 11:50 am to
quote:

Debt free

The government and insurance company would like to weigh in on just how debt-free you really are on that house. You may not look at it as ‘debt’ but you still owe a ton on that house.
This post was edited on 3/12/21 at 11:51 am
Posted by ghost2most
Member since Mar 2012
7855 posts
Posted on 3/12/21 at 12:39 pm to
I've thought about moving an upgrading our current house but then you just take on more taxes and it feels like I'd be just trying to keep up with the Jones'.
Posted by dagrippa
Saigon
Member since Nov 2004
12169 posts
Posted on 3/12/21 at 12:55 pm to
quote:

He would need to have multiple accounts on BlockFi to get the 6 percent. I believe it’s 6 percent up to 1 btc and 3 percent after that.


No.
0-2.5 btc gets 6%
anything above 2.5 btc gets 3%
Posted by 6R12
Louisiana
Member since Feb 2005
11675 posts
Posted on 3/13/21 at 8:23 pm to
So bitcoin can double from here and it will fall back soon, while the alt coins HAVE gone 5 to 15X each alt season. How do people not see this? Put money in Bitcoin if you want to but the alt coins produce many times the original investment for every dollar put into them. AND, you don't have to have exposure to them for very long. 3 months of exposure time. Down vote away, throw all your money in Bitcoin, but I'll thank you as Bitcoin causes my alt coins to go up 10x or more while you hope for a double. Thanks!!!!
Posted by sstig
Houston
Member since Oct 2003
2925 posts
Posted on 3/13/21 at 8:53 pm to
Pay off your house and keep making the payment into a blended portfolio for 5+ years. You will be stunned at what happens. We have been doing this for 15 years and are quite happy with our situation as we retired last year.
Posted by ronricks
Member since Mar 2021
11412 posts
Posted on 3/13/21 at 8:58 pm to
What are your top 3 alt coins?
Posted by ghost2most
Member since Mar 2012
7855 posts
Posted on 3/13/21 at 9:08 pm to
quote:


Pay off your house and keep making the payment into a blended portfolio for 5+ years. You will be stunned at what happens. We have been doing this for 15 years and are quite happy with our situation as we retired last year.


Wouldn’t i be better off just investing the lump sum and continue paying off the house? Pretty sure I can beat 2.75 percent
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82142 posts
Posted on 3/13/21 at 9:43 pm to
quote:

So bitcoin can double from here and it will fall back soon, while the alt coins HAVE gone 5 to 15X each alt season. How do people not see this? Put money in Bitcoin if you want to but the alt coins produce many times the original investment for every dollar put into them. AND, you don't have to have exposure to them for very long. 3 months of exposure time. Down vote away, throw all your money in Bitcoin, but I'll thank you as Bitcoin causes my alt coins to go up 10x or more while you hope for a double. Thanks!!!!

Sure, just have to pick the right one though. I'm not greedy. I'll take 10x the SP500 annual returns in Bitcoin which is ungodly amount safer than an alt coin.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82142 posts
Posted on 3/13/21 at 9:44 pm to
quote:

Wouldn’t i be better off just investing the lump sum and continue paying off the house? Pretty sure I can beat 2.75 percent

Yes, people who tell you otherwise are not trying to maximize wealth.
Posted by 6R12
Louisiana
Member since Feb 2005
11675 posts
Posted on 3/13/21 at 10:06 pm to
I have 7 coins that were the farthest away from certain Fib retracement targets. I'm not just telling you what 7 I hold simply because i got in cheap and they have started to pump. Just do fibs on the coins and you can see what ones now have the most growth potential. I've owned as many as over 25 coins early on and as they grew I sold out of them and funneled down to the last 7 coins that had the most growth potential of all the coins on coinbase/robinhood etc. Got into them before they started popping and alt season started. It's a little time to figure it out but it can be done in a couple hours. The pay off will be far more than buying bitcoin. Few people are trading coins this way but why stop people from dumping money into bitcoin just to run up my coins and then flee to the alt coins after it's too late to buy them cheap enough to make major percentage gains.
Posted by 6R12
Louisiana
Member since Feb 2005
11675 posts
Posted on 3/13/21 at 10:09 pm to
Ok good for you tater tot Thanks for allowing me to make more money than you can on bitcoin unless you bought back at 3000 or 4000 prices. I didn't buy at those prices so I play the alts. It's a small percentage of people doing this and I can't imagine why they can't see this method. It's worked for every alt season.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82142 posts
Posted on 3/13/21 at 10:33 pm to
quote:

I'm not just telling you what 7 I hold simply because i got in cheap and they have started to pump. Just do fibs on the coins and you can see what ones now have the most growth potential.
LMAO

"dont buy bitcoin, buy alts they are so much better. Sorry but I'm not telling you which alts to buy or disclosing which alts I bought, just take my word for it!!!"
This post was edited on 3/13/21 at 10:34 pm
Posted by ronricks
Member since Mar 2021
11412 posts
Posted on 3/13/21 at 10:38 pm to
I thought his answer was very telling. I’ll keep buying BTC.
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