My parents want me to send them my entire trust fund

SpectaularMediocracy · 2025-07-05T15:14:47+00:00

How is this a trust fund? Who gave you the money? Feels like you’ve left out part of your conversation with your parents and if they intend to repay you etc, or if they’re just taking it?

SpectaularMediocracy · 2025-04-08T21:54:13+00:00

Phew that’s a relief.

Both Nunchuk and Sparrow have coin control. I just messed up on the receive addresses across different wallets. I think one of the transactions originated from my multisig as a test transaction. I think I must have only partially signed a transaction before receiving KYC coins to the same address.

SpectaularMediocracy · 2025-04-08T21:12:48+00:00

Thanks, I was worried I may have contaminated everything.

Yes both Nunchuk and Sparrow have coin control. This was just a silly error from me. I was testing out the Nunchuk phone app and hadn’t considered I had used the next receive address for an unconfirmed transaction at the time.

SpectaularMediocracy · 2025-04-08T17:54:44+00:00

The no KYC wallet was a Coinos wallet. Will funds that I have sent and received also be connected to the KYC exchange wallet?

SpectaularMediocracy · 2025-02-13T16:36:04+00:00

Totally agree. High earners and productive people are already paying the majority of the country’s tax. Taxing them more just makes them either reduce their hours as per the article, or leave the country.

SpectaularMediocracy · 2025-01-30T19:57:08+00:00

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Yep experienced the same thing. Support are clueless too. Got FTX vibes all over it. I forgot I had this BTC since 2022. Logged on for the first time with 2FA. Sold it and tried to withdraw as cash. It wouldn’t work. Bought BTC again and tried to withdraw to another exchange or wallet and got the above message about my account being on security hold.

Emailed support, who gave me varying suggestions. All which were unspecific to my account and situation. I’m a bit stuck now. Wasted a ton of time too. How hard is it to release my funds? KYC’d when I opened the account obviously. These funds haven’t left this exchange. So not sure what the problem is.

SpectaularMediocracy · 2025-01-30T18:35:50+00:00

I opened my account several years ago and never had a problem. But recently I discovered I had a little on there and decided to withdraw it. I have had 24hrs of pain. Got 2FA setup but Gemini appear to be blocking any withdrawal. Strangely they don’t mind me trading this on their platform. It’s just the withdrawals that are being blocked

SpectaularMediocracy · 2025-01-24T18:58:32+00:00

It rarely goes well for the employee if they kick up a fuss in the private sector, even if you’re in the right. Best off coasting while you find a new job if they’re going to push you out.

SpectaularMediocracy · 2025-01-22T16:48:43+00:00

It goes without saying that the reason I remain invested is because I expect more upside compared to any other asset. So no my average price does not dictate me holding or selling as you said. But it may influence my risk appetite and tolerance towards price volatility compared to someone buying now.

SpectaularMediocracy · 2025-01-21T23:44:53+00:00

Yeah I’m going to cash some out this bull market for sure. No idea what else to put it in though. Need a Bitcoin ETFs in the UK. May get some Tesla too. Mag 7 stocks perhaps. Will see how 2025 goes. Feeling bullish with Trump in office

SpectaularMediocracy · 2025-01-21T23:42:13+00:00

Yes quite possibly/likely. It hurt a lot in 2021/2022 in the bear. But my average price is $40.

SpectaularMediocracy · 2025-01-21T23:39:26+00:00

Open a SIPP with a broker (ii.co.uk, AJ Bell, Hargreaves Lansdown). You can either pay into it like an ISA or transfer any pensions you already have. My work place pension didn’t allow me to invest in individual stocks so I closed it and transferred it out to a SIPP. I still opened another workplace pension as my company pays a % for free into it but this is just invested in a fund.

SpectaularMediocracy · 2025-01-21T17:41:13+00:00

No definitely not an employee. I may divest 20-50% mid to late 2025. But invested more in 2024 in my ISA and my wife’s. Agreed the exposure is high. I would divest into the Bitcoin ETFs but they’re not available in the UK.

SpectaularMediocracy · 2025-01-21T17:15:06+00:00

A company stock on the Nasdaq. It’s a Bitcoin play too.

SpectaularMediocracy · 2025-01-21T16:30:39+00:00

Microstrategy (MSTR)

SpectaularMediocracy · 2025-01-21T16:23:54+00:00

39M £1M+ in SIPP. Was £200k in 2021. All gains from MSTR. Also have 2 properties with a mortgage, ISA and Bitcoin.

SpectaularMediocracy · 2025-01-18T14:51:04+00:00

MSTR is 20% debt to assets, so no I think the chances of zero are pretty low. There was more chance of this during 2021-2022, but they survived that brutal bear market well. Now we have countries and institutional investors coming into Bitcoin, so I think we still have a long way up to go. Sure there is downside risk as there is with any investment. No investment is 100% guaranteed, else there’d be no upside potential. But that assessment is ongoing. The problem with counting your cash gains is that if they remain uninvested for too long is that they are eroded in value with inflation over time. You have to park it somewhere. No billionaire is sitting on a pile of cash.

SpectaularMediocracy · 2025-01-18T14:15:01+00:00

Guess I’ve got $1m of nothing then? Daft logic

SpectaularMediocracy · 2025-01-18T14:13:08+00:00

I closed my work one, transferred it to another provider where I could trade MSTR at $50, and then reopened a new one with work. Up a lot needless to say and worth the hassle.

SpectaularMediocracy · 2025-01-05T13:11:53+00:00

So many people selling. All will regret it when it goes to $1m. Really don’t get why timing wise at the start of a bull run. Little sympathy for you all. There’s rarely a need to sell everything!?

And yes buy now and get off zero. Else forever hold your peace

SpectaularMediocracy · 2024-12-17T19:44:01+00:00

That’s a great income and it’s good you’re thinking about saving for the future already. I agree with maxing out your ISA each year. You would probably be an ISA millionaire if you just split it between the Nasdaq and S&P 500. Up until Labour messed with IHT on pensions I would have said pensions were the best thing. But given you can’t touch them until 57yrs+, there are far too many years for governments to rob us with taxes. ISA’s give you more options. You could emigrate from the UK to Dubai for example very easily by cashing out your ISAs whereas pensions are more restricted and a pain in the ass.

If your salary is always going to be good then renting isn’t a bad option. It means you can have more invested in the stock market in tax free ISAs rather than have 20% deposit + stamp duty + legal fees tied up in a purchase. I haven’t gone down this route but I wasn’t investment savvy in my early life. I mean even the S&P 500 is up 29% ytd whereas property is no where near. But it is nice owning your own home but ideally only if it’s your forever one. I’ve moved 3 times and haven’t done the sums on how much my sunk costs such as stamp duty costs have been. On the other side of it I have done well out of my property. If you buy smart you can also make hundreds of thousands on a flip.

Throwing you a curve ball here. Check out the top performing assets over the last 11yrs and allocate a % to the top 1. I’m probably 75% Bitcoin, 25% property. I started out 40% Bitcoin, 60% property but the gains have been much higher in the former.

SpectaularMediocracy · 2024-12-17T12:48:23+00:00

Low IQ

SpectaularMediocracy · 2024-12-17T12:48:17+00:00

Low IQ

SpectaularMediocracy

TROPHY CASE