My wealth plan for next 3 years - page 2.

Xampeuu

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Quote from: ChiBitCTy on August 24, 2023, 08:10:22 PM

Quote from: Nwada001 on May 29, 2023, 04:59:16 AM

Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.

As an economist, I don't think you really map out your plans very well; all I could possibly imagine from the few things I understood from your content is more debt. Borrowing money to invest in crypto currency without having a primary source of income is something that's highly discouraged because it can endanger you and put you into more debt. When doing your calculation, did you not look at the negative side of investment? Your analysis is actually not complete if you don't do a proper calculation of risk.

How long do you actually think that the person who lends you the money can wait for you to pay it back without you incurring more debt to your head, and the lender might actually sell off your collateral if you don't meet up and become a loan defaulter?
I will sincerely advise you never to take a loan from anyone just to invest in crypto currency with the hope of paying it back with your profit made from the investment. It's actually a very bad investment strategy; it might work for others, but the chances of it failing for you are very high.

As a financial advisor, I fully agree with you. First of all gold and silver aren't good investments typically. They are great hedges, but investment wise, not so much. This guys is also banking on gold/silver/bitcoin are certainly going to increase in value, which there is simply not guarantee for.

OP - I think this is a very risky proposition you're making here and I woudl think twice about doing so.

if we know the characteristics of the three maybe we can respond to decide to invest. however, an understanding of the investment that we are going to need is indeed needed at the beginning, so that we can know the characteristics of each. I agree that gold and silver are only used as hedges, which do not provide benefits if we convert them to the increase in inflation that occurs. for the next three years, it seems that I will choose bitcoin to invest when considering the profit problem

ChiBitCTy

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Quote from: Nwada001 on May 29, 2023, 04:59:16 AM

Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.

As an economist, I don't think you really map out your plans very well; all I could possibly imagine from the few things I understood from your content is more debt. Borrowing money to invest in crypto currency without having a primary source of income is something that's highly discouraged because it can endanger you and put you into more debt. When doing your calculation, did you not look at the negative side of investment? Your analysis is actually not complete if you don't do a proper calculation of risk.

How long do you actually think that the person who lends you the money can wait for you to pay it back without you incurring more debt to your head, and the lender might actually sell off your collateral if you don't meet up and become a loan defaulter?
I will sincerely advise you never to take a loan from anyone just to invest in crypto currency with the hope of paying it back with your profit made from the investment. It's actually a very bad investment strategy; it might work for others, but the chances of it failing for you are very high.

As a financial advisor, I fully agree with you. First of all gold and silver aren't good investments typically. They are great hedges, but investment wise, not so much. This guys is also banking on gold/silver/bitcoin are certainly going to increase in value, which there is simply not guarantee for.

OP - I think this is a very risky proposition you're making here and I woudl think twice about doing so.

Lanatsa

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

So whats the current price of AIDOGE as of this moment?

https://coinmarketcap.com/currencies/arbdoge-ai/
https://coinmarketcap.com/currencies/aidoge/

All-time high
Jul 04, 2023 (2 months ago)
$0.0000116
-79.97%

Aside from AIDOGE talks then i do fully agree with that BTC accumulation and fiat degradation or becoming that shit on future years to come.
Its not bad on having that kind of optimism towards Bitcoin but fiat wont really be ceasing to exist as long government does exist. Good thing that we do have
at least the option on dealing with something that could really go compete against or would really be having the option at least for us to choose.

irhact

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Quote from: ringgo96 on June 12, 2023, 11:28:28 AM

nowadays everyone wants a lot of income and it's hard for them to get up when they don't have the capital to invest, this is a big problem, so they choose to lend money to open their business and some of them don't dare to invest in the cryptocurrency world, even though it's like what you have said if they can rely on patience and full faith then they will definitely feel big profits, so choosing a business that we want to do must have big considerations so that we don't regret it later and the crypto world is one of the solutions.

Any individual that wants to lend money, he should make sure it should be for their personal business and not for investing because that's not the right way to make investment and if you think you can lend your way to wealth that's a lie. When you lend for your business you're investing in a business that you'll put effort into making it a successful business because of the time and other things you'll invest into the business. Building a business is different form investing in assets like Bitcoin.

Cryptocurrency are very volatile and you can lose everything you invested if the market crashes and you panic to sell all the coins you have because you don't want to lose further to. the market if it continues falling. Lending and investing in bitcoin isn't a good investment plan.

AnonBitCoiner

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Quote from: ringgo96 on June 12, 2023, 11:28:28 AM

nowadays everyone wants a lot of income and it's hard for them to get up when they don't have the capital to invest, this is a big problem, so they choose to lend money to open their business and some of them don't dare to invest in the cryptocurrency world, even though it's like what you have said if they can rely on patience and full faith then they will definitely feel big profits, so choosing a business that we want to do must have big considerations so that we don't regret it later and the crypto world is one of the solutions.

People don't dare to invest in crypto because they are afraid of lossing money and in these days inflation is very high so if one utilize the budget of daily uses so during such dip in worth he loss all the money. Everyone says that those who regret to not invest in crypto forget the thing that when such situations arises when every coins become reduces and some of them become completely disappear then most of them will regret to put money into it.

I think it will be better to utilize your money in that business in which you have more experience, which you think that it will be better for you, and which is not risky. Crypto is profitable but risk is also very high because of which one can loss overall sum of money and will borrow money from others.

edy_58

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Quote from: Outhue on August 24, 2023, 01:20:58 AM

I am a big risk taker and I was able to take different risks when investing because it's my money if I lose the money it's not the end of my life, I will start over again, but a loan will make things harder because you need to pay up, no one cares what or how you lose the money, you will only be free after you settle your debt.

Every investment has its risks, and that's why a loan is not a good idea, Even if it's stock or gold or Bitcoin there is a possibility of you losing money, the loan is for those who have a lot of money and also collaterals. Think twice before taking a loan.

Investing in any type of course has risks, if you dare to take risks, of course you understand very well in detail the type of investment you are going to make and it is very likely that you will get a profit on your investment. You are right that investing by taking a loan is not a good choice because in investing it is not certain that we can get a profit, maybe we experience a loss and we have to keep paying off our loan. I think if we take out a loan, it's a good idea to use it for the business capital we've been on and we can afford to pay off the loan.

Poker Player

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
...
I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
...

A seamless plan, eh? And you don't count the risk. The fact that you haven't earned a single merit in the time you've been on the forum makes me think that your plans are not very reliable.

I've been on forums for a long time and the typical thread like this always comes up of someone saying they're going to take a loan to invest in X. They always end badly. Either they buy before a market downturn and are left paying the loan and unable to sell, or even if the plan starts out halfway well they even leverage more or do something stupid that leads to bankruptcy. The most common is that they do not even come back to the forum, the typical case of someone who takes a loan to buy bitcoin when it was at $60K, and when the downturn comes and falls to almost $15K does not reappear on the forum. He probably sold at a loss out of panic and stayed paying the loan.

It is better not to have debts of any kind but if you get into debt to invest it has to be very well calculated with a good debt to equity ratio and making sure you have enough cash flow to meet payments. Do not have a fantastic plan like the one in the OP that will make you go from poor to rich almost magically.

Outhue

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I am a big risk taker and I was able to take different risks when investing because it's my money if I lose the money it's not the end of my life, I will start over again, but a loan will make things harder because you need to pay up, no one cares what or how you lose the money, you will only be free after you settle your debt.

Every investment has its risks, and that's why a loan is not a good idea, Even if it's stock or gold or Bitcoin there is a possibility of you losing money, the loan is for those who have a lot of money and also collaterals. Think twice before taking a loan.

Bitcoin_people

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Your plan is good enough, but investing is not as easy as you make it out to be. Basically if you invest in sheetcoins where you are at maximum risk it will be bad for your money and there is a possibility of losing money. Since you are thinking of investing in debt, it is always risky and if you invest in Bitcoin, it still ricks. If you invest with debt in the hope of immediate profit, it will be the biggest mistake as you may face high risk in it. And since you are going to invest with loans, you must be very careful so that you don't face losses, but you have to wait until the market gets better after investing.

Latviand

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Quote from: tread93 on August 23, 2023, 10:45:56 PM

When you laid out this plan I hope you were prepared for 7 pages worth of harsh criticism, from economists to bitcoin maxis and enthusiasts alike hahahha. Your strategy was not very well laid out if this plan goes sideways on you. For your sake I hope it goes well because from what I can tell your mind is made up

It's not well thought out and given that there's no good explanation as to why OP will do what he's planning, I am certain to a degree that it's going to be a failure or that there's going to be impossibilities that will happen along the way. I agree that it's going to go sideways, not to mention that most well laid out plans out there face obstacles that is not in the scope of their plans so they have a hard time dealing with that obstacle let alone something like this, unless OP is disciplined to follow this janky plan to the t then there's a possibility that it might work for OP.

Sayeds56

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

It appears that you have some clear ideas and strategies to approach your wealth plan over the next few years. One aspect is to leveraging loans when fiat currency value is high and capitalize on potential investment opportunities, that seems prudent approach. It is also worth mentioning here that ensuring a diversified portfolio is crucial, therefore investment in Bitcoin, Gold and silver as well as in stocks to be considered for a balanced portfolio.

In summary, exercising prudence is crucial when considering loans. This involves a comprehensive assessment of aspects like interest rates and one's repayment capacity.

tread93

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When you laid out this plan I hope you were prepared for 7 pages worth of harsh criticism, from economists to bitcoin maxis and enthusiasts alike hahahha. Your strategy was not very well laid out if this plan goes sideways on you. For your sake I hope it goes well because from what I can tell your mind is made up

icalical

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First thing, I would like to give a disclaimer that what I write here is not investment recommendation, merely a non expert opinion from forum member. Investing using money you got from the loan is not very wise, there is no guarantee that your investment will actually got profit, if it turn out to be a loss, from the decrease of value of your portfolio and also the interest you need to pay from your loan. Even if it's a profit, is your profit more than the interest? if not it's still a loss.

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Quote from: Sexylizzy2813 on August 23, 2023, 07:43:51 AM

Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.

Is really funny how you said all you've said, taking loan is not the main issue but how to pay.
You said you'll take loan and invest on Bitcoin and other things that you could think of, lemme just be on the negative side.
Have you thought of it this way, what if the investment didn't get you the kinda profit you're expecting and you could not pay up the loan, so how can you be able to cope with the whole disaster that comes your way?
I'm saying all these because you only thought of the positive part of your plan or investment but you forget that it doesn't work that way, be you a trader or investor, shit happens even now go check the market how Bitcoin price is hitting the ground with so much prediction that it would sky rocket to a certain amount before end of August. So I'd say you should have a rethink on your plan.

Taking a loan must have a stable income because remembering monthly deposits must be rethought, while investing there is no certainty when it will make a profit or even a loss for months. I agree with what you say, but the OP may be interested only from a positive perspective but not reconsidering the bitterness of being an investor when experiencing a loss in portfolio value. Taking a loan for investment is not the best solution. Invest with cold finances so that if you face a red market at least we know that the asset is not someone else's money.

Sexylizzy2813

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.

Is really funny how you said all you've said, taking loan is not the main issue but how to pay.
You said you'll take loan and invest on Bitcoin and other things that you could think of, lemme just be on the negative side.
Have you thought of it this way, what if the investment didn't get you the kinda profit you're expecting and you could not pay up the loan, so how can you be able to cope with the whole disaster that comes your way?
I'm saying all these because you only thought of the positive part of your plan or investment but you forget that it doesn't work that way, be you a trader or investor, shit happens even now go check the market how Bitcoin price is hitting the ground with so much prediction that it would sky rocket to a certain amount before end of August. So I'd say you should have a rethink on your plan.

ringgo96

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Quote from: Kadal Ijo on June 05, 2023, 05:37:03 AM

The best thing we can do right now is continue to increase a lot of potential income, if we are still confused about choosing a business then it's time to do something simpler, namely investing in cryptocurrencies, if we are patient then we can make big profits.

nowadays everyone wants a lot of income and it's hard for them to get up when they don't have the capital to invest, this is a big problem, so they choose to lend money to open their business and some of them don't dare to invest in the cryptocurrency world, even though it's like what you have said if they can rely on patience and full faith then they will definitely feel big profits, so choosing a business that we want to do must have big considerations so that we don't regret it later and the crypto world is one of the solutions.

S A KHAIR

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Quote from: Paul Pogba on June 12, 2023, 09:37:50 AM

I suggest dividing also into altcoins, I can get big profits when I invest a lot of altcoins like ETH, BNB and so on, because of the opportunities for altcoins that are cheap or under $ 1 it will be easy to go up 100x even more, while bitcoin if it can go up 100 % in a year is certainly an amazing thing.

If investing in altcoins can be so easily profitable. Can you tell me, how much money you have made from altcoins, and have you become rich? Or are you still losing money on your altcoin investments? Investing in altcoins is not so bad, but investing according to your method, I really don't believe you will be able to succeed.

Paul Pogba

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I suggest dividing also into altcoins, I can get big profits when I invest a lot of altcoins like ETH, BNB and so on, because of the opportunities for altcoins that are cheap or under $ 1 it will be easy to go up 100x even more, while bitcoin if it can go up 100 % in a year is certainly an amazing thing.

rachael9385

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Yes OP, I can see that you really have a good plan and that is very thoughtful of you been wealthy in time to come, your plan is good but I won't admit it because it involves loans afear, I will want you to invest and hold for a long or longer time with your own money and not the capital you borrowed from someone or anywhere because no body knows the outcome of Bitcoin in the next 3 years as you are planning, anything can happen within that long periods you want to hold.
I will advise the OP to invest with his or her own money (savings) so as to avoid any form of harassment in due times if by any means the price of Bitcoin drops more that it is presently.

Jatiluhung

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Quote from: Kadal Ijo on June 05, 2023, 05:37:03 AM

The best thing we can do right now is continue to increase a lot of potential income, if we are still confused about choosing a business then it's time to do something simpler, namely investing in cryptocurrencies, if we are patient then we can make big profits.

Well, the main focus that we have to think about and plan for is indeed about increasing the amount of income we can generate. Because the more income we can generate, the easier it will be for us to save more money in savings and also in long-term investments.

Currently the crypto market is also in a correction condition after a lot of circulating fud. And now might be the right time to accumulate some crypto assets for us to save until the next bull market arrives. and I think the next 3 years the prices of crypto assets can increase quite high, especially Bitcoin.

Topic: My wealth plan for next 3 years - page 2. (Read 945 times)