Little brother gave me $40k to trade a couple years ago, I turned it into $150k. He has blocked me for over a year now on all social platforms and we don't live in the same country. Should I return the principal, some profits, nothing or just wait to see if he ever recontacts me?
>>33733155Only is he asks, otherwise don't worry about it.
>>33733155Lying is a sin. Repent. For His Kingdom is near.
>>33733155Keep like 50k aside just in case he comes looking for it and keep the profits for yourself. This guy has blocked you from contact you don't owe him anything.
>>33733155Return the principal plus 5% a year for the loan
>>33733155> I turned it into $150kIf you haven’t sold it yet you have not made shit. Anyway larp, never happened. But try to reach out (really try, letters and shit, phoning around) and give him 50k.
>>33733155Return 44k
>>33733155How'd you manage to turn it to $150k? I want to try and get into trading a bit.
>>33733155return the initial sum and if inflation has done a number in your country maybe a couple thousand more, but that's it, don't give him any profits unless he entrusted that money to you as an investment and not a gift
Try to contact him cus he's family.Return the initial plus inflation plus a bit extra for missing his birthday last year
>>33736620by having shit risk management
>>33733155If I absolutely knew I didn't need it and had it to where I could give it back I would just to make him feel like the shit person he is.
>>33733155>Little brother gave me $40k to trade a couple years ago, I turned it into $150k. He has blocked me for over a year now on all social platforms and we don't live in the same country. Should I return the principal, some profits, nothing or just wait to see if he ever recontacts me?You could give it to him, that'd be the right thing to do. Or you could do the fun thing and give it to me instead; you'd probably save a life.
What was the agreement made when he gave you the 40k? You would invest it for him and return all the profits at a later date?
>>33733155Keep on doing whatever you want to do, just make sure you save 40k + the inflation adjustment at all times and never go below that, so if he ever contacts you again or worse, start legal action to take away your money, you can pay EXACTLY what you owe him: his moneyHe could find a way to legally request money from you but I don't see how he would have legal grounds to take more than 40k + inflation adjustment, which is the money you've basically held for him
I would consider returning it + profits because that is the thing that will cause less harm to the relationship.But it would be hard admittedly.How did you do it?
>>33734394It's just sitting in USDC on coinbase collecting minimal yield. I don't have his address and we don't share mutuals.>>33736620 Gold and Bitcoin on a little bit of leverage into spot holdings.>>33737204 There was no agreement, he just told me I could trade with it and I said it could go to zero or I could make a bit. Got a bit lucky.Tbh he's been a pretty awful brother all around and I kind of want to just keep all of it until he re-contacts me but maybe he's just forgotten about it. I think most normal people wouldn't block someone let a lone a brother if they held $40k of their money. Idk if this matters but the $40k was never really something he earned but just what he saved on neetbux.
>>33739877>> Gold and Bitcoin on a little bit of leverage into spot holdingsAppreciate the response. Not sure something I'm comfortable attempting to replicate though. We'll see.
>>33740365Dude, I been doing bitcoin for three years. I bought a house and still have all the money I started with plus enough for an SUV. Not nearly as good as OP but it is difficult to fail unless you dick around and pay too many fidget fees.
>>33740785I got lucky with SHIBA Inu once and turned $100 into $100k. I pulled most out and put it into a money market for my 6 mo emergency money. I gambled like $20k of it on other crypto and basically lost it all, proving it was a one time thing.
>>33740827Investing should be treated differently from gambling so you do not need to rely on luck. Not that it doesn’t work. Precisely why the disclaimer about goofing with fees. A consistent schedule averages out the price. Congrats on the shiba but that’s one of the things too. People looking for the next big flavour of the week as opposed to sticking with performance history. Meme coins are just that but BTC is obvious a creation to combat inflation by manipulating the market with freedom. Surely it was created by the CIA and there will be a rug pull but, when and on who? You got that money market linked to a brokerage account? Index funds are the safe way to snowball wealth. You seem rich enough but this is good for the lurkers. It was a 4channer on /adv/ that motivated me.
>>33740865Thanks for the candid conversation. I don't get this often. >You got that money market linked to a brokerage account?I don't, no. That money market represents my 6 (now 12) month emergency fund if I ever lose my job. It's with Chase. 3.6% APY. Modest, but it combats inflation and can be liquidated in one business day. I'll probably keep it for a while at 12 because I work in tech. My employer nearly bankrupted last year with the SVB bank collapsing. None of my tech friends can find jobs. I do well for myself but I always worry about the future. I grew up dirt poor. Like, no power in winter poor in the USA. I make $165k now. I max my IRA and 401k each year. I have a brokerage with $20k worth of gold related stocks. I own a house with a 3.3% mortgage. Just turned 31 this year.In the grand scheme of things I'm doing well, but I always want to do better.I'm getting a bonus this year. My goal is to throw a bunch of that into index funds in a brokerage. I may set aside $500 for self managed stock trades and $500 for crypto memecoins. My goal isn't to lose money obviously but a little bit to prove myself whether I can or can't "day trade". If I lose it, I lose it. And I can remind myself that I should just throw excess capital into index funds.
