>Have about 15+ btc
>Sell if btc hits around 75K+
>Pay tax
>Invest all of it in some sort of wallstreet portfolio
>Aim to earn enough % per year on it order to take a 75Kish salary
>Never have to work again
Is this possible?
Can This Work?
Nathan Smith
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Andrew Hernandez
>btc hits around 75K+
Nope.
Matthew Hill
If you have to ask around here, then you already know the answer.
Isaac Cooper
If you're happy with 75k/year for life then you don't belong in Veeky Forums.
Get the fuck out of here.
Kevin Perez
Yes, you can draw down 4% a year for eternity, backtested for all of history
schwab.com
So to take 75k out, you need roughly 1.8m in index funds.
But a 75k salary is like 50k after tax, so you would actually only need 1.25m to live like someone with a 75k salary.
Isaiah Johnson
I mean in theory yeah, you can easily find index funds that give around 5-7%, but idk about btc hitting 75k
Jaxon Foster
First part isn't reasonable, there are better tech and BitCoin will be gone when normies figure this out. Second part is smart, just be ready for bear markets and have a plan to work during those times, and make sure to reinvest to fight inflation.
But this is Veeky Forums, so BUY MONERO YOU FOOL!!!
Dylan Torres
75k/year would put you into top 1% in Central Europe. You'd live like an oligarch.
Jayden Lopez
most of us dont actually want lambos user, most of us just want out of the rat race
Parker Thompson
Great point.