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Forum » Made over a quarter million this year. Wut do? srs
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Thread: Made over a quarter million this year. Wut do? srs

post 1506845821 06-02-2017, 12:08 AM
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#61
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Invest in some brokerage boyo! And travel too
post 1506846321 06-02-2017, 12:14 AM
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You need to find an accountant to help you. It can be expensive but it will be 100% worth it.
post 1506846641 06-02-2017, 12:19 AM
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Originally Posted By Parkerscott⏩
I dont think you understand what you just said lol
yes, you need to sell in order to realize your profits, and a great time to sell is after a huge upswing, but the upswing has only begun, which is why i said what i did.
post 1506846831 06-02-2017, 12:23 AM
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Fukin lol @ modern USA. A guy makes a ton of money and rather than being happy, he has to worry about getting raped via taxes. Just lol.
post 1506847941 06-02-2017, 12:44 AM
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Originally Posted By Swood94⏩
Fukin lol @ modern USA. A guy makes a ton of money and rather than being happy, he has to worry about getting raped via taxes. Just lol.
this lol. taxes of peace. "but you have to pay for military service etc, and you need to pay your fair share" doesnt everyone else use the same resources i do. rip in peace to my life.
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post 1506848241 06-02-2017, 12:47 AM
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One of the rare instances where I'd recommend going to reddit for advice.

The financialadvice subreddit can give some really solid information for free.
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post 1506848401 06-02-2017, 12:49 AM
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Originally Posted By poland144⏩
One of the rare instances where I'd recommend going to reddit for advice.

The financialadvice subreddit can give some really solid information for free.
lol i went there and those jelly *******s downvoted me really hard srs. Probably going to go to thefastlaneforum
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post 1506848471 06-02-2017, 12:50 AM
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Originally Posted By Parkerscott⏩
Im a low wage security guard cuck, and I made over a quarter million this year in short term capital gains. Tax season is going to be really, really brutal.

Wut can I do to reduce my taxes, and what should I be doing with my money?

I heard that i can put about 5k in a traditional IRA and then when i buy a house I can pull 10k out under a hardship provision.

Are there any more things similar to this? Where should I diversify my investments? Index funds look good but market is lookin spook.

Im going to pay my taxes instead of leaving the country btw. Feel sick just thinking about how im going to pay more in taxes than i earn in two years.

inb4 "pay your fair share of taxes"
Get a good tax accountant
post 1506848531 06-02-2017, 12:51 AM
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start dollar cost averaging into dividend stocks for double compounding interest
post 1506849231 06-02-2017, 01:12 AM
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Originally Posted By goodcupcakes⏩
How did you hear about Ethereum when it was so low?
I bought 30 like a year and a half ago at 3-5$... sold it all like a RAHTARD when it was at like 30 or some ****. back in now though and not selling until im rich or broke.

but there were definitely threads on here about it at that time.
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post 1506849531 06-02-2017, 01:21 AM
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Originally Posted By Parkerscott⏩
not 100% sure how it works but i think i will have to consult with a few professionals
The basics is a put is an option. You are paying money to purchase this option. A put is like a deal to sell your equity at a predetermined price.

Example: I own a share of ABC that is currently trading at 100 dollars. I pay 2 dollars to purchase a put at 100. If the value of ABC goes to 102, I do not exercise my put and I break even (2 dollars from the stock appreciationg minus the 2 dollars I paid for the put). Anything over 102, I make money but less than I would have otherwise. In the event the ABC drops to 98 dollars, I exercise my put and sell a stock worth 98 dollars for 100 dollars.
Originally Posted By Bentley41⏩
start dollar cost averaging into dividend stocks for double compounding interest
This makes no sense.
post 1506851751 06-02-2017, 02:18 AM
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Originally Posted By Parkerscott⏩
Believe whatever you want. I came here looking for advice not a bunch of flak from some jelly low iq *******.
Why in the world would you come here for serous financial advice you fuking idiot? You just proved your dumb security guard a$$ has no business having that kind of money.
post 1506854351 06-02-2017, 03:31 AM
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Originally Posted By saiyar1⏩
Why in the world would you come here for serous financial advice you fuking idiot? You just proved your dumb security guard a$$ has no business having that kind of money.
lol u are so mad. There are plenty of legit millionaires on the misc
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post 1506854701 06-02-2017, 03:37 AM
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dont you have to pay property tax on crypto gains in the US?
post 1506863591 06-02-2017, 06:36 AM
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Originally Posted By Reli25⏩
I bought 30 like a year and a half ago at 3-5$... sold it all like a RAHTARD when it was at like 30 or some ****. back in now though and not selling until im rich or broke.

but there were definitely threads on here about it at that time.
Sucks you sold so low. I've bought and sold cryptos along with misc advice before and done well and been burned. Anyone remember like 3 years that absolutely ******* touting XC coin? That chit went down in flames. Trading crypto you're dealing with a ton of people who are barely on the right side of the law. When entire exchanges can routinely disappear and take your coins with them (MT Gox, Mintpal) it's sketchy at best and playing russian roulette with 5 chambers loaded at worst. Imagine the NY Stock Exchange just up and disappearing one night.

While this coin seems good on the surface there was already a hack that lost millions of its coins (which is also routine fare for every coin out there). And you can bet there are whales who are straight up plotting to crash the coin and either buy it back all cheap and forever ruin it into obscurity and eventual delisting (which happens a ton).
post 1506865351 06-02-2017, 06:57 AM
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Originally Posted By Parkerscott⏩
Believe whatever you want. I came here looking for advice not a bunch of flak from some jelly low iq *******.
lmao, you are a low IQ wagecuck. You just got lucky is all.

The proof is you invested a lot of money (for your wagecuck ass) in something very speculutive, you got uber lucky. Your sample size is 1, 1 punt, yippee ******* your number came up on the roulette wheel

Whether you can do this long term and consisently I highly highly doubt it - you wanna know why?

You are asking on the fn misc for tax advice, go drop a few grand on a good accountant, it will be worth it.




and don't forget you are nothing but a wage cuck lottery winner, the game happens to be cryptocurrencies.
post 1506868581 06-02-2017, 07:38 AM
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Originally Posted By Gizzyhardcore⏩
lmao, you are a low IQ wagecuck. You just got lucky is all.

The proof is you invested a lot of money (for your wagecuck ass) in something very speculutive, you got uber lucky. Your sample size is 1, 1 punt, yippee ******* your number came up on the roulette wheel

Whether you can do this long term and consisently I highly highly doubt it - you wanna know why?

You are asking on the fn misc for tax advice, go drop a few grand on a good accountant, it will be worth it.




and don't forget you are nothing but a wage cuck lottery winner, the game happens to be cryptocurrencies.
lol seething poorcel detected. I didn't get lucky you *******. Sorry you are too low of an iq to understand the technology. Also lol at being 40, and acting like I should know all about taxes. Im 23, and have never had to deal with taxes like this. At 23 you were probably still trying to figure out how to read picture books.
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post 1506868831 06-02-2017, 07:41 AM
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#78
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Originally Posted By Gizzyhardcore⏩
lmao, you are a low IQ wagecuck. You just got lucky is all.

The proof is you invested a lot of money (for your wagecuck ass) in something very speculutive, you got uber lucky. Your sample size is 1, 1 punt, yippee ******* your number came up on the roulette wheel

Whether you can do this long term and consisently I highly highly doubt it - you wanna know why?

You are asking on the fn misc for tax advice, go drop a few grand on a good accountant, it will be worth it.




and don't forget you are nothing but a wage cuck lottery winner, the game happens to be cryptocurrencies.
u sound bitter bro

be better, not bitter, u look like butter btw
post 1506869131 06-02-2017, 07:44 AM
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#79
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Originally Posted By Gizzyhardcore⏩
lmao, you are a low IQ wagecuck. You just got lucky is all.

The proof is you invested a lot of money (for your wagecuck ass) in something very speculutive, you got uber lucky. Your sample size is 1, 1 punt, yippee ******* your number came up on the roulette wheel

Whether you can do this long term and consisently I highly highly doubt it - you wanna know why?

You are asking on the fn misc for tax advice, go drop a few grand on a good accountant, it will be worth it.

and don't forget you are nothing but a wage cuck lottery winner, the game happens to be cryptocurrencies.
It's easy to spot the nocoiners from up here on the moon
post 1506869481 06-02-2017, 07:48 AM
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Originally Posted By axiom15⏩
It's easy to spot the nocoiners from up here on the moon
First they ignore you, then they laugh at you, then they fight you, then you win. - John Wilkes Booth
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post 1506871111 06-02-2017, 08:07 AM
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op are u srs?
u really made that much from eth?
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post 1506871901 06-02-2017, 08:14 AM
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Originally Posted By Nicklol⏩
op are u srs?
u really made that much from eth?
Had more than that at one point srs. Im still involved with crypto. Just got my ethereum node set up. Will probably buy some more eth here soon on the new credit cards im about to apply for. Trying to get out of the rotter life.
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post 1506872221 06-02-2017, 08:17 AM
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Originally Posted By Parkerscott⏩
Had more than that at one point srs. Im still involved with crypto. Just got my ethereum node set up. Will probably buy some more eth here soon on the new credit cards im about to apply for. Trying to get out of the rotter life.
Which ones did you end up going for M8? My latest was the chase Sapphire reserve
post 1506872591 06-02-2017, 08:22 AM
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Originally Posted By axiom15⏩
Which ones did you end up going for M8? My latest was the chase Sapphire reserve
I have churned through csp,csr, and the freedom line. Next im doing some of the BOA cards and then maybe i will move on to Amex. I will have a good amount of working capital so maybe I can get into some pretty hefty manufactured spending. There are also deals where you can rent credit lines on your cards after you have held them for a year or two allegedly. Probably going to buy a house, and rent out the rooms to roomates and go back to school. I think I have the tools to leave rot life behind now
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post 1506873291 06-02-2017, 08:29 AM
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#85
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Originally Posted By muscle
Not jelly. I'll be making that $250k yearly at minimum in a couple years while you're still rolling around walmart on your segway. Proof you bought and held ETH at $7?

And if true, it's the equivalent of a peasant winning a small lottery. Chances are you're going to be worse off 10 years out than you are now, you low IQ pleb
Lmao, you sound like such a fuking little prick.
How dare you!

Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner.

LTC
post 1506873371 06-02-2017, 08:30 AM
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Originally Posted By Parkerscott⏩
I have churned through csp,csr, and the freedom line. Next im doing some of the BOA cards and then maybe i will move on to Amex. I will have a good amount of working capital so maybe I can get into some pretty hefty manufactured spending. There are also deals where you can rent credit lines on your cards after you have held them for a year or two allegedly. Probably going to buy a house, and rent out the rooms to roomates and go back to school. I think I have the tools to leave rot life behind now
Noice, yeah BOA seems like a solid second step. Had no idea about the credit lines though. For sure get a house, maybe even a duplex and stay there while you attend schooling. Buying land and rental properties is definitely the way to go imo

I'm backwards here lol, already went to school, etc. Have high paying job. Just need to make it with cyrpto now and I'll be sweet. Will be pumping $1-2k/month into it until I do
post 1506873491 06-02-2017, 08:30 AM
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#87
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mirin OP. I'm still holding on to my ETH. However, I did not buy in early like you.

Good luck on your taxes
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post 1506874881 06-02-2017, 08:46 AM
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Originally Posted By axiom15⏩
Noice, yeah BOA seems like a solid second step. Had no idea about the credit lines though. For sure get a house, maybe even a duplex and stay there while you attend schooling. Buying land and rental properties is definitely the way to go imo

I'm backwards here lol, already went to school, etc. Have high paying job. Just need to make it with cyrpto now and I'll be sweet. Will be pumping $1-2k/month into it until I do
Yeah there are plenty of cards left and i can funnel all the cash in and out of coinbase rather quickly to meet the bonuses. I think crypto is going to continue to raise in price, but i think we might go through a bear period here shortly. A lot of these assets are overbought, and I dont think there is going to be enough news to propel them forward over the next several weeks. Timing the market is pretty hard though. You sound like you are pretty set up though so crypto gains are going to take you to the next level. If I were in your position I would diversify between eth and some of the erc20 tokens and hopefully one of them takes off hard. Eth could go to the moon but some of those icos could go a lot higher in terms of potential gains.
Originally Posted By eternalone423⏩
mirin OP. I'm still holding on to my ETH. However, I did not buy in early like you.

Good luck on your taxes
ty men. I was really bummed that I sold because i was just a few months away. If we go through a bear period though then it might just be an awesome move. hold=gold. Didnt sell a single eth from $7 to $225. I had a lot on the line though so it was really really nerve racking. Constantly worried about fat fingering an address etc
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post 1506877251 06-02-2017, 09:07 AM
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Originally Posted By muscle
This happened..

Security guards have some of the lowest IQs in the professional world
I worked in the security field, I now work in IT among others ventures and my brain is barely being more engaged. Did a security guard do something to you? One day I won't have to work and I may pick something casual that has more social interaction, it would be funny for you to place judgement not knowing that persons full history. Redirect your senseless judgement to people who DON'T work when they have the ability to. It's pathetic how so much of this section looks down on people who are actually working. You're supposed to be encouraging people to contribute to society.
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post 1506877741 06-02-2017, 09:11 AM
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Originally Posted By EoR⏩
I worked in the security field, I now work in IT among others ventures and my brain is barely being more engaged. Did a security guard do something to you?
Sounds like it lol. I make more money being a security guard than I would being middle management at a local bank branch. On top of that I have plenty of down time to read and learn, and all of my meals are provided for. He sounds like a super jelly *******. Always lol when people say "I will be making 180k in 5 years"
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