Cashing out of crypto and getting a bit nervous about all inning on Schwab.Is there any point splitting funds between several banks at this level? Don’t want the pain of dealing with several institutions but also don’t want to get fucked.
buy government bonds. probably safe there
>>62838978nm. buy a mansion or sumthn
Lehman Brothers is completely safe and there's zero chance you will be embroiled in a decade long lawsuit to get your brokerage account back
here you go boi.park it with uncle sam and auto enroll the money so it doesnt return to your bank account.recieve phat interest payments that do return to your bank accountskip the middleman
>he decided to cash out crypto after a -20% crashyou seem like a smart person OP
>>628391501. the stuff im selling is still near ath2. youre a newfag if you think -20% is anything significant when 98% of coins being traded today will be worth literally 0 and will have no buyers within 3 years
>>62839133dont fucking go 100% treasurys fuck50% treasurys at most, and that's beng ridiculously conservativeVery conservative portfolio>50% treasurys>25% equities>10% crypto>10% gold>5% real assetsthis will preserve your capital,give you a returnpay you enough income to easily live onnow, if you don't want to be this conservative, take it out of treasurys and put it into equities. leave the other stuff alone. except I would suggest keeping at least 1% crypto, at the very minimum, but I'd suggest more at least 3%. Don't sell it all. Keep a little. It doesn't have to be 10%. Do 3% as a compromise if you're really bearish on crypto
treasuries are good. thats what all those institutional banks do with your money anywaydo it yourself and skip the middle manpark it in treasuries and hit auto enroll and recieve phat near million dollar interest every interest day whenever that is into your bank accouny
>>62839403and if you're thinking about going 100% treasurysyou have to consider if rates continue risingthe US is nearing a point where it may being engaging in financial repression. You could easily see rates reach 15% and hit at the same time by high inflation, and you'd be tied up with low yielding bonds as the government takes your wealth by inflating it awayno. definitely diversify with a capital preservation strategy
nah fuk that100% into treasuries. funds LOCKED TIGHT with uncle samrecieve $800,000 in interest every year to spend on whatever
don't listen to the retards telling you to go 100% bondsdiversifyin fact, since you are high networth,hire a bank to manage your wealththey will do it
nah fuck thatfuk da middle man100% into treasuries and bondslocked up TIGHT with uncle samthats what those banks do anyway
>>62838948Perfect time to cash out, this is the top and it's only down from here
>>62839190>Saar I am very riches 8 figures and my investments are all random shitcoins still at ATH , where to store my 8 figure wealth saarsPost crypto portfolio or kys
dont listen to them telling you to go all bondsget in contact with goldman sachs, and get a private wealth management accountthey'll get you any kind of investments you wantyou can ask for stripe shares (a private company) and they'll get it for youanything. They'll assign you your own personal wealth manager
nah fuk that bullshitcut da middlemanpark it with uncle sam
get a private wealth management accounttell them you're concerned about FDIC insurance not covering your high networth account with financial system tail riskand that you want to diversify out of financial system risk
>>62838948yes I have 4 different brokerage accounts evenly split and competing against each other. one failure can end your life if you're all in one
>>62839190>1. the stuff im selling is still near athlmao like what?
you absolute dumb niggeri tried to be niceif your biggest fear is banks blowing upwhy the absolute fuck would you go all in on bonds?why, why, why, possibly why would banks blow up?what fucking reason would banks blow up?banks, that are coincidentally, all in on bondswhy would they blow up?fucking answeri'll answer for youbanks would blow up if they were double tapped by severe interest rates rising,and high inflation. That would make banks blow up,that would be the reason banks blow upand you'd be hit just like the fucking banks you absolute imbecilebonds are the single worst investment to be in that kind of environment. there's fucking nothing worse to be inbut go all in on bonds for banks blowing up risk? lmao
>>62839513>They'll assign you your own personal wealth managerWhat do you have to pay for *that*? 10% of everything?
>>62839636less than 1%
>>62839593if the brokerage blows upyou still own your assetsyou can transfer your assets to another brokerageit's only cash you have to worry about, actual cash in the accountthey can't just take your assets that you own because the brokerage blows up lolif you have $1m in cash in the brokerage and it blows up you're in trouble
>>62839549>get a private wealth management accountthey charge 0.5%-1.5% to do basically nothing, and in some cases worse than nothing. i can press buy on VT myself.
How do you even get to $19MM? Like what does it take to achieve this?
>>62839870buy unicorn projects, dont sell too early and then sell everything. dont get hacked and dont use leverage.ive been in crypto since 2016
>>62839932What did you start with in 2016?
For me, it’s VIG
>>62839932How can you get in to buy a unicorn project?
>>62840035dont remember, a few thousand? it doesnt matter anyway because I lost everything from 2016->2018 when icos popped>>62840196stick around and wait for an autistic genius to give u chance to buy token equity in something that isnt an outright scam. you will fail at this 99% of the time but it only takes one.
