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/biz/ - Business & Finance

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18264509 No.18264509 [Reply] [Original]

if you had just saved up your first five figures, how would you go about reliably doubling it?

>> No.18264528
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18264528

>>18264509
all in chainlink

>> No.18264559

Same question but for 6 figures

>> No.18264615

>>18264559
What about 4 figures?

>> No.18264622

>>18264509
Same method you used to get to 5 figures.

>> No.18264670

>>18264622
i've played enough mmos to know that you have to spend money to make even more money
NOT by wageslaving even more

>> No.18264686

>>18264509
Roulette

>> No.18264771

>>18264509
put it all on red. silly question

>> No.18264772

>>18264670
The safest way to double it is more wageslaving. No one has an easy way to double your money.

>> No.18264776

>>18264509
three safe bets

>> No.18264798

>>18264509
unironically put it into USDC, sell half of it for eth then add it all as liquidity on the eth/usdc uniswap pair.

>roughly 20% apr in trading fees assuming price of eth is same in 1 year

as theres some eth exposure if eth damps you can lose (but only if you cash out)

basically just ride the trading fees growing your liquidity passively and cash out when eth is $200

$10k into $20k whenever that happens, likely $200 eth very soon

>> No.18264828

>>18264509

In a normal market I'd say dividend stocks, blue chip crypto and precious metals whenever the cycle is at its bottom and keep an eye out for interesting things.

Right now in crisis mode I'd say biomedical companies, crypto after the coming crash, precious metals after the corona crisis stops shutting down the mines and people stop panic buying. For the short term you want to hold onto your cash for the deflationary crash.

>> No.18264829
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18264829

>>18264528
Fpbp

>> No.18264839

>>18264798
(and this is pretty much bulletproof for safety, only risk is USDC stablecoin going boom, aka coinbase)

>> No.18264948
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18264948

>>18264509
wow! op, you make fun of crying children? hahaha your really cool so edgy

>> No.18265294
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18265294

>>18264948
>he doesn't know
https://www.youtube.com/watch?v=qXI79aicUEk

you got FINESSED

>> No.18265349

>>18264509
YOU ARE WRONG LEONIDAS

>> No.18266087

>>18264509
>realiably doubling it
There's no such thing, at least not with a time horizon of less than 10 years.
If you want higher returns you are going to have to deal with more risk.
I think oil is a good bet. It's extremely low by historical standards and will most likely be twice as high one year from now. It's the closest thing to a guaranteed 2x in a year that I can think of.

>> No.18266132

All in bitcoin. Sell every time it pumps 7% or more in a day. Buy every time it dumps 7% or more. Turned 1k into 5k in a year of casually doing this (with a stop loss of course).

>> No.18266650

>>18265349
waited for this u made me proud

>> No.18266666

Save it once more

>> No.18266712

All in Shell and Chevron

>> No.18267165

>>18264772
Invest in index funds and wait 10 years

>> No.18267282

all in ethereum