Thread

Use 5% of the stack as collateral for a loan on strike. Use half the cash for spending and the other half yo buy more bitcoin. Repeat each year..

Strike doesn’t work in South Africa chap…

He could... Work a job...

Bitcoin doesn't do that without counterparty risk. But if you do want to increase your risk, then you can do DeFi lending using various platforms. I suggest DYOR for your best local platform(s).

Ha ha he has $500 000 he wants to invest for some monthly income ? My post was very vague.. he works but wants to slow down and travel… no kids or wife..

No so he doesn’t wanna do this - he has a large stack relative but has some spare cash and wants to invest and live off the monthly dividends.. he is older so wants to chill and enjoy the fruits of his labor.

Ah, he wants to invest fiat! Understood. Apart from buy Bitcoin because we are in a bullrun, I was a professional fiat investor until the pandemic. I'm now all in on Bitcoin and I HODL. That's my perspective. I never invested for the short term, even in the fiat world. Maybe buy some properties and get tenants.

Properties in my opinion is terrible - illiquid and dealing with people is useless.. he has a stack but wants some “passive” income to travel and chill..

I agree about properties, but you excluded Bitcoin, I presume he doesn't want to buy gold and wants an income, so I suggested a shitty thing 😂 Share dividends are unreliable and shittier than property. If you want to avoid shitty things, stick with Bitcoin. My suggestion, wait till the peak of the bull market, take profit, buy back at the bottom of the bear market. But if you want passive income, watch YouTube videos, watch all the passive income shills, try them, fail and then stick with Bitcoin.

Your guy is a dual citizen thats why I mentioned it. What about trading covered calls?

I agree - and at my age I would definitely buy and hold but at his age he wants a monthly income to cover expenses.. We can’t borrow against BTC and all that jazzz.. Property here is fucked and having property in usa living in South Africa is a receipt for disaster!

Oh sorry - thought you were referring to me.. the dude is also very slow on technology.. he had his entire BTC stack on an exchange and it wasn’t small in BTC terms so baby steps! I’ve said he must investigate Vanguard for now

My suggestion, spend Bitcoin, take profit at the peak, buy back at the bottom. Stop f***ng around with other stuff.

The dude doesn’t know how to do this… he has a big stack already in cold storage