>Invested 16K into a mutual fund >received my dividend payment of $129 today after waiting a month. >I realized its totally passive income, I didn't move a finger to earn that money. >I'll input $320K next year and receive $2400 per month in purely passive income. >Realize that I could technically move somewhere in South East Asia and live a free man if I want to but don't because I want more passive income.
Don't tell me your's is crypto related. That's overdone.
there is no compounding interest if he pulls it out pie brain
Alexander Stewart
literally nothing
Adam Phillips
129$ per month.....with 16k you could make 300$ per trade....... >.t brainlet
Liam Lopez
>what made you happy this week? My $20k in monero tripled in value.
Logan Martin
FUCK OFF
Samuel Reyes
Spent a pleasant evening with friends.
Nolan Garcia
I had two choices, one of direct debit of dividend payments or to compound the gain. I chose the cash option, because if I choose compound I won't be able to touch that money for years.
Not sure if I'm doing a dumb thing...next year when I put 320K into my fund i'll choose the compounding option.
Carter White
What's your problem?
Colton Ortiz
Bought a house on 15 year note at sub 3% interest. Can rent it out cash positive.
Jayden Stewart
if you are young you can compound 70% and risk 30% of your savings without having to worry too much.
Elijah Gutierrez
I'm 27 right now.
Can you please explain the 70/30% you just mention?
So you say I should compound 70% and choose 30% as cash option from the 320K?
My goal one day is to gain $13K in passive income a month eventually.
Nicholas Ortiz
you shoulnt be mad at others success.
Anthony Morris
>Put 20k into Antshares in May, >Generating $100+ worth of gas passive income >DAILY
Jack Jenkins
>gas passive income
It's not real money till it's in your bank account.
Ethan Bell
>it's a "can't cash out" meme
I don't advocate coinbase, but as far as normies in cryptos are concerned that's about as basic as it gets. If you're in a metropolitan area you can just use a bitcoin ATM, literally have one at my mall.
Thomas Watson
lol
Connor Butler
what I saying is that if you are young you can take more risk. you can put 30% into more agressive investments [allways diversify to protek though. risk =/= dumb]
allways have some gold to balance your portfolio. between 5 and 7%. and 5% to "gamble": crypto, tech ventures, high risk bonds even lottery is a form of investment. it's just extremely risky and extremely profitable. use common sense and create a gradation of percentage to risk that allows you to sleep at night. never forget why you are doing all this.
Matthew Jones
i would go with the "couch potato" method of investing, your mutual fund could be eating up your long term profit with high MERs. But also depending when you want to access this money.. Im 200k into that in an aggresive portfolio allocation (100% stocks), im young as well so i can take a hit and wait for it to recover.
Tyler Bell
which mutual fund?
Michael Gonzalez
>tfw only 4k saved up Where do I put that money, guys?
Bentley Flores
thats almost a 10% yield is that like a high yield cooperate bond fund or something?
Nicholas Sullivan
This.
Luke Rivera
I'd be mad too if all I did was talk shit about xmr and this happens. Wouldn't you?
Isaac Torres
The fuck man? I missed the Monero train too but calm down, there are others. At least I didn't miss the ETH train back in March. There will be others.
it doesn't matter how much you have compared to other people. what matters is how much you can save in your particular context. if you make 10$/h and you have 4k, it's pretty good.
also, how much you can add per year to your portfolio? steady contributions are key in the long term.
