/biz/ - Business & Finance

>>15172554
How do I turn this into more money please help

>>15172554
>$500
>stocks

>he fell for the retirement account meme

>>15172554
Buy a really comfy kneepads

>>15172571
Nigga what about penny stocks? Surely those can be of use to me. Also I don’t strictly need stocks but I need means of converting this into more money

>>15172554
>I already have a Roth IRA retirement account.

>>15172554
Are you fucking kidding me.

I'm not sure what you mean by manipulate, and without knowing your specifics I'm unable to give you a good solution, but generally if you want to invest in stocks, use Robinhood; it's a free app with no fees and it's very easy to use. Another option would be to put it into a mutual fund and watch it (very slowly, I'd say 4% per year) grow without you doing anything.

Now both of these options generally take time and have low returns. If you want to do something rewarding/risky, I would suggest using that $500 to start a business if you are up to it.

>>15172554
You'll need more than that. Just start a savings account for now.

Use it to enter a poker tournament. Then win the tournament. Then take the winnings and use them to enter into another poker tournament. Basically just gamble with it and keep winning until you have enough.

Please report back with results.

>>15173259
U got any business ideas bruv?

>>15172554
Vanguard is all you need. Google it.

>>15172554
Buy a bike and go to work with it. Saves money.

>>15172554
Buy something that saves you money in the long run.

>>15172554
you can buy and sell btc on cashapp

>>15172554
>that I can manipulate
How many dicks are you planning to suck in prison?

>>15172554
With 8% return each year (very generous), you'll have over $2,000 in 20 years! Wow!

>>15174004
Pimp out your mother.

>>15174067
JEW'D

>>15172554
Go flip house hold furniture. You ain't gonna do shit with stocks only having $500

>>15172554
even 5000 wouldn't be worth bothering with stocks, you would lose too much in fees to do much more than buy and hold for long periods of time

>>15175000
Regular investing is where stocks shine.

>>15172554
be a moneylender

>>15174953
only viable idea in thread

>>15172554
Based fellow broke stock investor. Haha. Don't buy stocks, society is about to collapse.

>>15172554
You could maybe open a robin hood? But that shit is a scam anyway. Just go to your local coin shop, pawn shop, and buy some silver for as cheap as you can get it.

>>15175000
How fucking retarded are you? USA is about to tank back into recession. $5000 could easily turn into 100k if you're smart. Fucking zoomer nigger. Your mom should have hung you with your umbilical cord.

>>15172650
buy a riding lawn mower and get to work!

>>15176144
wtf does that even mean? How would you turn 5k into 100k if shtf

>>15176200
You can buy gold and silver stocks? Are you fucking kidding me? Wealth isnt destroyed, it only transfers. Gold and silver stocks have gone up, but they still have a looooootttt of fucking room to go higher. Buy now, or neck yourself faggot.

>>15176224
JNUG? GLD? IAU?

>>15172554
1. Take that $500 and hit some yard sales
2. Scan new shit on ebay/amazon or manually search old shit on ebay to see what the going price is
3. If you can buy for a third of the price its going for, then buy it and resell it
4. Rinse, repeat

Don't bother with stocks until you got at least $5000 to $10000. You can try some meme coin with $500, but given alt season never came that's going to be tough. If you really want to do crypto, then go with one of the big coins.

>>15176237
JNUG was the best bet before they did the reverse stock split, so you could also look at NUGT, or SLV for silver. There's so many, take your pick.

>>15176304
I'll add, go fir 3x leverage. That's where you'll make your money. Also, if you're looking to short, theres soooooo many good stocks to short if you can keep your position open long enough. Theres so many new companies that have no profits that are ripe for shorting. Uber, Lyft, blue apron, beyond meat, there's just so many.

>>15172554
> I already have a Roth IRA
Translation
> I lose almost 2% of my buying power per year to inflation.

>>15176304
got it, thanks

I have 100k in FAANG stocks so I need to do a little risk management

>>15176387
Fuck, just change you position on your FAANGs! You'll make it for sure!

>>15172554
>. Scalp xbt on bitmex my dude
EZ 5x
Profit

>>15176401
Meaning sell some? Or reweight?

>>15176424
Meaning short them, are you crazy with all that China exposure right now? People really don't seem to understand we are about to witness a full on social collapse of China.

>>15176387
> All FANG in this market

You got brass balls anon

All jokes aside, open up robin hood. Every friday there is a podcast sprott money or some shit. He usually lists a couple silver or gold mines to invest in. I made 16% the other day off one of his picks. Whenever gold rallies silver is not far behind. Do your own research but remember if gold goes up 5 % than mine stocks can go up like 20% because not only what they have in the mind goes up, but the rate at which they can bring it out can go up too. Or you can take that 500 and pick a Chink company like tencent or some shit and buy that while they are down, once this trade war blows over with the chinks they will go up 10 15% percent easy. Might take a while though. There is not easy way man. WOuld take me 4 months to double that if i was risky with 25% chance to lose it all. Try to use that 500 to buy something that can make you a side hustle. Why not buy chinkshit off taobao and resell it on kijiji as authentic or buy some cheap rosaries off alibaba and sell them on etsy and ebay and say they are vintage. Fuck man if you spend all day asking these retards you get stuck holding link until it turns into FUN or BAT...

>>15176467
Meant to say REC not BAT.. Why not just buy BTC and find a side hustle in the mean time.

>>15172554
Sound money, retard

>>15176448
>>15176454
Ahhhh shit need to start shifting into safer assets then

>>15174953
when the wii first came out, I did this with game consoles in a college town. kids would get a wii/xbox360/ps3 from their parents for christmas or their birthdays, they'd run out of party/bar/drugs/grocery and sell their consoles for quick cash. they'd be desperate for cash so they'd take low offers. I'd then turn around and sell them for a mark up with game bundles to moms who didn't know good games from bad. They were also the kind of people that would not buy a 50% off game system because at that price it must be crap, but they'd buy a 75% retail price game system because that meant it must be good.

You can flip furniture from estate sales if you have storage space and a truck. I wanted to do this too, but again, college town and only college furniture that was broken by the time it was up for sale.

>>15176518
It ain't sexy, but what about utilities? You'll get a decent yield and preserve capital if the clown world really turns the market down

>>15176575
Utilities imo right now are sexy as fuck. Listen to this anon.

>>15172554
stocks are boring OP


buy link

>>15176625
Any in particular you like? I give good advice and don't follow my own... haven't picked any up yet.

>>15172554
>>15172554
Make a brokerage account at a bank or dedicated broker. You could also use online broker like Etoro, but I dont really consider them to be safe. I use Binck Bank, no minimum deposits there. Brokerage accounts at a mayor bank are guaranteed up to certain amount (200 000 eur in my country) to be insured in case the broker goes bankrupt

>>15176689
Ooof I really hate recommending individual stocks to anyone, there's tons of good ones out there, but AWK is nice, SO is good, it's really hard to go too too wrong in the sector right now. REGI if you want to go for renewables, DUK is safe af, there's just so many right now that are better picks than the broader market.

>>15176742
Thanks anon for giving a starting point at least. Will definitely take a look at those.

>>15176788
Np anon, but I definitely wouldn't stop there, you can throw a dart into this sector and hit a safe pick with a healthy divi.

>>15176788
Oh also if you don't want to try to pick individuals VPU and XLU are both good utility sector ETFs worth consideration.

>>15172554
you're supposed to lurk before posting

>>15172554
Are you looking to play whale? and manipulate the market? Buy into SHOCK or a small deflationary token with a good community. Makes sure they don't have a lot of bots and a good amount of americans. The supply on these always gets short and they pump with $1000 in buys, you can short term move the market up and down levels.

Literally can not BELIEVE it took this many replies to finally get this one:

>>15176655

Jesus christ OP you’d have to be semi-retarded to “invest” in stocks with $500 dollars, and with this current economic landscape, there’s no way you don’t have some kind of severe brain damage.

Here’s the better question: what would you ideally expect to want to happen with your investment, wherever you end up putting it? Do you really want a vague possibility of single-digit returns on a 3-digit amount of principal, and by buying at the ATH of a decade+ long stock market bull cycle?

Do you realize what board you’re on? Hot damn the advice of LURK MOAR has never been more readily applicable. Learn about crypto if you don’t want your sorry, pasty ass to die poor when you get eaten by a tribe of marauding niggers during the global collapse in a few years, having made the most completely & totally boomer investment of all possible boomer investments that one could ever make.