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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20661310 No.20661310 [Reply] [Original]

How do i start investing if i only have 350$ in total? If i buy penny stocks for literal pennies, there's nowhere to go but up right? Could i theoretically get super rich off of a stock that only costs like a dollar each in some shitcoin and dump before the pump ends?

>> No.20661532
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20661532

>>20661310

Buy the GDXJ or the SILJ and simply hold them. It's that simple. Both up 170% off the March lows, both going at least 1000% higher in a PM bull market on the basis of historical precedent; and we are definitely going into a PM bull market now.

>> No.20661551

>>20661310
Buy brand new shitcoins and hope you get lucky or buy RSR and wait a couple months.

>> No.20661567

>>20661310
what the fuck did I just read?

>> No.20661928

>>20661532
These stocks are mooning already. There's no way for them to moon more.

>> No.20662314
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20662314

>>20661310
Yes sir. Have you considered buying Money Tree Coins? It's basically digital tree's that grow gold. Dev just made an announcement in the chat. It's going to the moon. You can buy them on Uniswap, sir.

Why don't you want to own digital tree's that grow gold? Do you really hate money that much, mister?

>> No.20662427

>>20661310
How does 350000 big macs sound?

>> No.20662603
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20662603

>>20661928

GDXJ already has to go 3x to reach what it was when gold was $1900 in 2011, then gold itself is going 3x to reach its nominal $1900 high in real terms (see the Dow-Gold ratio). Bull markets also tend to overshoot to the upside, hence the GDXJ has 10x potential. Mining stocks are the most undervalued assets in the world.

>> No.20662639

Buy RSR when it goes to .005 should take maybe 2 weeks it's breaking down right now. Easy 4x

>> No.20662672

>>20662603
Oh shit, you're right. But they mooned after the 08 recession, and our recession has yet to hit full swing.

>> No.20662789
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20662789

>>20662672

This recession is worse than any other in recent history. In fact, it ought to be called the Greater Depression. The system is completely doomed. I explained this to people in a post which I made here in May (see screenshot). Essentially, the governments of the world are caught in a debt-trap in which there are only two dichotomies available to them: default, or hyperinflate. It's all explained in this thread, which you may find interesting: https://i.warosu.org/biz/thread/19669109.. I also strongly recommend watching this interview: https://www.youtube.com/watch?v=XliHE6QgljY