Should I invest if I have $5000 only?

[Anonymous No.20895047]

I'm a 20yo broke college student thanks guys

[Anonymous No.20895061]

>>20895047
Invest as early as possible

[Anonymous No.20895060]

>>20895047
No. Why would you want to start small and early?
Better wait for retirement and start investing after you have some money to invest.

[Anonymous No.20895073]

>>20895047

[Anonymous No.20895088]

>>20895047
no way dude it makes no sense to invest unless you're ALREADY rich and could retire.
ngmi

[Anonymous No.20895100]

>>20895047
>>20895061
>>20895073
Literally as much crypto as possible OP

[Anonymous No.20895114]

yes, just not all of it and do a workjob to make more money to keep up on top, then invest more when you feel comfy.

[Anonymous No.20895123]

>>20895047
>$5000
>broke college student

Trust fund baby?

[Anonymous No.20895265]

>>20895047
How does $15000 sound, because that's what you'll have in 2 months if you invest now

[Anonymous No.20895305]

>>20895265
invest in what fren? :)

[Anonymous No.20895412]

>>20895305
Buy as much Link as you can

[Anonymous No.20895515]

>>20895412
Mixed on that, I see other people say it is a scam and then others say buy.. will have to research

[Anonymous No.20895745]

>>20895100
Isn’t the crypto bubble over in like 2017 or something?

>>20895123
Its 4000usd, I thought most college students had at least 10k? I saved 2k from working, 500 bucks from selling stuff online and yea the rest are from my parents

>>20895114
Hmmm... robinhood?

[Anonymous No.20895954]

>>20895047
Bamp

[Anonymous No.20896032]

>>20895745
Yeah, that's reasonable. But pretty weird to call yourself broke when you're only 20 with $4000 in the bank.

[Anonymous No.20896065]

>>20895088
Checked. Investing is a waste of time unless you come from a rich family.

[Anonymous No.20896091]

>>20895745
dude, I had less than $1K while I was in school, you silver spoon eating piece of shit.

Anyways i'm 25 with 120K NW now so yea invest and don't consoom.

[Anonymous No.20896159]

>>20896091
I'm 22 with a 120k nw and I started with $35 in my checking account at 21. No school. How does it feel boomer?

[Anonymous No.20896166]

>>20895047
Use a backtesting tool like what Shrimpy has. 2017 bullrun could turn $5000 into 2 million in a properly setup rebalancing portfolio (even allocation, 20-25 assets, 1% threshold rebalance, maker trades only).

[Anonymous No.20896254]

>>20896091

Do you guys count your houses & real estate which calculating networth? or do you only count cash, stocks and crypto

[Anonymous No.20896337]

>>20895515
>we live in a time where people think Link might be a scam

[Anonymous No.20896620]

>>20896032
I commonly see people advocating for 6 months of savings and I barely have two, so I thought I’m poor. Also loads of students in college blow cash like it’s nothing as well

>>20896091
Yeah I’m pretty frugal and love saving, but damn how did you even survive tho?

[Anonymous No.20896675]

>>20896620
Saving while the dollar is losing value visibly? That is one hell of a losing strategy. Money with velocity - assets are ALWAYS ALWAYS ALWAYS ALWAYS going to be better than fiat in a bank with 0% reserve requirements and the threat if negative interest.

[Anonymous No.20896704]

>>20896620
>loads of college students blow money like it’s nothing

Those goyim are letting the kikes win. Don’t be like them. All in LINK. Godspeed young friend.

[Anonymous No.20896727]

>>20895745
>>20895114
btc and eth

[Anonymous No.20896743]

>>20895123
>20 y/o
>only $5000
>trust fund baby
Lmfao, the absolute state of poorfags

[Anonymous No.20896772]

>>20896337
The FUD is working and that is good. More time for us.

[Anonymous No.20896786]

>>20895515
>say it is a scam
>most DeFi apps using Chainlink
>right before the golden DeFi bullrun

[Anonymous No.20896796]

You should invest in TRND if you want half a mil

https://app.uniswap.org/#/swap?outputCurrency=0xc3dd23a0a854b4f9ae80670f528094e9eb607ccb

[Anonymous No.20896817]

yes, all in on link

[Anonymous No.20896894]

>>20895305
If you're just going to hodl and not do a lot of trading, buy BTC, ETH, and LINK. Pick your entry point for the first two whenever you think it's a good time. Recommend checking https://cryptoalerts.ai/ for when it says RSI oversold for them and buy then so you don't get pissed off at buying the top. Just buy LINK whenever, I can never predict what it's going to do other than assume it'll trend upwards overtime.

[Anonymous No.20897174]

>>20896786
>>20896894

[Anonymous No.20897515]

>>20896817
I dont know who to trust anymore

[Anonymous No.20897704]

DO IT

[Anonymous No.20897747]

>>20895047
Yes, how much do you want to make, what time frame and how much risk?

[Anonymous No.20898558]

>>20897747
1 Trillion dollars, tomorrow, no risk.

[Anonymous No.20898605]

>>20897747
I want to make a couple hundred dollars a month, maybe $50 would be a nice start. I'm willing to gradually invest till I graduate college in 3 years time, hopefully making $1000 per month or even more. Risk isn't super large, I don't have alot of money rn so I don't rly wanna lose more than $200

[Anonymous No.20898625]

Stay all in USD I heard it's about to moon

[Anonymous No.20898642]

>>20895745
>isn't the crypto bubble over in like 2017 or something?
>20yo

HOLY FUCK BOOOOOOOOOOOOOLISH IM COOOOOOOOOMINGGGG O MA O MA O MAAAAAAAA GOOOD IM CCOOOOOOOOOOOOOOOMINGgggggggggggg

[Anonymous No.20898925]

>>20895047
I used about $2k for marketing for a shopify store I set up, made about $10k revenue in 3 months (only around $2k profit), then sold the store for $4800. The results aren't fantastic, but I dont really know what Im doing and it wasn't exactly a lot of work (maybe 20 hours of actual "work" not including research). If I can do it basically anyone can.

I think your potential returns are a lot greater with flipping ecomm sites (or just eventually running your own successful brand) than with basically anything right now other than lucky 100x shitcoin. Even if your store loses money (mine didn't, but it doesnt matter much), shit like your email list and ad pixel have immense value. A niche ad pixel is basically just paid for market research, and a skilled marketer can make it profitable, usually pretty quickly.

[Anonymous No.20899302]

>>20895745
>I thought most college students had at least 10k
lmao

[Anonymous No.20899341]

>>20895047
Buy a XSN masternode and a ledger nano s ASAP
You'll make it

[Anonymous No.20899694]

>>20898642
what does this mean

>>20898925
Makes sense, what did you sell?

[Anonymous No.20899924]

>>20899694
headphones, smart watches and fitness bands

I wouldnt recommend that specifically though, or any tech product really, its hyper competitive. Its also kind of a one and done sales model until you launch a new model or something. There's no real reoccuring revenue, and I found it sort of difficult to logically implement a subscription system (just look at the physial product brands who try to launch SaaS products/paid-for services, most of them end up failing miserably at one or the other, or go decades with no profit). Search results for tech is also dominated by paid-for reviews and showcase posts. 95% of all the big tech news sites just take money to push out prewritten articles on products. Forbes inluded (even though its not specifically tech-related, its for some reason reputable).

I moved into a more homestyle niche, but something like lawn care would be a good choice. Lots of people are at home, trying to keep busy, and not many people have perfect, beautiful yards. You could do something like sell a grass nutrient/pH blend (you can wholesale that shit pretty easily, all the chemicals needed are available online in bulk). Im sure there's affiliate and private labeling opportunities for that as well.

You can also get customers to sign up for a newsletter for exclusive lawncare/gardening tips, and maybe interviews/guest articles from a big name in the space, promotional offers (its pretty easy to get custom discount codes from businesses offering complimentary products and services), etc.

You then use your newsletter/email list to sell a higher ticket product like a rototiller, lawn fertilizer, airator, etc

[Anonymous No.20900004]

>>20899924
Oh sweet, wasn't expecting such a detailed reply. Yeah, tech is hard ti earn money from, so many peoplr and knowledgable ones at that. How did you even manage to compete with wholesalers or large online stores anyway?

[Anonymous No.20900018]

>>20897515
i'm joking, but honestly if i were you i'd just take 3k and spread it like 25% btc 25% ETH 25% XRP 25% link, and keep the rest 2k ready for the case that there's a huge dip, to buy more cheap

[Anonymous No.20900124]

>>20895060

[Anonymous No.20900202]

>>20900004
I'd compete by taking less of a profit margin and having a lower customer acquisition cost. Most tech companies are running on like 90% margins (on their cost of goods), and then dump millions of dollars into expensive ad campaigns where they basically bash their product over a customer's head until they relent. They have insane overhead, insane r&d budgets, etc, so they have to charge 2-3x as much as they probably should, and depend on brand loyalty to give their product more value.

I could sell my shit for half as much as large companies sold similar products, and around the same price as other small private labelers/dropshippers/wholesalers. But, because I had no brand loyalty, and didn't have the money for an expensive awareness campaign, I was basically depending on people impulse buying random stuff on facebook, and was having a really hard time profitably scaling that, so I pulled the plug.

[Anonymous No.20900272]

all depends on how bullish u are of btc. I'd say 40% btc 40% eth, 20% altcoins atm.

unless u want to swing trade. I'd invest it all into EDI at this moment before the bitboy video. you'll likely make an easy 1.5x

[Anonymous No.20900535]

>>20895047
Save for a downpayment, just hold cash for now. It's boring because it's true. In a few years get into stocks and make certain you aren't just gambling on high volatility bullshit (tech, forex).

>>20895100
>>20895412
>>20896704
>>20896796
>>20896817
>>20896894
>>20897704
>>20899341
>>20900018
>>20900272
Crypto is for fucking retards including, but not limited to, poor Westerners and desperate Pajeets - it's purely speculative and significantly higher risk due to scams and lack of tangible value.

[Anonymous No.20900697]

>>20900535
>just hold cash for now
Yeah have fun with that.

[Tampanon No.20900865]

>>20895047
Invest in yourself and get the oscp. Then put what's left in monero. This is the best advice you will ever get from this place
>t. 2014 oldfag

[Anonymous No.20901035]

buy 2 oz of gold hold the rest as cash, if gold ever goes down again, buy moar.

[Anonymous No.20901090]

Ditch all cash. US dollar is going to die around election time when trump gets reelected or Biden wins and is outed as cognitive decline. Buy literally anything that isn't based in USD. If climate change keeps up, I'd be buying russian real estate.

[Anonymous No.20901137]

>>20900535
>hold cash
AAAAAAAAAHAHAHAHHA

youre a fucking retard.