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  1. #1
    lulzing jackamo2887's Avatar
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    31 y/o, 2.6 million invested, thinking about cashing out at 3M

    Basically long story short events occured that lead me to receiving this money. There's no interesting story behind it.

    I currently make 55k in a physical and stressful job and I've recently been having health issues (diagnosed with Crohn's disease) which is making the job very hard.

    My house is worth 200k and is paid off, no kids but in a long term relationship that may lead to it in the next few years.

    Right now I'm basically invested in a 3 fund portfolio with a tilt to tech (fidelity technology ETF) which I am happy with.

    I keep playing around with dividend calculator's though and if I transition to a more high dividend portfolio (see VYM vanguard dividend ETF) I could pull in over 100k once my portfolio reaches 3 million. I'd also work part time doing something else I enjoy. My girlfriend or future wife is a registered nurse who makes Good money

    My big concerns would be having health insurance and if kids would be too much. What are your thoughts?

    And before it's brought up that selling shares would be better then dividends, I have an aversion to selling. When I buy I want to hold forever.
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  2. #2
    UK and Hogwarts HarryPotterCliv's Avatar
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    Hey Bro,

    I am sorry for your issues. Have you considered trying to go to the UK or Canada for consultations with specialists and maybe seeing what procedures they have and then paying out of pocket? Crohn's is no laughing matter. You have to know where every clean bathroom is whenever you go into any building. If you are out for too long away from home, you have to know where the bathrooms are in the area.

    Anyways, have you thought about putting some money into SXP? You would buy in now, then wait for a pump around August 15-17. August 15 is main net and August 17 is the snapshot for SGV. During the pump, sell off the SXP until you get your original money back, then let the remaining profits sit in SXP and do the snapshot and get 1 SGV per each 100 SXP. Then after the snapshot, sell off the SXP to get a profit, then wait on the SGV to pump and sell that for more profit.

    e.g. if you have $100,000 in SXP, so 61,728 SXP

    e.g. SXP pumps 30%, you now have $130,000 worth of SXP.
    You sell off 47,619 SXP and keep the 14,109 SXP and you get 141 SGV after the August 17 snapshot.

    Then sell off the 14,109 SXP for as close to the price at which it pumped 30%. Then wait for SGV to reach $100, then sell the SGV.

    You get the 30% profit off the initial investment, and hopefully and additional 14% from the SGV.

    This is probably what the cryptowhales are doing.
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  3. #3
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    If you get on Tysabri for crohns it’s about $23k per month so you’ll need insurance.
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    Find a way to move to Canada or Europe and live off the dividend interest with no health care worries. You should be able to qualify for Canada at least if you have a good trade and your wife's nursing will help too. If that's not an option, can you get on her health insurance from her job?
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  5. #5
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    Just put your money in the sp500 and a global fund. Look up bogle’s guide to investing and do their 3 fund portfolio.


    Dividends are just as risky as stocks. They can be lowered or removed entirely so there is no reason to invest in them instead of stocks.


    You also can’t just sit on your cash because in 40 years at 3% inflation 3 million will be worth almost nothing. You must invest, just own the whole market and you will be fine.


    Also make sure you get a prenup bro.
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  6. #6
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    You can collect your $100k/yr, then pay your 15% capital gains tax. If you earn less than $40k on your W2, you actually pay NO capital gains tax on qualified dividends, so that might be a worthwhile strategy if you want to work part time while cashing out your dividends and living off of that. You can still contribute to your retirement accounts too if you have enough cash flow.

    The most important variables to this are: (1) kids, (2) medical insurance
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  7. #7
    Registered User Audioslave's Avatar
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    You're young. A lot of guys in my line of work get in young, make a few million, and then retire in their 30s. That might work for some people but I cannot do it. Personally, I would find something you enjoy doing to replace your job. No need to work in a job you hate if you don't have to but you might not like the feeling of losing your purpose. And at your age that kind of investment income is nice but is it really enough? Everyone is different but I would continue to work to have that second source of income. In the meantime, you don't have any kids yet, so there is nothing wrong with taking some time off (after the pandemic is over) and enjoying life before you do have kids. I would take some time off for traveling, hobbies, whatever just because you can.
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  8. #8
    Registered User whitepaper's Avatar
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    Originally Posted by HarryPotterCliv View Post
    Hey Bro,

    I am sorry for your issues. Have you considered trying to go to the UK or Canada for consultations with specialists and maybe seeing what procedures they have and then paying out of pocket?\
    Originally Posted by oaktownabroad View Post
    Find a way to move to Canada or Europe and live off the dividend interest with no health care worries. You should be able to qualify for Canada at least if you have a good trade and your wife's nursing will help too. If that's not an option, can you get on her health insurance from her job?
    Fuk off, we don't want more Americans here. Stay put.

    Originally Posted by Audioslave View Post
    You're young. A lot of guys in my line of work get in young, make a few million, and then retire in their 30s. That might work for some people but I cannot do it. Personally, I would find something you enjoy doing to replace your job. No need to work in a job you hate if you don't have to but you might not like the feeling of losing your purpose. And at your age that kind of investment income is nice but is it really enough? Everyone is different but I would continue to work to have that second source of income. In the meantime, you don't have any kids yet, so there is nothing wrong with taking some time off (after the pandemic is over) and enjoying life before you do have kids. I would take some time off for traveling, hobbies, whatever just because you can.
    I have zero helpful advice for investing, but what Audioslave says here is good advice; once you feel comfortable with your passive investment income, find a job/career that you enjoy. You'll have the bandwidth to fully commit to someone you want, and train/work your way up, without worry for money.
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  9. #9
    Registered User Gizzyhardcore's Avatar
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    Originally Posted by guideX View Post
    This is a no brainer for me.

    Look at what some of the big cats are doing ie Berkshire Hathaway and other hedge funds. They are balls deep in a single company: Apple. I read that BH has ~$80 billion in Apple.

    Id pop 50% into Apple and the other 50% into whatever you feel comfortable with for the ostensibly 'safe' dividend investment.

    Apple's annual returns are between 15-90% per annum based on the past decade of results.

    You will earn $195,000 on the most conservative amount of 15% from 1.3M.

    If you don't like your job what do you like? Corporate life is hell no matter which way you slice it. How about a coffee shop in a nice part of town? You might have to do a 6 month jaunt as a barista before getting into partnership with someone/buying a whole business outright.
    nope nope

    Everyone thinking apple is "it" pushes up the share price, so its value slowly creeps up and becomes more on future expectation and not on what its currently doing.
    it may do awesome in the future, but if the expectation was super awesome, then the share price will go down.

    OP I have roughly the same money as you, actually about $4, but about 1.4 of mortgage debt on properties. so 2.6 net.

    I think you should layer it like a cake. Thats what i have done

    You base needs to be the blue chip, safe, reliable stuff - property. index funds - the big ones S&P 500, global, euro, etc
    Next maybe the icing can be your safe but more speculative plays - for example some "bluechip" individual stocks - Apple, amazon, MS, etc, maybe some alternate ETF's, like a marijuana one, a semiconductor one
    The decorations etc can be the speculative stuff - the Tesla, the investments into start ups - find the next uber and its "das it mane" if it doesn't pan you, then its ok it was a tiny part of overall.

    You should get solid but not spectacular gains from the base, and have some shots that may pan out with the rest.
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  10. #10
    shredded sikkunt guideX's Avatar
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    Originally Posted by Gizzyhardcore View Post
    nope nope

    Everyone thinking apple is "it" pushes up the share price, so its value slowly creeps up and becomes more on future expectation and not on what its currently doing.
    it may do awesome in the future, but if the expectation was super awesome, then the share price will go down.

    OP I have roughly the same money as you, actually about $4, but about 1.4 of mortgage debt on properties. so 2.6 net.

    I think you should layer it like a cake. Thats what i have done

    You base needs to be the blue chip, safe, reliable stuff - property. index funds - the big ones S&P 500, global, euro, etc
    Next maybe the icing can be your safe but more speculative plays - for example some "bluechip" individual stocks - Apple, amazon, MS, etc, maybe some alternate ETF's, like a marijuana one, a semiconductor one
    The decorations etc can be the speculative stuff - the Tesla, the investments into start ups - find the next uber and its "das it mane" if it doesn't pan you, then its ok it was a tiny part of overall.

    You should get solid but not spectacular gains from the base, and have some shots that may pan out with the rest.
    I'll let you ruminate over this headline From last month:
    [b]Berkshire now owns more than $91 billion in Apple shares, representing 43% of the conglomerate’s entire portfolio[\b]

    Strong ignorance to his circumstances

    Strong telling him to diversify when all he wants is a no drama passive income

    Strong telling him to get into Tesla which is so volatile even a seasoned trader could suffer an aneurism with more than 10k in that ****

    Strong ignorance To the fact Apple has become THE globally renowned blue chip and there are literally millions of wealthy around the world eyeing an entry into the greenback/USD due to lack of confidence in the local economy.

    FAANG+ is safe and tripling etfs/indexes.

    OP the only part of his advice that you should read is that you can invest in any of Apple, MS or Amazon.. My personal preference would be in that order.
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  11. #11
    Registered User Gizzyhardcore's Avatar
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    Originally Posted by guideX View Post
    I'll let you ruminate over this headline From last month:
    [b]Berkshire now owns more than $91 billion in Apple shares, representing 43% of the conglomerate’s entire portfolio[\b]

    Strong ignorance to his circumstances

    Strong telling him to diversify when all he wants is a no drama passive income

    Strong telling him to get into Tesla which is so volatile even a seasoned trader could suffer an aneurism with more than 10k in that ****

    Strong ignorance To the fact Apple has become THE globally renowned blue chip and there are literally millions of wealthy around the world eyeing an entry into the greenback/USD due to lack of confidence in the local economy.

    FAANG+ is safe and tripling etfs/indexes.

    OP the only part of his advice that you should read is that you can invest in any of Apple, MS or Amazon.. My personal preference would be in that order.
    lmao, says the kid who thinks he should drop 50% in apple.

    Age 28, do you even have a positive net worth?

    is this real life? 50% in apple and you criticize me for say make some speculative plays with a tiny part of your portfolio... possibly in Tesla?

    Do you even know how the market works you nub? The expectations on apple are so hyped they even miss one milestone or earnings and they drop.

    I mean, you obviously new to all of this and making a bunch of BS claims to try and make yourself sound legit. You forget its 2020 right and googles been round near 2 decades so I can just fact check you

    You don't even have to click this link, all the relevant info is IN the link
    https://www.businessinsider.com.au/w...20-6?r=US&IR=T

    lmao phaggot - 43%? try 20%. sure a large position. But doesn't mean he should drop 50%.

    your'e talking out your ass lol
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  12. #12
    Capitalist GordonXXX's Avatar
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