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/biz/ - Business & Finance

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24698110 No.24698110 [Reply] [Original]

Okay so first time posting here son dont skin me alive yet.

I'm a 30 y/o wagecuck, with very little savings and wanting to invest my money.

As of right now I have 15k € in savings, but Im only willing to invest about 2-3k, at least at first. Im also willing to add about 100€ per month to that amount.

What are my best choices here? Keep in mind I know nothing about finances and investing, but I dont want my money sitting on the bank and losing value every day.

What do?

>> No.24698119

>wait for BTC to dip
>buy BTC
>HOLD FOR MULTIPLE YEARS
>profit

>buy stocks(ETF's)
>profit

im doing both

>> No.24698131
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24698131

>>24698110
https://www.youtube.com/watch?v=Cg10yYZjK94&ab_channel=RealVisionFinance

Watch real vision until you aren't retarded anymore.

Long story short put all the money you don't need in the short term into bitcoin and wait.

>> No.24698156
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24698156

Also pump up those numbers kiddo. You should be investing 1-5k in the market every month.

>> No.24698171

>>24698156
Remember Im a wagecuck, I only make 1700 a month with my job.

>> No.24698191

>>24698110
lurk moar, srs. Threads like these keep the good advice away.

>> No.24698217

>>24698119
>>24698131
The entire popularity of bitcoin is due to people who pretend they want to abolish inequality but want to become the 1% of a new libertarian world where they get to piss on everyone else because they mined a few hundred BTC in 2014.

>> No.24698237

>>24698217
You have no idea what you are talking about.

Bitcoin has nothing to do about abolishing inequality. it's all about being the ultimate store of value over the long term.

>> No.24698353

>>24698110
If you wanna safe bet, just buy BTC and ETH. You obviously won't become a millionare out of it but can at least multiply your stack. Also, don't buy BTC or ETH at a current prices as a long term investment. I'd personally buy BTC below 10k and ETH below 250$ for long term

>> No.24698459

>>24698217
You're a retard. Some early crypto people were either ultralolberts or ultra anarchofags but 98% of people buying and selling crypto these days are not doing it for some pretense of philosophical best-world scenario. We do the purest of reasons, for the money.

>> No.24698484

>>24698171
So do I, still invest 1050€ a month (60%)
German wagecuck here. Live below your means or the future will be bad dude

>> No.24698492

>>24698110
https://www.retirementplanb.com/
He has a free four part series, use a temp email to get the stuff. It's genuinely good.
The guy is Bitcoin OG. Look into his Bitcoin talk from 2009.

>> No.24698494

>>24698110
If you wanna bigger gains you should look into shitcoins and ICOs. But you should to understand that's a risky stuff and you can lose a lot of money with shitcoins. Also, almost all of them going through their hype cycles and then bleeding out untill they will reach zero. Just look at 2017 era shitcoins. 95% of them are dead. But some of them eventually end up as a great investment (LINK, SNX, AAVE). But you should research a lot and be really lucky to pick them

As you may notice rn we are going through DeFi hype cycle. Alts like AAVE, YFI, RSR look decent right now. But nobody really knows what will happen with them in 1-2 years. In any case, I don't recommend to invest in them at current valuations since they are already too high. It probably make sense too look into them after some price correction

>> No.24698570

>>24698217
memes aside i see very few bitcoiners who pretend they want to abolish inequality
to be sure, many claim they wish to dismantle or circumvent the current banking system, which in itself creates human suffering and inequalities
this is not the same claim as wanting to abolish all inequalities
likewise, many hope they will be rewarded handsomely for their participation in the experiment
this is not the same goal as wanting to be a billionaire oppressing the masses
bitcoin is shit but your argument is shittier. you should try r/buttcoin, plenty of cynics capping out at 110iq will clap for you as one of their own

>> No.24698594

>>24698119
>buy stocks(ETF's)
Which ones?

>> No.24698648

>>24698110
You are supposed to post a picture of your ass with a sharpie in your butthole as your introductory picture.

>> No.24698663

>>24698594
SPY. Or weed ETFs

>> No.24698678

>>24698131
Raoul Pal is a scammer

>> No.24698699

>>24698110
>Keep in mind I know nothing about finances and investing
You should first invest your time into learning about finances and investing. Failure to do this will only lead to tragedy. Learn to fish, not to beg for handouts. Decide your vehicle, Real estate, Stocks, Crypto, and learn everything you can.

>> No.24698726

>>24698699
I mean there MUST be something for retards like me to invest, I dont care if they charge me, I just want to give them money and forget about it, just watch it grow and get it back if I need it.

>> No.24698738

>>24698110
>hi leddit first time poster here teehee
Go back

>> No.24698761

>>24698110
Idle

>> No.24698764

>>24698726
Check out a robo advisor then.
You pay fees but it’s hands down the easiest way to invest

>> No.24698765

>>24698726
Did you read my post stupid OP.

Go all in bitcoin and fuck off.

>> No.24698782

>>24698726
Oh and it’s not worth your Time if you can only save like 1,2,300 a month, it’s not like your none loses much value at the Bank anyways

>> No.24698868

>>24698782

I mean it does lose money due to inflation right? Also if I add 100-200 each month it adds up to a decent amount?

Im considering doing the following each month:
-Save 50-100
-Invest 100 with a robo advisor
-Buy 50€ worth of crypto (if the time is right)

I know Im not gonna be rich that way, but its something?

>> No.24698962

>>24698484
Christ eurofags youre making me almost feel bad to be an American. Europoors.

>> No.24698978

>>24698868
What's your job right now and what does it pay? What country are you in? Do you have a college degree? It's never a bad idea to invest in yourself through education to improve your station and your mind.

>> No.24698996

>>24698978
Im a programmer.
It pays 25k€ / year
Spain
No college degree

I want to quit programming because it makes me want to kill myself every day, but I dont know what else do.

>> No.24699013
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24699013

>>24698110
Wow you are poor as shit but at least you are still investing and have low expectations so that's good. My advice: do some research, find two relatively small cap shitcoins with VC backing and good fundamentals. Put a third on each of those every month and a third in bitcoin. Take 8% profit every time you see a doubling and either bank it or invest in a new and different shitcoin. Make sure they always have good fundamentals and make sure to always DYOR.

And for fucks sake anon, invest your time in finding a better career you are in your 30s now and still just above the poverty line.

>> No.24699038

>>24698570
What makes you think Bitcoin is shit? Just curious.

>> No.24699055

>>24699013
I mean I know Im not doing great but I'm better than 90% of the people my age I know. I manage to live on my own, have a paid car and stable job.

I know my field pays really good, but I just dont have the motivation, I hate programming and anything tech related.

>> No.24699089

I've been looking at cryptocurrencies and while I have no idea, it looks like its a bad moment to buy bitcoin, but ethereum seems to be about to take off.

Should I buy -lets say- 300€ worth?

>> No.24699979

>>24699089
Jeez you can’t be helped op.