/biz/ - Business & Finance

Buy GBP

5x 1 oz Platinum - $5k
2x 1 oz Palladium - $ 4k
5x 1 oz Gold = $10k
200 oz Silver = $6k

Put it in the bottom of your closet, forget about it for 5 years. When it comes time to cash out, isntead use them as a collateral for a loan. All are ISO standardized investment metals (pretty obvious but just specifying even your Palladium will be useful to banks). Repay your low interest loan and pass the metals on to your ancestors.

This is the only real wealth that will transcend the next human stage, to whatever globohomo shit they replace our sovereign nations with

>>51665620
I have stocks, ETFs, retirement accounts, crypto. Ready to buy the dip into land this upcoming cycle.
Physical, in hand, precious metals are the one thing I've never felt any ounce of regret and questioning. It is by far the most /comfy/ place to keep excess cash. When I do lose on other investments, I go hold my metal, and everything feels fine. It's hard to describe.

The stock market is out right now since it's tanking, keeping it in cash isn't great with inflation. Depending on where you are you might be able to afford a down payment on a rental property. Interest rates are high at the moment but you can always refinance at a lower rate as they inevitably come down. Otherwise I'd suggest $10k in I bonds and then another $10k next year.

>>51665886
I have no income currently so real estate is kind of out of the question.

crypto

unironically keep it in cash. no one's going to give you that advice right now but the DXY is parabolic. if you want to hold a mooning asset in 2022, hold cash.

>>51665964
I'm basically all in cash and a bit of crypto right now. Wish I had a skill I could build a business out of but I don't so I'm looking for ways to keep the money growing without having to go back to waging for someone else.

>>51665521
I would recommend a savings account, and a 0% apy introduction credit card with at least 2% cash back. You can spend money on the credit card without any interest for the first year and earn around 2% apy on the savings account. When the year is up on the credit card pay it back with the money in the savings account and you've basically double dipped on your rewards

>>51665964
biz suddenly paying attention to dxy is giving me top signals

>>51665900

If you have no income then hold it. Right now is not the time to be playing with your money if you can't replace it. It'll depreciate with inflation but that's the price you gotta pay.

>>51665964
If your goal is side income your best bet is a small business. You could for example buy $5-$10k worth of inventory of useful things, and start selling on Amazon. Or spend $2-10k on some laser cutters or plotters and start selling stickers. Or waterjetting, opening a laundromat, etc. But productive assets.
Second place after this would be rental property. Less income potential, but less work and less risk. Potentially a few hundred dollars a month (after mortgage, tax, insurance, etc), but will take legwork, maintenance, etc. Still 20k should be enough to get a downpayment on a small cheap place to start your landlording.
Productive assets though, if yu want income

>>51666038
Fuck, when's a good time to start looking into the markets?

Liquor store

>>51665984
>Wish I had a skill I could build a business out of but I don't
Are you artistic at all? Did you doodle a lot as a kid? Ever learn a musical instrument (even if long forgotten)? Tell me about your personality.
If none of those - are you a good manager? Are you very detail oriented, keep spreadsheets of your daily life, etc?
There's ways to make money, lots of them in my area, both socially and geographically. I can give you some tips. Tell me who you are though.

>>51666318
I'm somewhat musically inclined but that is a damn saturated field. I have enough startup capital to get something going but I'm very risk averse and afraid of getting fucked over by others if I try to employ those with skills I would need.

>>51666001

I can't predict the future, but likely sometime during the spring. With all the goings on in Europe it's going to be a rough winter.

In the meantime, UFB Direct currently has a 2.85% APY Money Market Account. Think that's about the highest you'll find, but the catch is that you can only move $10k in or out per month without a fee. Might be a good idea to at least put your emergency fund in there to minimize the impact of inflation.

My other advice to you is to go back to work. It sucks. I get it. But even if you do start a business or become a landlord or whatever for passive income you always want to have a safety net until you can be sure your new income stream can provide for you. And that means a job.

>>51666120
>>51666478

Whoopsie

>>51665620
Do this if you want your $25k to become $23k (not counting inflation)

>>51665521
>tell me what to invest in if I want to make money
>but it can't be something that will make money

>>51666623
Shut the fuck up I already have crypto, most likely far more than you do. You people are so insufferable.

Here's what you do.

Buy a home and rent it out. Nothing makes money like real estate does. The returns grow faster, they're safer, and most importantly it's monthly cash flow. You need to create a cash flowing asset and real estate is were it's at.

Put a down payment on one home. If you're a first time buyer you might only need to pay 5-10% down payment. Works that way in Canada. Dunno about your state. If not you'll have to put 20% down.

Buy a house or 1 bedroom condo. (Not 2bedroom as don’t want troubles of having 2 people to pay the bill) Or even buy a pre development condo. This will be your new investment tool. Rent it out and have someone else pay down your mortgage.

>>51666760
Isn't the mortgage rate different if you're going to buy it as a rental?

>>51666623
Most “crypto” like Ethereum have no actual use cases. The only blockchain projects with actual use like stablecoins, bitcoin, monero don't even have much use besides anti government purposes. The NFT markets out of steam and unless blockchain has any new tricks I think thats the end of that fun experiment. Web3 has no commercial value.

You're gonna lose all your money.

>>51666783
What country are you in?

The down payment requirements are a little different but with 25k you'll be fine.

The rate shouldn't change, it's based on the amount you borrow. Typical investment property needs 20% down so would in theory have less of a loan and a better rate.

But rates are historically low still and only gonna rise, so lock in a 5 year fixed rate and then rent it out and begin paying down a mortgage.

>>51666873
In burgerland. I haven't looked into real estate because I have no income so I doubt I could get a mortgage. There's actually a fairly old cheap house in a decent neighborhood down the street from me up for sale, but I'm no position to scoop it up.

>>51666335
If you're creatively inclined, you should lean into this. As content creation continues to get democratized, there's a lot of opportunity. Spend a couple of Gs to get an instrument, if you don't have one already, and a copy of either Logic, Ableton, Protools, Cubase, etc. If you have the hustle and are willing to put inj the time you can work for yourself above minimum wage quite easily. Getting rich off it is a different beast and also where the demoralizeation is. You can start with fiverr and similar gig services but your better bet is to create content, get it online, and reach out, cold email, content creators and offer totally royalty-owned custom music for well below market value. Local youtubers woudl be best, but can also do indie film scores, etc. Don't work for free, but also initally charge less than you're worth. There's a balance point to hit of being good enough for shitty indie content, that creates a wave you can ride. This is a pretty easy ladder to work up to higher value music, there's a lot more opportunity than you realize, especially if you're willing to sign over lots of rights (film distribution royalty waiving, etc).

>>51666891
Fair enough. I’ll tell you what I plan to do next. Maybe it will help.

buy fences like this and rent them out,
find somewhere to store them,
and a flatbed truck to deliver them.

If you can solve these 3 problems you can have a damn good shot at running a business.

These aren’t too expensive. You could buy them in bulk for a couple thousand and rent each one out for $1 a day

>>51667055
I do own a truck

>>51666891

What state? With $25k in Wisconsin you'd have no trouble. In New Jersey you'd need double or triple that.

I'm going to say it again though. You need an active income stream, a W-2, and a paycheck. Doesn't matter what you're doing. I was a janitor for a bit, they make good money. Car salesmen and insurance agents too if you can do sales. Having a bone fide job just makes getting a passive income stream so much easier.

>>51667055
Well give the fence business a shot.

>>51667248
How much will the fence cost? How much should I buy to rent out?

>>51667217
I'm in the mid-atlantic, quite a costly area. I guess I could pick up a shit job for a bit to help get the ball rolling.

>>51665521
buy curve
>>51665620
lmao bagholder

>>51667264
Probably $100 each. Buy 50 for $5000

Look up "temporary fence panel for sale" in your area and it will give you options.

Going rate is about $3-5 per fence per day up here. You could be the cheap guy for $1/$2 a day til you get used to running this.

>>51665521
Dividend stocks.

>>51667325
>temporary fence panel for sale

What's the best style of fence to buy? Chainlink? Fencecade?

>>51667621
>Fencecade
try a chainlink fence to start. Just look what other competitors are doing and steal their design

>>51667713
Looks like there's already a ton of big boys in my area. How do I compete with them? What about all the red tape BS I'll have to inevitably jump through?

>>51667797
As I said, be the cheap option. There's only so many fences around and with a growing population there's always demand. Hence the other players in the market.


No red tape. If you want to insure your fences you can get liability insurance for $100 a month form any insurance company.

This is the simplest business idea I can think of besides being a landlord

Give it to me, buy 25k in USDC and give it to me
and fuck you nigger i aint paying the fees thats on you.

>>51665521
>Go to Colombia
>Buy 10 kilos of cocaine (2500$/kg)
>Move that baking powder to Europe
>Sell each kilo of cocaine for 32k EUR

Easiest 12X of your life

>>51668011
I have too much money to risk pushing drugs.

buy guns and canned food. shtf soon.

>>51665620
>letting bank thus feds know you have pms

>>51665540
Mommy gives me good boy points for free already. You mean your mom makes you pay for them?

>>51665757
Nice old golds. Excellent taste. What's that one to the right? A Guinea?
>>51668017
Use half on drugs and the other half in a bond or vti or something so if you get busted for drugs, it'll go up while you're in prison for 15 years. During that time you can work on getting /fit/ in the yard with your jailhouse chums.

>>51666813
QANplatform blockchain has quite some use cases though, It's quantum resistant and can be used by virtually all sectors
>Blockchain is the future, not understanding it now doesn't change that fact

>>51665521
Buy a car to start Uber

>>51665521
Unironically crypto backed up by gold. Wait and buy the holoclear release (soon, ticker:HOLO). It's the biggest hedge fund with algorithmic staking out there and it's coming to make a revolution on POW. Think what ghostrader wanted to do but failed due to a massive rug, these are the guys behind the code

>>51672661
>gold
>crypto
checked

>>51671666
I have a truck that could be used for far more lucrative things than Uber.

>>51665620
>5 years

Fuck off boomer. You’ll never be a millionaire.

>>51665521
Roll over short term treasuries.

>>51665521
start a business
start a non profit

>>51666318

Not op but in the same situation

I am artistic/drew as a kid and did graphic design channel backgrounds for people who have like 500k subs on YouTube (in 2011)

so how I make money from this when ai can do this shit in seconds

LUNC

>no crypto please
what the fuck are you gonna do about it anon?

>>51665521
Crypto is the only option you have fag. Gives you good returns when bulls come back. Even payments are done with crypto now. Do you need to be spoon fed everything?

>>51665984
Crypto isn't going anywhere. Even lefties can see that. I would start with CryptoXpress instead of sleeping on my hands. Your choice.

>>51665521
Nothing besides crypto. The sooner you realize this the better.

>>51670940
Fags still shilling quantum computers? Y'all need to get a life.

>>51673725
That will hardly get you anywhere. He needs to earn passively with that, and crypto is his best bet. Staking campaigns of xpress are a good place to start, Got nothing to lose.

>>51676781
Based. I don't see why I should ignore payment solutions and listen to vaporware. I'm yet to be convinced.

Crypto is just a small cap investment at this point. And the S&P 600 is following the overall market trends too, so there's no real benefit in investing in crypto right now as opposed to anything else.

>>51665521
Unironically crypto is actually pretty cheap rn, nobody wants it, and staking exists

>>51665521
buy SQQQ calls, the market is going down 2008 style

>>51665886
>buy high sell low
Dont listen to this retard

>>51665757
Buy wastelands and turn them into arable land with permaculture.

>>51665521
Wood stove and a good axe and hatchet

>>51665521
VTI, derivatives, gold. If you do intend on crypto eventually, blockchain DAO backed ones like milestoneBased, or partners like Supra Oracles

>>51678451

??? We're nowhere near the end of the recession. Putting money in now if you're not averaging it in is foolish if you can wait when prices are lower. Sure, you can't perfectly time the market but you can definitely get in at 10-15% above rock bottom as opposed to where we are now.

>>51665521
Watch petroleum stock like exxonmobile and Occidental petroleum and copper stocks

>>51665521
You bloody sucker is never going to make it. Crypto is the future!
Go fucking get yourself some REEF and MILE token. The latter has got big partnership in UAE

>>51665521
Crypto remains the best bet for me but you can buy PAXG with half of it just to play safe and then throw in the rest on good low caps. Particularly on good gems like GSTAR that will soon be launched for easy ROI ahead of the next bull run. Many degens know this but they will never tell you.

>>51665521
Get some GME and DRS it with Computershare