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/biz/ - Business & Finance

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201191 No.201191 [Reply] [Original]

>tfw poor
>read all these stories of people turning $5k-$10K and turning it to over $100k within a year
>know a guy who claimed (he's a bit of a bullshitter) to do this after the 2008 crash too
but how do I do this? I have exactly $5k in the bank, how can I make lots of money without losing the only money I have saved up?

>> No.201205

>>201191
you should definitely buy alt coins
don't forget to short PARN

>> No.201201

>without losing the only money I have saved up

Well that's the rub, now isn't it? If you want high returns like that you have to take the risk that it'll go poof.

>> No.201253

>>201191
The less you spend, the more you save and can have a cushion to take risks on.

>> No.201260

>>201201
ok, what if I can take the risks. what should I do to learn?

>>201205
>cryptocurrencies
too much of a pump and dump.

>PRAN
PRAN has been going up since /biz/ was created, anyone who has shorted PRAN has lost money m8

>> No.201274

If you put your $5000 into PLUG, you would have as of today realized a profit of 565%

That's $2,825,000

>> No.201280
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201280

>>201274

>If you put that money in on Jan 1

Profit is YTD

>> No.201290

Buy dogecoins
Short PRAN

>> No.201453

>>201274
>>201280
too late for that
>tfw missed the train

>>201290
see >>201260

>> No.201567

Invest in gold and silver.

>> No.201569

> do this after the 2008 crash

i wish i could relive 2008

them fucking returns

>> No.201605

>>201191

>but how do I do this?

leverage

try with crazy shit like 1:500, if you have the balls

>> No.201766
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201766

>mfw dumped $35,000 into PLUG when it was at $3 per share

>> No.201789

>>201605
where can I get that kind of leverage, apart from forex?

>>201766
>tfw you don't have $35k to just drop on a penny stock

>> No.204438

p-plz respond

should I just open up a brokerage account?

>tfw to transfer funds need to pay wire costs
>$50 transaction fee, there goes 1% of my money to just set up a trading account

>> No.204563

I'd also like to know. I'm in the same position as OP. Lol.

>> No.204640

>>201274
wait what? am I missing something? how would you have that much?

>> No.204657

>>204640
I think he multiplied 5000 by 565, instead of 565%