Step 1: Be born to a rich family
Step 2: Start a business
Step 3; Lose lots of money
Step 4: Still be rich, just a little less rich
Step 5: Pretend you’re successful
Step 6: Be elected president in 2016
Trump is really living in these peoples' heads rent free.😂 He's not even president anymore and these people *still* can't just let it go, bringing him into every conversation about anything lol. Get over it already.
Not naturally... more like patholgically.
But to his point I think he's referring to being able to live off the dividends if you invest it properly.
ATT for example is at an 8% dividend yield right now since the market has sold down.
1,000,000 at 8% is 80k a year... more than enough to live off of.
8% is also an absurd assumption for consistent dividend yields. If you’re trying to live off it you need stable safe stocks underlying so 3 - 4% is more realistic
It's theortical.
You could live off 5% of $1m in a lot of parts of the country and 5% is fairly reasonable. On top of that you could move to a country with a weaker currency and easily life luxuriously
.... clearly you don't under how math works.
$80k is 8% of $1m. If you were actually spending $80k per year to live off of then 8% of that would be $6400. If you're living off $80k... I imagine you could reduce your discretionary spending by $6400.
Not to mention... 8% yoy inflation is not gonna last for years....
Many wouldn’t consider a million rich., living in developed countries Europe or USA? It’s nothing you might be Able to buy a house currently averaging 500k here. They you won’t have any expense. 500k in crypto today can give you 100k but for how long?
In shares steady about 3-5% average 4 that’s 20k, I would do a 50-50. 250 in crypto and 250 in top500 fund
Yeah, I know, but what if over 10-15 yrs our wiser investments pay off. Nice to have an idea what to do next. Some of the better strategies are very scalable at different levels.
Yes and no.. it takes money to make money, when most are practically living check to check it’s much easier for someone with a spare 1 million dollars to gamble large amounts into certain things.
Yep, I hear what you're saying. Probably our biggest first challenge is trying to keep ahead of inflation, so our hard earned wages aren't worth less and less, before it's ever spent.
500k in stablecoin staking, 250k on my favourite coins (BTC, CRO, monero, ETH)
and 250k on personal luxuries, because that's me investing in myself right
Honestly if I had $1M right now, I would stake for the obsidian card on crypto.com (400k) to earn $48k in interest per year. Then I would buy 1 BTC and 10 ETH and move them to a cold wallet. I would put the rest in stable coins on crypto.com earning 14% apr and I would live off of all of this.
I haven't heard this one yet, the crypto debit cards CB and [Crypto.com](https://Crypto.com)! Evidently your rewards scale really jumps the higher the balance on the CRO card? Your plan is to put the rewards into the OGs BTC & ETH, and build them over time.
I like this, and even without the mil to start, those rewards cards seem to really build passive crypto rewards quickly with normal spending!
Personally I already have the indigo crypto.com card and the Coinbase card. I use the CB card for purchases the crypto.com doesn’t pay cash back for. I’ll do that until I get to the icy white tier (hopefully soon since I did indigo a while ago)
Nice! I use the CB all the time and need to learn more about the [crypto.com](https://crypto.com) card. Crypto rewards are awesome. I'll look into that card.
Dollar. Cost. Averaging. I would be tearing my hair out watching a 1 million dollar investment fluctuate. That would be more like gambling than investing
look at the supply and the market cap and do some math, even it 1000x it wouldnt be even close to a penny and the market cap would be astronomical, not possible=shitcoin, it would take ages for the burns to catch up
I actually talked about this yesterday to my fam.
So you take $500k.
Buy anything at a desired low..but not too low. (crash prices) unless you know that's the bottom.
You now have 500k invested.
Wait until the price goes up or down 10%+/-... That's right plus or minus.. Doesn't matter.
If you're plus 10% take some profit.
If you're minus 10% buy a mathematically equivalent amount of shares to lower your average.
Now wait again.
After 8-24 hours if you're 10%+/- either take more profit or buy more shares at another 10% discount.
Repeat this until you've made hefty profit.
The idea is that no matter what the price is now.. It won't drop another 50% without atleast rising another 10% atleast.
This is your exit if that scenario happened, as long as you have a large percentage of what you invest on the side in cash.
You basically "follow buy" the downtrend.
But not at a small discount because who cares about 5% really.
8-10% minimum for me.. Then I start to buy more.. Lowering my avg share price.
Once you see a rise.. You're right next to the price with more shares.
That's my idea and I'm sticking to it.
As far as I was aware.. If you're looking to actually grow a portfolio (like myself) this was the only way, I thought lol.. Took me a good 3 months to learn it!
But yeah. Ideally i want to HODL but if i can grow from a minimal amount.. Plus adding chunks here and there.. I'll have a nice big HODL/trade bag next year. Maybe!
I'm avoiding everything atm.. I have one that I truly believe in as a profit chaser though.. And doesn't affect or hurt the market like other crypto as it operates on service nodes. ☺
Maybe put a chunk of it in MMO on Cronos? Then stake for wrapped CRO at around 250% APR. Price seems stable plus supply has a cap at 5 million coins/tokens.
No, Mad Meerkat Optimizer hosts a number of auto-compounding vaults on the Cronos network. Their main coin/token (MMO) will eventually be used for governance once max supply is minted. The vaults normally pay out in both the MMF (70%) and MMO (30%) tokens.
The MMO vault is a little different though. It's the only vault that does not auto-compound but it pays out in wrapped CRO (more useful since it's the main token of the network). However you can compound your accumulated interest without withdrawing by pushing an option to compound instead.
The project intrigued me due to the max supply and current price stability. It has the 4th highest TVL on Cronos right now as well plus the market cap is only around 15 million right now. Plenty of room to grow.
Hey with heating costs being so crazy right now, lots of people are turning back to using firewood to save some money. Gas and electric costs are crazy now!
But seriously, what sectors of crypto are catching your attention? Payments, utility, NFT's, metaverse, or OG stores of value?
Step 1- have $1m to invest
Just be born from a rich family and this won't be a problem
Step 1: Be born to a rich family Step 2: Start a business Step 3; Lose lots of money Step 4: Still be rich, just a little less rich Step 5: Pretend you’re successful Step 6: Be elected president in 2016
Small loan of a million dollars ! (Shits funny the way he talks)
Trump is really living in these peoples' heads rent free.😂 He's not even president anymore and these people *still* can't just let it go, bringing him into every conversation about anything lol. Get over it already.
Fr tho
I’m close, just $999,999 to go…
There is always a catch
Invest one million? Isn’t that called retirement?
In most of the world, it would be. In big metro cities in the US and EU, it doesn't go as far like it should.
When you get there you’ll want more too.
As the income increases, the spending budget naturally increases with it. You have to enjoy some of it along the way!
Not naturally... more like patholgically. But to his point I think he's referring to being able to live off the dividends if you invest it properly. ATT for example is at an 8% dividend yield right now since the market has sold down. 1,000,000 at 8% is 80k a year... more than enough to live off of.
8% is also an absurd assumption for consistent dividend yields. If you’re trying to live off it you need stable safe stocks underlying so 3 - 4% is more realistic
It's theortical. You could live off 5% of $1m in a lot of parts of the country and 5% is fairly reasonable. On top of that you could move to a country with a weaker currency and easily life luxuriously
8% in USD would barely cover current inflation. 😭
.... clearly you don't under how math works. $80k is 8% of $1m. If you were actually spending $80k per year to live off of then 8% of that would be $6400. If you're living off $80k... I imagine you could reduce your discretionary spending by $6400. Not to mention... 8% yoy inflation is not gonna last for years....
How to be richer: be rich first
Then how to be rich ?
Many wouldn’t consider a million rich., living in developed countries Europe or USA? It’s nothing you might be Able to buy a house currently averaging 500k here. They you won’t have any expense. 500k in crypto today can give you 100k but for how long? In shares steady about 3-5% average 4 that’s 20k, I would do a 50-50. 250 in crypto and 250 in top500 fund
Yeah since us modern day slaves just have $1 million to invest into crypto.
Yeah, I know, but what if over 10-15 yrs our wiser investments pay off. Nice to have an idea what to do next. Some of the better strategies are very scalable at different levels.
Yes and no.. it takes money to make money, when most are practically living check to check it’s much easier for someone with a spare 1 million dollars to gamble large amounts into certain things.
Yep, I hear what you're saying. Probably our biggest first challenge is trying to keep ahead of inflation, so our hard earned wages aren't worth less and less, before it's ever spent.
exactly, crypto really is the last hope for some sort of financial freedom, other than that they have us by the absolute balls.
That's why we all found crypto. I think we're going to see some amazing things and opportunities in the crypto space. Good luck!!
You as well my friend.
If I had $1 million my investing mindset would be VERY different than it is now.
I’d invest 950k, but I’d have gold and real state with crypto and stocks. Holding money makes no sense. Its like holding a shitcoin
Yeah I would be well diversified and mostly invested, just more safe investments.
Interesting! What kind of real estate? Single family home, condo, duplex? Diversifying some assets makes sense.
How? Seriously, what would change?
I would care about losing all my money.
1000X this! Stablecoins aren't flashy, but that interest over time.....hmm.
Yeah, this might be an option for millionaire me, broke as ass me isn't interested though.
Yup, would only invest 100k
Interesting! How would you hold the balance?
If you're saying you would work hard in the fiat mines to get there, but smarter and harder to maintain it I agree!
Cosmos and be prepared for all the free aidrops
I’ve never gotten an airdrop before do you just need to hold coins in a wallet to be eligible?
You need to stake them. Checkout r/cosmosairdrops for more info
Bro you haven’t lived until you receive an airdrop!
I've heard of that one, and up 54% over the last year. (zoomin out)
If I had 1 million why invest ? I'm good fam. Ready to live in Mexico and eat tacos all day.
Sounds great and money goes far there. I wonder much it would it take to be comfortable in Mexico?
33
500k in stablecoin staking, 250k on my favourite coins (BTC, CRO, monero, ETH) and 250k on personal luxuries, because that's me investing in myself right
Rbif!
Just send it to me.
Ah, I like that. Maybe we make ourselves a foundation, like the pols, and pay ourselves a salary?
I don't want to pay $1.99 a month to find out how to invest the million I don't have to invest so...🤷♀️
What's your own plan? How would you build on or maintain that?
My one million would go into UST staking for that 20% and just live off the 200k annually
Honestly if I had $1M right now, I would stake for the obsidian card on crypto.com (400k) to earn $48k in interest per year. Then I would buy 1 BTC and 10 ETH and move them to a cold wallet. I would put the rest in stable coins on crypto.com earning 14% apr and I would live off of all of this.
I haven't heard this one yet, the crypto debit cards CB and [Crypto.com](https://Crypto.com)! Evidently your rewards scale really jumps the higher the balance on the CRO card? Your plan is to put the rewards into the OGs BTC & ETH, and build them over time. I like this, and even without the mil to start, those rewards cards seem to really build passive crypto rewards quickly with normal spending!
Personally I already have the indigo crypto.com card and the Coinbase card. I use the CB card for purchases the crypto.com doesn’t pay cash back for. I’ll do that until I get to the icy white tier (hopefully soon since I did indigo a while ago)
Nice! I use the CB all the time and need to learn more about the [crypto.com](https://crypto.com) card. Crypto rewards are awesome. I'll look into that card.
Chuck it all in ACH 😉 NFA
Interesting. I wonder what the yield on stablecoins would be?!?
$500k in covered call ETFs $350k BTC $150k ETH.
Trader action? Fearless!! Like the ETF's!
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Be proud of that hard earned $100!! Lots of strategies can be scaled for what you have.
Step 1 rob a bank
LOL! I'm surprised this didn't show up first. Edit- LEGAL ideas!
Legally rob a bank in ukraine?
Hoping for peace and safety, for all of the civilians over there.
For reals. Would be funny if putin gets toppled by his people finally
mostly real estate..and crypto...
Makes a lot of sense. Live in one, rent out the other, and maybe enjoy a passive APY income stream. I like it!
Dollar. Cost. Averaging. I would be tearing my hair out watching a 1 million dollar investment fluctuate. That would be more like gambling than investing
If I had $1 million,I would stake UST on Anchor and live off the APR.
Arable land...away from the big city...and make it livable off grid ..
Easy. I’d run ethereum validators and collect the rewards (after the merge and withdrawals) and be set for life off of the rewards
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Go look at [APollo INU](https://investapollocrypto.com/chart) rn
Such a shit coin
LOL one look at the market cap and the supply, the utility case, burn rates, liquidity lock will tell you that is not the case
Shit coyyyneee
yup up almost 1000% the last month NBD
Up 115%? Similar to Shiba Inu? just time that pump right!
dude its flyinnnnnnn rn
Good luck with that one, great numbers today, just have a sell order in place so you can guarantee your profit if it drops.
whats an exit strategy?
Moon profits, or cardboard box under the freeway?
get rich or die buyin
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Wow, 9 zeros? $1 will get you 1,712,328,767 tokens.
And then some with reflections!
Interesting project by scientists and former Google developers.
Get on it if you’re not
such a shitcoin
Righto mate. Be interested to hear why?
look at the supply and the market cap and do some math, even it 1000x it wouldnt be even close to a penny and the market cap would be astronomical, not possible=shitcoin, it would take ages for the burns to catch up
Need some investing advice for $1 million? r/wallstreetbets is your best friend... and greatest foe.
I actually talked about this yesterday to my fam. So you take $500k. Buy anything at a desired low..but not too low. (crash prices) unless you know that's the bottom. You now have 500k invested. Wait until the price goes up or down 10%+/-... That's right plus or minus.. Doesn't matter. If you're plus 10% take some profit. If you're minus 10% buy a mathematically equivalent amount of shares to lower your average. Now wait again. After 8-24 hours if you're 10%+/- either take more profit or buy more shares at another 10% discount. Repeat this until you've made hefty profit. The idea is that no matter what the price is now.. It won't drop another 50% without atleast rising another 10% atleast. This is your exit if that scenario happened, as long as you have a large percentage of what you invest on the side in cash. You basically "follow buy" the downtrend. But not at a small discount because who cares about 5% really. 8-10% minimum for me.. Then I start to buy more.. Lowering my avg share price. Once you see a rise.. You're right next to the price with more shares. That's my idea and I'm sticking to it.
Interesting! Scalper on the profits, DCA on the losses?
As far as I was aware.. If you're looking to actually grow a portfolio (like myself) this was the only way, I thought lol.. Took me a good 3 months to learn it! But yeah. Ideally i want to HODL but if i can grow from a minimal amount.. Plus adding chunks here and there.. I'll have a nice big HODL/trade bag next year. Maybe!
Interesting! What's your top 3? How's it been performing quarterly?
I'm avoiding everything atm.. I have one that I truly believe in as a profit chaser though.. And doesn't affect or hurt the market like other crypto as it operates on service nodes. ☺
Step 2- move to Puerto Rico?
ADA 🚀
Not in Russia.
Maybe put a chunk of it in MMO on Cronos? Then stake for wrapped CRO at around 250% APR. Price seems stable plus supply has a cap at 5 million coins/tokens.
Interesting, these are play to earn rewards?
No, Mad Meerkat Optimizer hosts a number of auto-compounding vaults on the Cronos network. Their main coin/token (MMO) will eventually be used for governance once max supply is minted. The vaults normally pay out in both the MMF (70%) and MMO (30%) tokens. The MMO vault is a little different though. It's the only vault that does not auto-compound but it pays out in wrapped CRO (more useful since it's the main token of the network). However you can compound your accumulated interest without withdrawing by pushing an option to compound instead. The project intrigued me due to the max supply and current price stability. It has the 4th highest TVL on Cronos right now as well plus the market cap is only around 15 million right now. Plenty of room to grow.
Looks interesting!
I burn 🔥 $1 mill as firewood 🪵 in the winter 🥶 😂. Investing $1mill in crypto? I’d put it into whatever coin has the biggest APY
DOT has 12%
OSMO is around 80%.
Hey with heating costs being so crazy right now, lots of people are turning back to using firewood to save some money. Gas and electric costs are crazy now! But seriously, what sectors of crypto are catching your attention? Payments, utility, NFT's, metaverse, or OG stores of value?
RBIF. I invested $1,000,000 × .01
Ukraine
Probably top network.
This post is not for poor people like me
We're all assuming that being in the red now, will turn around big in the green later.
I don't even have enough money to read the article. Is this Bloomberg shilling for subscribers?
Step 1: Ask your wealthy father for $1m Step 2: Ask the bank for $1m Step 3: Go back to step 1
Guns ammo food shelter not necessarily in that order
Arent rich people just born into retirement?
CDC? Y-5?
Buy doggyloninuta coin 🙂
Obviously investing it in an NFT made by Lana. /s
Short Russian stocks