Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Buying a house in cash is a waste of equity. Think bigger!
What about paying off an existing mortgage with free BCash, investing over $2M in a managed portfolio for the next 20 years, and retiring early ?
As I said to the last person, if that financial situation is good enough for you, so be it. It just seems like the general consensus from Bitcoin "investors" here is that retiring is more interesting than the game of investing itself. I guess I just have a different outlook on things. I personally would never retire early with just two million.
You seem to be attempting to impose too much of your personal judgement on other folks, because there certainly is no one right way, and frequently, especially for more sophisticated investors, they have several assets that are likely not to be exactly correlated to one another, including sometimes decent ideas that involve putting cash directly into some asset rather than some of the complications that might involve borrowing and/or "working" your money.
Furthermore, it is quite likely that the passive income that Bob is locked into making on his $2million managed portfolio is quite a bit less than 1/3 of his total wealth... If we take him at his word (and various representations), $2million seems to be less than 1/3 of just his crypto wealth without considering other assets that he seems to have and income that he may well be earning from other sources....