111000@reddthat.com to Lemmy Be Wholesome@lemmy.world · 10 months agoUnlimited moneyreddthat.comimagemessage-square113fedilinkarrow-up1693arrow-down126
arrow-up1667arrow-down1imageUnlimited moneyreddthat.com111000@reddthat.com to Lemmy Be Wholesome@lemmy.world · 10 months agomessage-square113fedilink
minus-squareTja@programming.devlinkfedilinkarrow-up28arrow-down1·10 months 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-up13arrow-down1·10 months agoBuying various crypto without crashing the market would be the best bet.
minus-squareCaptnNMorgan@reddthat.comlinkfedilinkarrow-up5·10 months agoWhat about stocks? Couldn’t you load millions into various companies and cash out the next day?
minus-squareAnarchistsForDemocracy@lemmy.worldlinkfedilinkarrow-up4·10 months agoWhy would you even cash out at that point? just keep the stocks.
minus-squareCaptnNMorgan@reddthat.comlinkfedilinkarrow-up3·10 months agoBecause I’m not smart enough to buy groceries with stocks
minus-squareAnarchistsForDemocracy@lemmy.worldlinkfedilinkarrow-up1·10 months agoAnd I’m not smart enough to know I’m not smart enough: Micro loans with the stock as collateral
minus-squareTja@programming.devlinkfedilinkarrow-up1·10 months 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-squareadmin@sh.itjust.workslinkfedilinkarrow-up1·10 months 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.
minus-squarehglman@lemmy.mllinkfedilinkEnglisharrow-up1·10 months agoYou need to transfer money into something you can liquidate in the future.
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
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 :)
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.
You need to transfer money into something you can liquidate in the future.