I've recently become rather wealthy, but have no knowledge of investment techniques. What types of stuff should I invest in, /biz/?
I've been told that rental property (houses, apartments, retail properties, etc) are te best investments. What would the expected ROI be for a propety like that, and how would it compare to the stock market? Is investing in businesses a good idea? Would I make more or less than investing in property?
Basically, I want to know what kind of investment will make me the most money as fast as possible. Nothing else really matters, other than the investment being stable enough that I won't have an uncomfortably high chance of losing it all.
My budget has a rather high upper limit, so feel free to include investments with high costs of entry (maybe a skyscraper? What would the ROI on that be?).
>>1222403
First figure out if you want to spend the time and effort to learn about managing your own finances. If not, your best ROI would be to hire a money manager to handle your money for you.
Otherwise, real estate.
>>1222406
I realize that learning how to invest takes a lot of time and effort, and I'm willing to put in the work to do it.
I'd rather handle the investing myself, both because I'd rather not pay for a middleman to manage my funds and because I'm a paranoid fuck who wouldn't trust any third party to even know the contents of my investment portfolio, much less actually be in charge of allocating the investments.
Again, my only goal is to maimize my ROI. That's it. My goal is to have the largest bank account possible at the end of my life.
I know people are going to say "money can't buy happiess!" and all that, but I'm hyper competitive and just don't see any other goal in life but sitting on the largest pile of cash I can build up. Think of me what you will, but that's my motivation. So my only question is what has the greatest ROI.
>>1222419
>Again, my only goal is to maimize my ROI.
OK. Then the first lesson you should learn is: Don't lose money. (This is Rule #1 or Warren Buffett's rules on making money. Rule #2 is: See Rule #1.) As tautological as this seems, if you understand why it's important, you'll likely have a better chance of making good returns in the future.
Being that you yourself claim that you know nothing, you'd best avoid any investments that make money as fast as possible because those are likely scams or perhaps greater risk than you can tolerate.
In this environment, I'd recommend you put your investable assets into the Harry Browne's Permanent Portfolio. Browne has written a few books about it so you can either check them out from the library or buy them from Amazon.
The money in the PP won't grow super fast but it should give you good returns while you become more clueful about how to make money.
Tell me again how your 4-year STEM degree with massive debts and waste of time at university is going.
>>1226391
Hey anon, tell me how to do x
Where did you graduate again
I called the admissions office and they say they have no record of you ever attending
>>1226391
If real. Good job. I say do whatever it takes to get ahead.
What's the job and salary though m8?
enjoy fraud charges
i lie on my cv too but only about things they cant really find out
> Do you guys have a LinkedIn?
> Are they useful?
> Anyone want to Network & Endorse each other?
Self bump
>>1225387
LinkedIn is shit.
ITT: careers you should forget about unless you're a top student at an Ivy League school
I'll start
>investment banker
>>1225028
Corporate lawyer
>>1225028
CFA charterholder
>>1225028
African Warlord
This kid made $300,000 with penny stocks.
https://www.youtube.com/watch?v=9DrmkRGQSsY
>>1224892
probably more likely that this kid made 300,000 off chumps who believe he made 300,000 in penny stocks
>>1224892
Correction, he probably sold a book or ran a Patreon "teaching" idiots how to trade with penny stocks.
I don't give a fuck if someone maid 100 million from penny stocks. I'm not touching them
What are your honest opinions on this guy?
Who?
HERE IN MY
>>1224186
DESIGNATED
Is it bad to quit a job every month or two if you hate it? I mean is it bad to always search for a better opportunity if you think youre mistreated at the work place?
Nah dude fuck em
>is it bad to always search for a better opportunity
Lol its never wrong to look for a better opportunity in anything
you search for the opportunity while your working and leave when you find something.
Admit it. This book is shit. I got 50 pages in before I realized that you have to be one desperate son of a bitch to think that this book offers any real, legitimate advice that makes sense in reality. I've got to hand it to Kiyosaki, though. That fucker is a good salesman.
>>1223920
How is it bad? It's as simple as buyig capital that will make you more money. It's that fucking simple.
>>1223923
Congratulations, you summarised something in a single sentence what Kiyosaki couldn't do in an entire book. Most of it is fictitious, anecdotal garbage
>>1223927
this
he also makes one insightful point:
"the poor are so stupid because they don't just invest $500k and let their money work for them but instead they work for money. how sill these poor people right?"
that about sums up the book.
>Got job offered for $15/hr
>It will take me several hours to commute
WHAT THE FUCK DO I DO GUYS
It's good money RN but fukkkkkk that opportunity cost...
>>1223572
Move there, dumbass. And $15/hr isn't good money.
>>1223572
>Move there, dumbass
Moving over a $15/hr job?
>And $15/hr isn't good money
Yeah not as a career for sure but it's not bad either
>>1223588
Is there a reason why you need to stay where you are?
If so, it's not worth it. A car is thousands of dollars per year in gas and repairs. The time you spend on the road each way means you will be tired when you finally make it home and eat out more, spending yet more money, and have less time to improve your position for the next opportunity.
It will probably cost you 1/3 of the 30k you'd make in a year just to take that job. If you can get a position close by which pays less you're probably in a better position overall.
Lets get one of these threads going /biz/. Also, what do currently employed fags thing of their job.
>22
>Kansas City
>Business Intelligence Analyst
>55k/yr
>Haven't started yet but it seems like a promising career.
I've been in the same IT department for the last 15 years, and fortunately I've gained the trust of all of the management to just work on what I feel like, and am given a lot of autonomy. Mostly I automate processes and build tools in Access/Excel.
>23
>medical student (MD)
> $0
>>1223226
>26
>Taipei
>major in physics
>$800 a yr
I have to gtfo of this shithole
Who's /made a killing on gold so far this year/ here?
My portfolio is up 15% because of gold, thinking of cashing in soon, but i could see it continue to surge for a while
>>1223126
me but it's not as good as i bought gold a few years ago if i divide it by years i get laughable profits. 4% a year maybe.
i'm gonna wait with the sell till it's up 10% a year at least.
>>1223126
i got 5 ounces while it was at $1200, after the gold crash of 2014
now that its hovering around 1280, im thinking of cashing out... I would have made more money on stocks and REITs if i invested the same amount of gold back in the day.
Would have made around $1000 by now, after 2 years growth.. Gold just made me $400
Im starting to doubt gold.. Its a dead investment.. More of a store of value, than anything.
I'd still speculate on gold tho, just for fun.. its a good addition to any portfolio
>>1223150
I meant gold crash of april 2013
either, or
24 year old smart but lazy ;) neet
instead of play video games, I literally learn about business all day.
talk to me
>>1222920
>smart but lazy ;) neet
Are you also nihilistic with a wicked sense of humour?
I wrote this guest post recently
http://redpillreviews.com/jab-jab-jab-right-hook-review/
I'm learning Python & start a job on monday (I'll be saving) for possible investing in inventory
beyond that, I'm a willing wall to bounce ideas off of. looking for the same
>>1222922
I'm not nihilistic & I'm kind of more interested in talking seriously tb h
Dropping two big pieces of knowledge that virtually none of you know about. Screencap this because it'll become public knowledge later.
Part 1:
Satoshi Nakamoto is Nick Szabo. He’s working on an Ethereum company that’s going to bring real world financial assets to the blockchain. Those who are close to the ground seem to know that he’s building a company on Ethereum, and I get the impression that they don’t want to rock the boat by publicizing this information. I don't want to go too much against the privacy wishes of the guy who made all of this possible. That's why I'm not posting this on rebbit and HN.
I noticed Nick taking extensive notes at a recent Ethereum meetup and briefly asked him about Ethereum and the company that he’s building. He’s working with Donald McIntyre on a company called Global Financial Access which seems to be somewhat similar to what string.technology (a company that Fenbushi/Vitalik has invested in) is attempting. You can find String's Devcon1 videos on youtube.
No one is talking about this because apparently, most people don’t know who Satoshi is despite Vitalik and others repeatedly saying it’s Nick Szabo. Nick asserted that Ethereum is the most advanced and promising blockchain technology which is why he's actively building a company on top of it. This hasn't been priced into the markets yet. There is no reason to own Bitcoin because Ethereum can do everything it can and more.
cont.
Ethereum is really Nick’s master idea that encompasses Bitcoin and a smart contract universe. People should know who came up with these ideas and that he’s been writing about smart contracts in detail since the 90s. I'm not sure why he's so secretive about it.
Read Nick's blog. Slock.it took his idea of "proplets" from an essay on there. "Formalizing and Securing Relationships on Public Networks" reads like the playbook that the Ethereum community has been following since its inception. The document explains a shared virtual computer that can run digital cash, reputation systems, content rights management and track supply chains among other things. It's the grandfather of the Ethereum white paper.
cont.
Part 2:
Coinbase is working on integrating Ethereum into their exchange.
I’ve spoken with a number of Coinbase employees who have attended the Ethereum meetups, and it’s obvious to me that they are adding Ethereum to their platform. As their engineers become more acquainted with Ethereum’s thought leadership, I believe Coinbase will expand its operations beyond their exchange.
This is a big deal. Considering the number of large VC stakeholders in Coinbase, I don’t think it will be long before substantial American institutional money begins pouring into the Ethereum sector as Coinbase’s leadership explains to the world’s biggest VC firms why they moved into Ethereum.
That's all.
memecoin containment board when?
Did anyone else try their hand at stock trading, lose money, and then quit? I've dug myself into a hole. Part of me wants to quit and never look back, but the thought that I could make it all back in a single day if I play my cards right has me glued to my screen. Stocks are ruining my life.
>>1221787
moar
>>1221787
>Did anyone else try their hand at stock trading, lose money, and then quit?
Nope. I'm not a retard
>>1221787
Are you quitting to bury your face in that puss?
Exactly how fucking useless would it be to learn Haskell?
what in the fuck is haskell?
>>1223168
Programming language.
>>1223143
Been wondering the same thing 2bh
