Anons, I don't like counting my chickens before they hatch, but lets assume Link fulfills its goal and many of us are multimillionaires. What the fuck do you do with 10 mil chilling in a wallet? Just deposit to your bank and wait for them to call? Private banking? Safest investments to preserve wealth? Before you say DYOR, I ask this because I am assuming there are major investment differences between a multimillionaire and me right now making 75k a year wageslaving. And its not like this info is readily available since such a small amount of people come into sudden wealth.
Again, I think we should all be prepared for any scenario to set ourselves up in the best way possible.
I'll spend 10 million developing and releasing an airborne genophage that turns all women into sex hungry titcows. No bank required for that.
I'll live off the interview fees and offerings made by grateful men.
Matthew Lewis
Talk to a private bank /thread
Charles Anderson
>just deposit to your bank and wait for them to call? you got it, call an accountant specialized in crypto for bonus points
Brody Wood
Just pay your taxes and I assume there will be no problems. I'm gonna cash out 1 million, put half into an index fund for divvies and just travel and play with the rest of the 500k for a few years. I'll always keep at least 1k links though, I'll never sell all of them.
Gavin Moore
>10 mill 1 mill to have an architect design and build a small to medium, self-sustaining eco-friendly house to cut down on long term costs 6 mill in low risk nvestments 1.5 mill in high risk investment 1.5 mill as living money for a few years while I wait for investments to mature
Hold the Link and live off staking gains, don't you believe in the technology?
Jackson Campbell
I would start doing your own research. There are will TONS of opportunities within crypto to accrue safe interest or dividends by then(they are already starting to pop up). Things like DMM at a flat 6.25APR, Crypto.com, LINK staking, and liquidity pools you won't ever want to nor need to withdraw all of your gains. Unless you want to make incredibly large purchases upfront or you want the secure feeling of having actually cashed out a couple million right away there is no point. I'd call your bank ahead of time before you deposit an amount over 4 figures so they don't flag it or something. The most I can even withdraw daily is 50,000 USD so It would take me a little while to reach 2 million. I'd also talk to or hire a professional prior to any deposits into your bank to ensure a smooth process.
Isaiah Baker
Portfolio manager for HNW private individuals here. Let me chime in. I work for a top 50 wealth management company in the US, connected to a top 10 bank (for smoothbrains those are measured by assets under management). We are a fiduciary. We only invest in stocks, bonds, occasionally real estate/timber on an individual basis, and possibly some other stuff on a one off basis. We cannot invest in crypto and realistically will never recommend precious metals (the only vehicle through which we could invest would be an ETF anyway). We do help people manage generational wealth, and help people manage their retirement. Historically, if you were invested in the US stock market (and you can diversify into total world stock market), you could withdraw ~3.5% of your investment per year perpetually and never deplete it ever. That said, I'd go more conservative and do 3% just to make sure you never run out. Obviously when you cash out you'll pay your taxes, so let's say you end up with 5mil. Here's what I will do with it. 1mil in crypto (70% LINK, some Eth, BTC, limit less than $50k to moonshots/shitcoins) 1m in real estate/land. the more you can get lots of farm/hunting land the better, and if you can diversify outside of major cities even better. Something like appalachian area would be great for a house, maybe even something small outside the country cause the US is going to shit 1.5m in traditional investments (probably 80/20 stocks/bonds at this point. could throw it all in VTI and call it a day, that'd be about as good as we do honestly). you could withdraw $45k from this every year and never worry. that's enough to live relatively comfy 1.5m in gold and precious metals and gold mining stocks (a la peter schiff's strategy, in case shit hits the fan) I'd keep at least 3 years expenses on hand in cash, and tons of ammo/weapons/food/preps just to live comfy if shit does hit the fan. b/w that and schiff's end of world strategy, you literally will never worry about money again
Asher Morales
thanks anons. honestly daydreaming and reading about the percentage of lottery winner thst fuck it all up, but im assuming the demographic that pays the lottery is not very responsible in the first place
