you can say ass you arent on tiktok anymore
i doubt i'll get back into gambling
I dont know a lot about trading, I only know that someone close to me lost 10k Euros due to trading. Start trading but even to a non educated person, its irrational to invest 50% of ur money at ur first try.
Yeah that’s usually right, but I’m not doing anything with my money and I’d rather it sit in an investment basically guaranteed to make money than in my checking account making nothing
My bad, i thought u were talking about smth like day trading but yeah investing in etfs or gold and silber, which will mostly always get higher, is better than to leave it in the bank
Download reading 212. Get a ready made long term pie, I have one from black rock. Put it all in and LEAVE IT. In the meantime read the book “the psychology of money” and you will understand it. Do this and you will be sorted
Trading 212 *
i already downloaded robinhood
lmao you already wasted hella time if you're 18 cause of the compound. I don't really recommend investing in indexes because ur still pretty young and can be riskier. Investments won't do anything if you only invest little ass money like $500, you should be putting in decent money ~2 weeks. Imo try researching companies benefiting from the Oil and Natural resources that the US will get
Doesn’t particularly matter what platform. I just prefer trading 212. In the UK we have something called an ISA account which lets you invest tax free. So I suggest you look for the American equivalent. Robinhood I imagine will have the same set up as trading 212 so you can do the same thing. Find a ready made pie (a pie is made up of multiple stocks, shares, ETFs etc) and invest in it and hold forever. Get the book I mentioned and it will explain all
Also invest sensibly. Make sure you have an emergency fund available. NEVER empty out of your FI (financial independence)
It wouldn’t be the only time I invest tho
putting 1k into the s&p 500 will on average make you $100 over a year, there are dividends that pay more than that. if you wanna make more than a 10% yield, and are interested in investing you need to commit a lot of time and patience into learning how the market works.
I was just thinking of starting with $500 and then after I get a job I’ll add more
putting all his money into an index fund tracking the top 500 US companies is the smartest thing he can do
Very good decision to start as early as possible, putting aside as much money and not spending like a retard should be your goal. Look into a lot of ETFs and Index funds. BTW pick up some silver futures and thank me in a year.
My uncle was telling me about how he doubled his money since August in silver
some people say silver might land between $130-300 so
also pick up a credit card and start paying it off in full every month, building credit as early as possible will help you a lot, you seem smart enough to not be a retard with it but do your research anyways.
I was literally talking to my dad abt credit cards like 5 minutes agosome people say silver might land between $130-300 so
You can get a discover card for having a pulse, it absolutely blows if you miss a payment because your interest rate will be like 25%; However you shouldn't miss a payment because your credit limit will only be a couple hundred MAX. IMO You should get that until you have a credit score (takes 6 months to get one), then apply for a better card with more benefits and a lower APR. Don't cancel it though, just spent like $5 on it here and there until you can increase your line of credit on the better card so you avoid lowering it through cancellation.
Open a robinhood and put aside 20-40% of ur paycheck whatever u can afford into a split of (40%SPX, 30%QQQ, and 30% into individuals) dont get into crypto and open a roth while ur at it. Keep it simple low risk and effective, use compound interest to ur advantage while ur young. Mark as solution if i helped.
P.S if ur talking about investing dont think dumping $500 into something will make u money, steadily invest income/money diversified into ETF's and smart picks.
Indeed
I just applied for the Discover it® Student Cash Back Credit Card and I got approved
what a shit card
How’s it bad??
Should have went with chase my friend
1. why should I have gone with chase
gambling is like very short-term investing
gambling is like very short-term investing
try only fans op
It is a shit card (High APR, low benefits), but so is every starter card. Considering you have no credit your options are limited, just pay it off on time and in full and you will not have to worry about any of the downsides. This should only be a temporary card to get your foot in the door not a long term card, you'll be 600+ by the time you get your first score, which is good enough to apply for a better card if need be.
for reference i started with a discover less than a year ago and that built my score to a good enough point where i got approved for aaa travel advantage which is probably the ideal card for spending on gas.
Bro 11 years in red? Genuinely what were you investing in? The SnP has an average return of 8% a year. If you’re ‘11 years in the red’ you must’ve been investing in some dumbass startup
The reckoning you speak of already happened a few months ago, when every market in the world was in knots after trump announced all the tariffs, when it comes to investing and where to put your money, as the guy who made the post was asking, it makes the most sense to put it into the SnP. Especially if he’s looking for a long term investment, and either way, if there is a big enough crash, the best way to look at it is as a buying opportunity
LONG term it’s gonna be the best option for this guy to buy into the S&P ESPECIALLY because of the fact he’s only 18, if he starts consistently putting money into the index now, while he’s young, a big crash such as the 2000 or 2008 crash won’t matter as he’s gonna have another 40 years of life to invest in. If you were to go about every day with such a pessimistic mindset such as yours, always preparing for the worst, you’ll never make progress in anything. IF the market does crash, yea he’ll be in the red for a few years, BUT this is a long term investment, you’re supposed to be prepared to cope with the drawdown
