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+--- Thread: What to invest my money in (/showthread.php?tid=5524876)
What to invest my money in - HunTeR - Jan 16, 2017
So, I'm turning 18 in a month and I've got about £3000 heading my way.
Would just like to know what everyone would recommend I do.
Open to any suggestions
Thanks in advance guys
* - Themis - Jan 16, 2017
cryptocurrencies maybe, buying selling btc
* - Danny Khalifa - Jan 16, 2017
(Jan 16, 2017 04:51 AM)Themis Wrote: cryptocurrencies maybe, buying selling btc
Yeah, if he has any ideas about cryptocurrencies then yes it would be a good idea.
But also depends on your studies.
* - HunTeR - Jan 16, 2017
(Jan 16, 2017 04:57 AM)Danny Khalifa Wrote: Yeah, if he has any ideas about cryptocurrencies then yes it would be a good idea.
But also depends on your studies.
I've been trading crypto in the last couple of days and I've made a decent profit.
Just not sure if Crypto is going to be any good in the long term
* - Tiscali - Jan 16, 2017
(Jan 16, 2017 05:55 AM)HunTeR Wrote: I've been trading crypto in the last couple of days and I've made a decent profit.
Just not sure if Crypto is going to be any good in the long term
remeber that you could always go short on asset: if you think that Bitcoin goes down, sell and rebuy it at a lower price. 🤩
* - Fortified Design - Jan 16, 2017
(Jan 16, 2017 05:55 AM)HunTeR Wrote: I've been trading crypto in the last couple of days and I've made a decent profit.
Just not sure if Crypto is going to be any good in the long term
Don't do cryptos I had 10k to invest did some research on a couple of stocks invested. I invested all on one and made 58% profit in two days I'm sitting on 15k right now and the markets still open and it's already gone up 28% so I think I might cash out.
* - Yin Yang - Jan 16, 2017
I would invest it into your education
* - HunTeR - Jan 16, 2017
(Jan 16, 2017 08:05 AM)Yin Yang Wrote: I would invest it into your education
We have student loans for that purpose
* - Tiscali - Jan 16, 2017
(Jan 16, 2017 09:01 AM)HunTeR Wrote: We have student loans for that purpose
Split amount between more investment:
1) 20% Strock
2) 20% Commodities
3) 20% Crypto Trading
4) 20% Daytrading Between past 1-2-3
5) 20% Cash
About suggestion:
1) 25% PIIGS - 25% USA - 20% DAX+CAC 40 - 20% BRIC - 10% Other Latam+Asia
2) 30% Gold - 10% Chopper - 25% WTI OIL - 10% Nat Gas - 15% Sugar - 10% Wheat
3) 40% Bitcoin - 20% Dash - 20% Litecoin - 10% Xmr - 10% New cryptos
(Jan 16, 2017 09:01 AM)HunTeR Wrote: We have student loans for that purpose
* - Valeant - Jan 16, 2017
I suppose it depends on what you mean by invest! You could take that ~$3.2k and stick it in an index fund and make 5-7% return a year, or you could do some momentum trades in individual stocks & potentially make/lose much more.
Crytocurrencies are a special kind of asset because those markets don't "function" in the same way structured markets do. They operate at all hours of the day, 7 days a week. You're competing against super computers processing immense data & trying to predict movements as well as human traders making decisions based purely off instinct. It's not really something you want to "ride" because those price movements aren't reflective of sound market dynamics. For example if you bought in on Jan 4th, you would have lost 30%+ by that same time 1 week later.
* - Allelujah - Jan 16, 2017
Fuck all this other nonsense. Invest into real estate. Save your money, find land or homes for cheap and buy it up my guy. Physical space will always hold value.
* - Olympus - Jan 16, 2017
I would have to agree with allelujah save your money and buy and rent out houses. But in the mean time save your money maybe invest into stocks and invest time in learning the stock market. Forex is also an awesome way to make money risky but the profits are worth it definitely need to study a lot and I recommend playing the demo for a couple of months before using real money. Just so you get a feel for it!
* - HunTeR - Jan 17, 2017
Thanks for the suggestions so far guys.
I don't think I have anywhere near enough capital to start playing with real estate but I'm going to have a look into FOREX and do some serious research before I jump in.
* - Olympus - Jan 17, 2017
(Jan 17, 2017 02:25 AM)HunTeR Wrote: Thanks for the suggestions so far guys.
I don't think I have anywhere near enough capital to start playing with real estate but I'm going to have a look into FOREX and do some serious research before I jump in.
Best of luck buddy i would love to hear if you have any success or mistakes and if you have any questions regarding forex or investing in shares let me know. Good luck :D
* - HunTeR - Jan 17, 2017
(Jan 17, 2017 02:28 AM)Rexicon Wrote: Best of luck buddy i would love to hear if you have any success or mistakes and if you have any questions regarding forex or investing in shares let me know. Good luck :D
I certainly will, thank you😁