/biz/ - Business & Finance

[Anonymous No.16769862]

$20,000 in the bank.

Do I buy a house or get an apartment and put the money in index funds?

[Anonymous No.16769881]

>>16769862
Put it all into a shitcoin of your choice. Go balls to the wall, don't be a pussy. "safe investments" are for wagecucks with no balls or rich boomers. Real estate is for inheritors or rich boomers. I would save up more first though.

[Anonymous No.16770439]

>>16769862
I would put it in CENNZ if I were you, a hidden gem and definitely will hit 100x in 2020

[Anonymous No.16770461]

>>16769881
this is correct.
the only chance poor people have to have an enjoyable life is to take big risks as often as possible. otherwise you will work until old age at a minimum, more likely until death.

[Anonymous No.16770465]

>>16769862
>only has 20k and wants to get locked into a house payment
Cringggee

[Anonymous No.16770477]

>>16769862
I have that same shirt.

[Anonymous No.16770566]

>>16770477
What about your smile?

[Anonymous No.16770578]

>>16769862
20k isn't much to be honest. If that is all the money you have, honestly I would sit on it. Put the 20k in a high interest online savings account and continue to save. Once you have 6 months of expenses saved in cash, you can consider other options.

Do you have high interest debt? Pay that off first if you do.

Whether you use extra cash for a mortgage down payment or choose to invest it will depend on whether you want to go down the road of home ownership. Beware, it can be a fucking money pit and should be seen as a lifestyle choice and not an investment.

Ignore the crypto tards here, this forum is overrun with them and they are clueless. If you really want to invest safely, go with a mix of traditional mixed stock and bond funds and feel free to take some crypto positions with a smaller percentage of your capital.

[Anonymous No.16770595]

>>16770578
20k is more than 6 months of living expenses for me.

[Anonymous No.16770599]

>>16770578
>Put the 20k in a high interest online savings account and continue to save.
Such as?

[The Devil !!IS5d++ZfZqB No.16770604]

>>16769862
That's a make it stack of LINK.

[Anonymous No.16770618]

>>16769862
dividend drip

[Anonymous No.16770624]

>>16770566
I got a pretty damn good smile. I didn't even need braces.

[Anonymous No.16770625]

>>16770599
https://www.bankrate.com/banking/savings/rates/

[Anonymous No.16770653]

>>16770599
I have a Discover account that gets 1.7% Obviously this is virtually nothing, but better than a brick and mortar bank. I tend to keep 40-50k in it. I use it as a safety fund and as a liquid source for toys I want to buy - gaming, mountain bike stuff, etc.

How old are you? What is your life situation? The point is to make sure you have about 6 months worth of funds in a stable and liquid form, then you can choose to use the surplus for other things.

[Anonymous No.16771085]

>>16769862
Can't look past ALGO or BAT bro

[Anonymous No.16771093]

>>16769881
This. All in crypto. All other suggestions are from homosexuals.

[Anonymous No.16771109]

>>16769862
get an apartment, better yet live out of a truck with a camper shell and invest 100% into chainlink.

[Anonymous No.16771120]

Just hodl for 30 years lmao

[Anonymous No.16771131]

>>16771120
and put 500$ each month while waging 5 days a week 10 hours.

[Anonymous No.16771485]

>>16769862
Closing costs are 2 - 4% for a property. You want at least 20% down payment for a home purchase. After closing, you also need to have six months of mortgage payments before the bank will even consider the loan

[Anonymous No.16771596]

>>16769881
This... 100x yolo longs on the minute chart.

[Anonymous No.16771617]

>20k.
>buy a house.

Yeah bro, at least a 30 room mansion, but save a little so you can fill the garages with lambos.

[Anonymous No.16771637]

>>16770578
>invest 20k safely
if you want to be a wagie the rest of your life, ya