111000@reddthat.com to Lemmy Be Wholesome@lemmy.world · 2 years agoUnlimited moneyreddthat.comimagemessage-square128linkfedilinkarrow-up1890arrow-down127
arrow-up1863arrow-down1imageUnlimited moneyreddthat.com111000@reddthat.com to Lemmy Be Wholesome@lemmy.world · 2 years agomessage-square128linkfedilink
minus-squareTja@programming.devlinkfedilinkarrow-up35arrow-down2·2 years agoAlmost nobody in this thread is aware of the limitations that 24h pose. Forget real estate needs weeks, even cash. Anything bigger than 10k probably needs a few days notice. I have like a 600 euros a day limit on my cards. Buying bitcoin could be a good idea, lottery tickets or gold.
minus-squaresheogorath@lemmy.worldlinkfedilinkarrow-up13·2 years agoBuying various crypto without crashing the market would be the best bet.
minus-squareCaptnNMorgan@reddthat.comlinkfedilinkarrow-up6·2 years agoWhat about stocks? Couldn’t you load millions into various companies and cash out the next day?
minus-squareAnarchistsForDemocracy@lemmy.worldlinkfedilinkarrow-up4·2 years agoWhy would you even cash out at that point? just keep the stocks.
minus-squareCaptnNMorgan@reddthat.comlinkfedilinkarrow-up4·2 years agoBecause I’m not smart enough to buy groceries with stocks
minus-squareAnarchistsForDemocracy@lemmy.worldlinkfedilinkarrow-up1·2 years agoAnd I’m not smart enough to know I’m not smart enough: Micro loans with the stock as collateral
minus-squareCaptnNMorgan@reddthat.comlinkfedilinkarrow-up2·2 years agoHow do you pay those micro loans off if you don’t ever cash anything out?
minus-squareshottymcb@lemm.eelinkfedilinkarrow-up2·2 years agoYou just take out another loan to pay off that loan.
minus-squareTja@programming.devlinkfedilinkarrow-up2·2 years agoDepends on the broker, usually you have to transfer the money in advance… If you can buy them directly from your bank that would be a great strategy :)
minus-squarehglman@lemmy.mllinkfedilinkEnglisharrow-up3·2 years agoYou need to transfer money into something you can liquidate in the future.
minus-squareadmin@sh.itjust.workslinkfedilinkarrow-up1·2 years agoAlso I’m surprised nobody has commented to do a wire transfer into a business account which has less limitations than a simple human mortal account.
Almost nobody in this thread is aware of the limitations that 24h pose.
Forget real estate needs weeks, even cash. Anything bigger than 10k probably needs a few days notice. I have like a 600 euros a day limit on my cards.
Buying bitcoin could be a good idea, lottery tickets or gold.
Buying various crypto without crashing the market would be the best bet.
What about stocks? Couldn’t you load millions into various companies and cash out the next day?
Why would you even cash out at that point? just keep the stocks.
Because I’m not smart enough to buy groceries with stocks
And I’m not smart enough to know I’m not smart enough: Micro loans with the stock as collateral
How do you pay those micro loans off if you don’t ever cash anything out?
You just take out another loan to pay off that loan.
Smart
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Depends on the broker, usually you have to transfer the money in advance…
If you can buy them directly from your bank that would be a great strategy :)
You need to transfer money into something you can liquidate in the future.
Also I’m surprised nobody has commented to do a wire transfer into a business account which has less limitations than a simple human mortal account.