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/biz/ - Business & Finance


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[ERROR] No.1298038 [Reply] [Original]

I want to get into investing my spare cash, but I have no idea where to begin. I've read Rich Dad Poor Dad and didn't really like it too much. I'm thinking about stocks, does /biz/ use any virtual stock market simulators?

>> No.1298051

>>1298038
Invest without any knowledge seems a bit dangerous. Start small just to feel.

>> No.1298071

>>1298038
Guide 2 invest

Grandma mode (safest and easiest, but yields so low not worth)
- Treasury bonds

Welfare mode
- Open up 5% savings accounts with Netspend up to $5000 per account (requires direct deposit and other shit to be eligible)

Normie Mode
- Buy wide-index stock funds; hope the market doesn't crash and continues to chug along. Alternatively, buy lots of diversified ETFs.

Slower but safer mode
- Buy dividend stocks that have a 15+ year history of growing their dividend (you are buying for the dividend, and if there is a capital gain, consider selling to reap it)

Effort mode
- Research and invest in growth stocks that are undervalued

/biz/ mode
- Buy the meme stocks in robinhood threads, hope for the best

Trump mode
- Buy Trump coins. Most estimates feel that once this coin gets mainstream exposure it will reach $1 each coin (currently 4 cents a coin) unreal gainz if it happens.


Bitcoins had a huge bull run recently, but most price targets stick it at $600 a coin. Still undervalued a bit and could always explode, so worth sticking some cash in them.

Other considerations:

- LISK, ETH
- Peer lending such as LendingClub


If ur already rich: Rental Real Estate and Franchises (or just starting your own business)

>> No.1298103

>>1298071
>If ur already rich: Rental Real Estate

Where did this lie originate? My first deal I hot 50% across the board on a 10 unit small apartment building no money out of pocket. Partner brought down payment , paud closig costs , paid for due dilligence. I found the deal and negotiated it and picked our management company (they take 8% of rents)

After slush fund savings(for capex and such) and paying the debt on the place by half of the 50% split is about 1300 a month (it was a bit of a turn around but we rolled the tepair money into the mortgage)

1300 bucks a month perpetual passive income and the value I brought to the deal was just knowledge and hustle

>> No.1298118
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>>1298038

>> No.1298126

>>1298103
>Where did this lie originate?
I know, right? It's not like money makes things easier.

I made 700% on a really lucky penny stock pick, so it's not like you need money to make a fortune in the stock market.
I posted this because I feel it's very likely that any of the anons here can duplicate my results.

>> No.1298175

>>1298038
ThinkOrSwim paper trading means not real money but on the real market.

>virtual stock market
Gta5?

>> No.1298196

>>1298071
Have you guys made money on the stocks posted in robin hood threads?

>> No.1298199

>>1298103
Man, I don't even know how to do something like that. At all. Where could I start to learn?

>> No.1298204

>>1298071
Meme money sounds like the way to go

>> No.1298210

>>1298103

That required a partner that provided a down payment tho. Most /biz/ autists aren't going to have that.

>> No.1298212

>>1298103
Is there a book you can recommend for making deals in real estate? I'd love to do something similiar, got the talking skills, just need the knowledge.