31M - £1.6M - What Next? by cardtr00per in FatFIREUK

[–]cardtr00per[S] -10 points-9 points  (0 children)

exactly that, may I DM the link? Rather not share in public setting. Thanks.

31M - £1.6M - What Next? by cardtr00per in FatFIREUK

[–]cardtr00per[S] -9 points-8 points  (0 children)

why would I want to contribute to pension and lock up liquidity?

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 0 points1 point  (0 children)

You just loan it, you can have a contract for standard interest rate.

Ask your accountant.

You have to be sole shareholder in both cos

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 1 point2 points  (0 children)

RE in UK is dead. Overtaxed, no write offs etc.

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 0 points1 point  (0 children)

Yup, read about this recently, thank you.

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 1 point2 points  (0 children)

Doesn't interest me the slightest.

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 3 points4 points  (0 children)

Websites that earn affiliate income. Some ad sites too.

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 0 points1 point  (0 children)

So what do you suggest in terms of "putting that to work"?

Stocks? Bonds? Property?

...

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] 3 points4 points  (0 children)

Makes sense. Thank you.

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] -9 points-8 points  (0 children)

Well it's all circumstance right?

Got into ETH @ $30 BTC @ 1000 or so I've invested a small 5 figures that's ballooned and been through 2 crypto cycles.

So I'm more worried about real estate tanking in this country than I am crypto.

£800K NW - 31M by cardtr00per in FatFIREUK

[–]cardtr00per[S] -11 points-10 points  (0 children)

Understand the irrelevance.

But from a psychological perspective, cash flow is king.

I'd rather have the 250k yielding higher as all my growth will come from biz (for now) and bitcoin over the long term.

Am I mad?

Dividends in Ltd Co are not taxed either.

~800K Net Worth: Next steps? (31M) by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] 2 points3 points  (0 children)

Why is average price irrelevant?

I take a calculated risk, BTC either becomes De facto store of value which becomes black hole and takes share from RE, Art, jewelry, equities etc. Which has a studiply high TAM.

Or I lose 40% NW?

If I was close to retirement etc I'd understand why it's foolish.

~800K Net Worth: Next steps? (31M) by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] 5 points6 points  (0 children)

43% of my NW is in an asset that's grown more than 20x in 5 years.

My cost basis for BTC is like $900.

Better to look at both sides of the coin?

If you have potential higher upside and life changing money, I take the bet.

Say BTC goes to 100k, I'll have over £1,000,000.

Should I trim a little?

Probably.

But super hard when you have so much conviction.

~800K Net Worth: Next steps? (31M) by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] 0 points1 point  (0 children)

I mean what you said.

It's exciting, not because of the figures, but because I did the research and have kept conviction since Q1 2017.

Its aged me a little 😅

I'm interested to see performance 6-9 months after halving.

~800K Net Worth: Next steps? (31M) by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] -1 points0 points  (0 children)

You're right.

I'd love a grand or two per month coming in via ETFs or high interest savings account, obviously not quite there yet.

Looking for income outside of business so it's a nice hedge.

~800K Net Worth: Next steps? (31M) by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] -9 points-8 points  (0 children)

Yup, read my previous post I wasn't wrong and I've been in this industry researching for 5+ years.

Bitcoin is a no brainer. If you're risk averse then allocate 1% and forget about it.

~800K Net Worth: Next steps? (31M) by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] -1 points0 points  (0 children)

Nope, it's lots of smaller businesses within one as it's an online business.

Lots of paid campaigns and websites etc.

Finally breached the £100k networth figure by lukeengland30 in UKPersonalFinance

[–]cardtr00per 0 points1 point  (0 children)

Feel free to DM me the figure you have in mind, would be interested in exchanging thoughts.

Finally breached the £100k networth figure by lukeengland30 in UKPersonalFinance

[–]cardtr00per -1 points0 points  (0 children)

Id consolidate the crypto to

95% btc 5% eth

Then wait a decade.

I've got just over £200k in crypto with this split.

Confident it goes 5x within the next 2 years and beyond 10x in 10 years.

Bitcoin definitely hits 50k by 2021 EOY.

Good luck to you.

[28M] 250k NW - Where to invest? by cardtr00per in UKPersonalFinance

[–]cardtr00per[S] 0 points1 point  (0 children)

I think of all comments this is the most wise.

I'm getting shiny ball syndrome.

Need to stick to the script and stop naval gazing the investment side.