How much money does this board have

DeathDog
DeathDog

How much money does this board have

All urls found in this thread:
https://www.private-banking-magazin.de/uploads/fm/1416410395.Wealth-X__UBS_World_Ultra_Wealth_Report_2014_Final.pdf
https://www.lgt.com/shared/.content/publikationen/bankdienstleistungen/160530_LGT-Private-Banking-Report-2016_de.pdf
BinaryMan
BinaryMan

Most have in the 5 figure range, much fewer with 6 figs

PurpleCharger
PurpleCharger

define "money"

cash? financial assets? total net worth?

GoogleCat
GoogleCat

@DeathDog
high five-figures
low six-figures after Lucara

StrangeWizard
StrangeWizard

@DeathDog
4523 dollars here

Dreamworx
Dreamworx

@DeathDog
I mean, I've got, like, hundreds of dollars. Hundreds, mang.

Nude_Bikergirl
Nude_Bikergirl

@PurpleCharger
liquid cash

Harmless_Venom
Harmless_Venom

@PurpleCharger
gold is the only money

Evil_kitten
Evil_kitten

like 20k liquid

5mileys
5mileys

@DeathDog
Poor student here.
Cash? 2.5k
Net worth? Prob -2k

iluvmen
iluvmen

~6000 dollars in savings

i am a student

kizzmybutt
kizzmybutt

I have like 50 bucks

Techpill
Techpill

@DeathDog
10 a night is all my throat can take these days damn herpes

Emberfire
Emberfire

$83.48
I don't know shit about investing, I'm just a NEET who likes to live vicariously through you guys.

TalkBomber
TalkBomber

@DeathDog
300,000 euros in bank deposits

Physical cash: maybe 500 euros

WebTool
WebTool

mfw everyone on this board is a fucking failure

Veeky Forums confirmed the worst possible place for financial advice?

TechHater
TechHater

@WebTool
4523 dollars
failure

pick one

AwesomeTucker
AwesomeTucker

155€

Gonna get my first salary in two days though, should be at around 4k+€ then

BunnyJinx
BunnyJinx

@WebTool
I have 300k just in cash, AMA

Will only answer three questions like Aladin's genius

New_Cliche
New_Cliche

200k liquid assets. Only about 40k of it was earned through investments though. The rest is from wageslavery.

Nojokur
Nojokur

@WebTool
Chinese imageboard
What do you expect? Itd hard to get money young if you didnt born into purple

@BunnyJinx
Age? How did you get it?

Supergrass
Supergrass

@Nude_Bikergirl
~55k
@Harmless_Venom
~80k

Dreamworx
Dreamworx

@BunnyJinx
How long?

Stark_Naked
Stark_Naked

@BunnyJinx
Do you ever get the urge to spend a huge portion of it on some status object? Like a nice car or house? Or take pictures of yourself showering/bathing in it (that's what i would do)

Nude_Bikergirl
Nude_Bikergirl

@Nojokur
30.

Inheritance, savings and investments combined.

Booteefool
Booteefool

$750k net worth

$350k Non-retirement Investments
$250k 401k
$100k Condo (fully paid)
$50k Cash

wage slaved it all, corporate gig

MPmaster
MPmaster

@DeathDog
2Kyouro.

King_Martha
King_Martha

@BunnyJinx
why would you sit on that much in cash outside of an emergency fund?

Evil_kitten
Evil_kitten

@Dreamworx
16 cm when erect.

@Stark_Naked
Never ever, I live cheaply and wouldn't spend more than 10,000 euros for a car (used) if I had one.

No status objects apart from really good suits.

cum2soon
cum2soon

@King_Martha
Emergency fund is an American concept, it's not that needed in Europe.

I have a big cash position for safety (I don't like what the market looks like since 2014), and to be able to invest really quickly if there's an opportunity.

LuckyDusty
LuckyDusty

Canadian student here,
Cash: 2,000
Savings: 20,000
Net: 22,000

DeathDog
DeathDog

@DeathDog
saved? Just in the 4 figures ;-;
Some day I hope it to be in the 6 or 7 figure range.

Supergrass
Supergrass

$14k in the bank
$2k in stocks
$50k in student loan debt

Not sure about the debt. I'm considering just telling Uncle Sam to fuck off. I am self employed, and could accept renting for the rest of my life. Those are the only 2 ways they could come after the money.

Suggestions?

Lunatick
Lunatick

20k stocks

5k in private savings

networth is like -30k

I am poor student

Crazy_Nice
Crazy_Nice

Idk how much I have

Make about 3k USD /week
Buy about 50$/day on bitcoin
Buy about 50$/day in stocks

Those #s are averages. Been like that for about 7-8 years for the stocks and since 2011 for the bitcoin. I've held everything and sold nothing.

Soft_member
Soft_member

@Crazy_Nice
Make the extra effort to tell us how much you have.

haveahappyday
haveahappyday

@DeathDog
Around 15k in liquid assets, some 200k in various investments, and roughly 550k in real estate. This is after factoring in liabilities like my mortgage and student loans.

idontknow
idontknow

@Supergrass
they do credit checks when you rent and the gov can garnish your wages (if you have a federal loan)

RavySnake
RavySnake

@Soft_member

If the thread isn't archived by the time I get home I may.

CouchChiller
CouchChiller

@DeathDog
90K€ in stocks
5K€ bonds
15K€ cash

hope to be able to live off of my dividends, gonna take some time though...

Harmless_Venom
Harmless_Venom

@cum2soon
emergency fund not needed in Europe

elaborate. unexpected expenses apply pretty much anywhere you live, no?

aside from an immediate investment having 300k parked in cash losing value just seems crazy to me. especially for a 'just in case' kind of fund without a set time-line on it.

girlDog
girlDog

@DeathDog
1000 USD
450 CZK
4000 PLN

in what should I change these 4000złoty's? everything expensive now :(

Evil_kitten
Evil_kitten

About 240k in liquid investments
~300k scattered around bank accounts.

Also own real estate property

BlogWobbles
BlogWobbles

I have around $20k saved up and I've never worked or ran a business a day in my life. This is just from saving up my allowance. Ya'll seriously need to work on your money management skills if someone making so little money still has significantly more than you.

PurpleCharger
PurpleCharger

@DeathDog
theres another $100,000 with another bank

Dreamworx
Dreamworx

@BlogWobbles
allowance

Nude_Bikergirl
Nude_Bikergirl

post your age too

Lord_Tryzalot
Lord_Tryzalot

/biz/nessmen why do some of you carry such large cash balances?
other than having 6-9 months expenses sitting around why not toss the cash into short or ultra-short term bond funds?

Gigastrength
Gigastrength

@Harmless_Venom
Unexpected expenses for Americans are mainly: medical expenses, and paying bills if you're fired. There is no need for this in Europe, since the government takes care of it. Thus an "emergency fund" isn't as essential here.

Regarding my cash position: my guess in 2014 was correct. I may lose value on my cash, but I would have lost much more by investing in stocks: the Euro Stoxx 50 lost 17% since June 2014.

It is common for big investors (HNWI to billionaires) to have 20% or 30% of their portfolio in cash. This way you can invest without having to sell anything, and not worry about asset liquidity and volatility, bad timing, etc.

Right now I'm sitting on my cash and waiting for an opportunity that's coming.

girlDog
girlDog

@PurpleCharger
six hundred thousand dollars
in a bank

lostmypassword
lostmypassword

@girlDog
in a bank that calls you "Hi, Zachary"

I'd fully expect to be called by my family name once I deposit more than 500k.

Techpill
Techpill

@girlDog
My Accounts...
Account(s)

Probably:
Brokerage Account: MFs, Taxable, Rollover
Savings
Checking

If ur thinking wut about FDIC - That's only for the savings & checking...

You poor mofo.

TechHater
TechHater

@Techpill
oh. i also have a usbank savings/checking account but i keep it <$20k and manage everything else via fidelity. i didn't even know you could do that sort of stuff through usbank

Soft_member
Soft_member

could make min payments on 11k student loan
could safely pay off 2k but wont be able to put another 2k in vanguard

I know the reasonable thing would be to remove loan, but i dont want to

Evil_kitten
Evil_kitten

@Soft_member
in ten years when you have kids and make no money, you're gonna regret making minimum payments on that loan lol

5mileys
5mileys

@girlDog
le trust, making most of the money
money I actually earned:
savings $4000
checking $1000
stock trading: $420
@Techpill

likme
likme

@Gigastrength
It is common for big investors (HNWI to billionaires) to have 20% or 30% of their portfolio in cash. This way you can invest without having to sell anything, and not worry about asset liquidity and volatility, bad timing, etc.
It most definitely is not common at all. Money not invested is money not working.

If a HNWI needs capital for a new opportunity, he has easy access to a range of credit facilities.

Carnalpleasure
Carnalpleasure

@Soft_member
I plan to (early) retire while still have a balance on my (four figure) student loans.

For the lulz.

Snarelure
Snarelure

@DeathDog
Net worth ~800K (in euros).
Around 500K inherited. The rest I made before inheritance. I'm 26 now.

My advice?
stay away from crypto
stocks based on geopolitics
efficiency

Firespawn
Firespawn

@Carnalpleasure
Here here

SniperGod
SniperGod

@DeathDog
I have no money - so no, you can't borrow any. Nor do I have funds available to buy your child's fundraising candy/magazines/crap. Sorry.

Otherwise yes I have a jar full of loose change.

BinaryMan
BinaryMan

Is meme magic real?

Illusionz
Illusionz

>>1345350
font is different all over the place

Supergrass
Supergrass

>>1345350
Yes, we all know how to screencap edited HTML.

Though it would be pretty lulzy if a multimillionaire did have their account like that. Fucking $5 credit card and all.

Soft_member
Soft_member

>>1345350
Nice inspect element there.

Also, having all of that money and having literally $0 in your high interest account. Cringe

girlDog
girlDog

@DeathDog
About 10k savings, 5k in dividend stocks. (euros).

I didnt know the USD had colours besides green. Are those fake?

viagrandad
viagrandad

@girlDog
5k in dividend stocks

Do you even get enough out of that to make it worth it?

CouchChiller
CouchChiller

@viagrandad
Nah, cant live off it or anything, but its still much better than putting it in a savings account. I get 9% from dividends, as opposed to 0.8% in a savings account.

Spazyfool
Spazyfool

34k CAD in bank account
1 oz. of gold

i live with my parents and i'm 32.

Firespawn
Firespawn

@likme
It most definitely is not common at all

It is. Reports by UBS and LGT show evidence that HNWI and UHNWI investors hold more than 20% of their assets in cash on average.

Money is not working? That's the point. Credit facilities? When things go bad, better be a supplier of liquidity than a supplicant, as Buffett quipped.

Cash is power, other positions are the market's leash around your neck.

RumChicken
RumChicken

$5k in the bank, $1500 in a mutual fund, $25k in student loans, and $800 income per month.

So -$19,000 and barely making a dent.

5mileys
5mileys

@Booteefool
things that never happened

likme
likme

@Firespawn
[citation missing]

Burnblaze
Burnblaze

@5mileys
I'm a failure so everyone else must be!

Fuzzy_Logic
Fuzzy_Logic

@likme
Citation missing for what? I can provide it all.

girlDog
girlDog

None

5mileys
5mileys

@Fuzzy_Logic
If it's about the large cash position of HNWI investors, see: pages 18-19 of first document (male UHNWIs have 24.9% of their assets in cash), and page 9 of second document (Swiss PB clients have 32% of their assets in cash, Austrian ones 42%).

https://www.private-banking-magazin.de/uploads/fm/1416410395.Wealth-X__UBS_World_Ultra_Wealth_Report_2014_Final.pdf

https://www.lgt.com/shared/.content/publikationen/bankdienstleistungen/160530_LGT-Private-Banking-Report-2016_de.pdf

There's also a Wealth-X study on billionaires that say the average billionaire has 19.1% in cash (google "Wealth-X billionaire census 2014"). So, whether you have 1 million or 1 billion, the behaviour is the same. At my more modest level, it resonates with my own experience too. We just love cash.

w8t4u
w8t4u

@DeathDog
I have 6 figures and I'm unempleyed

Poker_Star
Poker_Star

@5mileys
All your data comes from one source, which is a marketing document. I'll believe the data when I see it in a academic publication, preferably something peer-reviewed.

Also, "cash and cash equivalents" is not the same as cash, FYI.

We
Kek. Stop roleplaying. I'll bet you a million dollars my net worth is higher than yours.

TalkBomber
TalkBomber

Well I currently have $3 in the bank so

StrangeWizard
StrangeWizard

@Booteefool

how old are you?

Nojokur
Nojokur

some $150 or so

haveahappyday
haveahappyday

@DeathDog
tree fitty

cum2soon
cum2soon

@Poker_Star
posts two sources
"All your data comes from one source"

Absolute madman.

I'll bet you a million dollars I can get out of this thread and never come back.

GoogleCat
GoogleCat

@Gigastrength
interesting.

i guess im just uncommon. the thought of my money not doing something for me is unsettling. outside of buying a foreclosure or an immediate business need ive never left that kind of money sitting in cash.

to each his own though, especially if youre not into hard assets

Garbage Can Lid
Garbage Can Lid

@GoogleCat
if you are in to hard assets*

half asleep

Boy_vs_Girl
Boy_vs_Girl

I got around $200k in cash. I am here to learn the best way to invest.
Unfortunately not living in the US, or would have invested in Vanguard last year.

Gigastrength
Gigastrength

@DeathDog
Like $3,000, mostly in my checking account.
I look baller as fuck though because I have $20 bills scattered on my desk.

Fried_Sushi
Fried_Sushi

@StrangeWizard
36

TalkBomber
TalkBomber

36kg

Fuzzy_Logic
Fuzzy_Logic

I have about 800k in assets, but as funny as it may sound I have only 15k in cash right now.

Illusionz
Illusionz

@5mileys
Lol I am similar to you, but I have $12,000 in debt, and like $4000 in assets.
However, I have started investing a large portion of my income in stocks and investment accounts, making roughly 10% profit on investments over the last month. Don't know how far my investing will take me, but I am lucky I work with an incredibly smart and well educated ex-investment banker

Spazyfool
Spazyfool

@TalkBomber
Wtf? Make that money work for you cunt. Own dividend stocks and get a check every quarter of free money. I did the calcs for you and if you put money into 3% dividend yeilding stocks you'll get 2250$ every quarter. Also be very careful with the euro. Get that into American or Australian dividend stocks

Supergrass
Supergrass

30000 bitcoins on an old wallet + 15k on a bank

girlDog
girlDog

@Fried_Sushi
Admirable. Ignore the jellyfags who don't realise that's perfectly achievable. (Not easy obviously, but to say impossible is misleading.

Methnerd
Methnerd

£3,600 in savings
t: 29 years old
Wedding cost £16,000

PackManBrainlure
PackManBrainlure

£3,600 in savings
Student Loan
Wedding Last year cost £16,000
I have been in worse situations.

LuckyDusty
LuckyDusty

-£1000 in interest free overdraft
no assets
wahey

eGremlin
eGremlin

@DeathDog

$700k in stocks
$500k in real estate
$150k in cash
$75k in gold
$0k in cuckcoins

Methshot
Methshot

If we exchange then 200 dollars in bank. Eastern Europe is almost poorer than India.

VisualMaster
VisualMaster

@Methnerd
@PackManBrainlure
why the hell did you spend 16,000£ in the celabration of a contract? I hope you meant 16.000£

MPmaster
MPmaster

@DeathDog
Got about 70k USD in cash and stocks and an app business which hasn't made any money, I inherited about 60k of that, I added a few k with savings and made about 8k in interest and returns from the stock trading I do.

SomethingNew
SomethingNew

@DeathDog

20k savings

5k cash

30k crypto

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