/biz/ - Business & Finance

Physical bars. They're more like long-term savings accounts that occasionally give you 25% return during bumps or more during moons. Plus it's fun to have a little box of pirate treasure.

Don't go gold, though. Silver only.

>>17165841
Well obviously I'm not gonna go gold. I don't exactly have $50k to spend on a gold bar just to shove it up my ass and hope nothing happens to it. So when people say "invest in silver" what they actually mean is "exchange your useless digital money that has no real value that can easily decrease in value due to inflation with a physical object that will always stay as valuable as when you got it"? How am I supposed to sell a bunch of silver bars? Sounds like it'd just paint a giant target on my back.

>>17165841
Also, where would I even buy silver bars? Is sdbullion a legitimate site?

You don't invest in gold and silver, you buy it to perserve the wealth you already have, if you have less then 100 million dollars then you should be buying stocks and real estate, not shiny rocks.

>>17165869
>How am I supposed to sell a bunch of silver bars?
Companies will buy it at spot price, if you shop around a bit. You can sell through the mail

>>17165995
I'm way too poor to even begin to imagine investing in anything. Buying silver bars and then selling them later on when they increase in value sounds like the only reliable way for me to make cash, even if it'd only be by small increments.

>>17165995
This.
>>17165827
How old are you? If you're around 60 it's a good idea to have wealth preservation things like silver/gold over something more volatile because of how safe silver/gold is.

have you even looked at the returns? silver/gold is 'wow it's fucking nothing' tier over 10 years, they don't give yearly dividends like stocks, they don't x10 in value like crypto, if you're constantly buying/selling you might make money, but then you may as well constantly buy/sell crypto for that effort.
https://www.xe.com/currencycharts/?from=XAG&to=AUD&view=10Y

>>17166027
Precious metals usually barely clear the natural inflation of the currency.

>>17165869
Enjoy space mining making your shiny rocks worthless within 5 years.

>>17166085
Still sounds like a better idea than just leaving my money in a bank. If I buy a silver bar for $600 and then it becomes $800 due to inflation, I just gained $200 even if the value of it stays the same. If I instead left the money sitting in my bank account I wouldn't have many any money from it and would've ended up just having $600 that now has less value.

>>17166067
I'd just throw my money at crypto coins and hope for the best but I have no clue how many of this shit works. I'm out of my depth here.

>>17166027
Retard invest your money in the stock market.

>>17166111
Nice trips, but your money in the bank would make a little interest... but less than inflation. You could do a money market account if you want your funds to be a little liquid or just put you money into index funds which is honestly the most intelligent thing you can do with your money.

>>17166142
>don't listen to /biz/, the amount of shills and scammers here trying to dump their bags on you or trying to get you to pump their bags is ridiculous.
>go find out which coins are actually being used right now vs which coins you think might be used more in the future. Your portfolio should be 75%+ coins that are actually being used and whatever you wouldn't mind risking losing into coins that might get used in the future.
it's really not that hard.

but if you're not going to put in the work or don't trust yourself to make a good decision then you should go get an investment partner to invest your money for you, they'll normally put it into some ETFs that will give you around a 10% annual return, they normally charge nearly nothing in fees, 2-3% of your returns is about normal so you don't even notice it.

>>17166217
Eh, I'm only 19. I should probably wait at least a few years until I have some more money before diving into this sort of thing.

>>17166231
okey, but every year you sit around humming and harring about about "if I should invest or not" you lose around 3% of your buying power thanks to inflation assuming you live in the USA, that's far more than you could ever make back off any savings account interest rate.

>>17166231
>I'm only 19. I should probably wait at least a few years until I have some more money before diving into this sort of thing.


INVEST NOW YOU STUPID NIGGER.

You don't need a ton of money to invest. You can begin with little as 100 dollars. The important thing with investing is consistency, not how much you can contribute. My first job at 18 only paid $11/hr, and only I managed to save up like $1500 from it before I went to college. Had I invested that money instead of spending it on drugs and alchohol during college, I'd have doubled or tripled my money in the 5 years it took me to finish college.


START EARLY AND INVEST OFTEN, YOU WILL THANK YOURSELF LATER. I PROMISE YOU.

>>17166333
Ok fine, I'll go throw a dart at a board and dump $100 into whatever I find that isn't a blatantly worthless stock. I still don't know how to make an account or handle any of this shit though. Last time I thought about starting it up I went on /smg/ and immediately got hit up with a bunch of mumbo jumbo I don't understand and a list of a billion broker websites. I don't even know how trading stocks works, as pathetic as that sounds. I'm hoping that it's incredibly simple, but it probably won't be.

>>17166396
>I don't even know how trading stocks works, as pathetic as that sounds. I'm hoping that it's incredibly simple, but it probably won't be.


EDUCATE YOURSELF NIGGER. NOBODY UNDERSTANDS HOW ANYTHING WORKS UNTIL THEY LEARN HOW TO DO IT.


Go on Investopedia.com and start reading everything. Sign up for a brokerage account with TDAmeritrade. Investing is easy once you understand what you're doing. You just can't be lazy faggot. It will probably take a few months before you feel comfortable enough to pull the trigger and make your first investment, but it gets easier fairly quickly. I've only been properly investing for about 6 months, but I did 3 months of research beforehand.


You need to get off your ass and study if you want to make it. Study now or stay poor, your choice. Becoming financially literate at 19 years old will make your life better than you can possibly fathom. Heed my advice or feel like an idiot in 5 years.


t. 24 year old who wishes he started investing at 19

>>17166217
>an investment partner.
Jesus christ. I hope this is a larp

>>17166111
>If I buy a silver bar for $600 and then it becomes $800 due to inflation, I just gained $200 even if the value of it stays the same.