๐Ÿ’ฐ $1500 Profit in 1 week / Seeking Ideas, advice from SAVAGES !

I got lucky. Invested $3000 in Polygon crypto a couple of weeks back. I got lucky. It kept rising. Is still rising. I just got lucky. I've cashed all of it out. Like minutes back.


I'm happy with the 50% profit ($1500) I made in 10 days. No regrets. even if it doubles from here (I mean, I will feel bad, but that's ok).


I want to FEEL happy about this win. This profit. And not want to double or triple or 10X it. Maybe someday. Not today,


Question to the WR: Where do I spend the $1500 profit?


Here's what I don't want to do:

  • Put it in stocks / mutual funds / gold / other financial assets
  • Put it back in crypto


I'd rather want to:

  • Either buy something tangible which keeps reminding me to take such risks in life every once in a while
  • Or, invest it in a boring business - like a vending machine or sth
  • Or, some other crazy memorable idea


I'll end this with the age-old, classing prospecting CTA:


Savages, any thoughts?

๐Ÿฑ Off-Topic
๐Ÿ’ต Finance
๐Ÿ’Ž Cryptocurrency
16
Pachacuti
Politicker
4
They call me Daddy, Sales Daddy
Hookers and blow?

Seriously Iโ€™d either lay down a debt or save for either a rainy day or a splurge.
jefe
Arsonist
4
Head of Sales
I'd say save it or buy some kind of accessory that will last awhile. I'd want to spend more on a watch, likely, but you can still find some real nice ones at that price point.

Cufflinks, if you'll have the opportunity to wear them? Maybe a dope ass wallet? Not sure about you, but personally I like fancy shit that'll last.
Gasty
WR Colonel
3
Community Manager [War Room]
Wallet, of course ! Cufflinks, I barely go out. But wallet for sure ! Thanks mate
jefe
Arsonist
3
Head of Sales
Leather goods are one of the things that I think are worth the splurge - a nice wallet properly made in Italy can last a long time, plus you'll feel baller when you pay for things which is nice.
jefe
Arsonist
1
Head of Sales
Nice! Happy to help.

What are you thinking?
cashmachine
Politicker
1
AE (Account Executive)
currently rocking a ysl leather cardholder ๐Ÿ˜Ž

what brands do you like?
Sunbunny31
Politicker
3
Sr Sales Executive
Every time you see that wallet, which will be every day, you'll be reminded of your win, and hopefully be inspired.

I have a watch that does this for me. Enjoy!
jefe
Arsonist
2
Head of Sales
I'm currently using a Versace one I don't really like. Used to have a dope red D&G but that was stolen.

Thinking LV next.
cashmachine
Politicker
1
AE (Account Executive)
i had an lv before my ysl. theyโ€™re nice. i also really like the goyard card holders.
jefe
Arsonist
2
Head of Sales
Nice, Goyard is a subtle flex I can get behind.
NotCreativeEnough
Big Shot
2
Professional Day Ruiner
index/mutual funds. They're crazy down right now. Park it there, sit on it for a few years, and enjoy the huge gains in the future
Telehealth_2the_Moon
Notable Contributor
2
Director of Business Development
Second this, indexes seem boring but it's rare for anything else to consistently outperform them. Especially with the nutty market we are likely in for coming up, having a very diversified portfolio will really help mitigate that.
NotCreativeEnough
Big Shot
2
Professional Day Ruiner
yep. index/mutuals are the best way to "get rich slowly". Meaning you won't become a millionaire over night from them, but you're practically guaranteed an excellent long term return if you invest consistently and be patient.
Gasty
WR Colonel
2
Community Manager [War Room]
I'd have loved to. I'm the rational type. But I really would not want to grow this profit further. Need something tangible. In front of my eyes. Useful. Resourceful. Which gives me the motivation to take such risks in future as well. @NotCreativeEnough
NotCreativeEnough
Big Shot
1
Professional Day Ruiner
reward yourself by growing that portfolio further. Whenever you need something tangible you can see, look at that net worth climb.

Nothing wrong with rewarding yourself every once and awhile. But make sure you reward your future self as well.
CuriousFox
WR Officer
2
Senior Account Executive
Very nice. @Chepdid you get into this one?
Chep
WR Officer
2
Commercial Account Executive
Minted some NFTs on polygon back in the day but the more I've done my homework the more I've become convinced Bitcoin maximalism is the way. That said happy a fellow savage was able to make money! My advice would be stay humble and stack sats. Only one crypto will win out as money.
SADNESSLieutenant
Politicker
2
Officer of โ™ฅ๏ธ
What you do is take the pure profit and play with that, throw it back in, get riskier, and smarter, if it 10x's, it's 15k, if you lose it, it was profit anyway. If you 2 x it , take out 1500, now you saved your profit, and can 10 x the rest without pulling your hair out. play with what you can lose and play smart and the sky is the limit
Gasty
WR Colonel
3
Community Manager [War Room]
I hear you. So honestly, every time I've tried this in the last 6 years, I've gone back to ZERO

So this time, I thought I'd encash everything, and actually spend the profit on something I can own for life (or even for a few years).
SADNESSLieutenant
Politicker
1
Officer of โ™ฅ๏ธ
yeah i think the important part is setting clear guidelines, expectations and boundaries. If I know that it's highly unlikely for the coin to break past a ceiling and keep going without a correction I will pull it near the ceiling or hopefully at it, let it correct, then dump it back in at the new floor. Before hand I will say something along the lines of 'ok I think once this 2x's Im good - ill walk out of the casino then'

But without this strategic thinking it's really easy to just let it ride and lose your profits
SADNESSLieutenant
Politicker
1
Officer of โ™ฅ๏ธ
Glad to help. I quadrupled my parents savings this way.

Think about it like this, from 8 cents to 16 =2x but then if it goes down to 10 cents again? Thats 20%

But, if you sold at 16 and put it back in at 10, now you have 160% of the shares you had before. Now if it goes to 14 cents, sell again, it goes down to 11, you buy back in, you now have d amount more shares. Now each
Time the price raises you are making so much more money than before, where now if it went to 22 cents you have 300% what you originally would of only had 200%. Its fun.
Gasty
WR Colonel
2
Community Manager [War Room]
I'm DM-ing you on my next crypto investment (bet)!
TennisandSales
Politicker
2
Enterprise Account Executive
ha! good for you! I also love that you just made $1500 and do not want to do it again haha. If it was me i would be doing the same thing. getting out and celebrating that you won the lottery.

i love the vending machine idea! can you actually do that???
Gasty
WR Colonel
1
Community Manager [War Room]
Iโ€™m reading about it. It ainโ€™t that hard actually. Need some guts to do it though
Gasty
WR Colonel
1
Community Manager [War Room]
It's a semi-hefty investment firstly. Then, have to figure out the logistics - maintenance - n all. Refilling frequency. Location.

Honestly, a little scared to fail @TennisandSales
TennisandSales
Politicker
0
Enterprise Account Executive
ah that does make sense. i didnt even realize you could do that. i just assumed they were owned by businesses and that was the only way to do it haah
Jackywaky
Arsonist
2
Sr. Customer Success Manager
Say no more. Get a tattoo - but not any tattoo, get tattooed this date. Just the date - Jul 18th, 2022. Anytime someone asks about it you can brag about how important this date was and how you felt like a winner. It was so amazing that you literally immortalized the moment by tattooing it - the best part is that you don't have to remember the date you got such an amazing tattoo because you can always look at it. Stonks. Or just get something nice like a watch or Zumba classes - idk.
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