Got a Black Conclave Card! Only opening 4 packs of Alchemy! Epic Card

in #conclave21 days ago

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Check out the nice just minted number 13 of the black foil set I had only opened about 10 packs so far and only have about 50 total mostly standard and alchemy as well as 2 legendary I already opened but notihng to interesting. Used my midnight potions on all as well as other potions pulled that just as I thought i was getting nothing good and boom flys out that. Hope the rest are that good and get a few more. Will probably be renting out or holding on land and watching prices with the intent to sell later on or if the cards are selling for good prices but im hoping rentals are good for those and they fetch a nice premium rent and get me a good amount of DEC per day which will be used to either withdraw SPS and put in the SPS/WBNB LP getting like 90% apr and also selling for BNB or ETH etc to ensure I am always taking some profits out. Part of my land income and rent will be buying HIVE when it dips as well as buying HBD when that is below peg which happens on HE freq then using it to hold and get a higher APR on the HBD. Had bought some around 89 cents on the dollar and sold back at 1.01 a bit back which was nice.

Going to also be adding more Alchemy packs as well to open and try to pull more black cards and sell the rest so I can attempt to get a nice black card collection or deck and likely either rent or depending on how many I can get or any offers I get as well may never complete as I will sell if the right offers come along since I cant turn down a nice profit if it comes. Also need to continue to pull about half of my earnings out until I cover my cost basis of all the money I put into SPL as I took a big loss in the CL times and GLG and decided to sell a lot of my about 200k account a while ago to get it sized appropriately to the risk and also get more funs out in non spl crypto like stables, btc , eth to trade with and farm airdrops. I pulled out 20-30k 2 years ago kept 10k for my trading account and used 20k to pay back money I owed and then over 2 years I had made about 6x on my 10k and to bad I had to pull it out every once and a while or I would have been much more but needed it for some things but it was also my experiment to make sure before I use a lot more money to implement my trading strategies I was using so I do not lose much before if I was going to lose and over 25000 plus trades and pretty good consistency I will be taking it to the next level putting a bit more into my trading account and using 50k approx so I could actually keep more of the gains compounding and also hopefully recover any lost basis I had in SPL or got stolen from me in a hack. Once i get back about 100k then I will use about half to plow into traditional alternative assets as well as digital ones focused on cash flow as I need to build up a bit more since that loss from CL took a big hit for me but should be good once I get a bunch of money owed to me from the IRS as I am so behind on my taxes mainly due to SPL tax stuff and how hard it is to get data organized as well as other crypto plus I have a bunch of investment partnerships I'm in. I just filed my 2021 tax return got it in April 15 at 5 pm right before the statute expired lol cutting it close but had to reconstruct all the crypto for prior years and merge all the fragmented hive and spl reports together and this needed to be done as I need to have the correct gains in 2021 and huge loss in 2022 so i can offset the sale of real estate or i would owe a lot of tax and as of now i zero out for all the years on paper with other items being deductible for my other ventures like my house or part and my car most of it as well as I have all my office equipment and other things like monitors I rotate though my business using the Demin iMIS safe harbor expensing one year then using another asset not expensed and moving the expensed asset to personal use to get more deductions i wouldn't have had if I had a w2. I will be finally catching up this year with tax filing and then turning one of my LLCs to a S Corp for trading so I can make the MTM election and eligible to write off unlimited losses with no limitations on them if I have a draw down which is important as capital losses only offset capital gains or 3000 of other income but now if i have a loss all is deductible plus all the other expenses necessary for trading. If you have a w2 to you should have a side business that you can use to kind of finagle your income as well since it can be useful in offsetting that if say you want to not pay tax and use the money you would have used to pay taxes to expand your business and reinvest in equipment etc that will make your more money etc. Better than letting the govt have it and also can get your income right into the sweet spot for free benefits that you would not get if you could not finagle it. You could make 100s of thousands in cash flow but still show 20k in taxable income lol. I love our tax law sometimes if you know how to use it you can get away with like no tax , making more than many ppl and get free benefits like health care etc that used to cost me like 20k a year after paying premiums plus monthly dr and medication which was almost as much as the insurance lol. Right now I make less than I did for the moment that when I had a w2 job but actually net more in cash flow and benefits etc. If you know the many loopholes and laws you could earn the same as someone they pay say 30% you might pay 0% in tax which lets you say on 100k take 30k and put toward investments or growth where as the other person is shafted and never seed it again. Learning tax is a very important thing and once I saw behind that Curtin on how wealthy ppl do not pay it and make millions I had to lol. I hated doing taxes but good lord will it save my ass and make me way more money in the future as I just will always find a way to keep that tax money instead by utilizing it in a investment that is able to offset taxable income each year to the optimal level for things. I even got a 2500 dollar apartment for like half off instead since they had a crazy thing where if you made between x and y on paper for your agi you got a discount lol it was in one of the nicest buildings downtown and also i picked the biggest area for my business stuff to deduct a lot of the rent etc lol. If I win my disability appeal this year it I will need to work my magic and use it to buy a property or something so I dont need to pay tax on the prob about 100k i would get or more as they would owe me back pay on it for my back issues from the date I filed. Also debating on negotiating with my line of credit to pay them 20 cents on the dollar as I took a big loss and the assets I have are in protected accounts so I could potentially negotiate with them to get them to forgive the debt but also I would need to pay tax likely bc i would not be insolvent per irs rules lol so prob going to pay it off now instead as well so it doesn't hurt my credit to get financing for a building or project I'm planning on doing and since its taxed would not help me much. At least it will be easy for 2025 and 2026 likely as I will have a NOL carryover to those years which will let me offset income for taxes so no need to worry as of now unless some of the real estate sells which it might and some of the tart ups sell which they may as well lol. Once those do ill just likely re invest in a new real estate fund so the initial deductions offset the gain made which is the best part about real estate it can offset the gains and you don't pay that tax and can pretty much defer forever while using the cash flow dists for income and sales proceeds or refi to add more property deferring that tax due to the debt and special rules. Once i saw my client have 15 rental property funds and they started cashing in making him 1-3 million each off of 100-150k investments in 10-15 years and deferred tax by just buying more in larger ones and keeping what he could get non taxed i was like shit i need that lol. The ones I did were smaller recently for a total of 50k invested within 2 years they returned me over 100k so it was like buying my self a salary and I have some that are still going like one fund that is expected to do 15 years then sell all five and only put 10k in that buy after that long it will be about 60k in value or distribution on sale plus all the operating income over the years that i got tax free and in a few years ill need to re invest 2/3 in a new say mobile home park fund which are cash cows to get a 12% preferred return and average irr of 29% over 20 years which is sweet and will give me nice cash flow and freq sales proceeds or refits as it owns over 100 parks in the fund so it will be perfect for my strategy of deferring tax and keeping income low on paper. crypto is also great as deferring tax as you can borrow against part of it safely if you do not over leverage and also use of a margin loan on a brokerage is useful to instead of having any emergency fund just borrow against at 4-5% and you don't pay tax then pay it back when you can get cash flow in or don't if your making more money on the cash as inflation will decimate it over time which helps you. Also why real estate is great huge debt low rates and it gets worthless over time while asset goes up.

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