What if you had $25k to Play with?
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Here ls a fun (to me) question. I'd like to have some feed back if you don't mind.
What if you had $25k to just play with? By that I mean the goal is to grow the balance but if it's all lost, it won't harm your life.
What would you do with that sum of money? Crypto? other investments? Precious metals? It's not really enough to go into the stock market, but there are other investment opportunities such as fractional real estate.
This is a question i have been asking myself for a little while now because it's the situation I am in. I do have a plan, which I will write about later. I am just wondering what other folks would do with it.
For those wondering if I will put any of this into HIVE, the answer is ...probably. i have already been putting finds into HIVE slowly over time and multiple accounts for years. If I do put funds in , it will be a small portion of that amount. Though buying HBD with some of those funds is tempting.
What I may do is set up some investments where I get monthly or quarterly dividends and then maybe from those earnings out a little into HIVE. For the sake of transparency most of that money is not going to go into HIVE but I may put in a few thousand (over time)just because.
i also am not looking for or need tax advice. We already have an excellent accountant.
We also already give to charities and family so I am not at this time looking for a list of charities to donate to as we are already doing that. I am looking to set up a steady stream of additional income.
I put them on HBD, because I could not afford to lose them.
If I could afford the lose, I might get into other financial instruments. Crypto is great however there is a big difference between you see an opportunity and you think you see/need an opportunity... a big difference that can be seen only by third people perspective.
If the fund goes bigger, I might get into landlord business again, as I have some experience in that role. But to be honest, 25K is not small but it is not big enough to open some opportunities
!BBH !ALIVE !DUO
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Yes I am aware it's small and kinda of not at the same time lol. That's why I said no stock market (we likely will invest in the markets at least temporarily, just not with this stack). I will likely put maybe 25% of it in crypto as a whole but am not really looking for crypto opportunities necessarily if that makes sense. This is all "fun money," I could lose it all and it would have ne effect on our lives. I can take higher risks. but I tend to take calculated risks . I would be a terrible gambler . !BBH !PIMP
I'd hire someone that could get me some meetings with a few specific companies to talk about an invention I'm pursuing this year. Writing emails and phone tag is hard. I'll do it, but time is precious.
Oh god. Phone tag and making calls is my kryptonite. !BBH !PIZZA
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I've recently been thinking of my pension and retirement fund, so I'd probably put most of it into an investment fund, and try save away for a rainy day! And some into crypto.
It's interesting, not long ago I had some money to play with, and spent most of it on food. The joys of being a lazy sloth! If I had some 'free' money to play with again, I'd like to think I'd be wiser, investing, giving to family, supporting charities...or letting my ADHD run free and eating my way through it again. !LOLZ !UNI !SLOTH
Pension? You still have those? As for spending on food that sounds amazing. I hope you found some tasty foods. !BBH !PIZZA !UNI
First let me say that I am positively biased. !LOLZ
Second, I assume it is a windfall and I don't need it but more than happy to have fun with it in a way that generates disposable income and future growth that can be shared in a loving and caring community.
So what would I do?
I would focus on Hive, HP, SWAP.HIVE, support many Hive projects & communities.
I may even have an account to down vote accounts that are clearly causing more problems in the Hive community than growing the community as a whole.
I would solve problems and drive up the price of a TooFuckeh problem solving token. I did say I was biased. I would demonstrate the creation of synergy and be a Perpetual Economic Power Terraformer on Hive and off Hive.
To this I say, Thank You again for adding GLITTER to the TooFuckeh:SWAP.HIVE Liquidity Pool. I added some GLITTER to it the other day.
At this time, I convert HBD to Hive and will likely do the opposite once the price of Hive changes direction with some momentum.
If your talking about doing it on Hive then you can look at what I am doing with @pepEntropy account and token. This token use case is about creating Qualitative Investment Strategies(QIS) and providing Market Maker Services. We can expand on this via DM if interested.
Congratulation on your windfall. Do reward yourself first cause you likely got it for a good reason. Many years ago, we got $25k windfall and my wife and I bought the latest Sony Entertainment System and invested the remaining portion. It allowed us to take a higher risk path with some funds. We still have the Sony System which is just over 25 years old now.
This post shows that you follow the PEPT philosophy where you Learn Before You Earn anything. Great idea to ask the community for input.
And the next important part of a PEPT philosophy is to have #FUN and make sure the by-product of your fun is a boost to your disposable income.
Have an awesome day.
!PIMP
!PIZZA