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cumshitter posted:working with an accountant and figuring out what your expected tax bill will be in the year of liquidation would be smart. nobody would fault indigi for retaining some of the cash to cover his tax bill. oh yeah. poo poo. I guess I’ll start putting some money aside for that too so I should buy bonds as well as an index fund?
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Apr 21, 2021 04:04
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indigi posted:oh yeah. poo poo. I guess I’ll start putting some money aside for that too yeah but you need to do some research and figure out what youre comfortable with. you want higher volatility and more equities early on in your 12 year investing timeline. as you get closer to the end or as you approach an amount youre satisfied with giving to your nephew youll want to reallocate a higher portion to bonds google sheets is good for this. it has a function that pulls current price within 15 minutes or so, and you can just periodically update your cost basis and number of shares to determine your current gains and performance. hopefully this will help you visualize what im talking about. below is a performance report i pulled from a long time client's account some time back. S&P w/inc means the S&P 500 index with dividends reinvested. B/C GC I means the Barclay's Intemediate Government/Credit (treasuries and corp bonds) index. or bonds with a maturity date of greater than 1 year and less than 10. its also with interest reinvested. these are yearly, non-cumulative returns  as you can see the S&P is much more volatile, which is good when you have a longer investment horizon and you dont anticipate that you will need the money anytime soon. the barclays is far less volatile, but offers lower returns. what portion of your portfolio do you want to be exposed to potential 30% +/- on a yearly basis? what portion do you want slower, but steadier less risky growth for? this is something youll have to examine every year or two. youd have far more money if you had been 100% S&P 500 for 15+ years. but that doesn't mean much if you cant sleep at night
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Apr 21, 2021 04:35
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cumshitter posted:youd have far more money if you had been 100% S&P 500 for 15+ years. but that doesn't mean much if you cant sleep at night oh yeah big volatility swings won’t bother me much at all yet considering the decade-plus time frame but I’ll definitely want to start rebalancing things in 5-6 years. I mean it’d suck if the account went -99% or something but the good news is he doesn’t know about it so I can just pretend like nothing ever happened and give him a hundred bucks when he turns 18.
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Apr 21, 2021 04:53
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if you want to ape into an all time high of a massive ponzi scheme that still has room to expand buy safemoon instead of doge. if i had just held my original $100 investment back in march instead of selling at $600 i would have $20,000 by now
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Apr 21, 2021 07:11
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Cloks posted:lmao at all the dorks on reddit who bought doge in the last few days Dodge is holding steady at .30 cents, I'll give it that. But yeah, lot of folks talking about dropping their life savings in at .45 cents. Who knows, maybe they become Dogeillionaires
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Apr 21, 2021 15:38
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I wish I was either dumb enough to believe all the crypto bs so I invest all my money into it to become rich or I wish I was smart enough to understand how all the dumb people would think and invest appropriately so as to become rich instead I am exactly dumb enough to remain broke, which is somehow dumber than the dumb people.
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Apr 21, 2021 15:48
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Yossarian-22 posted:if you want to ape into an all time high of a massive ponzi scheme that still has room to expand buy safemoon instead of doge. if i had just held my original $100 investment back in march instead of selling at $600 i would have $20,000 by now oh so this is literallly a Ponzi scheme? a percentage of every new coin purchase goes towards paying people already holding coins?
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Apr 22, 2021 15:16
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indigi posted:oh yeah big volatility swings won’t bother me much at all yet considering the decade-plus time frame but I’ll definitely want to start rebalancing things in 5-6 years. I mean it’d suck if the account went -99% or something but the good news is he doesn’t know about it so I can just pretend like nothing ever happened and give him a hundred bucks when he turns 18. bumping this because im curious what you ended up doing. give me your money
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Apr 25, 2021 03:38
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cumshitter posted:bumping this because im curious what you ended up doing. give me your money I put it all in SPYX
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Apr 25, 2021 23:25
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i'm trying to not get my hopes up about getting rich off of safemoon, but signs are pointing to "i might get rich" i also bought $10 worth of something called zeppelin.dao, which i heard about from the same guy i found out about dogecoin and safemoon from. i had a moment a few months ago where i wanted to invest more money into dogecoin but only had a few hundred dollars, and the same thing is happening to me with safemoon. except this time, the few hundred dollars of safemoon is millions of safemoon, not thousands of dogecoin. i just hope i can make enough money and bail from my job and invest it in the community, make the world a better place  i'm gonna feed a lot of people for free, that's for loving sure gonna set up places and call them "free lunch" i used to say "if i somehow got rich, then rich people hosed Up" and i'm fairly certain rich people are in the loving-Up-phase, and soon, they will have hosed Up if i don't get rich, it's all good, tho i'm grinding hard enough to quit my job anyway, and i can not be stoppedsources: https://www.youtube.com/watch?v=OGp9P6QvMjY https://www.youtube.com/watch?v=kGjSq4HqP9Y
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Apr 26, 2021 10:05
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Alobar posted:i had a moment a few months ago where i wanted to invest more money into dogecoin but only had a few hundred dollars, and the same thing is happening to me with safemoon. except this time, the few hundred dollars of safemoon is millions of safemoon, not thousands of dogecoin. i have no idea what you are talking about but dont let hindsight cloud your vision. saying you dont want to miss out on the next big thing is no different from thinking "i would have bet more last hand if i had known i would be dealt a blackjack."
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Apr 26, 2021 10:17
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cumshitter posted:i have no idea what you are talking about but dont let hindsight cloud your vision. saying you dont want to miss out on the next big thing is no different from thinking "i would have bet more last hand if i had known i would be dealt a blackjack." i have money in dogecoin that i sent to my bank account, and i want to invest it in safemoon, but there's a 7 day waiting period i asked the only three friends i could think of to borrow $300, and the only one who was down only had cash one friend hasn't gotten back to me, but he's busy as gently caress and i respect that my friend who could really come through for me said it sounded too much like gambling, to which i responded "uhhh yeah?" tl;dr i have 26 million safemoon when i could have like 74 million. i missed the boat on dogecoin and only got 4,000 compared to the, i dunno, tens of thousands i could've gotten and been able to quit my job already. it's weird, i think this is the only thread on something awful that mentions safemoon. for some reason i searched for it thinking there would be more discussion about it.
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Apr 26, 2021 10:35
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this isn't blackjack, it's texas hold em and sitting on a full house hoping it doesn't get hosed full houses can get hosed, and sometimes you really gotta fold a full house i'm not folding here, i wanna see them cards
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Apr 26, 2021 10:37
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Much like with Gamestop. I appear to have to come in to Doge right at the top. Oh well, way less money into Doge.
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Apr 26, 2021 10:57
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Alobar posted:i asked the only three friends i could think of to borrow $300, and the only one who was down only had cash 
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Apr 26, 2021 12:28
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please don't borrow money to gamble
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Apr 26, 2021 12:42
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Cloks posted:please don't borrow money to gamble what kinda idiots are loaning these people money?
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Apr 26, 2021 13:03
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alobar please just cash out and buy yourself a nice pair of running shoes. you’re going to, at the very least, ruin some friendships this way
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Apr 26, 2021 13:30
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I turned 20 bucks in doge to 150 or so bucks. it would be cool to throw 20 bucks into safe moon but the process to buy it sucks rear end, because I’ve never actually bought crypto the way you are supposed to, and I probably never will
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Apr 26, 2021 14:53
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ok mom and dad rofl nice posts, it's like you know me or my friends but you don't "idiots?" "these people?" seriously? my rule is "don't gamble with rent or food money" just like how i don't drink before noon judge away tho i'll be buying you all new safemoon avatars if i'm suddenly ballin af lol meanolmrcloud posted:I turned 20 bucks in doge to 150 or so bucks. it would be cool to throw 20 bucks into safe moon but the process to buy it sucks rear end, because I’ve never actually bought crypto the way you are supposed to, and I probably never will if you had $300 would you have bought $300 doge in january or a  nice pair of shoes to exercise withlol i can't wait to quit my job as a weed delivery driver, i'm in my 30's, i'm too old for this poo poo
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Apr 26, 2021 19:13
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have a buddy with ~50k dogecoins lol
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Apr 26, 2021 19:15
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Alobar posted:if you had $300 would you have bought $300 doge in january or a the shoes
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Apr 26, 2021 19:18
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Alobar posted:my rule is "don't gamble with rent or food money" if you have to borrow money to invest that’s exactly what you’re doing
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Apr 26, 2021 19:36
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indigi posted:if you have to borrow money to invest that’s exactly what you’re doing If things dip at this point money won't matter
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Apr 26, 2021 19:37
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indigi posted:if you have to borrow money to invest that’s exactly what you’re doing it's not rent or food money if it's my friend's money 
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Apr 26, 2021 19:40
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Chinatown posted:have a buddy with ~50k dogecoins lol cha ching
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Apr 26, 2021 19:43
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doge coin? it was way up, now it's not up as much. interesting...
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Apr 26, 2021 19:44
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indigi posted:if you have to borrow money to invest that’s exactly what you’re doing i have food and my paycheck with mad overtime that i'm getting on friday is gonna pay for my rent and my new running shoes but thanks for pretending to know my budget rofl OH poo poo! MY 300 JUST LANDED IN MY BANK ACCOUNT! EYYYYYYY 
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Apr 26, 2021 20:05
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what the hell is safemoon
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Apr 26, 2021 20:19
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punished milkman posted:what the hell is safemoon idk but the name was clearly chosen to make it seem like a sure thing investment
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Apr 26, 2021 20:20
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punished milkman posted:what the hell is safemoon pretty sure its a literal ponzi scheme, but it's transparent and up-front about it lol. pretty cool. ive been meaning to "get in" as they say
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Apr 26, 2021 20:23
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punished milkman posted:what the hell is safemoon Its a scavenger hunt based crypto currency or something
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Apr 26, 2021 20:24
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it's uhh...it's not a ponzi scheme it's it's currency lol
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Apr 26, 2021 20:29
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capitalism is a ponzi scheme this is the beginning of its final chapter
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Apr 26, 2021 20:30
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e-currencies do seem like capitalism's last hurrah, but we'll see
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Apr 26, 2021 22:00
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Smythe posted:pretty sure its a literal ponzi scheme, but it's transparent and up-front about it lol. pretty cool. ive been meaning to "get in" as they say the bitcoin forums had an "honest ponzi" section specifically for ponzis and people who knew they were ponzi schemes
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Apr 26, 2021 22:09
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cumshitter posted:the bitcoin forums had an "honest ponzi" section specifically for ponzis and people who knew they were ponzi schemes every investment is a ponzis scheme
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Apr 27, 2021 13:53
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Smythe posted:pretty sure its a literal ponzi scheme, but it's transparent and up-front about it lol. pretty cool. ive been meaning to "get in" as they say say no more. trying to buy some but can’t find it on binance????
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Apr 27, 2021 17:02
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punished milkman posted:say no more. trying to buy some but can’t find it on binance???? i bought it on bitmart i used coinbase to send bitcoin to bitmart, and used the bitcoin to trade for usdt, which i then traded for safemoon just a heads up, at least the last time i checked, the minimum safemoon withdrawal is 50 million safemoon which is like $250 or something? i'm fully prepared to see my money go up in a puff of smoke, so don't do this if it's...uhmmm...your rent or your food money rofl also don't forget to ask your mom and dad before spending your own money so you don't worry the posters on something awful forums i tried using trust wallet and buying smart chain bnb to use pancake swap to trade for safe moon, like the safemoon twitter account suggests, but i had trouble getting the smart chain bnb for some reason. i think i was trying to buy the wrong thing maybe. gonna see if i can try it again on friday when i get paid, but if not, i still have like 55 million safemoon on bitmart. and 500 million of this zepellin.dao poo poo for like 20 bux.
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Apr 28, 2021 00:33
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Alobar posted:i'm fully prepared to see my money go up in a puff of smoke, so don't do this if it's...uhmmm...your rent or your food money rofl also don't forget to ask your mom and dad before spending your own money so you don't worry the posters on something awful forums 
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Apr 28, 2021 00:54
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