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/biz/ - Business & Finance

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Anonymous Sat, Dec 21, 2019 19:50:23 No.16627792 [Reply] [Original]

How do I make my money generate money for me?

>>	Anonymous Sat, Dec 21, 2019 19:51:08 No.16627799 >>16627792 by investing it

>>	Anonymous Sat, Dec 21, 2019 19:57:17 No.16627851 >>16627799 Where can I make an investment? And how does that make money for me? Say I invest $100, the value grows to $150. I sell $50 of it off and can use that?

Anonymous Sat, Dec 21, 2019 20:07:16 No.16627930

>>16627851
You can buy stocks. And yes you could sell off parts of your investment and use that, or the stocks might also pay dividends a few times a year. It's probably better to not sell off parts of your investment though, and to reinvest any dividends you get. That way it can grow for years, unless you need the current income. Look at the /smg/ OP for info. Avoid crypto scams.

>>	Anonymous Sat, Dec 21, 2019 20:37:19 No.16628105 >>16627930 How do I get stocks that pay dividends? What's the name for that?

>>	Anonymous Sat, Dec 21, 2019 20:41:21 No.16628120 >>16627792 Its called usury. Good luck practicing it though. Never works out in the end.

>>	Anonymous Sat, Dec 21, 2019 20:52:47 No.16628179 What are good books or guides on personal finance?

>>	Anonymous Sat, Dec 21, 2019 21:28:09 No.16628411 >>16627792 by having a LOT more of it than you probably do

>>	Anonymous Sat, Dec 21, 2019 21:29:54 No.16628424 >>16628105 By buying stocks that pay dividends. They change up though so if you’re not willing to check on which ones discontinued their dividends just buy a dividend yielding etf with a low expense ratio. .08 and below.

>>	Anonymous Sat, Dec 21, 2019 21:35:35 No.16628465 >>16628179 Tony Robbins - Money Master the Game

>>	Anonymous Sat, Dec 21, 2019 21:37:12 No.16628478 >>16628179 A really good book that covers a lot of areas of personal finance is The Wealthy Barber by David Chilton. I'd say it's an essential. Also if you want to learn about what is probably the best way to invest, just look into index funds.

>>	Anonymous Sat, Dec 21, 2019 21:40:44 No.16628497 >>16628465 This a joke?

>>	Anonymous Sat, Dec 21, 2019 21:44:24 No.16628513 >>16628497 If you're a beginner it's all you need to know.

>>	Anonymous Sat, Dec 21, 2019 21:51:50 No.16628559 File: 482 KB, 2100x1413, Jack Motherfucking Bogle.jpg [View same] [iqdb] [saucenao] [google] >>16628179 https://www.bogleheads.org/wiki/Getting_started

>>	Anonymous Sat, Dec 21, 2019 23:34:38 No.16629073 File: 1.27 MB, 952x1692, RepentantPolishedGoat.webm [View same] [iqdb] [saucenao] [google] >>16627792 Buy ETFs...and get the dividend reinvesting going...

>>	Anonymous Sun, Dec 22, 2019 00:38:58 No.16629421 >>16627792 Buy shovels for 2020. Kleros generates ETH at a $1M cap token price. Accumulate.

>>	Anonymous Sun, Dec 22, 2019 00:44:47 No.16629449 God this board is such unmitigated trash

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