/biz/ - Business & Finance

>>23214641
Nobody here is telling you to invest in stocks.

Crypto on the other hand...

>>23214641
I will do what ever the fuck i want whenever i fuck i want faggot

>>23214655
>>23214666
>>23214699
OP blown the fuck out hard with all these dubs and trips

>>23214641
Wow epic insight newfag

>>23214641
More importantly, you need to start very early in life

>>23214666
well you completely missed the point. any investment you make you need more than just a small savings. unless you have inside information or get in at the very beginning which is very rare.

>>23214858
Do you know that there are many strategies to make more money than just buy and hodl? Buy and hodl is just going to give you 2x 3x or 10x at max, other thing that I will not share with a fag like you have made me 43x and still making more day by day but well whatever with your ignorant talk

>>23214641
I just want to make back the money I lost. I tried to get in on a 2x I thought would pan out, then it rugged. The ones I thought would rug, didn't.

>>23214641
Bro I just want to have a home

>>23214641
Sneed (Dubs)

>>23214641
are you fucking retarded? Someone making 80k a year can become a multi millionaire if they start young and buy dips. You literally buy undervalued blue chips and never sell for a loss. Take for example someone who took 100,000 that they saved and put it into Tesla in march. They would now have close to 600,000. They can then take that 600k and put it into another asset that will double or triple in the coming years. Boom, multimillionaire. All you have to do is save dry powder and go all in on dips

>>23214929
Is it kneepads?

>>23214666
God has spoken. Crypto is evil

>>23214798
>>23214641
These absolute retards are just trying to justify their sad, sexless, self-absorbed existence that they've wasted on doing nothing but chasing wealth while life rapidly passes them by. There have been people that have come from abject poverty, have declared multiple bankruptcies, been substance abusers, homeless, etc.. that have put their mind to something and clawed their way to the fucking top of the heap. No there aren't many, but they are there, and the paths to wealth and success are incredibly numerous and sometimes bizarre.

The only thing in common is that those paths are only found by the committed and the brave, even the reckless. Your advice is gay and discourages anyone without an overpaid job they got through sucking college dick to ever strive for greater wealth, much like your empty life.

> Some something Hindsight

The advice on this board kek

>>23214641
You have now reached the TOP 90% of IQs on /biz/ how do you feel about it?

why not both lol

>>23215238
Another clueless fucking moron that thinks they know.

>>23214641
You may never join the elite on a 60k salary but 5-10 million USD is very achievable if you start young.

The ONLY difference between someone poor and someone rich is that the rich person, if not born into wealth, decided that they wanted to be rich. They set their mind and willpower to pursuing it to an obsessive degree.
The only real power in our lives is persistence.

>>23214957
how many people making 80k year are insane enough invest their entire 100k savings into 1 stock? that's what i thought dumbass.

>>23214957
yes i'm sure someone making $80k a year would risk 4-5 years of savings on a single meme stock in hopes that it does a 6x return (probably a 1 in 1,000,000 chance.)

>>23215283
lol. no. best case scenario is you retire at 65 with a million.

Crypto will give money for free for you to invest

>>23215396

you realise putting money into meme stocks isn't the only way to make money right you absolute loser

>>23214858
I went from $3.5k to $20k in a year. Next year I want to be at at least $200k, 3 years or less I hope to be $2mil.

>>23215544
the point of this post was investments in general. stocks was just an example. sounds like you are doing well though.

>>23215677
well first of all going from 3.5k to 20k is a lot easier than going from 20k-200k. depending what you're investing in there's no guarantee you'll make any profit off that 20k.

>>23214655
>>23214655

I am, crypto is a scam.

>>23215264
Fuck off, crypto will give you an easy 2x or 3x a year, stocks on the other hand will give you 10% if you are lucky.

>>23215763
TSLA, SPCE, PLTR, LINK. Scrounging my savings together for when Starlink IPOs in 2 years, want to put at least $10k in.

>>23214641
if you're putting in pocket change, i mean you're not wrong but like someone making 50,000$ a year can totally become a multimillionaire if they get good at trading and work their way up to real estate. if you're just going for 5% a year on your 230$ you're going to end up waiting 30 years. Take out a mortgage for like 200,000$ for like 7,500$ on an fha loan and get an avg return of 3% and have a wagie pay you rent. you get the initial 7,500$ for your downpayment by working hard and investing.

TLDR If you think stocks will get you rich they will but it'll take a long ass time, either trade options or get real estate if you're impatient or poor.

>>23214641
>You actually have to have a career that generates a 6 or 7 figure income. Then you use that money you generate to invest and become a multimillionaire.
I literally invested 3k into crypto back in 2017 and my portfolio reached 200k a few weeks ago before the retrace from the defi shit-token burnout/BTC sec raid.

>>23214641
What if I double my money every year on the market

>>23215290

>>23215914
He's not wrong desu
>inb4 noseberg jpeg

Risk it for the biscuit lads

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Telegram

t.me/hippofinance

>>23215914
>tfw Yotsuba B is default on (((((((4chan((nel)))))))))

>>23216193
Only on blue boards.

>>23214641
If you know how to trade for real (not meme trading like people here), you can do +100% on a BAD year. You WILL get rich even on $100 that way. It will take you 15 years, sure, but you'll make it. If you have 10k to invest, you just need 7 years.
That's assuming you're not very good. 200-250% is relatively easy to achieve on average. More than that is also completely within reach, but only with prop accounts and increased risk (then you can expect minimum 500% and maximum 1500%, all thanks to leverage). This, ironically, ONLY works on relatively small accounts, because you can't properly enter positions if your account is too big so profit is capped. To overcome this limitation you enter trades on longer timeframes instead of just daytrading.
Not to mention other possibilities like the speculative investing and pnd plays that are all over /smg/ and do, in fact, work consistently.

>>23214641
The goal should be financial independence not "rich."

>>23215776
>there is no stock except S&P500-tracking ETFs
the absolute state of this board.
TSLA 500% in a single year.
OSTK, SHOP.
Even AAPL, MSFT, AMZN, TSM, AMD have amazing returns.
Not to mention you can just shove your money into SOXL or TQQQ. At least use those as baseilnes.

>>23214655
>>23214666
>>23214699

/thread

>>23216180
fuck off pajeet

>>23215836
>LINK
so you're a dumbass normie. For short term gains look to VAMP, for near future gains look to FTM, but frankly be careful. Once BTC starts rising all altcoins are gonna dump, and it's rising. Sell your alt coins once BTC reaches 12k, that's my advice to you because once it breaks through 12.5k it might moon and all the shitcoins are gonna dump. If you're smart you buy the shitcoins when they've dumped and bitcoin settles for 30% profit within the day's end.

>>23214957
god I hate stupid fucking idiots like you. You think it's so easy to predict what's gonna rise and then to hold that when it dumps over and over again because you look back in hindsight and can see that it went to the top. You have to be crazy to make money with investments, because no sane person isn't gonna cash out on BTC when they bought in at less than a dollar and it reaches 12 dollars then dumps down to 4 then goes up to 8 for a brief moment.

>>23215767
Found the only white guy in the thread.

>>23216288
>if you're putting in pocket change, i mean you're not wrong but like someone making 50,000$ a year can totally become a multimillionaire if they get good at trading and work their way up to real estate. if you're just going for 5% a year on your 230$ you're going to end up waiting 30 years. Take out a mortgage for like 200,000$ for like 7,500$ on an fha loan and get an avg return of 3% and have a wagie pay you rent. you get the initial 7,500$ for your downpayment by working hard and investing.
>TLDR If you think stocks will get you rich they will but it'll take a long ass time, either trade options or get real estate if you're impatient or poor.
pretty much this. 10% of my 401k is in an s&p index. The rest is large cap growth. Index's a pleb filter.

>>23215396
You’re wrong.
t. $725k net worth at 32 and average salary $65k.
Well on track to bust several million by 65.
Not all of us live in urban shitholes that cost $50k a year just to eat and pay rent.

what do i invest in anons

my salary has grown a lot over 3 years, from 160k to around 300k now

net worth is only 450k though, i live in an expensive area and didn't cash out crypto at any point (should've dynamic dca'd...)

>>23214858
I have $800,000 and my initial was $600 fuck off.
Another x4 and I'm done.

>>23217430
Almost based, but so you really intend to keep eating until 65?

>>23217782
You ha e crazy income man. No reason to be crazy. BTC, ETH, SPY and real estate. If you get 5 houses paying rent every month your net worth will climb real fucking fast.
I don’t make even half what you make at my day job and that’s what I did. You could have 4-5x my net worth in just a few years

>>23217975
Waging ****** fucking new phone

>>23217975
Don’t care. I’m not playing for me. I want my kids to be rich.

>>23218016
I grew up broke. I’m the transitional form that will change my lineage. I’ve accepted my destiny and I’m proud of it

>>23218068
Based.

Look mate. The people here know this on some level. Their measly thousand dollar investment could turn a 100x next week and they still wouldn't have "made it". They don't want to build businesses and they don't want to land high paying careers. They just want to convince themselves that gambling small amounts of money on the next moon mission will dig them out of their pit of misery and they're here to sit around and meme about it when they should be spending their time productively.

>>23214641
Kek I'm a millionaire from chainlink and options trading at 30 so GTFO OP, go be a pathetic wagecuck somewhere else

>>23218830
me too

>>23217257
I bought in at a dollar faggot suck my balls. How much LINK do you have huh? I’m not buying your pajeet shittoken.

>>23215836
replace link w/ RSR

>>23214798
Its really sad how many people on this board want others to be as depressed as they are.

>>23220162
Buy rope.

>>23214641
What does rich mean here
Because I get the impression that for some people 7 figures is a charity case
Personally, I have fuck all and if this shit doesn't moon I'll probably have gone insane anyway so the poverty thing won't matter

>>23214957

probably a larp poorfag nigger

kys

>>23220282
This, if I could even make just like 500k on investing I'd be beyond happy and would consider it as having made it

>>23217339
ngmi smoothbrain seller

>>23214641
While I of course want to be rich, I have no intention of becoming rich from investing a couple grand into stocks and trading them weekly. I make around 300-500~ a month on average. While thats obviously not boatloads of cash, its still enough for my car payment/insurance. If I can eliminate a bill or two from investing then that's fine by me.

>>23217339
>You have to be crazy to make money with investments,

What?

>>23214641
i want to put pee in her poo for 1 link

>>23220163

>>23215776
Im 6 months in and up 30 percent. Total noob at stocks too. Don't blame others that you are retarded.

>>23224469

>30%

incredible

>>23218068
very based

>>23215319
I am easily that insane.

>>23225436

OMG the biggest meme stock on the planet. This PoS has been suppressed for like 5 years at least since before Trump's election. I wonder if it will ever take off. You can make a killing selling calls on this mother fucker though.

>>23225474
I dont even know how to do that I do know how to hodl.

You don't make money from just stocks. You acquire things that generate income, and use that income to generate more income. Wealth is about owning alot of things, not having just alot of one thing.

>>23225436
Based, I'm all in on NAK as well brother, just waiting for this orange nigger to win

am i gonna make it??
got $170k in crypto and $150k in retirement accounts too

>>23220163
Welcome to 4chan. 1% schizos (based), 1% total Chads (based), 98% pathetic degenerate NEETs.
I stay for the 2%. It’s worth it.

>>23225713
Yes if you are under 40. Take some of that crypto out and buy some real estate though.

>>23225983
I turn 32 soon. I'm thinking about saving up to $80k for a down payment on a house or townhome by middle of next year. Not sure if I should since I'm single though.

>>23226104
Do it. Don’t listen to the perpetual rent cucks on here. You need real estate of some kind. If you don’t want to live in it then rent it out at a 20% or greater premium on your mortgage.
20% down on a house is 5x leverage at 2ish% interest with no margin call! That’s cheap money. Yeah it grows slow. But rent cash flow is sweet as fuck and is almost recession proof. Take that rent and buy stocks/crypto. Take those gains and buy more real estate rinse wash repeat. That’s how you do it.

>>23226299
Very quickly you have an additional 5-20k a month coming in on rent alone on top of your wage cage job and you realize that you’re wealthy.

>>23217339
>You have to be crazy to make money with investments, because no sane person isn't gonna cash out on BTC when they bought in at less than a dollar and it reaches 12 dollars then dumps down to 4 then goes up to 8 for a brief moment.
ngmi
I've gone through countless swings far higher and far lower than that, with crypto being anywhere between 20% and 90% of my total net worth as it swings. I'm holding until I make it or until it hits 0.

>>23214655
>>23214666
>>23214699
>>23215222
>>23226299
haha fuck OP

>>23215158
This. I wage slaved, made good money too. Put 6% in 401k for company match for 10+ years. Quit in Feb after putting all funds in money market fund pre crash. Cashed in retirement just before the Rona, took the tax hit and bought back into the market at the end of March. Make money in the trades now, self employed. Over 150% returns in market so far this year. Feels good man.

>>23214929
Buy and hold gave me a 100x you faggot

>>23215836
MAXR is better than SPCE. Don't piss away money on a meme stock when you have a real opportunity at massive future growth for decades to come.

>>23214641
but i have and theres nothing you can do about it lmao

>>23214641
>>23214798
False and cope. Of course it takes time, but even middle class wagies can become millionaires.
Sorry you failed finacially at life.
>>23215158
this.

>>23218068
same. Best of luck.

>>23225621
That's the slow way. Carnegie knows best. Most people who get multi million dollar wealth from stocks was made from one asset. You just find a Golden Goose, acquire her eggs, and then watch your basket of eggs incredibly carefully. Diversify as you become wealthy to retain it. The sooner you start this method the better it works of course.

>>23216225
>If you have 10k to invest, you just need 7 years.
Isn't that optimistic? You can't even day trade with that account size.

>>23227537
You too fren. We’re gonna make it

>become a multimillionaire
>he needs multiple millions
a single million is more than enough, I'm halfway there and will be there by 30

>>23217782
Oh waaa I make 300k. Shut the fuck up bitch

>>23226781
DANGEROUSLY based post

>>23217782
Is this bait? What do you do making $300k/ year? Are you some boomer manager?

>>23214641
No you really don't. Once you know what you're doing or even once it just looks like you do, money finds you. $50,000 is plenty and you could get a reputation with less. That being said, if I could do it all over again I would go into medicine or engineering, something like that and I'm on course to be a mid six figure trader this year.