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/biz/ - Business & Finance

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13839901 No.13839901 [Reply] [Original]

How am I doing, /biz/?

I recently turned 22, have zero debt, a $20,000 truck paid off and save around $4000/month. I want to find ways to bring even more money but I work a ton and want to let my money work for itself.

>> No.13839920

I have negative money fuck you

>> No.13839921

all in LINK

>> No.13839933 [DELETED] 
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13839933

>>13839901
Your doing great friend.

Buy 21 BSV and call it a day.

That will in time provide for you and your family for the rest of your life.

>> No.13839965

Trying to avoid cryptocurrency

>> No.13840129

>>13839965
never gonna make it

ill say it again:
all in LINK

>> No.13840148

what are your skills op? what do you excel in?

>> No.13840217
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13840217

>>13839901

>> No.13840237

>>13839901
Have a savings account? Not going to make it.

>> No.13840241

Not bad.

but you have to be an idiot to bank with wells fargo. Shit tier bank.

Go to an online bank with 2.2% interest savings.

And anything other than a nest egg of 5 months living expenses should be invested in index funds. Unless your saving for a house.

>> No.13840248

>>13840237
this. imagine if that money was in LINK instead @ even 50 cents

>> No.13840261
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13840261

>>13839965
>trying to avoid crypto
>wants to make it

look bro don't be a pussy and just buy some LINK, ETH, and BTC. Thank me in 5 years, it's literally that easy

>> No.13840443

>No debts
>4k saved a month
I think you're doing fine op.

>> No.13840469

I'm 23, have 160k in bank, 35k in crypto, but only save $1000 per month. Also no debt and own a house worth about $300k with no mortgage.

Rate me /biz/.

>> No.13840515

>>13840469
...how?

>> No.13840525

>>13839901
>He thinks a car is an asset
Top kek

>> No.13840547

>>13840515
larp or inherited wealth. If he isn't lying, he certainly has no right to be proud of being handed a small fortune.

>> No.13840550

>>13840515
I graduated in December 2016 and got a job where I interned out of college and saved up about $10k by February 2017 and then got a shitload of ETH in February and Timereum, which became ELIX, around May, and spent the whole year trying to day-trade, with mixed results. But I sold off enough of it in January 2017. I actually sold, somehow, mostly by looking at the volume dying off, but the part I did hold onto after that went to hell and has yet to recover. I would have had about $140k more if I had sold it all instead of holding like an idiot.

>> No.13840567
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13840567

>>13840550
Fair enough, how much LINK do you hold though?

>> No.13840570

>>13840547
I started with $10k. It's not a larp and my parents, apart from paying for my college tuition which I'm grateful for, didn't give me more than a few hundred dollars over the years in birthday money in cash. See >>13840550
That's exactly what I did. We genuinely used to see "moonings" on the scale of what you saw with Matic every week or so, especially in March, May, an then finally November-the end of the year in 2017.

>> No.13840588

>>13840567
I bought LINK as soon as it was available and then sold the day before that first summit you guys had a while back. Haven't bought in again since.

Also I remember buying heavily into ICX during the ICO but they took our money in September and didn't pay out until fucking December. It went almost 100x though in USD, now down to about 3x I think, but that was also a good one. 2017 was filled with a bunch of lucky little moments like that for me, usually netting 20k or so, that started to add up. I think most other people here had the same results from that time though.

>> No.13840614

Every time I think I'm starting to get ahead I get dabbed on by people 5 years younger than me on /biz/

>> No.13840625

>>13840588
I'm a pretty big newfag to the entire crypto sphere and currently am holding LINK but I would like to try and chase some gains. Do you have any advice for a newfag such as myself that you used back when you were making those same gains? I like to do my own research but I'm not too sure what are good indications of a good crypto investment

>> No.13840670

>>13840614
You and I both, I'm 25 and only have a net worth of about $10K

>> No.13840671

>>13840614
don't worry, I'm 21 and on my way to becoming you, I've given up. I've decided to just follow my heart and go as hard as I can to things I personally feel have value.

>> No.13840695

>>13840625
See in 2016 and early 2017 there were far, far less coins than there are today. And among those coins, only a few were well vetted and available on the big exchanges. I remember when Coinbase had only Bitcoin and Ethereum, for example, and those here well before me will remember when it just had Bitcoin. But what I mean is that there was a sense that every coin will have its day, because there were only like 15-20 coins with huge market caps and the rest were much smaller, so no matter what you bought you were pretty much "guaranteed" to make money eventually. All you had to do was buy something and wait. You could do research but it wasn't as necessary if you stuck to the big exchanges. Now it's way too saturated, so altcoins dump and then never recover. I don't know what I'd do if I had to do it again now, and it's why I'm stuck at only $160k in cash instead of over $1 million where I want to be. I'm just holding Bitcoin, Ethereum, and a very very small collection of altcoins right now and researching more traditional investments at the same time... I don't know. Sorry.

I guess I'd say to make your judgment call, maybe with indicators or market cycles or however you want to do it, whether we're in a bull or bear market for crypto, and then buy the large cap coins accordingly. I don't use leverage in crypto. And keep some money, maybe just a few thousand, for playing around with altcoins too. But I'm far far more reluctant to hold onto any altcoin for an extended amount of time than I used to be. Sorry I can't be of more help.

>> No.13840725

>>13840695
It's all good, any insight is good. I usually take the advice of as many people as I can and see what the underlying message is in all of it. Probably a bad idea to do here in /biz/ but I've made a few thousand so far so surely I'm doing something right.

Thanks again, and good luck

>> No.13841170

You have to get a better savings account, I doubt that gets over 1% interest. Should be at least 2%

>> No.13841264

>>13841170
Is there more I can do though? Like something that gives me more than 2%