[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 34 KB, 500x319, Gold_Bars.jpg [View same] [iqdb] [saucenao] [google]
821315 No.821315 [Reply] [Original]

I have 50,000 and I'm 19, what should I do with it?

>> No.821317

>>821315
pay debts
keep 5k left over for emergencies, dont touch this unless you urgently need it and cant get the money another way
if u have over 5k left put it in to a an ETF, vanguard.

>> No.821318

>>821317
>ETF, vanguard.
Is that like a non managed Index fund?

>> No.821322

fug

>> No.821324

Invest in remarkable Indonesia

>> No.821326

BITCOIN

>> No.821348

Give it to the poor

>> No.821358

>>821318
google vanguard
it sounds like u dont know what ur doing so just do a vanguard, also, how much can u invest (granted u take off debts and that 5k emergency fund)

>> No.821364

>>821315
Nothing because you clearly have rich parents and you'll be set regardless. YOLO

>> No.821365

>>821364
or maybe he saved up over the years of working at maccas

>> No.821372

>>821365
I guess so. If he made $8 p/h and worked 10 hour days every day for 1.717 years.

>> No.821381

>>821358
I can invest all of it

>> No.821386

>>821381
well sweet then
idk how much a vanguard can u return but lets say its 8% (inflation already deducted) and u have 45k to invest thats 3600 safe money from passive income each year, which if u just keep in that vanguard. In 10 years u will have doubled ur money.

If you have a sinccere interest in the markets then you could use 5k of that to trade/invest urself.

I started with a little more than 3k, lost down to 2.5k and now im at a growth of 40% over 4 years.

>> No.821388

>>821386
I googled vanguard and lots of stuff came up, which particular one can I trust?

>> No.821390

>>821388
https://www.vanguardinvestments.com.au/au/portal/homepage.jsp

>> No.821391

>>821388
https://global.vanguard.com/portal/site/home

>> No.821394

>>821390
I am honest that I don't know much about all this, but please tell me if I have this right, So I invest with Vanguard and they will disperse my money into a wide array of investments in a way that guarantees a small profit instead of the possibility of massive losses or gains, they take a percentage of the profits and the rest go on to me? Is this essentially how it works?

>> No.821396

>>821394
give or take yeah, also, there will be some tax things involved with this that i dont understand because ive done an ETF or vanguard. But, i assume you will have minimal taxes as long as u dont take your money out and stays in their account aside from teh dividend.

>> No.821397

>>821315
I second vanguard ETFs.

I would personally put most of it in a US stock market ETF at your age. An 80/20 stocks/bonds mix would be ideal but do your own research like the other anon said.

I would also have an ounce or two of physical gold even if it hurts my gains, but I'm paranoid. It helps me sleep at night knowing that my monies won't pull a Venezuela or Greece on me though. It's like my shiny teddy bear.

>> No.821398

>>821397
I live in Australia, Are you suggesting I invest overseas?

>> No.821406

>>821398
all of there funds will be good
look at the australian ones

I recomened u do the riskier ones granted u feel comfortable

>> No.821408

>>821398
US stocks stronk!

But really, the US has the world economy by the balls. They will burn only after everyone else does. They are a pretty safe bet. An ETF will give you a great cross section and keep your risk to a minimum.

However, invest in what you believe in. Research will help loads here. There are foreign stock ETFs on vanguard as well as bond ETFs but I'm not well versed with them.

It all depends on where you believe the most growth will be and what your appetite for risk is.

>> No.821409

>>821408
There seems to be an entire Vanguard page for Australians, and I do have a lot of confidence in Australias Market tbh

>> No.821411

>>821408
this is accurate

>>821398
get a US one, since u dont know much about them (and i dont either) what i suggest is u look at a very broad one that includes maybe the top 300 companies in US or 500 or whatever and has a good return history.

i take it ur parents gave u this money, just out of curiousity, you going to do tertiary education

>> No.821415

>>821411
Parents gave it to me, why would I lie

>> No.821416

>>821411
But I understand that 50,000 Ausbucks is gonna be less Muricabucks, is it still worthwhile?

>> No.821417

>>821415
No one said you lied bruh

Australia has its vanguard, but I would personally put it in the US market, the ASX is shit imo.

>>821416
Yeah way less and with the china situation our dollar is probably gonna go to shit

>> No.821418

>>821415
im glad that u are looking to use this money wisely

tell us about one of the vanguard funds that ur looking at and i will tell u my thoughts?

vanguard manages 3.1 trillion worth of assets (i believe) so it is in safe and experienced hands

>> No.821423

>>821418
Wow, they are too big too fail

>> No.821424

>>821315
so what u do when u wanna buy this ETF or wahtever

>make a brokerage account with a big broker, commsec, nabtrade (i use but they often have techncial difficulties, but it wont matter cuz u wont touch this for years)...etc
>type in the code of the ETF
>buy $xxxxx worth of shares in the fund

I recomend VAS (that's the code for the ETF) which is on the ASX

simply google asx vas and some info will come up about it


obviously, u can do this for international ones as well or other ASX ETFS

>> No.821427

>>821423
i never suggested that they wont fail, im just saying that with that much public trust in them they must have a solid reputation

>> No.821428

>>821315

Op, fuck these faggots. Start up a small business or travel the world. Invest in heavy equipment and start making dosh. Stocks are for faggotsor those w more money than they know what to do with

>> No.821429

>>821428
good perspective, if ur willing to put in the hard work and have that entrepreneurial spirit then sure make a start up

>> No.821431

>>821428
I don't know anything about business though... I'm not full of myself enough to think I'd have a single clue how to start, and just end up wasting my good fortune

>> No.821435

>>821431
what are ur thoughts on the vanguard idea?

>> No.821445

>>821435
Sounds fine to me, sounds like my best option, considering I know very little about the stock market but would like to be able to give myself a secure income.

>> No.821453

>>821445
dont worry if it goes down over the course of the year, it wil come back up it will average out

talk to ur parents about it and see what they say, if u know any friends thats in to the markets talk them as well to gain a bit more understanding


CBA
Commonwealth Bank of Australia 9.8%
•
WBC
Westpac Banking Corp 7.1%
•
ANZ
Australia and New Zealand Banking Group Ltd 6.3%
•
NAB
National Australia Bank Ltd 6.16%
•
BHP
BHP Billiton Ltd 6.14%

Those are their largest allocations and the percentages they are allocated

dividend yield is 4.32%

>> No.821455

Market wide index fund and hope the world doesn't go to shit and WWIII doesn't occur within your lifetime.

If that doesn't happen you can retire with an extra million in the bank.

>> No.821457

>>821428
>>821429

The risk is far greater than just putting into an index fund.

Besides OP is 19. He has no industry experience of any kind yet. Why would he be starting a business at this point? That's at least a decade too early.

>> No.821459

>>821457
it's never to early to start a small business, i wouldnt do it, i simply dont have the balls so I stick to my stocks

>> No.821509

>>821459
Is 12k enough to start in the stock market? My Dad trades stock for a living and tells me that it's not enough and I feel like he's just protecting me.

>> No.821511

>>821459
>>821509
I'm also 19 if that matters. I'd love to trade stocks for a living

>> No.821759

>>821509
>>821511
It is enough, but the fact that you don't already know that tells me you are not ready to be picking stocks.

>> No.821806

Buy a multi family! Best move you can make when you move out. Trust me. Mine is paying for itself. Then when you get allitle more money, buy a house and rent the other units out.

>> No.821863

>>821315
Check it out: https://www.bogleheads.org/

The often recommended Vanguard group was founded by Bogle, and so the wiki and forums there are good places to read about investing. The index funds themselves are avaliable pretty much everywhere I think, as ETF or otherwise, but I'd probably recommend the ETF. Just read up on portfolios and whatnot on the wiki and forums first, though.

I'd be careful about the stock market right now (inb4 dollar cost averaging) because I think we're in a huge bubble that will burst in a few months, maybe september earliest. If your broker allows a guaranteed stop, you can probably invest safely, still (otherwise it may gap a lot when the day comes). I don't know about US accounts, but look into tax advantaged accounts. My country has one that doesn't tax you at all for closing positions, but usually, you pay your tax when you take your money out of a position, so that's something to keep in mind as well.

>>821509
If you had $12k, you could do like two forex trades a month and make a normal salary. For stocks, it's enough as well but more difficult because the barrier to entry is higher (as far as I can tell - ETFs of stocks are well within reach, but that's not "real" stock trading). For indexes and slower investing, it's a good start but it's going to take a good few decades before it's anything of note.

Here's a tip, though: ask your father to teach you how to trade. You're in the perfect position, a father that trades, enough money to start trading (start with a demo account, then like $1k or something). What the hell would you ask /biz/ for, you've got an excellent teacher right there. If you weren't a ungrateful asshole growing up, I'm sure he'll be happy to help you get started.

I can't vouch for them, but they seem legit and it's the only place I really know. Check them out if you can live for free and dedicate a lot of time to trading until you learn it http://bullsonwallstreet.com/day-trader/

>> No.821865

>>821315


Blow it all

>> No.821866

>>821315
>>821863
Didn't fit in original post, but I was going to say:

If I had €50k, I'd live in a rental flat while I learned to trade, €1-2k at a time, at the most. First demo, then carefully starting with what I deemed to be very safe trades, and then maybe into more daytrading as I learned it. With that kind of money, you've easily got enough time to learn to trade without having to get a job as well, but you have to want it, and not give up - it's not easy.

>> No.821874
File: 52 KB, 515x515, 1385376192279.jpg [View same] [iqdb] [saucenao] [google]
821874

>>821315
Pay down debt, establish good credit, go to school and learn a skilled trade, don't be a retard and spend it all. Invest some of that money toward retirement, set up a 401k, (NO NOT AN IRA) and leave at least 20 grand to sit in it while you go to school and work a part time job. The rest keep and spend as you need to for bills that arise. Be smart. profit.

>> No.821879

>>821315
Buy only silver and sell in 20 years

>> No.821894

>>821879
Just bought some silver last week when the price dropped

>it's now at 5 year lows

Fuck my life. I might just buy even more.

>> No.821895

>>821315
try meth

>> No.821904
File: 47 KB, 500x500, 1389313673508.jpg [View same] [iqdb] [saucenao] [google]
821904

>>821894
You forget that silver is coming off of the highest upswing it's ever been. The average price of silver is 5 dollars in a normal market. Don't be a retard and catch a falling knife...or do and watch it continue to drop.

>> No.821909

>>821904
>implying we're in a 'normal' market
Shit could hit the fan at any point, in which case it's going to go up. Silver will never be 5 dollars ever again.

>> No.821917
File: 183 KB, 800x505, 1405810642276.jpg [View same] [iqdb] [saucenao] [google]
821917

>>821909
Shit could hit the fan in a normal market as well, you don't have a crystal ball to determine where the market is headed so stop trying to predict the future. The market is moving down on silver. That's where most people should be with it.

>> No.821919

>>821917
I've screencapped this, I'll see you in six months nigga.

>> No.822293
File: 34 KB, 625x626, 1437078463440.jpg [View same] [iqdb] [saucenao] [google]
822293

>>821863
>If you had $12k, you could do like two forex trades a month and make a normal salary.
...

>> No.823847

Is gold/silver a good investment? I've encountered a lot of money I don't need to use, would it be wise to invest a portion of it by putting it into the gold/silver market?

>> No.823854

Take all of them out as pennies and stick them in your ass. People will be handling your asspennies for decades.

>> No.823869

>>821315
take a few grand and learn what you think you should learn. Then take a few grand and learn it.

>> No.824086

>>821324
Overpriced as fuck.

Try Japan.

>> No.825221

>>821372
yea, thats 50k not 50000k