passive investing

[Anonymous No.18734898]

This entire sub seems to be focused on short term gains and day trading, What about the folks who just want to grow their money slowly but surely?

I have a few grand of disposable income sitting in the bank and I want to put it into some nice safe instruments so I have a little extra cash to leave the state when I get my degree in 3 years. Any ideas? Index funds? Maybe some ETFs? Should I just go full boomer and set up a 401k and save it all for retirement? Any thoughts appreciated.

ADHDaytraders and shitcoin miners NOT welcome!

[Anonymous No.18734933]

Now is not that time for that you stupid retard. If that's what you want put your money in a Roth IRA and fuck off.

[Anonymous No.18734979]

>>18734933
>now is not the time
But isn't the market in a slump because of coronachan? Now sounds like the perfect time for long term investment considering I can get in on the ground floor.
Or are you just another ADHDaytrader who thinks a stock is worthless if he doesn't see a 500% return in 20 minutes?

[Anonymous No.18735049]

What is your question? This is basic 101 level information. Just invest in an index fund and pray that the market doesn't crash within 5 years before/after your retirement date.

[Anonymous No.18735083]

>>18735049

Alternatively, stop wasting your free time and start using it to develop diversified passive non-investment income that will support your cash flow needs independent of wage work.

[Anonymous No.18735168]

>>18735049
Yeah I'm an investment brainlet thanks for noticing. Any good sites for looking up/researching index funds?
>>18735083
>develop diversified passive non-investment income
some of us are pursuing actual careers and don't have time to start a pump and dump tech IPO

[Anonymous No.18735368]

>>18735168

If you can't put in the tiny amount of effort it takes to look into index funds, then nobody here can help you. Just pick a Vanguard target date fund and go for it.

"don't have time" is code for "I'd rather watch TV and lurk 4chan than pursue valuable activities." If you're using your free time to a) spend money and b) consume products and media, you'll never make it and will work every day until the day you die.

[Anonymous No.18735426]

>>18735368
I can google "good index funds' perfectly well, thank you. I just thought I'd get a second opinion from my favorite anonymous anime image board before I sunk a couple grant into an index fund recommended to me my some anonymous financial blogger. Sorry for asking and accidentally bumping one of the 500 altcoin meme threads off the board.

[Anonymous No.18735563]

You really are retarded if you think this place is a source of good financial advice.

[Anonymous No.18735631]

>>18735426
How did you even expect any reactions other than the ones you got

[Anonymous No.18735811]

>>18735563
>>18735631
Okay but where else am i gonna go? My dad is a boomer who never really had to invest any of his money because he had a union pension and unironically told me airlines are still a good investment while we're in the middle of a travel ban and some of them might go bankrupt. I'm not economically educated. I had to learn how to do my taxes on my own. I just want to squirrel away some cash and let it grow and I thought some anime-loving shitposters might be able to point me in the right direction. Sorry.

[Anonymous No.18736061]

>>18734898
>this entire sub
pls kys and go back

[Anonymous No.18736081]

>ADHDaytraders and shitcoin miners NOT welcome!

You fucking reek of r*ddit, fuck off you are not welcome here

[Anonymous No.18736103]

Max 401K and Roth-IRA. Look up what a "backdoor roth-ira" is. Pick some Vanguard index funds with appropriate risk/exposure and target dates that you're comfortable with. Just hold.

Don't dump your money in all at once, buy over time with tax-free contributions from your salary. If you have cash, hold it. We're headed for deflation.

[Anonymous No.18736116]

>sub
nevermind, go back. you're too retarded for any of this to work.

[Anonymous No.18736164]

>sub

Very subtle bait

[Anonymous No.18736236]

>>18734898
I have the majority of my cash in passive stocks / staking crypto. I day trade with about 5% of my net worth. The short term requires way more research and digging, so you are going to hear about it alot more. Coupled that lots of folks have more time now, you get this.

If you want passive gains anon, and truly believe that the economy is going to recover, a 401k and some basic index ETFs are great. Find the one with the lowest management fee.

If you want to hedge, buy some government bond ETFs. Currently have about 10% in Provincial Bonds, and it's the only thing that's gained since this started. It also pays 3% annual divvys, monthly.

Best of luck.

[Anonymous No.18736311]

>>18734898
You sound like you think you're a lot smarter than you are, and you sound like you need to lurk more.

Just go hang out in /smg/ for a few months.

[Anonymous No.18736333]

just noticed >sub. Makes sense because your whole post reeked of Reddit. Fuck off you fucking faggot.

[Anonymous No.18736383]

>>18734898
>bait

[Anonymous No.18736508]

>>18734979
I have been buying in to stable dividend stocks during this crisis. Trying to find companies with good spreadsheets. Been going well so far. Feels a lot better than pretty much gambling on crypto.

[Anonymous No.18736667]

>>18736508
Thanks. Where do I look up a company's spreadsheets?

[Anonymous No.18736749]

>>18734898
>slow but sure gains
>the long game
>3 years
AAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA thats not how that works. 3 years? Try 30.

[Anonymous No.18736861]

>>18734898
>I've done it! I've finally made i-OOOOOHHHHHHHHHHH
>*dies*

[Anonymous No.18736869]

Buy BNB

[Anonymous No.18736947]

>>18736861
I plan to "make it" through my actual career which i enjoy doing. Investing is just a supplement.

[Anonymous No.18737000]

>>18734898
Google dividend aristocrats and decide what sounds good

[Anonymous No.18737229]

Here you go OP, I've been a passive investor in index ETFs for over a decade and had nice, reliable success. Day trading is for gamblers, and most of them lose.
https://jlcollinsnh.com/stock-series/

[Anonymous No.18737275]

>>18734933
i don't think you really know what an ira is

[Anonymous No.18737351]

>>18736508
care to share which companies you see as having good buy-and-hold value?

[Anonymous No.18737390]

>buy a decent bag of every shitcoin shilled on /biz/
>forget about it
>years later find at least 1 has mooned

Easy.

[Anonymous No.18737475]

>>18734898
1. Pension
2. ISA/US equivalent
3. Private investment
3.1 Property
3.2 Business ventures

You can do those with money and little/no brain. While using brain or effort, you can create courses/ebooks/ecommerce sites i.e. mini businesses. If you have big brain and effort, go tackle a problem you face and sell the solution i.e. business.

[Anonymous No.18737509]

>>18737390
Shitcoins don't moon. Bitcoin was a fluke because it was the first one and got massive media attention for being "le worlds first untraceable online electronic currency".

[Anonymous No.18737515]

>>18734898
Few grand <10.000 long term = ETF Nasdaq/ QQQ
Few grand <50.000 long term = real estate downpayment for 20%

[Anonymous No.18737584]

>>18737509
>pnk
>ubt
>hex

Are 30x-80x since December not moons lmao.

[Anonymous No.18737743]

>>18737390
>>18737584
You can also just go to a casino and invest an equal amount on each number of a roulette. One of them is sure to moon, and you'll be a loser overall. Just like with your shitcoins.

[Anonymous No.18738030]

>>18737475
how does a lowly retard like me just "invest in business ventures"?

[Anonymous No.18738148]

>>18734898
>just buy VGT every month on robinhood and after 30yrs+ retire with a couple million
>sell and buy VYM if you want to be super low risk after
or
>realize that time (youth) is the most valuable thing
>buy as much LINK as possible
>possibly retire with a couple million in <10yrs
LINK $1000+ EOD

[Anonymous No.18738186]

>>18736947
peak normie

[Anonymous No.18738345]

>buy low
>sell high
how hard is it to understand op?

[Anonymous No.18738415]

"A few grand" isn't shit. Put it in FDIC insured products until you have real money.

[Anonymous No.18738430]

>>18737584
pnk is like 2x from december and still almost 40% down from its ath what the fuck are you smoking

[Anonymous No.18738555]

>>18738030
Approach a company on LinkedIn?
There are crowdfunding platforms like Republic that allow you to invest in startups
Angel List is another place to look

[Anonymous No.18738773]

>>18735811
fucking retard, the economy and stockmarket is going to take a dive like the big depression. Now is not the time to buy long term stock. Don't take advice from this retarded board with only crypto and other faggots that gamble with some pocketchange.

[Anonymous No.18738799]

>>18738773
>Now is not the time to buy long term stock.
Didn't you get the memo? Bullrun forever.

[Anonymous No.18738836]

>>18738799
This is exactly what happened before the great depression. Zero interest and massive QE. System is going to reset / redivided buddy.

[Anonymous No.18738880]

>>18738415
or just spend it, who cares it's a few grand. And you want to make it by working like a wagecuck.

[Anonymous No.18739145]

Maybe I belong here
>Was holding bonds in my 401 for the past half year.
>Didn't perfectly buy the dip
>Moved back to bonds this afternoon as earning are around the corner and my work (B2B) is losing their ever loving shit since all their clients have slashed budgets.
It's going to get ugly next quarter. No brrrrr machine can fix that.

[Anonymous No.18739367]

>>18734898
You'll get 100% return on money you don't blow on some stupid degree. Drop out and make money fucking reddit fag

[Anonymous No.18739404]

>>18734979
Coronachan is the straw that broke the camel's back, most of the incoming economic devastation stems from central bank policies that started in 2008 (you can easily argue it started before that)
Just look at how much stocks have gone up compared to profits, not earnings per share, that metric has been artificially lowered by companies using debt for stock buybacks, all of this was before coronachan
Sit tight on cash/PM's/sovereign debt and TIPS, or choose how hard you want to gamble with options/shorts and leverage

[Anonymous No.18739573]

>>18735426
You can try investing in big companies that had a price drop just because everything else did during corona. You can go for Microsoft, Visa or basically any giant if you can still buy in cheaply