WLs and crypto

[Fred Flintstone]

I went and saw one of my regular WLs this week. I have a good punter/WL relationship with her since I’ve been seeing her on and off for over six years.

After I popped, we still had some time remaining and had a bit of chit chat. She started telling me about her crypto investments and how much money she was making. She said she studies beforehand and that I should also invest in it. She rattled off a few types of crypto I should check out. I didn’t say anything and just had a little chuckle to myself. If only she knew that crypto is not based on any economic principles apart from greed and naivety.

Is this a modern version of the case of bellhops in New York giving out stock trading tips prior to the 1929 crash?

[rooter]

I went and saw one of my regular WLs this week. I have a good punter/WL relationship with her since I’ve been seeing her on and off for over six years.

After I popped, we still had some time remaining and had a bit of chit chat. She started telling me about her crypto investments and how much money she was making. She said she studies beforehand and that I should also invest in it. She rattled off a few types of crypto I should check out. I didn’t say anything and just had a little chuckle to myself. If only she knew that crypto is not based on any economic principles apart from greed and naivety.

Is this a modern version of the case of bellhops in New York giving out stock trading tips prior to the 1929 crash?

Tell that to all the people that have turned a few hundred dollars into tens or hundreds of thousands of dollars. They will laugh at you!
People who think they are so clever and rational have been saying the Crypto "bubble" will burst for 5 years now. Probably the same smug people who have been saying the property "bubble" will burst for 30 years. And meanwhile "naive and greedy" people have been getting richer and richer.

[cumquat]

ML /WL - it’s a job. There is no correlation between IQ/EQ and job description.

Fred . Maybe open an account and drop a months punt spend in …

Now, if a foxy lady suddenly appears in your WeChat, immediately asking wh-t you do for a job and how she runs a cosmetic business, plays golf and in her spare time likes to play with her investments (crypto inc) and she’s telling you … it’s much easier too communicate in WhatsApp .. chuckle then

https://itbrief.co.nz/story/more-cou...in-2022-expert

[DireStraits]

Tell that to all the people that have turned a few hundred dollars into tens or hundreds of thousands of dollars. They will laugh at you!
People who think they are so clever and rational have been saying the Crypto "bubble" will burst for 5 years now. Probably the same smug people who have been saying the property "bubble" will burst for 30 years. And meanwhile "naive and greedy" people have been getting richer and richer.

But it will burst… we were just wrong about how long it will take! Give it a few more years and it’ll all come crashing down, I promise! 😉

[rooter]

But it will burst… we were just wrong about how long it will take! Give it a few more years and it’ll all come crashing down, I promise! ��

Hahaha! Yep, stay away from those speculative investments.
Keep your money safely in the bank.
If you invest $100,000 in a term deposit you can earn .25% pa.
Wow! That's $250 in one year. That's enough for one punt!

[Sibon]

Hahaha! Yep, stay away from those speculative investments.
Keep your money safely in the bank.
If you invest $100,000 in a term deposit you can earn .25% pa.
Wow! That's $250 in one year. That's enough for one punt!

One punt for one year?

It's better be good. Which girl would you recommend bearing in mind we have not punt in 12 months.

[Berretumkin]

There is no single correct solution. You can invest in currency, real estate, stocks, or other assets. The main thing is that you or your broker is well versed in a particular area. I believed you could only earn money through hard work a few years ago.

[rooter]

oops, repeat post

[Nathan2021]

I went and saw one of my regular WLs this week. I have a good punter/WL relationship with her since I’ve been seeing her on and off for over six years.

After I popped, we still had some time remaining and had a bit of chit chat. She started telling me about her crypto investments and how much money she was making. She said she studies beforehand and that I should also invest in it. She rattled off a few types of crypto I should check out. I didn’t say anything and just had a little chuckle to myself. If only she knew that crypto is not based on any economic principles apart from greed and naivety.

Is this a modern version of the case of bellhops in New York giving out stock trading tips prior to the 1929 crash?

I have been inviting in crypto for past 4yrs. I research the subject daily. Crypto / Blockchain is currently where internet was in 1998.

Over the next 10-15yrs crypto, NFT, Metaverse, gaming, Defi will be a major part of our daily lives.

It’s not for everyone but put time in to learn. There is ALOT of money to be made. It’s made me very financial secure. Hope this helps 🙏🏽

[Fred Flintstone]

Hahaha! Yep, stay away from those speculative investments.
Keep your money safely in the bank.
If you invest $100,000 in a term deposit you can earn .25% pa. Wow! That's $250 in one year. That's enough for one punt!

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year. That’s enough for 120 roots. Get rich slow. Long term you can’t beat the index! People have been trying for 100 years to beat the index, but can’t.

Crypto performance is not based on any economic principles. It’s not backed by anything. It’s all pure speculation. It doesn’t look at any economic data, so no amount of trend analysis is going to help you. The boffins in China that are mining this shit perhaps look at their electricity bill in awe. They probably need some air conditioners to cool down their computers. You may as well speculate on black or red on the roulette wheel. How many mugs have had their crypto accounts drained and “coins” stolen?

So many people running to the support of WLs. Jesus, can’t open me mouth without a pile on. You put them on a pedestal and worship them. Most other forums refer to prostitutes and hookers. Oh but on this forum, you call them WLs as if they are from some saintly, hallowed profession. Sure, we can treat them respectfully and kindly, but don’t mask the name of their profession. Is that to hide your embarrassment or theirs?

One complete fuckwit on this forum even tried to convince me that an RnT masseuse who wanked cocks for a living and full service prostitute were perfect, socially acceptable professions, right up there with doctors and lawyers. When it was suggested that perhaps he could ask his wife/daughter/sister/mother to join that profession, he soon shut up.

[Wok]

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year. That’s enough for 120 roots. Get rich slow. Long term you can’t beat the index! People have been trying for 100 years to beat the index, but can’t.

Do you have experience with Vanguard?
Would you recommend them?
Are they ETFs or managed funds?

Thanks in advance.

[Ziggurat]

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year.

Do you have a link to that figure? It sounds:

a) untrue

b) wildly exaggerated

and therefore,

c) both of the above

[TheHonDominicPinochet]

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year. That’s enough for 120 roots. Get rich slow. Long term you can’t beat the index! People have been trying for 100 years to beat the index, but can’t.

Crypto performance is not based on any economic principles. It’s not backed by anything. It’s all pure speculation. It doesn’t look at any economic data, so no amount of trend analysis is going to help you. The boffins in China that are mining this shit perhaps look at their electricity bill in awe. They probably need some air conditioners to cool down their computers. You may as well speculate on black or red on the roulette wheel. How many mugs have had their crypto accounts drained and “coins” stolen?

So many people running to the support of WLs. Jesus, can’t open me mouth without a pile on. You put them on a pedestal and worship them. Most other forums refer to prostitutes and hookers. Oh but on this forum, you call them WLs as if they are from some saintly, hallowed profession. Sure, we can treat them respectfully and kindly, but don’t mask the name of their profession. Is that to hide your embarrassment or theirs?

One complete fuckwit on this forum even tried to convince me that an RnT masseuse who wanked cocks for a living and full service prostitute were perfect, socially acceptable professions, right up there with doctors and lawyers. When it was suggested that perhaps he could ask his wife/daughter/sister/mother to join that profession, he soon shut up.

It's pretty obvious that the only respect you have for women is whether you want to fuck them or not. And even then your underlying disdain is obvious.
Almost like you're from the stone age!

[Fred Flintstone]

It's pretty obvious that the only respect you have for women is whether you want to fuck them or not. And even then your underlying disdain is obvious.
Almost like you're from the stone age!

With a measly four posts to your name, and without ever having met me, you are not in a position to pass judgement.

[TheHonDominicPinochet]

With a measly four posts to your name, and without ever having met me, you are not in a position to pass judgement.

And yet here we are...

[Climax598]

If the WL is make excellent investment on crypto why is she still being fuck by punters and work long hours.

[cuteguy]

If the WL is make excellent investment on crypto why is she still being fuck by punters and work long hours.

She's got to invest her money somewhere. If she's an Aussie citizen, she might attract the attention of the ATO if she is depositing money into her bank account and not declaring any income. On the other hand, she might have an interest in making money to safeguard her future. WLs don't tend to work till age pension age.

[Fred Flintstone]

Do you have experience with Vanguard?
Would you recommend them?
Are they ETFs or managed funds?

Thanks in advance.

Yes, Vanguard specializes in low cost, index managed funds. They also have EFTs. Next year they are entering the superannuation business in Australia. They try to match the index without unnecessary churn. I am heavily invested in Vanguard and have been for 20 years.

Over the past 120 years, you will note that both property and shares have averaged returns in the 10-12% range. For property that includes capital growth and rent. For shares that includes capital growth and dividends

[Fred Flintstone]

Do you have a link to that figure? It sounds:

a) untrue

b) wildly exaggerated

and therefore,

c) both of the above

Glad to help Sir. The one year return on Aussie index funds with Vanguard was 30.2%. The return in US shares was 29.1%. Even my fuckin’ Union controlled industry super fund got 30% return. If you’re not getting that, then you’re the mug here.

Download the chart and see for yourself:

https://www.vanguard.com.au/adviser/en/index-chart

[zakthekat]

Crypto is just Multilevel marketing without the door to door sales. Its all referrals and promoting your friends to buy in too.