I have about $13k to my name at the moment. Seeing as things are fairly uncertain right now, would it be more wise to save all of my money for the foreseeable future or should I be spending some? My personal wealth has been inflated by like 300% in a very short time and I don't really know what to do with it. I've tried thinking of ways to spend it that could end up turning a profit but it just feels dumb to invest in a bunch of raw materials and hardware or whatever right now, and I don't really want to touch the stock market as it is. Aren't we supposed to be spending some of this extra government cash anyway?
Spend or Save?
Noah Stewart
Henry Wright
uncertainty is when the brave make bank. embrace it and set yourself up for life, or don't and stay poor
Henry Cruz
Well yeah I'd love to capitalize on something, but what? I feel like $13k isn't enough to do something in 2020 that will set me up for life
Jose Ramirez
bump
William Wright
dump it all into MRO unironically
Ryan Parker
do you think that all the people who made significant gains/fortunes during recessions asked people " what should I do?"
They already knew what to do, and they did it. Just the question alone shows you wont make it until you study markets in much more depth
Jayden James
>study markets
Why is the level of discourse here so fucking infantile? The board is literally for the discussion of these things, stop being a fucking mong
Brandon Thompson
you wont make it
Brandon Phillips
All in low cap shitcoins, wait for an X, sell 80%. Seriously. For instance, Snowblossom is at bottom on Q-Trade. Throw in $10K. Wait 6 months.
Samuel Hill
honestly, if you re risk adverse put it all in physical gold, guarantee you wont loose your purchasing power at the least
best case scenario you will gain multiple times purchasing power over the next 5-10 years
if you are risk on
buy 20% bitcoin 10%eth 5% LINK 5%ADA
50%Physical silver and the rest USD until peak deflation then buy whatever you can asset wise
Hold ya silver until gold/silver ratio is 20:1 and sell it for gold or realestate
Hold ya crytpo until ya 10x at minimum maybe 20-30 x if you are a big gambler
If you are a complete idiot just hold it in cash in a bank and get raped by inflation like a wage cuck