Topic: choose an option - page 4. (Read 797 times)

My first choice will be BTC for sure but if we keep that aside I want to have number e where I will get $480,000 value business. I want to have a business at that value because I think if a business that's net worth is $480k can generate 1% of its value after omitting its expenses can provide me with $4800 monthly which I can use to buy bitcoin and gold without losing my business value. My business can grow gradually with its net worth and at the same time I can use its profit to reinvest in assets like bitcoin or gold or I can start another business.

I would have chosen option E which is $480, 000 value of business assuming am someone with passion for business. And provided at present before the lottery won I have a job I'll choose option A and spread that $5k monthly DCAing by buying bitcoin for the 96months which am convinced that yb the end of the 96months which is 8years I would have made much profits from two consecutive bitcoin halving and bullrun.

Will be picking either C or D or F;all has/ if not assured, high chance to generate profit which would make the total prize bigger. One would be generating assured profit and that is with the house given that its value is increasing over years as a property. With Bitcoin as an investment in the choices, it could generate profit in a shorter period of time given that its market value at the present is already higher than the assumed entry price. I so like to consider E as well but a $480k worth or value of a business does not guarantee a profit ‘coz it would still depend on whoever will handle it. And with gold, there’s really no need to elaborate with this one as we all know that its price increases over years as well. It will all boil down to your preference as the one who would claim the price.

I would choose a $480,000 value business because I can also earn all of these by investing in those that you explained already . After doing business with $480,000 it would be really easy to earn a lot as this is a huge portfolio for me and I can start a business from the much in wherever I want.

It would be better if I could choose all because I'm really in need of this much value house and also want to store that much of the gold, but where can I find them? I would be the lucky one if I had all of these in the bank. But I can only imagine this thing because I have never seen such in my life even working hard for it.

I will choose option c. This is because there is no investment or amount of money that will give you the kind of profit that bitcoin will give you when you sell in the next bull run that we are expecting. You can sell all of the during bitcoin ATH and re-buy back the same 20btc during the immediate bear market that follows the bull run. You will take good profit and still have your bitcoin in your wallet.

Secondly, I will go for option e. This is because you can use the profit from that business to buy whatever you want to buy when you save it, and you will have regular cash inflow that will makw  you not thinking of selling your bitcoin because $480k is not a small business. I can buy more bitcoin with DCA and I can also build real estate and buy gold, all these I can achieve it as long as the business is running and my bitcoin investment portfolio is also increasing. Give me twenty years from now I will rich the level of fuck you status.

What is the reason for choosing the figure of $480,000? Why not round up to the nearest $500,000?

I don’t believe in lotteries as an opportunity to win and with the help of this “magic wand” solve all financial goals, but so be it, I will play your “game”.

I would choose option "b", since this is the most liquid financial instrument with which you can buy everything that is listed in the remaining points. That is, a bitcoin, a gold, or something other, like a stock in the proportions you want, which will create diversification. At the same time, you can choose the house or business that will be the most attractive and interesting, that is, according to your taste. Option "a", in principle, is the same, only extended in time and without the opportunity to buy a house or business, but option "b" “right here, right now” is still better. What if payments suddenly stop within 8 months?

I'm seeing people choosing B, and I think that's the rational and conservative answer. Let's say there are no tax after $480k, getting a lumpsum would give you infinite option for it to invest, whether on cryptocurrencies, business, property, etc. I'll select the option B as well as you can diversify it to maximize the potential gains. I think the worst option in the choices is the D, because I see the house as an asset and liability at the same time, Yes you can sell the house making a profit from it but if you are planning to live in $480K dollar house/mansion get ready to spend $100k for its maintenance.

Did you win $480K somewhere else? 

This depends on the person because some people are awful with cash and should take the regular option.  The other complication is taxation and how that alters the cost of each result.   That will vary by location and security, I'd take the gold option but security is a problem then and a cost.
   Property also has a maintenance cost but is a good idea for most as it immediately removes any rental cost you might be paying, it is highly tied to location for worth and add many complications in that way.   1st thing I thought of was inflation, money invested now if you can gain an inflation linked income from will be superior to all the other options but thats investment risk and a skill imo.

You are right and if that option becomes a reality, Bitcoin will definitely be the top choice because we are in this industry and also have some Bitcoin and this will be a great addition. And this will also be a big advantage in the long run.
And option C is also an excellent choice for a house priced at $480,000 and will certainly get a very large house. And I will buy a big house to divide into several rooms to use as a boarding house, and with this I will get income every month from rent and besides that the price of the house as time goes by will increase as will the rental price.

Why? Would you give me this? lol jk. (unless?)

Of course being the crypto fanatic that I am, I'd choose bitcoin as my first choice, not only am I looking at a massive win-win cause it's bitcoin at a relatively low price point so there's even higher chances of earning more profits, there's also the fact that you're investing on a pretty safe asset like bitcoin, at least compared to other cryptocurrencies in the market. Now for my second choice, and I haven't really given this much thought unlike the bitcoin first choice, I'd say despite the precarious situation that the housing market is in, I'd pick the house/real estate property option. Recession comes and goes, but if you hold on to your properties and don't sell it off you have a pretty good fighting chance at breaking even or turning a profit eventually when the market recovers. If that doesn't happen worst case scenario, you got a pretty house to live in.

I got your point here but is it some type of survey I mean if yes you should pay us  (just kidding) Well, before reading the C option I was going to choose option A because Option B is not right for me, If I will get lumpsum of $480k in my bank, (which might not have that much limits to receive funds) I might be questioned by the FBR and I have to pay huge taxes which I might not tend to pay (of course giving always huge amounts is not an easy task) So I prefer A over B for tax. But I also have to pay tax on $5k but that tax will be lesser in amount and maybe after 1 year or 2 years the taxation would decrease. Currently, the taxes are so high that I might withdraw my funds at huge taxation but I still have hope that in the future the tax might be reduced and I might get more profit.

But, after reading the C option my mind stuck to it, because, if I received 20 BTC in any of my non-custodial wallets I would not be questioned by any of the government entities and I could do whatever I wanted to. For example, I can choose to trade with them, use them as my investment, can take big risks but with knowledge as we know without knowledge risks are only equal to gambling.

Well, I did not choose options D,E, and F because I don't consider them valuable options for payment and investment also. And I also have to pay huge taxes on them, I already have a house so I don't need one if I chose to rent it, it might not be a good choice currently because overall inflation is too high that people will accept to stay the night at roads but not in a house worth of 20 BTC (of course the rent will be high). 

Yes, of course I chose to do business, especially option A which was enough to make me turn away too. If I accept a business of that size, of course I will manage it as well as possible, in terms of expenses and income, it will definitely make a profit. and I will expand or add another business with the profits from the first business and I will continue to do that, with income from various businesses, of course we will be successful in financial freedom, and we can also include these profits by investing so that the money works again for us.

franky actually gave a better argument for choosing $480K lottery upfront. No burdensome money management needed when you can just put it in a savings account that yields 7% annually. You can withdraw the monthly interest for your basic necessities and side investments. When you put that into numbers then it's $480K * 7% = $33,600/year or $2,800 per month. I bet that would be enough passive income for a lot of people.

Given that those 20 BTC will be worth at least 3-5 times more in fiat value in the next 1-2 years (if we assume that the halving and possible spot BTC ETF will have a positive effect), for me personally that option makes the most sense.

Another option would be a house, although you did not specify the condition of the house - because there is a big difference in whether it is a house that is relatively new and habitable, or a house that needs additional investments to be able to live in it or rent it/try to sell it for a larger amount.

I originally thought that. But frank1y said you get 20 btc and that it is worth 680.

so I will take that and sell 15 coins.

buy the business for 480
leaving me 30k
and 5 coins

at frank1y am I now understanding your choices as you meant?

My obvious choice would be E.
Simply because it is a business, and I am a type of person who puts of high importance of businesses. Also, I choose e because the cashflow will be in a continuum process and it will not just stop with a $480,000 because you will generate more income when you have a business. Not only that, but you will also have the chance to expand your business, and meaning to say, your income can be doubled. Personally, I think e is the best choice amongst all because you will have the full control about it unlike in lottery, bitcoin, and or gold in which things you don't have the control especially when we take about the market condition. But for me, e can be also the riskiest among the choices especially if you do not have any idea on how to run a business because there is a huge possibility that you might fail. Contrastingly, if you are a business-minded yourself, then I think e is the best choice.

well if it is 20 btc over the business choice.

I could sell 15 btc get 510k hold the 5 btc.

and use the 510k to set up the mining business that I listed before.

basically I get the same business and two bonuses one of 30k and one of 5btc.

this would be nice for me. as i do like mining.

I'll choose the first one, point a. I thought I'd take it easy for 8 years because my wallet would always be filled with $5k. I also thought about selecting points b and c. But if I take $480k straight away, there's a chance it will run out in 2 - 3 years. If I choose point c, I will most likely be anxious if the price of bitcoin drops sharply and I will not be able to sleep well. Option a is more convenient for me

I'd choose house as it is thing most people work their whole life to own, when you own one it feels like huge burden left your head and the freedom that comes with it.

You could also rent it to make passive income with it, real estate is thing that mostly appreciates so you could sell it profitably too, returns might not be great as Bitcoin/Business/Gold but then again I'd only sell if there was real necessity.

This is a no brainer for how I am and for the phase of life I am experiencing now : if it would happen to me I would also sell whatever I own at the moment and start travelling around the world.
I would  visit and stay in countries where the cost of living is very low, and there are many wonderful places to visit with such charaterisctic, will switch off my brain and just live the dream saving money in the meanwhile.

Eight year later I can start thinking again on what to do with the money I saved.