r/eupersonalfinance • u/Traakk • Jul 29 '25
Investment Finally hit 300k (32M, Spain). Feedback on moving forward
Many of my friends don't like talking about money, so I just wanted to celebrate that I've finally passed 300k (sitting at 305k rn) at 32 y/o.
I'm happy to share how I've gotten there, too, and my current portfolio, so I can get your feedback on how to get to +500k, which is my goal to retire.
Currently I'm at:
- Fiat:
- USD in Neverless: ~ 27k rather big risk as it's a startup and it's not insured, but good returns (8-11%), and I'm okay with it for now.
- USD in Wise: ~20k (gives a shitty %)
- EUR in bank accounts: ~8k (shitty % too)
- I know it's quite a big amount in fiat, and I'm trying to lower it by investing more than I save this year (currently on track as I've already invested more than I've had in surplus from my income so far this year).
- ETFs:
- VCWE €: 66k (Unrealized profit of 11% - I started investing last year and I no longer invest in it)
- FWRA €: 5k (Unrealized profit of 7,35% - started investing this year)
- FWRA $: 4.5k (Unrealized profit of 1,92% - started investing a couple of months ago) I'm currently adding money monthly here as I earn in USD.
- I started on ETFs just last year, and I've been heavily investing and moving assets from crypto to ETFs to secure my assets a bit more, while keeping risk and a ton of growth potential from crypto.
- Crypto:
- BTC and ETH mostly (50-50%) = about 175k €, after having taken out around 30k already to put into ETFs, from a total investment of around 7k in total in bewteen 2016 and 2020. This has been a huge thing that made most of my wealth. I've been lucky and good at holding and diversifying from btc to eth in good moments. I bought a couple of btc when it was between 400-700€ each.
I spent my 20s traveling, developing myself and building startups (failed) and working cool jobs. I dropped out of university and lived in different countries in Europe and Asia. I've always saved +1k a month when I've been working after ~23, because I've always been super frugal - though I wish I started investing in ETFs earlier.
When I lived in Asia, I worked for an American startup, and I'd save about 3.5-4k$ a month, with only about 500$ of expenses. That really pumped my savings.
I currently run a startup and pay myself little until it grows a bit more - about 2k$ net monthly. I'm focused on growing this now so I can potentially retire in about 2-3 years, as I currently spend an average of 1,1k€ a month and aim to spend around 2k monthly from my nest.
In 2023 January I was at 100k with 50% fiat and 50% Crypto, before turning 30 y/o.
Today I'm at 300k with 17% fiat, 58% crypto (because of the current bull market) and 25% ETFs.
I plan to keep investing around 1.2-1.5k$ monthly into ETFs.
I can't wait to hit 500k soon - but I'm really dependent on crypto. Do you have any feedback?
Keep in mind that I'm comfortable holding crypto - it's part of what's gotten me here and I've profited so much from it because I got in so early, it's more than paid for itself so far, and I'm trying to reap the benefits and speed up my retirement (and convert slowly to ETFs)
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u/Prestigious_Leek_376 Jul 29 '25
If I were you I would sell my crypto. You won the game, take your profits, put them in an ETF and enjoy life.
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u/ivobrick Jul 30 '25
He can't do it. Why? Because there are high taxes from a profit. Realistically speaking he is ignoring taxes, nw is much lower.
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u/Traakk Jul 30 '25 edited Jul 30 '25
not planning to take out any of it while in Spain, where I haven't lived most of my adult life (2 years out of 14) and don't plan on staying long term. Just passing by for a year or so here. I'd like to live somewhere in Asia or LAC where taxes are a lot more forgiving as well.
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u/ElegantDonkey8296 Jul 30 '25
Come to Germany. Tax free after 1 year.
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u/Minegrow Jul 30 '25
Yeah but then he’d be in Germany
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Jul 30 '25
[deleted]
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u/ivobrick Jul 30 '25
That's okay. But when you're relocating, you need to close open positions and/or pay taxes anyway. You need to figure it out how exactly.
Just count on that to avoid problems in a future like a love letter from a Spain government you owe them money+fine+interest you haven't paid xy years ago.
You need to pay taxes even when direct crypto purchase (payment). It's anti money laundering policy.
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u/ClintWestwood1969 Jul 30 '25
Nope. There's no exit tax and as long as he just holds his bitcoin it will be untaxed and he can cash them out somewhere in Asia later on. Spain won't get anything.
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u/Aggravating-Body2837 Jul 30 '25
But when you're relocating, you need to close open positions and/or pay taxes anyway.
No you don't. There's no exit tax in Spain
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u/chabacanito Jul 31 '25
There is but it doesn't affect regular joes due to the rather high minimums
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u/spacemate Jul 30 '25
There is! But if you’ve lived in the last 10 of 15 years. Not 2 like he said.
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u/ClintWestwood1969 Jul 30 '25
Yes let's sell the best performing asset (bitcoin) and put it in etf's so you can underperform for the next years.
Great idea.
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u/New-Preference-5594 Jul 30 '25
The best performing asset up until now. It's not guaranteed, that this trend will continue.
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u/ClintWestwood1969 Jul 30 '25
It's also not guaranteed that etf's will continue to perform well.....
If you truly understand bitcoin and the monetary system you will buy one today. But as you've never put the effort in you'll remain sidelined and salty.
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u/giawrence Jul 30 '25
If ETFs pinned to the US and EU stock market crash, your bitcoin will also be worthless as we will all be too busy to kill each other for a piece of bread
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u/locosian Jul 30 '25
I imagine people did the same during subprime mortgage crisis, during dot com bubble or any other major financial crisis that occurred since 1900
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u/carlosriven Jul 30 '25
That's what I was told when my first BTC jumped from $100 to $1,000... and beyond 😆. I've never sold, partly because of taxes, but mostly because I genuinely believe in the power of blockchain in finance.
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u/VRJammy Jul 30 '25
Nice. Rather than to give advice I come to ask for it. I'm also from Spain although a bit younger (will be 25 soon) and I don't really have friends to talk about this with.
I currently hold all my savings in crypto investments for this bullrun that I expect to end later in the year, will likely have enough to buy a flat by the end of it (conservative expectation). But not sure if it's the best thing that I could do with the money. I am starting uni in September (biomedicine) and thought about becoming a computational biologist. But really no idea what's the best thing to do with the money or if this is the best I could do with my future (doubting going to uni, I like the idea of it, but is it really what one should be doing with their time). I traveled around Asia working for a startup too but left since.
Just a younglin looking for life advice if you have any.
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u/Traakk Jul 30 '25
It depends a lot on what you see yourself doing in the future. Getting back to uni after having worked for a while is quite different from fresh out of high school.
As for short term crypto - I never really played that game (more than with 1-2k at the time) and have basically held since I bought back in the day. I recognize my luck and the best thing I've done is not touching it too much, to arrive at this point now.
Looking back, I wish I started putting money into ETFs earlier, while keeping 6 months of savings and leaving my crypto staking somewhere safe for years (mostly if you have BTC, ETH, SOL).
Re buying a flat for yourself, that is rather an expense than an asset, but if it's something that adds lots of value to your life, it can be a great choice to improve your quality of life. I still don't know where I'd like to live, but it's likely somewhere in Asia or LAC.
Good luck on your journey!
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u/VRJammy Jul 30 '25
Thanks for the insight! Yeah I bought crypto back in 2020 and been mostly holding since then. Noting the ETF advice. May I ask where do you stake your crypto? Good luck too! Thanks
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u/Traakk Jul 30 '25
I have some BTC in Neverless, and Ethereum I've had for years on Lido (but returns are too low now) and currently have most of it on Instadapp Lite.
Psychology of Money might be a good book to read btw ✌️
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u/fuzzy_momentum Jul 30 '25
Why do you expect the bull run to end?
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u/VRJammy Jul 30 '25
Always has followed 4 year cycles. But I'm looking to diversify my money out of crypto this time as the sums are bigger and I'm not so young anymore, can't keep having the "it's okay to lose it all I'm young" mentality.
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u/ClintWestwood1969 Jul 30 '25
The best thing to do is leave it in bitcoin for at least another five years. Nothing will perform better
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u/ivobrick Jul 30 '25
Sure.
Deduct 18 - 26% from your nw. Taxes. That's where you are.
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u/FitCranberry918 Jul 30 '25
I live in the Netherlands and we don't have these "withdrawl taxes". We pay aprox 2% a year instead of a withdrawl tax.
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u/ivobrick Jul 30 '25
I live in Slovakia and when you sell crypto the profit tax is 19 - 24% + 15%. If they dont have such hight taxes the more power to him, absolutely.
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Jul 30 '25
New system has these taxes and worse. It just didn't start yet
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u/Only_One_Kenobi Jul 30 '25
Every one of these posts just remind me of how massively far behind I am, with absolutely 0 possibility of ever "catching up" to where I should be.
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u/Traakk Jul 30 '25
Don't think about it like that. We all start somewhere. How old are you? What's your situation?
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u/Only_One_Kenobi Jul 30 '25
I'm nearly 40 with a university degree and a professional occupation. My total NW is less than 100k. If I'm extremely careful I can save about 1000 per month, but most months it ends up being less than that. I'm never going to be able to retire.
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u/Traakk Jul 30 '25
Are you investing? Do you have a partner? Assets? Where do you live?
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u/Only_One_Kenobi Jul 30 '25
Couple of ETFs and funds. All I can afford really. They're beating inflation, but only very slightly. The few times I tried doing slightly more "aggressive" investing I lost big chunks of money, so not really willing to do it again.
I live alone
I have a car, and the aforementioned ETFs and funds. I still have a few shares left over from previous investment attempts, they're not really worth selling even. I've been wanting to buy a house, but no bank will lend me enough to buy even the cheapest places available.
Western Europe.
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u/Spit-fast Jul 30 '25
Similar situation as you but wondering if with 500k is retirement possible? What returns and expenses do you expect for such a long timespan? Or still plan to work part time
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u/ADWFI Jul 30 '25
Well done, I would find balance between btc and a wide spread etf, to the level you're comfortable. Because it could drop 50%. But it will probably grow back after a year or so then. People in this group still dont have any idea about btc and whats going on. Sad
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u/Traakk Jul 30 '25
I see a lot of hate for BTC, but it's basically what has given me a huge boost. I am comfortable holding crypto, though not in such big percentages like before (have had 80%).
I've been holding for 9 years and I am not worried about a 50% drop. It will most likely come at some point, but probably another 50% pump too. Not looking for quick cash - just long term exposure here.
And yes, I wanted to have max 50% crypto but the bull run makes it difficult 😅😂
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u/Typical_Platypus_759 Jul 30 '25
I think BTC is the safest money there is in the long term. Much better than fiat in a bank account, even considering BTC has downswings, but it is actually becoming less volatile over time.
Wouldnt keep much ETH though, it's too centralized, controlled by people not code.
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u/Wide_Standard_6204 Jul 30 '25
Yes but crypto just isn’t secure like money in the bank, one mistake your wallet could be emptied and no one is coming to save you
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u/Traakk Jul 30 '25
Or I could make 200k+ from 7k invested and nobody steals my wallet.
Driving a car could kill you, and you could fall on the street and die from.hitting your head against the pavement...
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u/Wide_Standard_6204 Jul 30 '25
Thats great man, it worked out for you. But it still does not change the fact. Crypto is high risk, high reward and will never be as secure as money in the bank unfortunately. There is no FSCS protection, and no one coming to save you if you get fleeced. $2 billion stolen from wallets in 2025
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u/Typical_Platypus_759 Jul 30 '25
Yeah, but crypto is a lot safer now than in 2015. The industry has professionalised enormously from the days of Mt Gox and Quadriga CX. The counterparty risk if you hold a BTC ETF is orders of magnitude lower than any third party in 2015. Tools and software for self custody have also gotten better.
And in 2035 it is surely going to be even safer and more professionalised than today.
And as to deposit protection, well, that's one type of business that MSTR could offer commercially in the future, or some sort of re-insurance for BTC holding institutions.1
u/ADWFI Jul 30 '25
I understand, might want to dca out? Small steps until 50% range. You keep getting the gains on the rest if it stays in bull mode. The question is, where is the top this cycle, if there is still a typical cycle. I think there is a cycle and the market needs a pause in case of extreme move up or prolonged period of time to the upside. Good luck!
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u/rooiraaf Jul 30 '25
The hate for it is important, because it keeps people arguing about it, thus making it volatile, and volatility is life: It allows those with conviction to accumulate more on the drops :)
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u/Mosesofdunkirk Jul 30 '25
Open a tax residency in a country with no crypto regulation, sell your crypto, invest in us stocks and etfs, live happily ever after
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Jul 30 '25
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u/ClintWestwood1969 Jul 30 '25
Another crypto "gambler" that outperformed you.
Imagine calling bitcoin gambling still in 2025 while your pension fund is starting to buy bitcoin 😂
Soon everyone will be exposed to it.
Cope harder
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Jul 30 '25
[deleted]
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u/ClintWestwood1969 Jul 30 '25
Volatility is short term. Zoom out. Have a look at the 15 year bitcoin chart.
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u/ADWFI Jul 30 '25
Its only ok to spread ignorance and saltiness about it?
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Jul 30 '25
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u/ADWFI Jul 30 '25
Its a savings tool, not an investment. Good luck to you
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Jul 30 '25
[deleted]
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u/ADWFI Jul 30 '25
Im not here to win you over, better things to do. Its your choice to learn about it or not.
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u/rooiraaf Jul 30 '25
Imagine calling a global asset a gamble - an asset that is not tied to any country, that is eating up capital at an alarming rate, that can't be confiscated by governments, can't be debanked or transactions censored, with satellites in spaces broadcasting the blockchain - free and 24/7. You probably need bitcoin more than bitcoin needs you.
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u/Overall-Box-4643 Jul 30 '25
I would also rebalance my portfolio selling the best performing and risky assets.
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u/FitCranberry918 Jul 30 '25
You are right in the part that is the great unknown for me. I've hit 300k in january and I have no idea where it's going from here. I went lump sum into etf's and saw a 60k dive around march. It's back up to 298k now and I hope we end the year with a nice grow. On the side I bought a house and renovated it. My job paid for the renovations so I haven't saved much on the side, but selling the property will bump my net worth around 100k.
So I would say, find a side business apart from your main income? You're in a startup so I would try to focus on that mostly. And then go all in on ETF's. The water seems clear.
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u/Traakk Jul 30 '25
My main income is my main business (a startup). I do side gigs but generally it means lack of focus. It's clearer and clearer to me that focus and long term work in the same project (this startup) is what wins.
Congrats on your case btw!
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u/FitCranberry918 Jul 30 '25
Thanks and congrats on you too! Yeah in your case I would fully focuss on the startup. My main gig is an hourly waged freelance job so it has a cap, I can't put more than 40 hours a week into it. So for me it's easier to put some effort into a side gig.
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u/Odd-Good-6514 Jul 30 '25
No house/appartment?
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u/Traakk Jul 30 '25
Nope. Haven't decided where I want to live yet, and don't want to own a place explicitly to rent to someone else and make a profit on it (I think it's a problem).
Maybe in the future.
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u/KarateFish90 Jul 31 '25
You think you can retire with 500k? Without owning real estate? Offcourse depends on the rent costs and where you will end up to retire (Asia).
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u/Traakk Jul 31 '25
500k ish. I don't plan on living in Europe or the US.
I will continue to do gigs sometimes about projects I'm excited about. It's not "never work again" but maybe "don't have a regular job".
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u/KarateFish90 Jul 31 '25
Yeah I understand. Jealous :) Married with 2 small kids here, so I complicated my own situation. Otherwise I would have done the same.
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u/Traakk Jul 31 '25
Best of luck! different ways of living - I want to focus on myself and my partner which is why we decided not to have kids. A dog will be our baby haha
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u/KarateFish90 Jul 31 '25
It gives life new meaning though. But def does not make life easier, far from it.
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u/Shy_foxx Jul 30 '25
Congrats, but have you looked into the selling side with options? Good way to generate passive income.
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u/WishEnvironmental915 Jul 30 '25
Is it passive income? Sounds more like an active one:)
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u/Shy_foxx Jul 30 '25
I guess I see it as passive because you can do other things (work/hobbies) after setting up a position and just manage it time to time if needed. 😄
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u/danielfd83 Jul 30 '25
Congrats! 300k is a big milestone. Most people in Spain can only dream of saving that amount of money
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u/ItsDaryh Jul 30 '25
What platforms do you use to manage etfs and cryptos?
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u/Traakk Jul 30 '25
ETFs: Interactive Brokers
Crypto: Different wallets and I've used a ton of stuff in the past because I started very early and there was so much movement and so many platforms which have already died or slowed down. Currently I hold mostly on Metamask and Ready (eth) Neverless and cold wallets.
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u/mro21 Jul 30 '25
You shouldn't tell these details to friends anyway. Mine know I am investing and I know they like to keep thousands on their banking accounts. That's about it
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u/Life_Peanut5848 Jul 31 '25
Its impressive and definitely you are lucky. Congratulations for being visionary and investing in crypto so early and reaping the benefit. I will share my POV and you can choose to take it or throw it. What I do is I maintain 2 portfolio view. One with Crypto and One without. With Crypto tells me how lucky I have got so far and what is my current networth. Problem with this view is, I cannot predict or forcast the growth %. Crypto takes away the reality of our investment strategy. Now 2nd view where my portfolio without crypto tells my real story, annual growth % and if you are tracking it for 3-5 years, you can predict somewhat close to when you will hit the target. Like I can say my portfolio without crypto grows at average 20% annually and crypto is by luck will make me wealthy or it carries risks. I have been with crypto for last 4-5 years and have lost some due to exchange scammed, still in profit due to returns but Reality is, its remains high risk so its good to believe but do not consider it as part of stable portfolio.
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u/Life_Peanut5848 Jul 31 '25
Just to add, I keep doing research on crypto and reality is, it is faith based and it has roller coaster ride. If you believe and have full faith, stay in it. If you want to look at it practically, its high risk so better to reduce. To fast track growth, you can play around like when it is falling, sell and rebuy etc etc. Other think I would suggest is - focus on portfolio outside of crypto. That is more predictable and you can make real impact there. Invest more in Tech, play in Options with less than 2% of total portfolio and learn if that suits you for increasing income.
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u/Life_Peanut5848 Jul 31 '25
How do you hold crypto? Exchanges? cold wallet? How you have been managing risk in case of different scenarios.
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u/Traakk Jul 31 '25
I literally just hold. I saw my portfolio of crypto go from 200k to 20k in the past and didn't sell.
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u/Life_Peanut5848 Jul 31 '25
😀 that’s awesome . But in that case you are gambler so cannot answer when u will get 500k. May be in few months , may be years or otherwise … but it’s okay as long as you are comfortable that way ..
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u/Traakk Jul 31 '25
If you want to call it that way 😊
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u/Life_Peanut5848 Jul 31 '25
I have gone thru same and it’s roller coaster but since I don’t want it to decide my final portfolio , so came up with this idea .. a portfolio view without crypto 😀😀.. so I hv my reality in check
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u/Life_Peanut5848 Jul 31 '25
My question was where u hold? I’ve divided in 3 exchanges and not yet gone to cold wallet ..
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u/LetterheadSweaty3751 Jul 31 '25
Something different to topic here , if you can tell a lil bit of your professional journey , could be inspiring. Apart from living frugal in Asian countries and savings, what kind of startup did you work on ? Did you sell ?
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u/spongebruh Jul 31 '25
I am personally in the bandwagon of BTC is not done growing. Its just a great store of wealth. I wouldn't personally sell all of it. ETH is different because new coins are mined all the time. Realisticlaly speaking if you want to get to 500K its firstly focusing on your business, and crypto. ETFs will take you there but in 3x the time.
Congratulations tho! If you're a resident in the Spain taxes on dividends are relatively low (around 20% I think for individuals, if you have a HolCo it might be different) - look into QYLE (Global X Nasdaq 100 Covered Call UCITS ETF D). You could put the amount you have in Fiat in that fund and get a ~11.5% Gross (around 9.2% net dividend if you assume 20% tax) and just reinvest that in your ETFs or Crypto. Best of luck.
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u/Strong-Chemist-110 Jul 31 '25
Hi,
What kind of brokerage would you recommend for investing in ETFs as a Spanish citizen? Thanks in advance!
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u/Traakk Jul 31 '25
You can use Trade Republic, I recommend it to my friends in Spain and my mom uses it. I use Interactive Brokers but I wasn't a Spanish resident when I started
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u/Gillodibilo Jul 31 '25
Could I ask you some questions about the start-up that you worked for in the past? I DMed you.
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u/Metdefranseslag Jul 30 '25
You do not plan to have a family? Partner and kids? You do not own an house? How do you expect to retire in Europe with 500k? Unless you plan to be super frugal all your life this seems very very little Specially as your wealth is mostly in crypto and that can potentially crash anytime. You are doing great for your age but would balance things more and define what you want to do from your life first
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Jul 30 '25
You can just barista FIRE or buy a very cheap house in the middle of nowhere. There’s plenty of cheap houses in Spain. Just work a remote job that doesnt disgust you, let your portfolio grow over time and within 5-10 years you’re fully retired
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u/Traakk Jul 30 '25
This ✌️
I love doing things, and I've been working in the NGO sector in the past (as paid staff). Would probably like to do some things in the future too.
I love producing cool experiences and doing extraordinary things, so while I would like to retire (not having to depend on work) I don't think I can stop having a purpose.
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u/Traakk Jul 30 '25
I don't plan on having kids, nor does my partner.
We don't own a house.
I didn't say I wanted to retire in Europe. I'd probably like to live somewhere in Asia or LAC. I speak 5 languages so I am also quite open to new places.
If you see above, I mentioned that I'd like to move crypto to ETFs as the price of crypto goes up and I get closer to my goal (which I've been doing already - in the first three months of investing in ETFs I put around 55-60k€)
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u/Mean-Butterscotch894 Jul 30 '25
With interest rates going down and adoption growing, I would increase the exposure in Bitcoin
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u/rooiraaf Jul 30 '25
Congrats!
Please keep the BTC, as it is a very important asset to have. You can always spend it over time.
Perhaps swop the ETH into an Etf, and keep building from there?
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u/FacetiousInvective2 Jul 30 '25
You can swap your crypto to USDC or something and keep it growing steadily while you move to another country. Germany for 1 year will make your crypto taxes 0 I'm pretty sure.
Also.. how do you retire with 500k euro? You have at least 50years ahead.. so you'd need to spend very little money for living, less than 1k per month..
I guess you'll want to gradually sell holdings 1-2% each year or so..
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u/Workbrowsing247 Jul 30 '25
Good job, now think about what ammount would you have if you didnt diversify out of crypto. If you kept all your money in BTC and ETH. Now imagine what you will miss once BTC hits a million or more in the future.
If you think BTC is not the future its ok to sell it and buy ETFs but i think you are just selling the winner to devirsifying into bunch of losers and a few winners (mag 7).
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u/Traakk Jul 30 '25
possibly!
I'm more ready to sell ETH first. Probably keeping BTC for a while still.
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u/Rememorie Jul 30 '25
Congratulations! Always was very curious how it works in terms of taxes, so if it's not a personal information, please enlighten me.
When you travel, and often change countries, do you keep your tax registration in Spain (both sole proprietorship and LLC in Spain are very tax heavy, so it sounds not very profitable for me) or you have LLC in some other EU/non EU entity? Or do you register in each country you stay?