51–60 of 92 posts
Considering the current political and economic climate : 1- Pay back as much debt as you can: Signs point to the 'cheap money' party ending relatively soon and debt will start becoming considerably more expensive to carry. 2- Bitcoin. Yes, I said it. My 2 cents: Forgetting the debate on the currency aspect and its usability as such . A politically neutral store of value has a use case and there is a tremendous need f…
Oh great, another crypto shill looking to recruit new bagholders.
Considering the current political and economic climate : 1- Pay back as much debt as you can: Signs point to the 'cheap money' party ending relatively soon and debt will start becoming considerably more expensive to carry. 2- Bitcoin. Yes, I said it. My 2 cents: Forgetting the debate on the currency aspect and its usability as such . A politically neutral store of value has a use case and there is a tremendous need f…
>debt will start becoming considerably more expensive to carry Only if it's not fixed interest. If you have low fixed interest debt, is there any reason not to keep it ?
Earlier quoted context omitted.
Username checks out. Personally I think Bitcoin is going to go huge soon, perhaps not as big as it originally was, but it's definitely going to go up a bit - bear in mind I'm no crypto expert, merely a CS student.
Any more info on your thinking? Not looking for a fight, just wondering what makes you say this against a backdrop of near universal negativity. (I say this as someone who has 10 BTC and has pretty much give up on it (I bought it in 2013, IIRC, so I'm still up)).
VCs with infinite capital, networks, business knowledge, and 100% focus are shooting for 1-in-10 investments to get a 10x return. It's rather optimistic to expect a success rate twice as good as their teams get. You're trying to get an annual return of 15%. Investments into US index funds over the last 5 years returned ~10% p.a. with minimal risk of a major loss.
If it were me I would take that money and invest in myself. 5k can go a long way in self improvement and growth. If that’s not necessary or appealing, idk, I dont have any experience or knowledge of investing other than the stock market. Another thought is to give it to a friend or acquaintance who would benefit enormously from it, such as someone who’s not making much money but could use a few thousand for self impr…
Considering the current political and economic climate : 1- Pay back as much debt as you can: Signs point to the 'cheap money' party ending relatively soon and debt will start becoming considerably more expensive to carry. 2- Bitcoin. Yes, I said it. My 2 cents: Forgetting the debate on the currency aspect and its usability as such . A politically neutral store of value has a use case and there is a tremendous need f…
Invest in yourself for a higher income (books, classes, laptop, etc)
Spend it for something nice which makes you happy and you’ll remember forever.
Whatever answer you get, make sure you can use your losses to cover some of your tax burden from your wins, otherwise even in the scenario you describe you lose a third or half to the government (depending on how the income is declared and what else you did in those 5 years) and barely come out ahead.
Plenty of countries have tax-shielded vehicles for small investments like this, which it would be handy to find out about. The UK "ISA", for example.