Should I invest if I have $5000 only?

I'm a 20yo broke college student thanks guys

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No. Why would you want to start small and early?
Better wait for retirement and start investing after you have some money to invest.

Invest as early as possible

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no way dude it makes no sense to invest unless you're ALREADY rich and could retire.
ngmi

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Literally as much crypto as possible OP

yes, just not all of it and do a workjob to make more money to keep up on top, then invest more when you feel comfy.

>$5000
>broke college student

Trust fund baby?

How does $15000 sound, because that's what you'll have in 2 months if you invest now

invest in what fren? :)

Buy as much Link as you can

Mixed on that, I see other people say it is a scam and then others say buy.. will have to research

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Isn’t the crypto bubble over in like 2017 or something?

Its 4000usd, I thought most college students had at least 10k? I saved 2k from working, 500 bucks from selling stuff online and yea the rest are from my parents

Hmmm... robinhood?

Bamp

Yeah, that's reasonable. But pretty weird to call yourself broke when you're only 20 with $4000 in the bank.

Checked. Investing is a waste of time unless you come from a rich family.

dude, I had less than $1K while I was in school, you silver spoon eating piece of shit.

Anyways i'm 25 with 120K NW now so yea invest and don't consoom.

I'm 22 with a 120k nw and I started with $35 in my checking account at 21. No school. How does it feel boomer?

Use a backtesting tool like what Shrimpy has. 2017 bullrun could turn $5000 into 2 million in a properly setup rebalancing portfolio (even allocation, 20-25 assets, 1% threshold rebalance, maker trades only).

Do you guys count your houses & real estate which calculating networth? or do you only count cash, stocks and crypto

>we live in a time where people think Link might be a scam

I commonly see people advocating for 6 months of savings and I barely have two, so I thought I’m poor. Also loads of students in college blow cash like it’s nothing as well

Yeah I’m pretty frugal and love saving, but damn how did you even survive tho?

Saving while the dollar is losing value visibly? That is one hell of a losing strategy. Money with velocity - assets are ALWAYS ALWAYS ALWAYS ALWAYS going to be better than fiat in a bank with 0% reserve requirements and the threat if negative interest.

>loads of college students blow money like it’s nothing

Those goyim are letting the kikes win. Don’t be like them. All in LINK. Godspeed young friend.

btc and eth

>20 y/o
>only $5000
>trust fund baby
Lmfao, the absolute state of poorfags

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The FUD is working and that is good. More time for us.

>say it is a scam
>most DeFi apps using Chainlink
>right before the golden DeFi bullrun

You should invest in TRND if you want half a mil

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yes, all in on link

If you're just going to hodl and not do a lot of trading, buy BTC, ETH, and LINK. Pick your entry point for the first two whenever you think it's a good time. Recommend checking cryptoalerts.ai/ for when it says RSI oversold for them and buy then so you don't get pissed off at buying the top. Just buy LINK whenever, I can never predict what it's going to do other than assume it'll trend upwards overtime.

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