/biz/ - Business & Finance

Also, how much money do you need initially to make any decent income from stock trading? From what I know, you need a solid $50,000 to invest initially in order to avoid paying high commissions, or even just to be accepted in the first place.

When I was 17, I though I was going to make a few investments with crypto and become a rich young man working from home with a lamborghini by my early-20s. I will turn 21 in four months, and I'm still a poor neet who can't find a normal job due to severe OCD.

I initially invested $250 in crypto on Coinbase back in 2017, and I was my investment grow all the way past $1100. When I tried to sell my Bitcoin, Coinbase locked me out of my account because I was under 18. I tried to make my Dad the owner of the account, but Coinbase couldn't have cared less. By the time I turned 18, my investment was only worth somewhere between $500 and $600.

Since I typically only have a few hundred dollars on me at any given moment, I don't want to invest my money in anything big. If I were to invest, say $200 into something, and then see that $200 turn into $250, I would feel very depressed, since I could've made, say, something like $50,000 had I would've invested $200,000. I felt like this back in 2017, too.