/biz/ - Business & Finance

[Anonymous No.17749384]

I got money saved up, learned my lesson from 08. What do I buy on the cheap? Crypto or a specific stock? I think tomorrow will be the time to buy up. Also, the virus will spread more, but we'll all live, it will just create more panic for Costco toilet paper, so based on that, where do I put my money? Bitcoin is so fucking cheap, seems like an easy way to double my money.

[Anonymous No.17749440]

>>17749384
I'm honestly staying away from crypto. Just got my fiat ready to buy blue chip stocks after they crash by another 70%.

[Anonymous No.17749486]

>>17749384
>learned my lesson from 08. What do I buy on the cheap?
A 20% drop isn't a crash. People still have jobs and houses still have value. You'll know when you see the crash.

[Anonymous No.17749614]

I have $10,000 cash, but I'm a complete retard. Do I download Robinhood on my phone and just buy shit now that it's cheap?

[Anonymous No.17749834]

>>17749614
No. See >>17749486

The expression "buy when there's blood in the streets" doesn't mean "buy when people make a speculative sell surge". It means literally blood all over the streets of your nation. People so broke that they try to steal food regularly and others are defending their stocks with firearms.

[Anonymous No.17749916]

>>17749614
Lmao. You dont go all in right now! You buy a little at best. Imagine buying two days after 1929 stock crash started. You'd be bagholding for a long time.

I bought a few hundred dollars worth earlier today to begin dca'ing, not sure how much I'll be
>sticking in per section of time
>section of time being once every week/2 weeks

I'm already down about 5% and that's after buying today! Hopefully I'm smarter about it this time as i intend for this to be long term holds. I was impatient last time and screwed myself over by literally buying high and selling low until I discovered options where I really screwed myself over.

[Anonymous No.17750035]

Platinum production cost is $2000
Platinun costs $777
Platinum gold ratio is 0.5
Platinum is 20 times scares than gold
Platinum is mined in only 2 places
Platinum market cap is $0.265 trillion
Platinum market cap is 11 times smaller than gold

[Anonymous No.17750336]

>>17749834
So I don't buy right now, got it. But what do I do to prepare? Like I said, I'm a retard and don't know shit about stocks/investing. Where and how do I become competent so I can take advantage of the situation when it comes?

[Anonymous No.17750445]

>>17749834

>>17749916

So I don't buy right now, got it. But what do I do to prepare? Like I said, I'm a retard and don't know shit about stocks/investing. Where and how do I become competent so I can take advantage of the situation when it comes?

[Anonymous No.17750506]

>>17749440
That was also my second option, I'm tempted to throw half my 401k into them by next week.

>>17749486
People FEEL as if they are, good time to buy. They aren't thinking.

>>17750035
Metals are down and typically a bad investment, but I do have others I know dumping money into them to save their 401ks, but they did this a month ago.

>>17750336
First and foremost, buy guns and ammo. At the end of the day, that my real plan if shit kicks off. Only the strong will survive

[Anonymous No.17750552]

>>17749384
its all over just buy a gun and water filters

[Anonymous No.17750591]

The fact that people.are thinking of buying means if this doesn't go away in 2 weeks it will last 6 months. Dont throw your money away.

[Anonymous No.17750613]

>>17750445
Ur playing with fire lad

[Anonymous No.17750810]

as others have said, wait with the buying.. we still have a long way to go.
when buying stocks, look at P/E and dividend yield. Be wary of companies that have large debt e.g. Ford, AT&T.

[Anonymous No.17751016]

>>17750613
How so? Is it because I'm dumb when it comes to these matters so I wouldn't know how to make the right call?