Hi Bull - At this point is it just advisable to go and buy a house and take a mortgage out in a high demand tax free state(Dallas, Nashville, Miami) vs continuing to Rent?
Post request: Updated breakdown of various wallet options.
Could include security features of each option and ranking of specific options, How to utilize wallet options with various chains, Secure purchases/trading, breakdown by asset level when to utilize each option, Process of actually funding a wallet, etc.
And what do you think about real estate with locked in loan? We have a house we’re no longer living in with 30-year fixed at 2.5%. Have another house and plenty of btc. Don’t really want to rent it out, still visit the city at times. Considering selling it, but then I wonder what’s the point when the rate is so low and we love the house. Maybe would want to move back in the future. Would end up with a couple mil of profit after tax but wouldn’t dramatically change our life (family of 4).
"You don’t even need to believe in crypto to invest in it. Simply take a step back and look at how many users the industry has and ask yourself “Are users going to go up or down?” If you answered “up” then you’re forced to buy since the supply is capped."
- The supply of bitcoin is capped, the supply of crypto is potentially unlimited.
"Take a step back and ask yourself what the guiding principal was for every single good investment. It wasn’t “P/E ratio” it wasn’t “Value Investing" it was the following: will more people use this?"
- This is gold. So glad I grew out of my value investing phase after $AMZN and $TSLA performance forced me to reassess my priors rather than just dismiss those runs as irrational.
Thanks for linking Google's 10k. I've never really taken a look at a document like that, so that was interesting. Is there a way to estimate how much of that was profit?
Fixed low interest rates are a strange beast to me. How is it that even if inflation spikes up there is no mark-to-market on the rates for 30 years. Who subsidizes this? I mean if inflation stays high for the next 10 years, someone is taking the L between market-related interest rates and the 2-3% borrowing fixed rate. Is the subsidy from the taxpayer since banks blow up if market rates and inflation stay higher from here?
Interesting that the Fed chairman literally came out and said
"I mean, for people who are economically well off, inflation isn’t good. It’s bad. High inflation is, is bad, but they’re going to be able to continue to eat and keep their homes and drive their cars and things like that"
January 26, 2022 Chair Powell’s Press Conference FINAL
Page 21 of 28
Surely the Fed chairman Mr Powell wouldn't just like to us like that would he ??? /s
Honestly they are so fucked up it is unbelievable.
For newbie (me) - if something is multisig in L2 - is there risk for the admins who can add/remove nodes etc to impact the space? Idk if I’m saying this right. I understand why this would not be financially beneficial I’m just thinking of ways parts of this space can be controlled.
The Canadian mess has trouble makers from America sticking their noses where it does not belong,those same folks said the black folks should not protest ignorant racist cops bs and the folks who let them slide
This post should be compulsory reading for 10 year olds and over
Hi Bull - At this point is it just advisable to go and buy a house and take a mortgage out in a high demand tax free state(Dallas, Nashville, Miami) vs continuing to Rent?
Post request: Updated breakdown of various wallet options.
Could include security features of each option and ranking of specific options, How to utilize wallet options with various chains, Secure purchases/trading, breakdown by asset level when to utilize each option, Process of actually funding a wallet, etc.
And what do you think about real estate with locked in loan? We have a house we’re no longer living in with 30-year fixed at 2.5%. Have another house and plenty of btc. Don’t really want to rent it out, still visit the city at times. Considering selling it, but then I wonder what’s the point when the rate is so low and we love the house. Maybe would want to move back in the future. Would end up with a couple mil of profit after tax but wouldn’t dramatically change our life (family of 4).
I'm staking LOOKS token at 200% APY and my bank just sent me an email proudly telling me they were increasing APY to 1.00%. Lol.
"You don’t even need to believe in crypto to invest in it. Simply take a step back and look at how many users the industry has and ask yourself “Are users going to go up or down?” If you answered “up” then you’re forced to buy since the supply is capped."
- The supply of bitcoin is capped, the supply of crypto is potentially unlimited.
"Take a step back and ask yourself what the guiding principal was for every single good investment. It wasn’t “P/E ratio” it wasn’t “Value Investing" it was the following: will more people use this?"
- This is gold. So glad I grew out of my value investing phase after $AMZN and $TSLA performance forced me to reassess my priors rather than just dismiss those runs as irrational.
lmao autist note works in tech as well -- 80/20 rule applies for even FAANG
join the 80 portion for best $:wlb ratio and work on outside career income
Besides crypto, I'm looking at overfunded whole life insurance which would go in a family trust
Do you recommend it?
It looks like average return is low (4%-6%), but it's liquid, has tax benefits and seems like a good way to pass wealth onto heirs.
I'm seeing more and more high net worth people recommend overfunded whole life as a way to "be your own bank"
Thanks for linking Google's 10k. I've never really taken a look at a document like that, so that was interesting. Is there a way to estimate how much of that was profit?
Fixed low interest rates are a strange beast to me. How is it that even if inflation spikes up there is no mark-to-market on the rates for 30 years. Who subsidizes this? I mean if inflation stays high for the next 10 years, someone is taking the L between market-related interest rates and the 2-3% borrowing fixed rate. Is the subsidy from the taxpayer since banks blow up if market rates and inflation stay higher from here?
Interesting that the Fed chairman literally came out and said
"I mean, for people who are economically well off, inflation isn’t good. It’s bad. High inflation is, is bad, but they’re going to be able to continue to eat and keep their homes and drive their cars and things like that"
January 26, 2022 Chair Powell’s Press Conference FINAL
Page 21 of 28
Surely the Fed chairman Mr Powell wouldn't just like to us like that would he ??? /s
Honestly they are so fucked up it is unbelievable.
For newbie (me) - if something is multisig in L2 - is there risk for the admins who can add/remove nodes etc to impact the space? Idk if I’m saying this right. I understand why this would not be financially beneficial I’m just thinking of ways parts of this space can be controlled.
The Canadian mess has trouble makers from America sticking their noses where it does not belong,those same folks said the black folks should not protest ignorant racist cops bs and the folks who let them slide