52 Weeks Savings Challenge (2024 Edition)

[アミーゴ]

I dunno I'm still skeptical of crypto. I'll ask my financial advisor what he thinks.

Who do you use? Just use antidope he's a WM dude

 

[deusavertat]

He said no more than 5% of my portfolio should go into crypto. Sounds about right. It seems to volatile.

 

[アミーゴ]

He said no more than 5% of my portfolio should go into crypto. Sounds about right. It seems to volatile.

Again, who do you use? If you are sitting on 100k of powder you need a new person immediately

 

[deusavertat]

I'm sitting on 100k because I hoarde money because I'm so afraid to lose it to bad investments. Too many stories of people losing money including family members.

I use a guy at prudential.

 

[アミーゴ]

Why not just put it in the S&P 500 then? You are familiar with that?

 

[antidope]

He said no more than 5% of my portfolio should go into crypto. Sounds about right. It seems to volatile.

5% feels right. I'm very anti cash in general for myself and anyone who's still in the wealth accumulation stage.

 

[deusavertat]

Why not just put it in the S&P 500 then? You are familiar with that?

I am. I already have about 50000 invested in some low to medium risk stocks.

 

[deusavertat]

I'll probably just keep playing it safe with bonds and Lower risk investments. I'll do about 5000 in bitcoin and see where that takes me.

 

[アミーゴ]

5% feels right. I'm very anti cash in general for myself and anyone who's still in the wealth accumulation stage.

See ya on the moon

 

[deusavertat]

What about gold?

 

[アミーゴ]

What about gold?

That’s 7% of my portfolio

 

[antidope]

I don't see the use case for holding any gold at all.

 

[antidope]

That’s 7% of my portfolio

But why

 

[アミーゴ]

But why

Got gold bars handed down to me from gpa I ain’t selling - I’ll hand them down someday

 

[antidope]

Got gold bars handed down to me from gpa I ain’t selling

Ahhh. But you don't pay storage costs right? You just keep them in your house?

 

[アミーゴ]

Ahhh. But you don't pay storage costs right? You just keep them in your house?

No storage fees - keep it with a bunch of other stuff including watches, sports memorabilia too.

 

[willypete]

No storage fees - keep it with a bunch of other stuff including watches, sports memorabilia too.

 

[deusavertat]

So I told my advisor to put 50000 into s&p500, use about 10000 for higher risk stuff then putting like 5000 into bitcoin.


Keeping the rest in my savings. I still need to finish my basement

 

[f sharp005]

Week 7 done

 

[minus28]

Welp. I have 7 weeks to catch up and then some…

 

[f sharp005]

Week 8 done

 

[f sharp005]

Week 9 done

 

[rbk93]

I guess I'll be in for a custom challenge. Just save a percentage of my paycheck/tips whenever I cash out on the day to day.

 

[f sharp005]

Week 10 done

 

[f sharp005]

Week 11 done