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Replying to deleted

thats cool, nice play.. what happens if you quit your job before its paid off to the 401k, taken from principal i imagine?

chancellor 1y ago

Of course I wish I'd waited a year, but in 2021 we all knew it was going to 100k. 😂😂😂😂😭

Replying to deleted

thats cool, nice play.. what happens if you quit your job before its paid off to the 401k, taken from principal i imagine?

chancellor 1y ago

It has to be repaid in full with 90 days of termination. (My job outlook was pretty secure at the time).

Replying to

Derek Ross

Cheese for my fries 🥹

chancellor 1y ago

Ok, I'm very happy to hear this. I thought you were significantly more psychopathic with that amount of mustard.

Replying to

Jonathan

I'm sure most people know this already but I've ran into a few people today who didn't. If you have a 401k, you can borrow against it at a low rate that is payed back to your own account. This is one of the best loans you can take (instead of credit cards or loan sharks at 29% api) without tax penalty to short the dollars in your 401k and buy bitcoin long.

chancellor 1y ago

I did this in 2021 with $50,000. Bought it all the way down at 4% interest. It'll be paid off in mid 2026. The major difference with these loans is that your interest gets paid back into your own 401k.

Replying to

Fiat Shenanigans 🤡🌎

At the end of 2012 I bought $5k worth of silver and $150 worth of Bitcoin. If I hadn't sold the Bitcoin a few months later it would currently be worth about $500k. The silver is currently worth less than $5k. I bought the literal top of that market and it never recovered. Also I don't even have the silver anymore either. My ex wife took off with it in her safe.

chancellor 1y ago

I bought a Bitcoin in 2020 at $4100. Sold it at $8200. Doubled my money like the genius I was. 😅 FML

Replying to

Derek Ross

Work hard. Play hard. Lunchtime.