I want to get into investing my spare cash, but I have no idea where to begin. I've read Rich Dad Poor Dad and didn't really like it too much. I'm thinking about stocks, does /biz/ use any virtual stock market simulators?
>>1298038
Invest without any knowledge seems a bit dangerous. Start small just to feel.
>>1298038
Guide 2 invest
Grandma mode (safest and easiest, but yields so low not worth)
- Treasury bonds
Welfare mode
- Open up 5% savings accounts with Netspend up to $5000 per account (requires direct deposit and other shit to be eligible)
Normie Mode
- Buy wide-index stock funds; hope the market doesn't crash and continues to chug along. Alternatively, buy lots of diversified ETFs.
Slower but safer mode
- Buy dividend stocks that have a 15+ year history of growing their dividend (you are buying for the dividend, and if there is a capital gain, consider selling to reap it)
Effort mode
- Research and invest in growth stocks that are undervalued
/biz/ mode
- Buy the meme stocks in robinhood threads, hope for the best
Trump mode
- Buy Trump coins. Most estimates feel that once this coin gets mainstream exposure it will reach $1 each coin (currently 4 cents a coin) unreal gainz if it happens.
Bitcoins had a huge bull run recently, but most price targets stick it at $600 a coin. Still undervalued a bit and could always explode, so worth sticking some cash in them.
Other considerations:
- LISK, ETH
- Peer lending such as LendingClub
If ur already rich: Rental Real Estate and Franchises (or just starting your own business)
>>1298071
>If ur already rich: Rental Real Estate
Where did this lie originate? My first deal I hot 50% across the board on a 10 unit small apartment building no money out of pocket. Partner brought down payment , paud closig costs , paid for due dilligence. I found the deal and negotiated it and picked our management company (they take 8% of rents)
After slush fund savings(for capex and such) and paying the debt on the place by half of the 50% split is about 1300 a month (it was a bit of a turn around but we rolled the tepair money into the mortgage)
1300 bucks a month perpetual passive income and the value I brought to the deal was just knowledge and hustle
>>1298038
>>1298103
>Where did this lie originate?
I know, right? It's not like money makes things easier.
I made 700% on a really lucky penny stock pick, so it's not like you need money to make a fortune in the stock market.
I posted this because I feel it's very likely that any of the anons here can duplicate my results.
>>1298038
ThinkOrSwim paper trading means not real money but on the real market.
>virtual stock market
Gta5?
>>1298071
Have you guys made money on the stocks posted in robin hood threads?
>>1298103
Man, I don't even know how to do something like that. At all. Where could I start to learn?
>>1298071
Meme money sounds like the way to go
>>1298103
That required a partner that provided a down payment tho. Most /biz/ autists aren't going to have that.
>>1298103
Is there a book you can recommend for making deals in real estate? I'd love to do something similiar, got the talking skills, just need the knowledge.
