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56831350 No.56831350 [Reply] [Original]

I've been procrastinating about investing for 6 years now and never made any moves, and I've amassed a humble amount of 60k in cash at this point. Trying to find good company's from all sectors seems so overwhelming and time consuming, especially when I am competing with so many people.

Would it make more sense to concentrate on one small market/country and perhaps even choose one sector inside of the given market and just analyze the shit out of it in monk mode? For example battery metals mining companies interest me but would I be an idiot spending my free time studying metals instead of being just a casual investing bro and buying some big to semi big sp500 stocks? Also mining is something I may study as a minor in university so I could maybe gain an edge over non mining people with that and certainly it would help to motivate my studies.

I think also Martin Shkreli said at some point, get passionate about a small segment and you can get success at investing, other than that you are just hoping for the best and actually have no idea about anything

>> No.56831431

pick a DAO
all in
wait for the next defi summer
sell the wave

>> No.56831575

>>56831350
Public information is always priced in. The stuff you'll learn from annual reports or internet research is already known by hedge funds; retail just gets to ride the market. However if you worked in the mining industry and knew something unofficial like a policy decision or potential discovery before it becomes news, this would give you an edge. That being said theres nothing wrong with throwing in some smallcaps you believe in but I'd throw a majority of my portfolio into SPY.

>> No.56831587

>>56831350
Keep cash. We’re in the beginning of a contraction phase. A depression is on the table.

>> No.56831596

>>56831350
Just buy bitcoin bottoms or QQQ going off a single simple indicator like fear and greed or something, you're not going to pick the right stock

>> No.56831663

>>56831587
why so, fed and ecb are stopping hikes apparently and inflation has come down massively from the worst times

>> No.56831701
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56831701

>>56831350

>> No.56831736

>>56831663
Never trust any inflation measures, they alter the basket of goods and exclude the more expensive parts of people's budgets to fudge the numbers. The GDP was high last quarter because the government is spending at a deficit not seen since 2008. The crash comes after the rate cuts btw.

>> No.56831936
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56831936

>>56831663

>> No.56831953
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56831953

>>56831663
>>56831936

>> No.56831963
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56831963

>>56831663
>>56831936
>>56831953

>> No.56831987

>>56831936
>>56831953
>>56831963
biz will miss this

>> No.56832039
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56832039

>>56831953
this is really really accurate, especially the authoritarian part we are entering
don't ignore it

>> No.56832275

> mining expert
your a faggot ..how could you miss uranium and oil last 5 years ? Making 300-500% since 2019

>> No.56832300

>>56831963
>>56831953
>>56831936
So is the economy planned?

>> No.56832314

>>56832275
This. Ignore the crypto zoomers.

I'd dump at least 50% of my holdings into URNM and/or URNJ, third leg up hasn't even started yet in uranium, but it likely will within the next month or two. Gold/silver is kicking off right now. Silver is lagging, so I'd buy some SILJ and learn about options and buy SLV 2025 LEAPS with strike price of $30... if silver rockets to $40-$50 like it looks like it will, you'll make bank.

For junior mining and investments stocks, well you need to do your own research.

>> No.56832732

>>56832300
Absolutely. Everything is.

>> No.56833257
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56833257

>>56832314
I will study like hell through my uni winter break now I'm reading mineral exploration 101 in my uni library and watching resource talks on youtube WAGMI

First I'll probably put like 10-20k into some index just to get my adrenaline up and get me forced to do research when I al in I have extra motivation to read. I was thinking about sp500 or nasdaq Just some basic beginner shit but ngl I could go straight to gold miner index

AND THEN start analyzing the shit out of mining sector and try to risk 10-20k on mining stocks. I am left with 30k which I'll either put into bluechip murica stocks or some index to play it safe. Sorry for my rant I just wanna lay my strategy here so I have less excuses

>> No.56833277

>>56831350
He looks great here!

>> No.56833297
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56833297

>>56833257
Imagine missing a crypto bull run for boomer gains

>> No.56833343

>>56831350
Ok nobody on this board is going to tell you this so I guess I will.
Trading isn't the same as Investing. If you wanna trade good luck with that but chances are you're going to underperform and lose your money. If you want to Invest, just go to Ben Felix yt channel and watch it all chronologically. Investment is a solved game. IMHO You should invest since you have 60k, And you really shouldn't trade OR touching crypto if you worked for those 60k. How would it feel to lose half? In a week? Think about that shit.

>> No.56833397
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56833397

Hello fren, I recommend investing in GLP1 stocks like Eli Lilly and Novo Nordisk. Pfizer also has a drug that isn't yet approved. Those 3 will allow you to monetize obesity.

Ozempic and Mounjaro are life changing for fatties and some pay upwards of $1000/month for these drugs out of pocket.

>> No.56833642

>>56833257
how is reading old mineral exploration books going to help with any of that?
I would set aside at least 10k for medium-risk crypto

>> No.56833701

>>56831350
1. Take your 60k and put it into a divy that will pay the term life insurance premium for your plan. 2. Take another portion of your savings and buy a vehicle.
3. Shut the fuck up, you dont invest. You will lose it all

>> No.56833980

>>56833642
to understand a lot of the mining industry

>> No.56834928

>>56831350
Dude you made it without even trying. Start investing in 6 months. You literally couldn't have timed an entry better. Sure you missed a big rally and new ATHs but you also didn't sell early. You didn't rebuy the top. You didn't lose money on the -98% move across most (all if we're honest) assets. Don't chase the recent pumps. There's a dead cat bounce before actual capitulation and depression level prices. Start buying anything in 6 months and you will retire in 5 years. You will easily 100x 60K. Don't sell everything cause taxes will eat you up. Prices will go up and never return to May 2024 figures EVER again.