OK so this is probably a bad idea but I'm just going to go ahead and see what happens. Before ronachan I was a line cook and pretty content with my future of wage slaving. Didn't go to a big uni because I didn't want to be in debt forever and just generally liked making food that people enjoyed. But after some guy ate an undercooked bat I'm unemployed for the foreseeable future as the restaurant biz is dead.
The point is I have 1,100 USD saved, which I know is pocket change to you but I want my money to work for me for once. So far robinhood looks like a good starting point, investing in maybe some solid currency, medical companies and trucking companies. But I was also thinking of getting starting on coinbase instead and 50/50 my money between bitcoin and ethereum.
Beside my retarded beginner idea does anyone have any advice? Or at least some solid books/articles I can start on that aren't just trying to swindle me?
Yours sincerely, BeginnerAnon
>your all welcome to call me a stupid faggot who knows nothing
you’re a stupid faggot who knows nothing, but you’re also definitely moving in the right direction as a beginner
Jose Price
At best, with risky shit, you will land maybe one 10x (along with a handful of, say, -50% investments). So with your savings, the difference between a 0% checking account and the most optimal investment possible....is 10k. Which you can maybe stretch to 6 months.
The moral is that when you're poor, you must focus on earning. Then saving. And only then investing.
Your best bet is unironically college with a useful major. They're desperate for business and if you're not retarded you'll snag a bachelor's for cheap and be able to pay that shit off in two years tops with the increased salary and job stability.
Asher Wilson
im in community uni right now, I was originally just going to get my general ed associate's degree but now I don't know.
Hunter Sanchez
1,100 is my savings, I also have checking account that I'm not going to use, just for the necessities.
Ryder Lopez
get familiar with the basics of robinhood, sign up for coinbase your 50/50 split sounds fine, don't invest all your money at once, basically just buy low sell high and very simple technical indicators like SMA will help you decide on buying/selling, don't day trade
David Martinez
I am fairly intelligent, or I was according to standardized testing. My main plan was once this virus isn't so much of a issue I try to find an electric company that would hire me in an apprenticeship program. After a few years then start investing.
i may be in the woods, but i am just trying to make my way out of it. got to start from somewhere. >never change biz sometimes i lurk here just for the memes
Thomas Lewis
What score(s) did you get on standardized testing?
Trades are relatively secure and one valid path. Do you or any family members have any experience or aptitude in them? Same for non-trade stuff - should be a good guide towards what majors you might find profitable and rewarding.
Knocking out generic prereqs at a community college for a year or two can be a good money saving strat, provided the credits transfer. Otherwise the return on investment for a gen ed AA is...questionable.
don't buy into the stock market right now the downside is far greater than the upside and I'm someone who's constantly bullish
Aaron Brown
Put money into a Roth IRA, you can contribute up to $5500 a year into one and it is tax free. Only thing is you cant withdraw without penalty until you are at retirement age, but it will grow large in the meantime. Personally I would choose Vanguard to invest my money with, they have the lowest fee's generally. Limit all your expenses starting now, cut out all non essential spending. If and when you start receiving income again contribute the max amoint of $5500 a year and NEVER touch it until you are retirement age. Any excess should be invested in the stock market in an Echange Traded Fund (ETF) or Mutual fund which are the same things as the Roth IRA except they arent tax free again I recommend Vanguard, Robinhood is a good app with free trades but look around for an app that you like that has free trades. When this is all over try to work a second job, get a formal eductation in cooking at a trade school or work for a new restaurant when this is all over so you can make more money now and ALOT more money in the future.
ANY OTHER ADVICE IN THIS THREAD IS TRASH, CRYPTO IS TRASH. NOBODY ON THIS BOARD MAKES ANY MONEY THEY ALL ARE RETARDED SHITPOSTERS, DEGENERATE GAMBLERS AND PAJEET SCAMMERS.
Alexander Bell
You know which coin to buy, if I you are who I think you are. Bliss.
Any trade at all will continue to pay into the next 10-15 years without robot interference, and set you up for generational wealth. Anyone investing in crypto now will own the robots that take all the jobs. Let that sink in.
Learn plumbing, electrical, framing, anything. Just walk up to a jobsite, say you're strong, healthy, and smart enough to learn what they need. They'll start you at a higher rate to learn than any college grad gets, and it only goes up. You only have a few years. When you're 40-50, there will be no more jobs.
Evan Wright
I feel embarrassed sharing this and I'm probably going to get some heavy amount of (You)'s
But I remember all the different standard testing I was always in the 90+ percentile for my social studies and English but only 74 for my math. I only a 1200 on my SAT but I barely studied.
My fathers side of the family is all doctors and lawyers, but my dad is a trim carpenter. But he told me to NEVER get into a career that uses your body because it destroyed his. My mothers side I have a uncle who runs a successful shipping business but the rest where farmers.
None of them are into finance except for those who got their gains through their careers then hired brokers to deal with it themselves.
Dominic Carter
hello reditt
you're not gonna make any meaningfull gains on 1 rack. you can try to jump on the latest PND pajeet shitcoin or pennystock, but it's not really gonna go anywhere. like another user said, just keep earning. try getting a guard card and working as a security guard. it's one of the better paid unskilled positions in many areas, and one of the only which is growing during the coronavirus.
i went from food service to corporate security and make a comfy 90k salary contracted by a FAANG.
Ethan Anderson
Tell your dad that you only have 5-10 years before carpentry is automated, so your body won't be ruined. But you have a very limited timeframe to make some cash and put it into crypto.
Gavin Jenkins
i keep seeing this paneer shitcoin everywhere I'm not sure if its just hired shilling or legit.
you think we are going to have self sufficient robots that will do all of our electrical in a generation? So like androids with human dexterity?
Pretty sure he meant a out-dated term for peasant/woodworker from England
Isaiah Cook
My family lives in a rich resort town, trust me they are going to have business for a long, long time as they build and renovate mansions for the mcrich. I don't think any multimillionaire is going to pay for a robot to 3D print a concrete and plywood box.
Nolan Flores
If you are not LARPing that last line you truly are a god user. I can only hope to emulate.
Julian Stewart
sorry user this is my first time posting on biz
Jeremiah Cooper
Wise words, that last line is as I assumed. I didn't buy into crypto when it first started getting shilled hereabout now I'm getting desperate.
gonna shill, just a bit here but M1 Finance is a really good alternative to Robinhood. Their "pie" system is really nice for automated investing and you can really use it for a "set it and forget it" strategy with etfs. They can also hold on to your Vanguard IRAs too so you can do both with one account.
Sorry, didn't mean to shill. Robinhood is fine too but you might find you prefer M1s user interface and system a bit more. They also offer fractional shares, too.
ALL IN SPY PUTS WINTER IS COMING BUFFET SAID SO $250 STRIKE EXP AS SOON AS FUCKING POSSIBLE LETS WATCH THE WORLD BURN, HAND IN HAND BROTHER I GOT ENOUGH COKE FOR THE BOTH OF US, YOU'RE A LINE COOK YOU DO COKE BUY THE PUTS BUY THE PUTS BUY THE FUCKING PUTS!!!
Evan Parker
>ctrl + f [REDACTED] >0 results We really in silent mode now huh?
Cooper Roberts
Don't apologize, this is just seems like genuine advice which I am grateful for. By shilling I meant all the shit I keep seeing when i stay to find material to read like >BUY NOW GET RICH QUICK >IF YOU DON"T TAKE THIS OPPORTUNITY NOW YOU WILL BE SORRY" >OUR BROKERS ARE THE BEST BROKERS
Owen Bailey
you seem like the chef that is always in a different ponzi scheme.
Jayden Jackson
>So far robinhood looks like a good starting point I always find it funny that the newfags think the right broker is important. It isn't. Get a world view that you can build trade ideas from. Learn how to hedge & use derivatives. Come up with a trading plan.
ah, fair point. yeah that shit is annoying as fuck. There is no legit way to get rich quick (lottery/BTC mining in early days aside). Just gotta grind it out, man. Keep working on yourself and improving, you'll get out of this. You're just in a rut now due to corona. You're not alone though.
The sign is a subtle joke. The shop is called "Sneed's Feed & Seed", where feed and seed both end in the sound "-eed", thus rhyming with the name of the owner, Sneed. The sign says that the shop was "Formerly Chuck's", implying that the two words beginning with "F" and "S" would have ended with "-uck", rhyming with "Chuck". So, when Chuck owned the shop, it would have been called "Chuck's Feeduck and Seeduck".
Carson Powell
Ah yes that was my other guess here is the accompanying meme I thought about when I saw it
what does this even mean? that my austimso post ins't copy pasta? Obviously the jannies of this board are dead because I see scam posts everyday. I just assumed that ad broker companies could be recipe for scamming
