/biz/ - Business & Finance

have you heard of digibyte?

>>2842618

this x 100k

>>2842618
Nope

put it all in DGB senpai, then check back this time next year to collect your lambo

>>2842624
you can easily turn that 5k into 40 off dgb if you buy in quickly

>>2842611
dont listen to any of these memes just look to put it in bitcoin. watch for a week see if it comes down then buy.

>>2842647
What the fuck are you guys saying lol, like I literally have no knowledge in finances and investing. How do I go about doing any of this shit and why?

>>2842670
you should leave /biz/ immediately if you want to have any of that nest egg left by the end of next month. I'm extremely serious.

>>2842611
DONT INVEST IT IN CRYPTO
Only invest what you can afford (and are willing) to lose. If you really want to invest it in something, do this:

$1000 in crypto (mostly bitcoin)
$3000 in vanguard
$1000 in a savings account

Don't touch what's in vanguard for 2-3 years. Don't touch what's in crypto for 6 months
Don't touch what's in savings account except for emergencies.

>>2842611
Buy an antminer

>>2842684
Why tho

>>2842702
That's a pretty cool idea thanks

>>2842703
pretend the crypto is already gone but maybe the sun will shine
mutual funds/etfs are fairly relaible moderate growth
savings account because you're not a fucking moron

90% bitcoin 10% litecoin
forget about it for 5 years

>>2842703
>Why tho
Crypto - gains
Vanguard - interest
Savings - money to spend day to day so you don't touch the other two.

>>2842716
antminers are barely profitable now, and certainly wont be in a years time

>>2842726
Wtf is crypto and vanguard though? I don't feel like I stressed enough that I have zero knowledge in any of this shit and its my first time on this board

>>2842743
google bitcoin
google mutual funds
google hello im new to investing

>>2842740
Oh I thought you meant ant farms nevermind

buy silver

>>2842743
Crypto = bitcoin. Wait for a good dip in the market and buy some of it via coinbase.

Vanguard - mutual fund, basically. Solid returns year after year. Google that shit and send them your dollarydoos before you blow it on gay shit.

>>2842750
I mean that's pretty much the reason I came to this board, if you guys are just gonna tell me to fuck off and ask somebody else then idk why you even replied to my thread

>>2842771
Don't come to 4chan unless you've got thick skin. I told you everything you need to know at >>2842763

>>2842752
we do mean ant farms

OP i'm guessing you are UK based, therefore open up a stocks and shares ISA at Hargreaves Lansdown.

Once done put your money into an ETF fund such as HSBC FTSE 250 Index, Legal & General International Index or anything on the wealth 150 list. Leave it for 5-10 years

>>2842805
Like those cool little glass trays with lots of dirt and ants in it and you can see the ants making tunnels and stuff. I think I had one when I was a kid but I forgot I had to give them food so they all died

>>2842821
What will happen in a decade then

>>2842798
Naw I go on 4chan all the time, like I said a couple of times I'm new to this board lol

>>2842826
you will have grown your 5k

>>2842834
By like how much though

>>2842843
I cant predict that.

maybe like 60-80%?

>>2842843
if you're smart you can expect something like 10% annual growth

>>2842901
What if I'm below average

>>2842823
My sweet summerchild

>>2842921
That was obvious by your posts. Go back to /v/ or whatever shithole you hail from if you aren't gonna even try to learn for yourself, faggot.

>>2842982
Stop posting her, it hurts.

>>2842642
I like how you left the 'k' off the 40, so technically what you say is true ;)

>>2843015

>>2842982
Who's that girl

>>2843308
My sister <.3

>>2842611
>Just found out I'm inheriting £5k from my grandma. What do I do with it?

UK small cap fund in an ISA tax wrapper

Forget about it for a few decades

http://www.iii.co.uk/investing/factsheet/UM62/schroder-institutional-uk-smaller-companies-inst-acc

>>2842684
I WANT VANGUARD HELP SENPAI
i want vanguard but when i get to their site i get so many different services they offer it confuses me.

i'm simply looking for an account i can deposit funds to and they pay me montly a percentage of interests and i can deposit money in the account on any time.

>>2843409
READ IDIOT. GO TO PERSONAL INVESTMENT YOU FUCKING RETARD

>>2843409
>get a wealthy relative to die
>get >10k inheritance
>invest in small cap admiral shares

Alright OP, a little spoonfeeding
/biz/ is currently gung-ho about cryptocurrency, a new form of digital money secured algorithmically, because the total amount of money in the space has increased by 5 this year. Some /biz/raelis have made 10x, 100x, even 1000x returns on their money, and there's a resulting collective madness. Cryptocurrency is highly speculative. Many think this is the future of money, just as many think this is horseshit. There's heaps to learn about the stuff, you have to use google if you want to get anywhere. Would not suggest to put too much of your money in it, if you end up liking the idea throw £100 in bitcoin and ethereum but no more until you get more comfortable with how it works.

Otherwise, you've got investing in the stock market. You don't want to try trading, and you don't want even an expert trader to manage your money; the market outperforms most humans in the long run. Look up "index funds" instruments in your country, ideally with fees under 1%, and try to find something tax deductible as well. You can expect annual returns of 4 to 7% per year, so this is more of a long run thing, and relies on the belief your country won't face a collapse for the next 10, 20, 30 years. But it is the safest investment around by today's standards.

Yet another option is also to stick everything in an accessibe savings account keeping up with inflation. 5k will not turn to riches regardless of your investment vehicle, but it's good "oh shit" money for any curveball life throws at you.

Good luck.

>>2844377
Quality post, listen to this anon

>>2844762
that or just buy bitbean