Investing General Discussion

Khane

Khane

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World Network, originally Worldcoin, is a for-profit cryptocurrency project that uses iris biometrics developed by San Francisco- and Munich-based Tools for Humanity. Founded in 2019 by OpenAI chief executive Sam Altman, Max Novendstern, and Alex Blania, it has accumulated $250 million in funding from venture capital firms Andreessen Horowitz and Khosla Ventures, as well as from Reid Hoffman.[3][4][5][6]

Worldcoin's stated mission is to provide a reliable way to authenticate humans online, which it calls World ID. It attempts to recruit new users to join its network by getting their iris scanned using Worldcoin's orb-shaped iris scanner in return for WLD cryptocurrency tokens. This has caused privacy concerns in multiple countries.
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Borzak

Borzak

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No way of knowing but would be nice to know how many were legal citizens that lost a job compared to how many got deported or self deported.
 
Hateyou

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Aaron said:
A short while ago I was chatting with a friend of mine who has worked for a long time with a company and has acquired some good stock options. He's been thinking about cashing in and it's a good sum, about $4-5 mill or so I think. He asked me what I would do with that sort of money and after thinking about it I told him I'd prolly do something like the following:

  • Buy 2 small apartments to rent out for a monthly income.
  • Split the rest into roughly equal parts investing in:
    • Physical gold.
    • Bitcoin and other "good" crypto such as Etherium and Ripple (though probably 50-75% in Bitcoin).
    • A mix of stocks including some relatively safe ones and a few interesting higher risk ones.
    • Buying into a mixed stocks/bonds fund that one of the local banks runs.
After thinking about this for a while I thought I'd get some other ideas from you lot. I have the feeling that he will never do the gold thing, and probably not the apartments either, but whatever. I've always been a bit more conservative in my finances than he has. Also, of note, the two of us live in Eurostan, not the USA, though if this were me I might actually look into putting some of the money into one of the US based investment funds if possible - though at the end of the day, it's always a risk since who the fuck knows where the US and most of the West is headed these days. And if this had been me 5 years ago or so, I might have probably just bought apartments for the whole amount and become a slum lord, but I would not want to tie all my assets into one thing these days.

Anyway, if anyone wants to chime in, feel free. Always interested in seeing how people would invest their money.
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Buy apartments if you have $5m is one of the worst things I’ve ever read.
 
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Sanrith Descartes

Sanrith Descartes

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Hateyou said:
Buy apartments if you have $5m is one of the worst things I’ve ever read.
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Drop all $5m in the SPY. Too many folks try to overcomplicate things.
"But what if the market crashes?"
If SPY goes to zero you have bigger things to worry about. But just to hedge, invest $4.9m in SPY and $100k in ammo.
 
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TomServo

TomServo

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Sanrith Descartes said:
Drop all $5m in the SPY. Too many folks try to overcomplicate things.
"But what if the market crashes?"
If SPY goes to zero you have bigger things to worry about. But just to hedge, invest $4.9m in SPY and $100k in ammo.
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My mom has most of her 2.5 million in a annuity. Years of telling her to fix it. Now she finally starts on her money manager. Lolz boomers are so fucking hands off
 
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Jysin

Jysin

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TomServo said:
My mom has most of her 2.5 million in a annuity. Years of telling her to fix it. Now she finally starts on her money manager. Lolz boomers are so fucking hands off
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My mother had hers with some retarded Edward Jones managed advisor account. Years back I finally took a look at what she was invested in and it was a complete train wreck not even keeping up with S&P and charging her hefty fees for the underperformance. I had her open a Fidelity account and move it over where I have been managing it on her behalf. Hell, she even had a bank account with 100k sitting in it accruing basically zero interest. I took that cash, moved it to Fidelity and just keep it perpetually rolling in monthly treasury bills.

She's never been happier with the results.
 
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Cad

Cad

scientia potentia est
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TomServo said:
My mom has most of her 2.5 million in a annuity. Years of telling her to fix it. Now she finally starts on her money manager. Lolz boomers are so fucking hands off
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My mom had ~$2M in her 401k that was actually in a cash account for several years before her death (wasn't that old really) because she was scared of volatility under Trump 45. Just sitting there in a cash account through multiple +20% years. If I had known we'd have a few more million bucks. People are fucking retarded.
 
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Foler

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Hateyou said:
Buy apartments if you have $5m is one of the worst things I’ve ever read.
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This. If you have that much money you should be taking advantage of investments that aren’t super emotionally draining due to having to interact with people unless it’s your specific niche.. I’ve given up on the idea of investing in real estate. I love the stock market - it’s easy and accessible for me
 
TomServo

TomServo

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Jysin said:
My mother had hers with some retarded Edward Jones managed advisor account. Years back I finally took a look at what she was invested in and it was a complete train wreck not even keeping up with S&P and charging her hefty fees for the underperformance. I had her open a Fidelity account and move it over where I have been managing it on her behalf. Hell, she even had a bank account with 100k sitting in it accruing basically zero interest. I took that cash, moved it to Fidelity and just keep it perpetually rolling in monthly treasury bills.

She's never been happier with the results.
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bingo. same dudes. charges 2 percent per year. she even has 300k sitting in a zero interest account. jesus fucking christ.
 
Gravel

Gravel

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Weird September where the market keeps climbing. Usually Septembers suck.

Seems I've been saved from myself, too. Finally bit the bullet and decided to move my TSP out to Vanguard. Turns out there's a 7 day waiting period, so I didn't miss the last 1.5% or so. Won't be able to initiate the move until next week.
 
Sanrith Descartes

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TSLA has been trading in a tight range for months now and all the moving averages are nice and tight together. It was bound to break one way or the other. This could be the breakout to the upside we are seeing. Nothing but air above it.

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