If you won 1 billion in the lottery, what would you do?

Interesting question, I heard that there was a single winner of the $1.6 billion Mega Million lottery today. After taxes and taking the lump sum that’s roughly $600 million dollars. That won’t get you into the $1 billion club but that’s a lot of money.

Now what I would do is actually very similar to what I did a few weeks ago. You see – due to some bad financial losses I had this year and some loans I had to pay back, I was forced to sell my San Francisco apartment. Luckily for me, my SF apartment had appreciated in value about 40% since I bought it back in 2013. So I more than made up for my bad financial losses – I actually came out with an overall profit. So basically I had lump sum of cash after I sold my apartment – not exactly $600 million, more like 0.1% of that ( $600k ish) – but that’s still a lot of cash, and here’s what I did with it:

roughly 2/3rds of it (66%~) – I converted to Canadian dollars to take advantage of the roughly 30%~ gain in Canadian currency you can get right now. Canadian currency is very low right now in comparison to USD so I decided to take advantage of that. Most of that money will be going towards purchasing a residence in Canada (I’m still going to take out a mortgage because Toronto/Vancouver prices aint cheap!)

another 1/6th (16%~) went to an online investment tool I use which is Wealthfront (www.wealthfront.com) which automatically diversifies that money into a pool of stocks/bonds/natural resources/minerals/dividends

another 1/12th (8%~) went to cryptocurrencies (yeah I know cause I’m a millenial and all, and I believe it will recover) but its pretty high risk

the remaining 1/12th (8%~) is sitting in cash to pay off my credit cards right now for my current spending. I am also taking a break to travel a few countries in Asia I didn’t get to travel to before using some of that cash.

If I had a $600m windfall, I don’t think I would use my money that much differently, although I would probably allocate a lower amount to real estate (oh I would buy a few places in Canada/USA/Korea but not that much because it would get hard to manage), I would give away a couple million to my good friends and family, and I would probably shift more money to stocks and dividends so I can generate more passive income off of those. I would also probably travel a bit more and grow my (already admittedly large) computer/phone/guitar collection.

But that’s about it. On the Mazlow hierarchy of needs, Money definitely solves the lower level problems like healthcare, food and survival, but for higher level needs like love and companionship it doesn’t really help solve it. Good relationships are hard to find, and those are priceless in a sense, you can’t really buy a really good friend or the love of your life.. you have to find that yourself. Really, the higher level keys to your happiness in life are not obtainable by any amount of money whether it be $600k or $600m. That’s what I realized, anyways but as far as money is concerned thats how I would use it.

Wishing, waiting, praying…

Not much to update these days. I’m pretty depressed because of what happened at the beginning of this year. Usually I’ve been a fairly risk-neutral investor, neither too risk taking or too conservative, but this year I foolishly took out 3 loans to average down into crypto, which subsequently plummeted 90%. That’s $170k down the drain. I’ve been trying to come back since then.

This year is easily one of the worst years of my life. Aside from my financial problems which has basically sucked out all my paychecks to pay back those loans, almost all my friends have left San Francisco, my Korean gf broke up with me due to the distance, and I’m stuck here unable to visit my Korean friends or my ex-gf at all. I have to sell my apartment first. Why? Because it’s the only way to pay back my loans. If I didn’t do that, I would have to work for the next 3 years to pay back my loans. And I can’t take a vacation or quit my job either because of these stupid loans that have to be paid back. I can’t average down my crypto to even try to make some of my money back either. Basically I dug myself into a deep, deep hole, and selling my apartment is the only way out in a reasonable amount of time. If I rented it out, I would need at least $6k a month to pay back my loans + mortgage interest + HOA fees + property tax + enough remaining money to survive on. It’s unlikely I can rent out my unit for that much. So I’ve listed my apartment for $800k. I also paid $30k in renovation + parking fees to help sell it.
Some of my friends have told me that is a low price, but I’ve got to get myself out of my financial rut somehow.

On top of that, my health hasn’t been good this year and I’ve had to take anti-depressants as well just to keep myself from suiciding.

So yeah, this year has been awful. I think I only had one friend I really hung out with the entire year. Every day at work has been boring and just looking forward to the paycheck, just so I can pay back for the mistake I made back in January. Hopefully my place will sell soon, so that I can finally escape this prison…

Worst Financial year ever

Everything I touch turned to dust this year. I’m still on my anti-depressant medication because otherwise I would have killed myself by now. Seriously. Let’s count the ways.

-in Jan, Korea had the crypto premium at 40%. I didn’t make use of the crypto account my gf made for me, and the premium is now completely gone.
-In Jan, I had a gain of 50k on my crypto. I didn’t sell or take profits. Now I’m down 170k. That’s a swing of 220k. +50 to -170.
-In Feb, the only ICO I invested in last year at $1.10 each debuted at $4 each. I could have sold right then and there and took $30k profit but of course I didn’t. I kept holding, and now this month I sold it at $0.90 each. Yup, I lost $2k when I could have been up $30k.
-In Jan/Feb I invested in a lot of stupid risky ICOs – over 20 of them. I thought if even ONE of them did a 10x I could make up for the other ones. Nope, turned out ALL of them except two went down 80-90% and the two that made me money only went up 50%. That hardly makes up for my losses. I’m down 37 ETH on that.
-In Jan/Feb I took out 3 loans to average down for a total of 85k + 5k in origination fees/interest. And… the market went down 70% since then. So yeah, that was stupid as well.
-I sold off all my stocks at the beginning of the year to put all into crypto. The AMZN/TSLA/NVDA stocks I sold subsequently went up 50%+ and crypto went down 70%. FML.
-In Apr/May I got scammed 1.5ETH by people pretending to be admins on telegram.
-In Apr I lost $2300 shipping a package because I didn’t use the USPS Priority mail and it didn’t have tracking to Canada. Buyer complained, I had to pay it back since I had no way of proving it was delivered.
-Worst timing ever. I sell EOS and ETC, a few days later it goes up 20%. I sell BITG literally the next day it jumps up by 50%. Why? why does this happen to me?
-In June I put a lot of my money into masternode coins to try and stabilize. I sold off a lot of coins at the bottom because I wanted to make some stable income. Well guess what, those coins are up 30-40% now, and my masternode coins are down 70%. Of course. One of them even went down 90%. I lost over 2 BTC on those. Even when I am trying to stabilize I end up losing money.
-In June when I was trying to get my place renovated, the movers lost my $1000 camera. Seriously, wtf? I can’t even get something as simple as moving my items done without losing money???

So yeah (and don’t forget my gf broke up with me early in the year, my job gets more and more tedious and I’m on meds now) this is easily the most horrible year I’ve had in recent memory. Please, please let this year end soon. Last year was boring but I was at least steadily gaining money. This year, 1/3rd of my net worth is gone, and everything I try to do to get it back only loses me more money. What is happening to me? I must be the anti-Midas touch. I even lost my friends money as I got them into the same masternode coins. My only saving grace is I really hope my apartment sells for above market value to at least make back for some of my losses…