[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 277 KB, 748x1024, 1565554497155.jpg [View same] [iqdb] [saucenao] [google]
15262522 No.15262522 [Reply] [Original]

Finance-retarded caveman here. I need advice and guidance for what to do with my meager spare funds.

I have 5k that I was going to put into a TFSA(canadafag). Of this, I was going to divide 70% into stocks and 30% into bonds. There's a service called questrade that I was going to use based on a friend's rec. I'm not looking for get-rich-quick, I just want stability for my investments, but with doomsayers now suggesting gold in case the dollar(or faggot loonie) loses value, I don't know what to think. Can anyone dumb down the current investing situation for me? I know 5k is probably a worthless amount and I'm ignorant, but I figured /biz/ would be more brutally up front. Thank you.

>> No.15262554

unironically cashed in my tfsa for bitcoin

>> No.15262761

>>15262522
All in on Chainlink or be poor forever.

>> No.15262766

>>15262554
I feel like that ship sailed for me at this point

>> No.15263786

dont do the stock meme. especially now. its going downhill. either 1. HOLD CASH for the next 1-2 years. or 2. BUY BTC/LINK when/if it crashes while holding CASH.

>> No.15263822

Get some inverse ETFs for the crash and then when the time is right swap them for ETFs.

>> No.15263888

>>15263786
Okay, is it better to hold cash than precious metals?
>>15263822
What would be the best way to do this? Any to look for?

>> No.15264243

>>15262766
Bitcoin is under 500k, it hasn't sailed yet, kiddo.

>> No.15264370

>>15263888
Google "inverse s&p ETFs canada". 6oi can buy american inverse ETF too but you'll lose 1% by converting currency

>> No.15264428

>>15264243
Would dedicating $500 be worth anything via BTC in coinbase?
>>15264370
So for inverse ETFs, I'm going for the targets doing badly in the market? Like all the down trends?

>> No.15264459

>>15264428
Not sure what you're asking. Inverse ETFs will do the opposite of whatever index they reference. If s&p goes down 2%, SH (for example) goes up 2%. Just buy shares of SH if you think markets are going down.

>> No.15264501

>>15264459
Yeah that was exactly what I was asking

>> No.15264536

>>15262522
Jesus, the manjaw on that bimbo. I bet her cock is bigger than mine.