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/biz/ - Business & Finance

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18787767 No.18787767 [Reply] [Original]

Any Tips for how to invest my 1200$. I have no idea and I'd like some passive income.

>> No.18787844

Nothing? I guess I'll just use it for a deposit for rent so I can move out.
Board gets an F-

>> No.18787978

inb4 the linkniggers spread their cancer in this thread

>> No.18788214
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18788214

>>18787767
https://staking.lition.io

>> No.18788224

>>18787767
all in MRO

>> No.18788240

>>18787767
passive income? from $1200?

>> No.18788257

>>18787767
>1200$.
>passive income

you can get a few bucks a few times a year if you go into a dividend stock...

>> No.18788630

>>18787767
I could hook you up with passive income on the money if I knew you irl and knew your risk preferences. You're probably not going to find an anonymous someone that is going to set an equally anonymous stranger up for free though. So take the $1200 and either listen to one of the inevitable shills hawking a coin/penny stock and take a chance on them or spend the $1200 on yourself.

>> No.18788633

>>18787767
https://join.robinhood.com/waynem230
If you sign up we both get a free stock. All you have to do is buy FRO, MRO, NAT and you will get an increase forsure.

>> No.18788686

>>18787767
Buy a HP of weed and start plugging that shit, stupid honky

>> No.18788698
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18788698

>>18787844
This isn’t /b you fucking gape. You leaving is addition by subtraction, your suicide would also be that.

>> No.18788705
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18788705

>>18787767
My dude dont cash in your money straight into the slot machine.
Thats your "stock up on food and please dont loot" money you dingus.

>> No.18788713

>>18787767
UAVS. great stock.

>> No.18788727

>>18788633
Don’t do this lmao

>> No.18788759

>>18788727
Okay dude Oil and tankers are only going up

>> No.18788799

You're going to get maybe 5-10% yearly by investing it safely. That's $60-120, not really worth worrying or thinking too deeply about. Figure out how to get more cash to invest instead.

>> No.18788860
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18788860

>>18787767
Anon, listen to me.

I started with investing in 2016, with the EXACT same amount of money. $1200 inheritance that I was fortunate to receive from a deceased family member.

I spread out that $1200 into 6 very strong cryptocurrency projects. I believe (at the time, don't copy this please) they were XVG, RDD, IOTA, KIN, BCN, and SNT.

Pic related is my portfolio after the bull run of 2017 had finished, and right before I had sold a significant portion off of my winnings (you can see in the pic that I took out $4k at the time of the screenshot, ended up taking out way more I believe).

YOU CAN DO THIS TOO. Just make sure you buy coins that you really feel strongly about, and worry mostly about marketcap, not price. With the money I made from doing this I bought a property and currently live for free by collecting rent payments.

Remember to diversify and spread your risk out among projects that you believe can go well. Some may not do well (I lost almost all of what I put into RDD). THAT IS OKAY. 1 out of every 6 coins will moon, NEVER SELL AT A LOSS.

Also I'll spoon-feed you one project, LIT. Best coin with a low marketcap right now.

Good luck and godspeed.

>t. anon with $180k house and $22k in crypto right now

>> No.18788879

>>18787767
Biy HAL and GUSH.

>> No.18789085

>>18788860
what are your top 5 coins right now?

>> No.18789709

>>18789085
LIT, XMR, BTC (because I actually have enough for BTC to matter for me now), KNC, NEXO, and a bunch of random moonshots.

>> No.18789977

>>18787767
Don't invest in crypto, buy options on a stock/commodity

>> No.18790052

>>18789709
Why not ETH? I'm planning to buy in BTC and ETH a little bit after the halving...or should I buy in now?

>> No.18790062

>>18789977
checked, do this OP

>> No.18790198

>>18789709
Where do I even trade these? Robinhood only has like 7 coins to trade

>> No.18790308

Sell your ass and pus for more money.
Buy bitcoin

>> No.18790815

>>18789709
What are your thoughts about ETH?

>> No.18790841

All in on Lean Hogs, the meat plants are ordered to stay open by trump himself

>> No.18791819

>>18787767
I threw mine into SUTER and make passive income from it, over a dollar a day desu

>> No.18791838

>>18787767
>passive income

Lmao, why don't you buy some chewing gum for that money instead?

>> No.18792429
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18792429

>>18787767
This or buy gold. Gold has stood the test of time.

>> No.18792445

>>18788713
This but unironically

>> No.18792522

>>18787767
ETH

>> No.18792785

I would personally let it grow in an Index ETF OP.

>> No.18793256

>>18788860
Bassed

>> No.18793369
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18793369

>>18787767
OP... if you want guaranteed money you need to put it all into airline stocks.

most airline stock is at a 50% discount. yeah, it might go down some more but eventually these companies will recover and your $1200 will be worth double that. I'd say it'll take about a year but $1,200 isnt shit.

you start actually making money when you invest 50k or more. if you want 1000% gains, you have a better chance of going to the casino than getting good advice here. there are entire teams of 140IQ Chads with Harvard Master's degrees spending 60 hours a week trying to make 10% on their money.

>> No.18793389

>>18787767
buy Bitcoin

>> No.18793430
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18793430

this is 4chan:
1. pay of credit card debt
2. buy $10k of gold
3. buy $150k of bitcoin
4. buy 100 shares of tesla
5. then chaturbate.com

it’s no mystery

>> No.18793463

>>18787767
HEX

>> No.18794605

>>18788860
>180k house
Do you live in the ghetto?

>> No.18794624

>>18790815
>>18790052
Eth is my sixth highest bag, great project


>>18790198
Get off Robinhood my man. Use coinmarketcap to find exchanges (market pairs under the coin you want) and LEARN MORE! You got way more research to do before you so anything else, always make sure to pull your coins off exchanges before using them.

>> No.18794646

>>18794605
Nope live in upstate NY, my city was ranked in the top 10 best places to buy real estate for 5 years in a row. 5 bedroom SF in the suburbs, 2 miles from 2 major schools. Gold mine :)

>> No.18795227

>>18787767
anon i'm in the same boat and i'm instead thinking of using that money to cut down on expenses. Thinking of taking $600 of those trump bux and donating it to the calyx institute. then taking the hotspot they offer members (with 1 yr of service) to replace my $80 a month internet.

>> No.18795373

>>18787767
having that little to invest is an indication that you don't need investment advice, you need income advice.
don't buy shitcoins, dont buy stocks you think will moon, literally put that 1200 in an account and do nothing with it.
when the time comes, you may need some money to invest in an income stream, be it professional looking clothes or products to sell, that's when you touch the money.

>> No.18795703

>>18787767
Passive income is a meme for boomers and braindead call centre workers