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/biz/ - Business & Finance


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9393227 No.9393227 [Reply] [Original]

I’m in the Army and have been hoarding my money ever since I enlisted. I’m at $21,000 in my savings right now and have zero bills except car insurance and cell phone. My question is what should I do with my money? One of my guys talked to me about dropping it on mutual funds with eTrade. Now, I’m fucking stupid finiancially. As you can see, I’m hoarding money in a savings account that gives me 20 cents a month in interest. Any advice? Should I drop $10,000 into mutual funds and except 7-8% over the year? I plan on adding $1,500/month to that.

>> No.9393280

>>9393227
Also I work 12-16 hours a day so I don’t have much time.

>> No.9393289

>>9393227
Go all in Litecoin LTC, thank me later.

>> No.9393313
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9393313

>>9393227

>> No.9393319

>>9393227
Listen to your friend

>> No.9393328

>>9393227
Buy yourself 1 BTC and 2.5 ETH, put the rest into a proper mutual fund.

>> No.9393343

>>9393227
Don't invest in crypto since it's literally impossible to predict the future, especially with whatever monopoly algorithm 'they' (yes one person owns most supply) use.

>> No.9393359

>>9393227
all in on XLM or BTC or ETH

>> No.9393361

You're best bet is some bullshit fund since you don't have the time to physically invest it.

>> No.9393459

You aren't saving anything in a fuckig savings account. The Jews are confiscating your wealth through inflation. REAL SAVINGS is converting your Jew federal reserve debt notes into gold and silver. Gold and silver is real savings.

A currency crisis/reset is coming. When the reset happens there is going to be a deflationary collapse of all asset prices and gold will be revalued overnight multipe times higher than it is right now. And that 21k = about 14 ounces of gold and 14 ounces of gold converted to the new currency will probably buy you at least 7 homes outright no mortgage.

>> No.9393474

>>9393361
Nope. What I said above. Gold and silver. Why would you put your money in a fund and let some faggot manage it.

>> No.9393486

>>9393227
Do not put your money in crypto, do not take any advice whatsoever from /biz/ go to a broker. If you end up putting your money in crypto, do so without listening to anyone here. This place is fucking full of poor brainlets.

>> No.9393523

>>9393227
all in on iExec
risk it to get the biscuit pussy

>> No.9393560

>>9393486
A broker??? LOL. Yeah don't listen to biz but go listen to a fucking broker.

Gold and silver OP just like I Said.

Actually... your best bet is to put half into gold so your hedged for the currency crisis and the other half in crypto... 1 coin or split between two coins.

That's honestly the best advice. You are hedged and can also make mad gains.

Savings account is stupid cuz the kikes at the fed steal your wealth through inflation... and the stock market is only high because of criminally suppressed 0% interest rates and all the cheap money injected into the system to prop it up. And it will collapse make no mistake.

>> No.9393763
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9393763

>>9393560
>Gold
You see what I mean OP

>> No.9393784

>>9393227
$15k in index ETF (VOO)
$2k in each: Link, Xlm, Eth
sit on your hands for 4 years and you'll be the richet fucking grunt on earth

>> No.9393819

>>9393227
Keep 10k reserve in your savings account at all times for emergencies. Look up compounding interest and you'll see why a mutual fund is important. Put a decent amount of money in, the sooner the better. I'd also recommend putting a bit in crypto obviously. It's a moonshot and can quickly outperform years of compounding interest.

>> No.9393866

>>9393227
unironically go 100% in crypto. 25%Eth. 50% link and spread the remaining 25% into random moonshots

>> No.9393875

>>9393227
$21k into LINK. You'll have comfy $10 mil by the time you finish your contract.

>> No.9393898

>>9393227
Get one Bitcoin and 3 ethereum

>> No.9393910

>>9393819

yes but in which crypto? elaborate

>> No.9393916

>>9393227
I don't care what you do with your money fag boi, go buy a monster dong and stick it up your butt.

>> No.9393943

>>9393227
That's awesome. I'd at least put some of it in Crypto because there's a chance you could double or triple your investment in a short amount of time. The rest should go into a mutual fund I'd assume.

>> No.9393974

>>9393910
If I could only pick one crypto I would choose ethereum. Don’t worry about these other retard coins yet. If I had a large sum of money in crypto I would go 50% ETH 25% BTC 20% NEO and the rest on platform cryptos that got hyped last alt season hoping for epic moonz

>> No.9394069

Hello warrior companion

If you're planning on crypto, only invest a small amount that you're able to lose. I'm talking about 2% of your capital. Mutual funds is not a bad idea at all, look up Vanguard. Also look into some ETFs and REITs. What's your MOS, faggot?

>> No.9394182

>>9393974
>don't worry about these other retard coins
>shills NEO - an overvalued shitcoin platform that literally no one uses

>> No.9394223

>>9393763
Gold is fucking real money and has been real money for thousands of years you stupid brainwashed by Jews nigger

>> No.9394252

>>9393227
This is not a business board. This is a crypto idiot containment board. You're dumb for taking any financial advice from these crypto kids.

>> No.9394735
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9394735

>>9393227

>> No.9395313

i had a couple thousand in Silver....IT WAS THE WORST MISTAKE EVER

luckily i sold it for a LOSS and put it all in ETH before the big run up last year...

>> No.9395583

>>9393474
>Why would you put your money in a fund and let some faggot manage it.
>buys a piece of paper that says he owns some metal and lets a faggot manage it
Boomers were a mistake.

>> No.9395837

>>9393227
Put it into a firm/fund that invests in only small cap medical device/biotech stocks.

You won't be disappointed.

Telling you this cause I did the same when I got out of the Army.

>> No.9396023

>>9394223
Is that why you need to desperately shill it in every thread like a fat boomer

>> No.9396119

download robinhood and stick 90% in VOO or VTI, hold it don't sell.

With the remaining 2k you could buy 5 acre of land, download coinbase and buy crypto(bitcoin, etheruem), go on vanguard website, open an IRA, go to goldman sachs/ally and put in high yeild savings account, go to bank and buy a 12 month CD, buy 2 $100 hookers a month and have a threesome once a month for 10 months. go crazy buddy

>> No.9396149

>>9393560
this is bad advice

>> No.9396182

>>9393784
this is good advice

>> No.9396264

>>9393227
rich dad poor dad

>> No.9396335

>>9393227
why would you worry about things like this above your paygrade. hut hut hut. you will soon die for israel live for now spend like water enjoy life while you can

>> No.9396373

>>9396264
>Suggesting scams

>> No.9396391

Wouldn't offer anyone financial advice, but I can speak for my holdings personally.

40% of holdings in gold
60% in crypto (~40% Basic Attention Token, ~25% Bitcoin Cash, 25% Ethereum, 10% Stellar).
$2k in checking acct

My only regret is not having a position in silver, it's criminally underpriced. Metal is money and has been for thousands of years.

>> No.9396400

>>9396182
+1

>> No.9396438

>>9394069
11b 3/75th D Co

>> No.9396553
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9396553

I started with 15k in crypto and now I am sitting just above or below 100k (given the market fluctuations). My ATH was $150k in January. I started in September. Do what you want OP but do you want to continue wagecucking for 10-12 hours a day until you can maybe, hopefully retire 20 years from now? Why not retire now?
If you are going to do this, after weighing all options, consider your entry into crypto like starting a fire with no lighter. You will need to spend a ton of time and energy trying to 'catch a flame' then even more time/energy to build that flame before it dies back down. But once the fire starts to roar, you can just sit back on your gains and let it work for you.

>> No.9397252

MAZACOIN on cryptopia

>> No.9397305

>>9393227
yes sure sir I have the investment advising you looked for. Please sir deep brain chain buying for grow a lot of money. Also buying ChainLink for great investment

>> No.9397348

>>9393227
Im a Student of Finance at the University of Zurich, I recently discovered something very intriguing and have been losing my mind and time about it, basically, in 1876 economists and mathematicians theorised the existence of a economic-ecosystem that had reached a form of transcendence - creating an endless positive feedback loop. They proposed that such a system entering this state would begin what they called the Golden Bull Run. Various mathematical models were created to show what this Golden Bull Run would look like.

Through my PhD research I believe cryptocurrency may be entering the early stages of a Golden Bull Run. In this stage early investors could potentially earn an endless supply of wealth - as the system generates tangible wealth rather than just moving it around.

Economists believed that the slow nature of the stock market meant that harmful players could sabotage the emergence of the Golden Bull Run before it could get started. However it looks like the extremely fast paced nature of cryptocurrency means it is not susceptible to these types of attacks.

If I am right we could see something never before experienced in the history of the universe. So buy BTC and then hold on while you can - takeoff is imminent.

>> No.9397374
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9397374

>>9393227

>> No.9397388

>>9393227
Mutual fund is sound and safe. That's good advice. Don't know if we'll see a market correction soon but it is a good place to park it. If you want to get into crypto, set aside a few hundred dollars and buy a little BTC, ETH, and such. Don't go balls deep just yet. And if you feel like you've been bitten by the bug like a lot of us have, then you can delve deeper into the altcoin world.

>> No.9397398

>>9393227
all in chainlink. add every paycheck, even if its 200$ or w/e. Hold for 3 years.

>> No.9397411

>>9393784
>link
So delusional

>> No.9397417

DO NOT BUY STOCKS OR BONDS OR ANY SHITCOINS THESE FUCKING RETARDS TRY TO SHILL YOU. DO NOT USE BINANCE BITTTREX GATE OR YOBIT. DO NOT GIVE YOUR MONEY TO CHINKS NIGGERS OR INDIANS

>> No.9397568

1 BTC and 10 ounces of physical gold.

>> No.9397964

>>9393227
you sound like a decent guy so you should listen to your friend

>> No.9398997

>>9393328

This.

>> No.9399574

>>9395837
Be careful with medical/biotech. You can either come out rich or lose all of your investment.

>> No.9399685

>>9393227
listen to your friend, but talk with a professional that can help you diversify your portfolios (outside of just MFs) to adequately plan for your future.

>> No.9400885

>>9394252
Reminder that this is the one correct advice.

>> No.9400977
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9400977

>>9393227

1000 USD in each of these:

>ARK
>ENIGMA
>OMISEGO
>GROESTLCOIN
>NEXUS EARTH
>COLOSSUS XT

It's a 6000 USD investment that will x100 atleast. Remember, blockchain is evolving. Buy the future.