I’m not very savvy when it comes to stocks. I’m the type of person who invest in NFTs the lose it all.

Laundry is almost done and it's almost time to head out.

I am more of a stock guy personally. Some of our other members such as Kbiz and Angel are more in the property camp.

There are real debates to be had here.

I can pick up more of it tomorrow. Hopefully later if things go really well!

gambling

Investing is like gambling except you're more likely to win than lose (as long as you know what you're doing). Safest bet would be the bigger ETFs. Investing in individual stocks is more risky.

The most sure investment you can get is a time deposit/certificate of deposit/guaranteed investment certificate (the term varies by country). The return is guaranteed when the investment is made, but it is usually less than other investments.

I invest in real estate and its the best avenue for me. Portfolio income still has expenses such as taxes and repairs but the tenants essentially pay everything off gradually.

crypto mining rigs back in the day was really profitable :)

Originally posted by 𝕪𝕦𝕞𝕖 ♡ ♡ ♡:

crypto mining rigs back in the day was really profitable :)

Is that dead now?

Two points:

1. Stocks outperform other asset classes over most 10+ year time horizons.
2. The most important variable in the compound interest equation is time.

So, dollar-cost average into a low cost diversified ETF like VOO over a 40 year time horizon in a Roth IRA account.

It warms my heart seeing up above terms coming out of people's mouths such as "profitable", "portfolio" and "compound interest."

Wow do I like that!

It is also a gamble to buy a house, albeit in many cases it is more safe then going full wonkers on the stock market.
But if you have a broad portfolio like with some ETF´s then you will be pretty much as secure as with a house, but with greater freedom and without having to maintenance.

If you want to go on adventures and can afford to lose your cash (gamble) you can day trade, pennystocks, see trends or even short.

When we saw Russia being more agressive in their wording towards the west and also Ukraine I bought a significant amount of Rheinmetall stocks (even had some before that) and keept buying up until the Russians actually attacked Ukraine.

Said stock have risen above 1500% for me and with my later buys still over 1000%.
Even people that have bought it in the last 2 years have seen a raise of over 200%

You also have to add in the fact you get dividend.


Looking at the summer cottage, that needs maintenance, administration and so forth. Still a good thing as well.



My advice to anyone (even teens/young adults)

When you get your wage allocate 30% to investments (in the start you need to fill up your bank account with around 10 euro, if you are an adult with an education, if you are student or young, then only 1k)

then you have 35% for housing etc
25% for essentials (food etc)
10% for hobby - needs to be a hobby that will give you a skill ie. playing an instrument, learning a new language, etc.

If you are an adult or want to live smaller, then you could allocate 5% from the housing to a hobby that is pure entertainment. This could be gaming, or make a combination where you learn coding ie. while also playing games for entertainment..


The tric is, that if you get a good education, save up and invest, then in the future you wont have issues having extra stuff like a gaming hobby, as it wont take up a huge amount of your earnings, nor make you have to choose between that and essentials.


So get an education and make sure it is a field where you can progress.

Find an area with crows and ravens, feed them and lure them to your house. Train them to give you stuff before you feed them. Then Train them to trade wedding rings in for food. If you train them for cash they will trade any colorfull paper and you still have to feed to not break the bond. But make sure to smelt the gold and remove the diamonds yourself before selling the material.

OP, I'd recommend the book 'One up on Wall Street by Peter Lynch.'[www.amazon.co.uk] Don't listen to those day-trading guros on YouTube, they are liars who speak in oversimplified buzz worded half-truths to get you into buying their course. Just stick with the book that I've recommended; it's highly regarded and easy to understand that I'd recommend to any beginners who are interested in the stock market.

Originally posted by Xero_Daxter:

I’m not very savvy when it comes to stocks. I’m the type of person who invest in NFTs the lose it all.

That's where your problem lies Xero, you are investing in NFT scams; you might as well be throwing it away into cryptocurrency. Stick to an Exchange Traded Fund (ETF), or otherwise a mutual fund with a good history of high dividend yields, and try to leave it alone so it can grow (unless it is not matching inflation).

Before making any moves, I would strongly advice that it would be wise to understand what you're investing into; start with low-risk stuff like the cash market and try to broaden your understanding starting with the basics like 'Alpha' and 'Beta'; still try to drink in as much technical knowledge as you can as it'll pay off. :-) https://www.investopedia.com/terms/i/investing.asp

Originally posted by Enterprofilenamehere:

Investing is like gambling except you're more likely to win than lose (as long as you know what you're doing).

The stock market is not gambling in the traditional sense of game playing; share trading 'does' become gambling when you are doing speculative day trading like the majority of the impulsive and emotionally driven masses who risk taking on a large stake for a short-term profit.

A successful investor is someone who'd rather sit back for months and get the best P/CF value from analysing the technical charts and comparing the patterns as if they're an astrologist reading the stars before they'd commit to a battle plan. Stock trading—when practised properly—isn't about punching in large numbers and hoping for the best; it's about patience and not deviating from practised discipline in making 'calculated risks'. That's my take on it anyway, just filter out the high risks with low rewards and minimise your losses to the 2% rule.

Originally posted by kbiz:

Two points:

1. Stocks outperform other asset classes over most 10+ year time horizons.
2. The most important variable in the compound interest equation is time.

So, dollar-cost average into a low cost diversified ETF like VOO over a 40 year time horizon in a Roth IRA account.

I don't ever give specifics- but that is darn close to much of what I do.

I don't do much active management anymore. I just let the pros handle it and don't even look at it much of the time.

People can totally misread things like when I say "There was some shopping that needed to be done..." and think that I spend large amounts of money.

The better part is my structural spending is very low. There is no mortgage or car payments. Those are paid forwards. There are no divorces, alimony, child support, kids in private schools, vehicles are modest...

So actually, the monthly outflow is surprisingly low.

I see couple after couples and singles making what should be good livings- and then the first thing they do is buy excess vehicles, eat out for every meal, crank out the kids, send them to private schools... until that income does them absolutely no good whatsoever.

Alright. It's their lives. I don't say a word till they try taking pokes at my lifestyle.

That is when they start getting mad.

Originally posted by bythelee:

Stock market ?

Frankly, they were earning a good monthly income by buying 10% from the 10 most valuable companies in the stock market, but it didn't seem realistic to me.

it seems gambling to me.


I think the most realistic way is to own a house and rent it out. you still need to work like 7 years minumum on here and they use you like slave tho

not sure about ur country maybe 3-5 years.

i see.

uhh. i own shares in several property management groups. i'd recommend getting some ;) ✅

all of the fun, no sniveling tenants. win/win.

Real estate is effective for income but it takes a lot of time and work starting out. Also you need money when starting out and from what I hear it becomes like a cushy job in itself.

For stocks I just care about the total return mainly, and here in America you can just invest in a good index fund and expect it to keep going up over time unless the American economy breaks down completely, but then your money is probably going to be worthless, so stocks could still help.