This entire sub seems to be focused on short term gains and day trading, What about the folks who just want to grow their money slowly but surely?
I have a few grand of disposable income sitting in the bank and I want to put it into some nice safe instruments so I have a little extra cash to leave the state when I get my degree in 3 years. Any ideas? Index funds? Maybe some ETFs? Should I just go full boomer and set up a 401k and save it all for retirement? Any thoughts appreciated.
Now is not that time for that you stupid retard. If that's what you want put your money in a Roth IRA and fuck off.
Brayden Moore
>now is not the time But isn't the market in a slump because of coronachan? Now sounds like the perfect time for long term investment considering I can get in on the ground floor. Or are you just another ADHDaytrader who thinks a stock is worthless if he doesn't see a 500% return in 20 minutes?
Logan Hall
What is your question? This is basic 101 level information. Just invest in an index fund and pray that the market doesn't crash within 5 years before/after your retirement date.
Alternatively, stop wasting your free time and start using it to develop diversified passive non-investment income that will support your cash flow needs independent of wage work.
Blake Clark
Yeah I'm an investment brainlet thanks for noticing. Any good sites for looking up/researching index funds? >develop diversified passive non-investment income some of us are pursuing actual careers and don't have time to start a pump and dump tech IPO
Ayden Thomas
If you can't put in the tiny amount of effort it takes to look into index funds, then nobody here can help you. Just pick a Vanguard target date fund and go for it.
"don't have time" is code for "I'd rather watch TV and lurk Yas Forums than pursue valuable activities." If you're using your free time to a) spend money and b) consume products and media, you'll never make it and will work every day until the day you die.
Gabriel Richardson
I can google "good index funds' perfectly well, thank you. I just thought I'd get a second opinion from my favorite anonymous anime image board before I sunk a couple grant into an index fund recommended to me my some anonymous financial blogger. Sorry for asking and accidentally bumping one of the 500 altcoin meme threads off the board.
Jose Moore
You really are retarded if you think this place is a source of good financial advice.
Josiah Martinez
How did you even expect any reactions other than the ones you got
Jeremiah Ward
Okay but where else am i gonna go? My dad is a boomer who never really had to invest any of his money because he had a union pension and unironically told me airlines are still a good investment while we're in the middle of a travel ban and some of them might go bankrupt. I'm not economically educated. I had to learn how to do my taxes on my own. I just want to squirrel away some cash and let it grow and I thought some anime-loving shitposters might be able to point me in the right direction. Sorry.
You fucking reek of r*ddit, fuck off you are not welcome here
Matthew Cruz
Max 401K and Roth-IRA. Look up what a "backdoor roth-ira" is. Pick some Vanguard index funds with appropriate risk/exposure and target dates that you're comfortable with. Just hold.
Don't dump your money in all at once, buy over time with tax-free contributions from your salary. If you have cash, hold it. We're headed for deflation.
Nathan Young
>sub nevermind, go back. you're too retarded for any of this to work.
Samuel Rogers
>sub
Very subtle bait
Brandon Brooks
I have the majority of my cash in passive stocks / staking crypto. I day trade with about 5% of my net worth. The short term requires way more research and digging, so you are going to hear about it alot more. Coupled that lots of folks have more time now, you get this.
If you want passive gains user, and truly believe that the economy is going to recover, a 401k and some basic index ETFs are great. Find the one with the lowest management fee.
If you want to hedge, buy some government bond ETFs. Currently have about 10% in Provincial Bonds, and it's the only thing that's gained since this started. It also pays 3% annual divvys, monthly.
Best of luck.
Bentley Rivera
You sound like you think you're a lot smarter than you are, and you sound like you need to lurk more.
Just go hang out in /smg/ for a few months.
Lincoln Phillips
just noticed >sub. Makes sense because your whole post reeked of Reddit. Fuck off you fucking faggot.
I have been buying in to stable dividend stocks during this crisis. Trying to find companies with good spreadsheets. Been going well so far. Feels a lot better than pretty much gambling on crypto.
Juan Parker
Thanks. Where do I look up a company's spreadsheets?
Josiah Fisher
>slow but sure gains >the long game >3 years AAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA thats not how that works. 3 years? Try 30.
Easton Johnson
>I've done it! I've finally made i-OOOOOHHHHHHHHHHH >*dies*
I plan to "make it" through my actual career which i enjoy doing. Investing is just a supplement.
Brody Green
Google dividend aristocrats and decide what sounds good
Luke Wood
Here you go OP, I've been a passive investor in index ETFs for over a decade and had nice, reliable success. Day trading is for gamblers, and most of them lose. jlcollinsnh.com/stock-series/
John Wright
i don't think you really know what an ira is
Nathaniel Baker
care to share which companies you see as having good buy-and-hold value?
Gavin Martin
>buy a decent bag of every shitcoin shilled on Yas Forums >forget about it >years later find at least 1 has mooned
You can do those with money and little/no brain. While using brain or effort, you can create courses/ebooks/ecommerce sites i.e. mini businesses. If you have big brain and effort, go tackle a problem you face and sell the solution i.e. business.
Dominic Brooks
Shitcoins don't moon. Bitcoin was a fluke because it was the first one and got massive media attention for being "le worlds first untraceable online electronic currency".
