Investing for my sister

[Anonymous No.54888474]

This ain't my board and I don't know shit about money or investing, but I beseech my fellow anons for some advice... Sorry for the tl;dr, but please r anyway.

I'm in my late 30's and I have a little sister who just turned 20. Really, she's more like a daughter to me. Most precious thing in my life. We're poor as shit and I work night shift doing back breaking labor for barely more than minimum wage. It's the only job I could find around here, but it pays the bills and keeps a roof over our heads. She's legitimately a really good kid, not at all like the rest of today's "youth", and I don't want [this] to be her future... I want to break the cycle for her.

I want to take maybe one or two hundred bucks (or as much as I can) out of my bi-weekly check and put it into some kind of savings account or ... SOMEthing, but like I said, I don't know jack shit about this stuff. I plan to give it to her somewhere around her 25th birthday, and I don't want her to know about it until then. I don't know how much I can save in that time, but I hope it'll be something at least, and I'm going to try and impart some better fiscal responsibility in that time so she doesn't blow it all on video games and Dr. Pepper...

Any advice?
Hope it goes without saying, but it needs to be a solid enough thing to actually still be there when the time comes.

[Anonymous No.54888502]

>>54888474
I'm about the samge age as you and I was looking for a long term investment for when they all turned 18 when I found radiant. Pick your poison: btc, eth, bnb, arb, usdt and some others. Loan out half and stake the other half yearly. Check in when you deposit to redelegate rewards into the other pile. Compound interest is amazing. Very little risk.

https://app.radiant.capital/#/

[Anonymous No.54888511]

>>54888502
for my nephews and nieces*

[Anonymous No.54888541]

What you need is a better job bro. Become an apprentice tradie or get better education, it is never too late.

[Anonymous No.54888583]

>>54888502
>>54888511
I know zero about crypto, but I'll check it out.

>>54888541
They're going to make me a manager soon, so that's a bit of a bump... I'm in bumfuck nowhere ghettosville though but our car is about to fall apart and thankfully the place is (the only place) in walking distance. Realistically speaking, this is as good as it's going to get for me, but it doesn't have to be that way for her.

[Anonymous No.54888613]

>>54888474
don't ask /biz/ for investment advice

dca into an index fund(s), some well diversified international equities index/indexes, and maybe bitcoin and/or ethereum as a small crypto hedge

don't expect returns in five years, the macro situation is an unfolding shitshow

or just throw it one of those new-fangled apple savings accounts idk

[Anonymous No.54888678]

...wait a minute.
>>54888474
>(ID: JpmuZm8k)
>JpmuZm8k
>Just
>put
>money
>under
>Ze
>mattress
and I'll have
>8k
???

thanks magic 4ball

[Anonymous No.54888699]

>>54888613
Yeah, I ..don't know what any of those words mean.

[Anonymous No.54888805]

>>54888583
It's really easy, I'm pretty new to crypto myself. Just use a trust wallet, it's a bit pricey to buy off but you won't get much better from exchanges and you'll get a transfer fee if you do. Or maybe thats just me because the AUD conversion fucks me.

Just open the website through the trust wallet and connect your wallet. It will cost a couple of dollars to activate the smart contracts but once you do everything on the website just works. Use the dashboard to see income from deposits and the manage button will show you your locked fund rewards.

I recommend doing BNB if you use the binance chain and ETH if you use the arbitrum chain. That way you have the currency required for fees when depositing. ETH on arbitrum must be sent through arbitrum networks, so if you're worried about transferring stuff between wallets, stick to BNB.

Since you're new I recommend putting some of your investment aside into BTC and holding it in a cold wallet just in case anything happens.

Be careful where you store passwords, if you lose them, you lose everything. If it gets hacked or stolen, you also lose everything. But it's yours and only you can be the one to lose it.

[Anonymous No.54888950]

>>54888474
I'll give you some advice but you'll have to post a pic of your sister first. I don't help ugly people, sorry.

[Anonymous No.54888987]

>>54888805
Guess I'm gonna have to do some research, you might as well be speaking Mandarin...
>Be careful where you store passwords, if you lose them, you lose everything. If it gets hacked or stolen, you also lose everything. But it's yours and only you can be the one to lose it.
All my passwords are long alphanumeric passphrases memorable to me, which I store in a KeePassXC database behind a long alphanumeric passphrase burned onto a LUKS-encrypted DVD with a different long alphanumeric passphrase disguised into a stack of old junk discs.
Probably a bit overkill, but, you know... quantum computers and AI scare me.

>>54888950
My loss then I guess, but yes she is very cute.

[Anonymous No.54889023]

>>54888474
Have you tried having sex with her?

[Anonymous No.54889052]

>>54888502
Scam of the week.
>>54888699
Unless you feel like spending the next six months losing money and learning new words and scam techniques I suggest you keep waging and ignore investments.

[Anonymous No.54889057]

>>54888613
This is about the smartest thing you’ll see in this thread. Not saying to stay away from crypto entirely, but just very small bits of basics like BTC and ETH here and there. But for the most part stick with the index funds since it’s something you don’t plan on her having to get into for a long time. VOO is a good start, and couldn’t hurt to place a small amount into stuff that never moves (QYLD, RYLD, etc.), but generate a monthly yield you can use to put into Vanguard ETFs. Maybe at some point she’ll get wise to it all and take the reigns for herself.

Also, try and steer her into a direction that has her being more financially sound. She’s in her early 20s, so she’s got all the time in the world to build good saving/spending habits.

[Anonymous No.54889061]

>>54888474
If you dont know jackshit and dont want to risk much then dont listen to any fucks in here shilling you their shitcoin, the only coins you may buy are eth and btc, research yourself on how to buy them, i would mix it with an index fund investment so look for a brokerage to use and where you can set up a weekly etf savings plan

[Anonymous No.54889096]

>>54888474
i relate to your situation. now but espers on yobit

[Anonymous No.54889129]

>>54888474
Safe normie tier: low fee broad stock index like VTSAX from Vanguard. Don’t even touch bonds or money market funds. Just S&P500 or similarly diversified stock index. Just one, don’t be fancy, that’s all you fuckin need

Based tier: buy BTC and ETH 50:50. Don’t do anything with it, don’t stake, don’t lend, just keep it safe (figure out how to self custody- don’t leave coins on exchanges. They will all fuck you eventually)

Biz tier- buy any assortment of flavor of the week meme tokens and lose everything

[Anonymous No.54889181]

>>54888678
meds

[Anonymous No.54889199]

>>54888987
>but yes she is very cute
can you tell whats cute about her onii chan, im thinking of her tonight hehe

[Anonymous No.54889206]

index fund anon is correct. whatever you do, don't buy link

[Anonymous No.54889271]

>>54888474

I will help you anon because we’re all in this together.

Look into Tidecoin anon.

[Anonymous No.54889310]

>>54889271
nice just bought 100k

[Anonymous No.54889478]

>>54889199
ngl i'm a liiiiiittle drunk right now so i'll tell you
shit i haven't drank in like 6 months lol
she's short and tiny it's fun to make fun of her for it
she's beautiful without makeup, never wears it
her long straight brown hair smells like pert shampoo and the scent sticks to me for hours from the hug she gives meb efore i go to work and every time i smell it it reminds me why i do it all
kind of a tomboy, doesn't care about girly crap, just walks around all day in pajamas
hardly ever wears a bra, sports one if anything
sometimes i catch a glimpse of her boobs through the sleeveless shirts she likes to wear, not gonna lie they're fucking maginifecent
she loves pokemon and drawing,s he draws very good cute things
god i love her so much

[Anonymous No.54889521]

>>54889478
Breed her

[Anonymous No.54889528]

>>54888474
>>54889478
All I got from this is that OP wants to fuck his sister.

Listen, OP, if you want to invest it's really easy.
You open an E-Trade account and just buy Vanguard S&P 500 ETF (ticker: VOO) every month.
You just do that for 30 years and don't look at it and then you retire.

[Anonymous No.54889549]

>>54889528
this guy gets it
thanks bruh

[Anonymous No.54889595]

>>54888502
Scam, don't listen to this anon
>>54888613
This
>>54888805
Scam
>>54889528
This

[Anonymous No.54889618]

>>54888474
I would recommend a "safe" portfolio since you said you don't want to gamble - of course, what is safe? If you're not in the US, a bank account isn't that safe. You can store physical cash, though, depending on your currency is, that has a significant risk of being inflated away to nearly nothing.
In terms of stocks, people recommend the S&P500, though that does carry a significant risk nowadays. If you have $100 per month to work with, it might not be the best investment, the reason being that the S&P500 is mostly a retirement account, and people are retiring en masse now, thus causing them to try and sell those shares, which can make the price plummet by a lot. For someone to sell for a trillion, someone also has to be able to buy it for a trillion, and millennials don't have a trillion in cash (just illustratively).
In terms of crypto, your safest best is BTC, which might not do those extreme returns of shitcoins, but those returns are fake anyway, and 99.99% of them will go to 0 - you might as well burn the money. You can also buy physical gold, though an ounce costs $2K, and with such small amounts, you'll lose a relatively huge amount to the premiums sellers charge.

[Anonymous No.54889621]

>>54888583
Don't invest into any of those dubious shitcoin platforms. I learned that the hard way, and with money I could afford to lose.

[Anonymous No.54889628]

>>54889478
cheers anon, you already made it. do what >>54889528
says

[Anonymous No.54889636]

>>54889618
I'm kinda just shit outta luck aren;t i

[Anonymous No.54889703]

>>54889628
Yeah im eah she's great luckiest man in the world but little bird gonna leave the nest one day you know?i want her to have a little you know


egg
in that nest
little nest egg fuck me what have I been saying
I don't want her to be a poor fucking loser like her older oniichan brother I mean jesus I can only buy so many pizzas

[Anonymous No.54889736]

>>54889636
I wouldn't put it like that. Every investment has a risk and a return. If something has a higher return, it's by necessity more risky (since otherwise, people would have already piled into it and raised the price to the "fair" level). The converse isn't necessarily true: nothing has a good return BECAUSE it is risky. There are plenty of poor investments, like outright scams, that are insanely risky and have a very poor return. There is an "efficiency" frontier at which you get the "most bang for your buck" of investments that have the best risk-reward ratio. Currently, risk and return are very much mispriced in the market in general, which, however, also opens an opportunity, since you can buy certain things for less than their "fair" value. One of these, and this is my opinion, is BTC, because people want to flee fiat currencies, but, by and large, haven't gone over to BTC yet. That doesn't mean that BTC will replace all currencies, just that people don't recognize it as a reserve asset (like cash in a treasury). It won't do some insane move like x100 in 6 months, but it well might do x10 in 3 years, which is a ~300% gain per year.
What you really have to avoid is losing all of the money for which you sweat and toil, which does happen if you allow yourself to be lured by completely unrealistic promises made by both shitcoin shills and shills for "legitimate" defi platforms and tokens that nobody has ever heard of.

[Anonymous No.54889765]

>>54889478
Have you considered an OnlyFans for her?

[Anonymous No.54889769]

>>54889765
fuck you

[Anonymous No.54889775]

>>54889736
If you want something more risky, you can also buy XMR, since I'm seeing that the BTC network is clogged up again. It won't necessarily appreciate more than BTC, the superior return is that it's less liable to collapse under some black swan event (I'm saying "black swan" because people don't expect it because "it can't possibly happen", not because it's actually so unlikely that it can't possibly happen - people don't know what's actually likely, they just express personal incredulity) like those BTC ordinals are seeming to do right now. XMR is more like cash, in that it's anonymous and can be spent easily anywhere, and can't be inflated to oblivion at a button press.
>>54889769
You know how people are, anon, especially about women. I think you're a good brother for wanting to take care of your little sister.

[Anonymous No.54889776]

Give her to me in marriage sirs, I am from mumbai and give many goat and chainlinks sir!!! It is going to moon we will be crorepatis sir!!!

[Anonymous No.54889790]

>>54889769
By your own admission she has magnificent boobs, surely she can maximise returns from all the thirsty simps out there?

[Anonymous No.54889827]

>>54889775
>I think you're a good brother for wanting to take care of your little sister.
t-thank you...

>>54889790
DON'T TAKL ABOUT MY SISTERS BOOBS

[Anonymous No.54889844]

Stop drinking stop doing a retarded job and invest 1k/month into a vanguard account
or simply kys

[Anonymous No.54889909]

Guys I'm late. Did OP post his sister's sweet tiddies yet?

[Anonymous No.54889946]

>>54888474
I wouldn't wory to much about her. She's gonna screw you out of inheritance anyway when the time is right.

[Anonymous No.54890284]

>>54888474
Have sex with your sister.

[Anonymous No.54890407]

save for a couple of months and then start an account in some stocks or some shit, and buy some known stocks. Just get dividends and keep buying other stocks for her. Eventually it'll be something, and even if it goes down hopefully the dividends will be enough to cover the losses. Regardless, whatever happens, if they go up or down, you'll still would've avoided the fate of the "dr.pepper n games".

That's one idea. The other just maybe buying gold for her and storing it. My issue with this is that gold can be stolen, so i'm not sure if that's good. That, as well as you'll constantly have eyes on you. Maybe keeping gold in your home is dangerous where you live. However yes, buying gold is probably even better than stocks as it retains its value, even if you hear bullshit like gold and silver will lose their value.

Ultimately friend, some people will tell you to send your sister another place to live better. Which if for example you're living in Brazil or Iraq or something, and you send someone to live abroad in the US/EU, your sister will live better, but she'll just become a silly whore. It'll be better for you if she starved instead of becoming a 'modern-day "woman"'. So just think about it, Try to make it better for her, but maybe don't lose sight of your goal, think what you really want and what each step gets you and takes away from you.
anyways sorry for writing a bunch of shit, but I hope you and her live happily and comfy

[Anonymous No.54890494]

>>54888583
you can "invest" for your sister by selling her to me as my sex slave wife.
I can even pay you 10k extra for your efforts, peasant.

[Anonymous No.54890705]

>>54888805
Yo, I hear you on Trust Wallet, but let me put you on to RAILWAY wallet. That sh*t let me shield any ERC-20 or NFT in to a 0zk address of my choice, don't be a noob, Pajeet.

[Anonymous No.54890947]

Kinda passed out there. Jesus christ... Every time I drink reminds just me why I don't anymore. Please ignore any posts between >>54888987 and this one.
>>54890407
>instead of becoming a 'modern-day "woman"
Yeah, I live in the US and that was my biggest fear with her growing up. I'm extremely happy to say that's pretty far from being the case. So far, anyway. I do what I can. Thanks for the input.

[Anonymous No.54891044]

every investment has massive downside risks at this point. except one, and that is investing in her skill set

find something she's passionate about, be it dancing, singing, psychic mediumship, learning an instrument, knitting, fitness, etc and support her in it.

[Anonymous No.54891072]

>>54891044
this is the first piece of genuine advice i've seen on this board, you should be grateful OP
Passion aside though you should try to get her to take a course on basic personal finance, like at a tech or something, people really don't listen to family members regarding this stuff and can't really into self study unless they are really motivated.

[Anonymous No.54891239]

How long have you been banging your sisterwife?

[Anonymous No.54891484]

>>54890947
>>54891044
She's actually a pretty good artist, I've floated the idea of doing commissions or something several times but she doesn't seem too motivated about it.

[Anonymous No.54891492]

er
>>54891484
Meant for:
>>54891044
>>54891072

[Anonymous No.54891679]

>>54891072
>this is the first piece of genuine advice i've seen on this board, you should be grateful OP

[Anonymous No.54893174]

>>54888474
anon buy physical gold and silver, this is not a joke and it is your best bet to conserve wealth through the upcoming catastrophe, crypto and stocks and other investment types are great for making moeny but you have to be actively trading, if you want to buy and stack for the future just get physical gold and silver

[Anonymous No.54893867]

>>54888474

You want to save up enough cash so that you can live for three months without work. Having that security blanket is important for protecting both you and her from potential disaster.

After that, divide up your savings into percentages. Decide on a percentage for 1.
her (or your) education (ideally profitable skills).
2. Snp500 / a wide range of stocks.
3. 10-15% into bitcoin or Ethereum. Don't fuck around with other coins unless you know what you're doing, you'll just get scammed.
4. 5% physical gold / silver. Buy the coins, get them delivered to you, hold them in your hand, then hide under the bed. This is very inefficient at your income level, but is just a super-emergency backup. Don't hold precious metals if it's likely to get stolen / you live in a high crime area.

Honestly anon, the biggest barrier to her future is your own current level of learning. You NEED to be reading 10 pages a day. Look up books that will teach you useful shit, you can get all books free from the /lit/ sticky. If you can manage 10 pages a day, it will change your life and hers far more than any financial decision you make today.