/biz/ - Business & Finance

Listen anon if you don't know shit then don't listen to people telling you to all in on curry coin. If you want a quick overview of boomer investing I will forever recommend picking up "The Elements of Investing" it's a short read and great for beginners. It'll reach you about some very basic concepts like a three fund portfolio which is a us index, world market index, and bonds. Aka a 90/10 folio. Although I would skip bonds for right now if you're young or you don't have anything you're saving for.

From there, I would take 90-95% of your funds and put it there. (although I also recommend taking 6k and depositing it into a roth IRA, read up on that on investopedia) so essentially you would take about 180k and put it in something like 70/30% VTI and VXUS. I'd skip bonds for right now if you're young. The reason you should do this is because if you have no clue what you're doing, then you shouldn't chase meme stocks and shitcoins. You exponentially increase your risk in situations like that. A 3 fund folio is about as risk/reward efficient as you can get.

From there, I'd make sure you are saving enough cash to have 3-6 months of savings in the bank so you can always invest your change without worrying about it. Don't fall for the HURR HURR CASH IS INFLATING meme because the peace of mind an emergency account provides you is way more powerful than you realize.

The rest? You can do a mix of crypto and w stocks to satisfy the itch. But don't go hog wild stick to keeping most of your funds in stable investments so you can afford to lose money. You can't go wrong holding Bitcoin so definitely invest a large chunk into that but then you're free to set aside some play money. We are cooling off from a huge bull market and who knows when the next one will be. Do not fall for the pajeets trying to encourage you to buy their shit coin and how easy it is to make money. Market conditions are very sketchy right now. Best of luck.