investing money
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- davey_g0
Seriously. Fuck mutual funds, stocks etc.
Buy a house. It's an investment that will appreciate faster than a mutual fund or a stock ever will + the safest (if you do your homework and buy in the right areas).
- Momentum20
ya buy a duplex, triplex, fourplex and rent em out!
- F_180
buying the right stocks can make you more money than real estate. depends on what you buy. the first thing i'd do is NOT ask people on NT about it.
- kingjulien0
Call Woo Woo at the Buddha Bar and see if he'll let you put a dime on tonight's Red Sox/Twins game. Take the Sox +135 - Wakefield is due for a complete game.
- mekk-1
Gotta dig this one out. Anybody here that know a thing or two about investing money?
I have no Idea how to begin with managing my money. Right now I earn X and spend Y, a little is left ofter in my checking account. I keep that cash at a daily allowance.
Just for calculating, If I start with 20K € in a daily allowance account and pay €500 in it every month, then I get a few hundred out of it every year.
That's total BS imo, why should I give up my money for that little plus? I mean, 500€ a year for not using my earned money on nice things like going out or waring nice clothes, thats fucking nothing. I'd rather spend the money and have some quality life than this laughable amount. In ten years it'll be 5.000 but in ten years I can save up 5.000 within a few months.
What's your opinion - how should one start building a fortune?
- Go find yourself a financial advisor. Don't use the first one you talk to, interview a bunch. Stay away from banks for advice, they just want to sell you theirzarkonite
- in-house products. Otherwise, I like dividend funds and market based indexes. Everything else is gambling.zarkonite
- Tx for resurfacing thisbklyndroobeki
- pinkfloyd0
Spend all your money. When we're old, it won't matter.
- <maquito
- You'll be needing said money when you are old with no job and milk costs £345.99HAYZ1LLLA
- The last check you ever write should be for your funeral... and it should bounce.DRIFTMONKEY
- lolpinkfloyd
- @DRIFTMONKEY ...making your next of kin eligible. Asshole :)jagara
- Spend your money. Don't get old.smatras
- can I spend your money?********
- monNom0
@mekk
Building a fortune is all a matter of taking greater risks to earn greater reward. Most people who make a fortune have lost (or will), a fortune several times over, as they take big risks that sometimes pay off, and sometimes don't. Of course you rarely hear about those that don't bounce back - they disappear. The very wealthy that you hear about are a very fortunate bunch. Following in their footsteps is not necessarily a recipe for success. As a rule, they do tend to work hard, have focus and they've generally started a company that has become successful.
If you may need that money this year, leave it in the bank. If you don't need it til next year, buy a CD with a better rate. If it's for retirement, open a brokerage account and buy stocks and bonds in proven companies, or indexes of markets or sectors (which are safer than individual stocks). Diversify your investments and know that there will be ups and downs in the markets, but as long as the economy is expanding, your share of the market will expand as well.
If you really want to take some risk, use that money to start a business. Most fail within 2 years (80%). Even more within 5 (95%). But if you succeed and you have the right kind of business, your potential is nearly unlimited. Look at Thomas Edison, Richard Branson, or Elon Musk.
- Isn't the market set for a correction soon?pinkfloyd
- It is at all times. nobody can predict the future. The idea is to buy a little bit over a long period to smooth out your costs. Dollar-cost-averagin...monNom
- A big bet, for instance would be to sell short the broad market with the thought that it will go down. If you're wrong, you lose everything. If you're right.$$$monNom
- a general rule i picked up while glossing over a Tony Robbins book was to set aside and invest at least 10% of your yearly income.********
- The best CD rates currently is 1.67%, I don't think worth it's investment. Seems like yesterday, an online savings offered 2%********
- section_0140
If you just want your money in the bank to do more than sit there and do jack shit, mutual funds are great. Get in a few low to med risk ones, and you'll make something. Municipal bonds are apparently safe too, but I think they're a minimum 10k investment (I think, not 100% sure).
It's worth getting an adviser if you don't feel like doing your homework (like me). Last year was the first year in the last 5 I made less than 10% (actually just broke even). Which isn't bad for just buying some shares and never looking at it.
- I'm no expert. I've heard getting an advisor would simply offer the same advice of investing in a mutual fund due to its diversified safety.********
- here's a financial advisor giving an outline of a diversified portfolio (Canada-centric): http://www.greaterfo…monNom
- Up or down, you pay 2-3%yr as management fee in mutual funds. Exchange Traded Funds (ETF) tend to have much lower fees, like 0.25% for index funds.monNom
- ^ "Good news is thatMillennials make about 2% more than their parents did" That's bad considering gas was $1.21, stamps 20 cents, and eggs were $1.01 in 1984.********
- this is true... my health sciences mutual fund has returned over 200% in 10 years. That's a lot of free money for no workmonospaced
- I'm no expert. I've heard getting an advisor would simply offer the same advice of investing in a mutual fund due to its diversified safety.
- ********0
All planning for future is a marketing idea for banks. It simple a con to get your money, and in so doing tying you into there system of control, making you think and do what they say you should for return. All the while using the money to buy influence and power and massive payouts for themselves while hedging their own bets. Makes me wonder how the top 10% would fair without the other 90% money. speculation and sucker bets would probably be less. public would likely be less controlled out of worry of their money. possibly artifical growth may stutter but that would be good. Everything about it has a madison ave vibe reinforceed by gov becuase of self interests of control.
today there is no rational investment, only the investment you can can do that you can see the gains. If your unsure who is winning you are losing. its all about playing by the systems rules and finding loop holes or playing the nuances. today except for a few lucky people the majority of the game is rigged and u providing your funds even if net 1% profit you give such a larger part of control of your lives away. we hate banks and think of them as evil and yet when it comes to idea they can make us money its a good thing. they have us conditioned perfectly to hate them while giving them our futures. its all absurd.
the best way to make money is be successful in business and offer a value for money.
- they should change the term investing to gambling. they assume an investment will net gain, where they assume a gamble will net a loss. and for whom which end?********
- just wait there will be mandatory 401k and investments for OUR best interests eventually with full support of banks and politcians.********
- Given how many people have nothing saved for when they are older, that's not a bad thingformed
- where was that idea born from? what did people do before? is it all based on the idea that you stop working at 65? who started that idea?********
- ill save cash now, but gov monetary policies discourage savings. ill save that money and probably take a couple year retirement and than comeback to work********
- but the fact that the gov discourages savings while saying no one is saving and that you need them, should tell you who's interests are in play********
- they should change the term investing to gambling. they assume an investment will net gain, where they assume a gamble will net a loss. and for whom which end?
- formed3
db is correct to make real money. You need to start a business and be successful at it (as noted already, most fail, most successful people fail over and over, but they don't waiver in their goal for wealth). That's where you get huge returns you simply cannot get in any market, short of winning a little lottery.
That said, having a diversified portfolio and a few mutual funds is a good place to park cash. Find a nice balance and keep adding to it. Keep a little extra cash to pick up more on dips (I get reminder emails sent to me when certain stocks go down below, or above, a certain point). There will always be opportunities to enter and get value, even with huge names like Apple and JNJ (though I've been waiting for a good pull back to add to the latter for ages now :-) )
Compounding can be amazing, just don't expect miracles.
- bklyndroobeki0
Pay yourself 1st = put $ into 401.
- Not in the US, already have something like a 401kmekk
- what do you mean?bklyndroobeki
- Oh gottcha goodbklyndroobeki
- Hayoth0
Silver.
- bklyndroobeki0
interesting
- meffid0
OG Hedge thread?
- ********0
Anyone here use Betterment or Wealthfront?
Looking to invest small amounts of money (under $10k) at the lowest cost possible.
- Most trades anywhere are less than $10monospaced
- I'm looking for advice for anyone who has experience with robo-investors.********
- optionshouse is $4.95 a trade on stocks and etf's. Mutual funds are more, but I don't fuck with those anymore.section_014
- shapesalad1
- His book is good: The Acquirer’s Multipleshapesalad
- thanks for the link shape, interesting stuff, just going through it, when he says growth of a company does he mean earnings or share price?_niko
- No idea, would need to hear the context. Presume earnings. You’d want earnings to grow while costs to remain or lower.shapesalad
- mg330
XRP rally this week bought me a lambo. It was a good way to gamble.
- Pics of that Lambo or it didn't happen********
- Yes it’s been very distracting while trying to work.shapesalad
- Pics of that Lambo or it didn't happen
- ********1
https://www.nerdwallet.com/revie…
Anyone here use TD Ameritrade platform and/or app for stocks? Seems like the top choice based on that review. If not, what do you use and why?
- I use Schwab because of the reputation.monospaced
- Schwab bought TD Ameritrade last year, I think !********
- Reputation for what...?********
- What a stupid question. Do you know anything about the topic nb or are you seriously this ignorant?monospaced
- I mean, I use them BECAUSE of their reputation. I think you can deduce it’s a good one ffs. Also, you asked!monospaced
- It’s for being a good brokerage. Better than TD for sure. In every way imaginable.monospaced
- Dude. Chill. Jesus.********
- "In every way imaginable" is an acceptable answer, I guess, although it doesn't really get at the specifics I was looking for.********
- Ok, just name one thing about TD that is good. Charles Schwab is likely better. Also, a long standing good reputation as a brokerage and financial adviser.monospaced
- Even on nerd wallet (whatever that is).monospaced
- I've been on TDAmeritrade for about 21 years now. Never a problem. I moved what I had on Schwab a decade ago. It's a great platform.formed
- CS is definitely not "better". TDA has one of the most robust trading platforms, etc. I kept things on Vanguard, but it's pretty archaic comparatively.formed
- If you want details: https://www.fool.com…formed
- Spoiler: TDA and Fidelity are the only 5 star brokerages.formed
- It’s better.monospaced
- ON TD you can’t even do fractional share investing. CS has everything it has plus that. And I’ve been with them far longer than 21 years.monospaced
- They were first to drop trade fees. TD copied them. Plus they have estate planning and accounts TD doesn’t do. It’s just more for the same.monospaced
- Continuity-1
Oh. Is this the thread where I learn how to be filthy rich fast like ₿€nnn?
