Hey Zig Forums

Hey Zig Forums

I am a 25 year old student(went back to school after working) with 4k in savings, and these savings are steadily going up by 200 euros a month. i dont plan on starting my own business or to work in finance, instead i plan to be a psychologist with a steady income. can i make it with just a frugal lifestyle where i invest 400 euros a month?

shold i start spending my monthly savings on a diverse set of crypto?

Should i start learning about the stock market?

should i save more and start investing in real estate?

i dont need fast cash, i just want to prosper in the long run. i live in the netherlands btw.

Thanks Zig Forums

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>diverse set of crypto
99% of crypto is scams and if you're just picking shit randomly without even knowing a single reason why bitcoin itself is a big deal you're going to get punched in the shekels mr. psychologiststein.

OP here:

I don't like taking risks, but its a shame for my money to keep collecting dust in my account. saving interest is nonexistent these days.

im starting university in sepotember, and it will take about 5 years at least. what can i do while im a student with 200 bucks a month?

keep saving and learning?

I suspected that, i know jack shit about crypto, and since im not looking for fast cash i can take a couple years learning about it. it seems to be mostly air and memes though, is it worth investing so much time into something as volatile as crypto?

Im 30 and I never did go back to uni to finish my degree. Im only worth 10k ish but I have many assets I haven't taken into account, like 1kg+ of silver.

save until you've got several months of expenses covered
you can't say an investment will make you money 100%, but it is known that if you avoid debt you save 100% on interest and other bullshit
but keep reading and lurking and try with small amounts (a few hundred) in different things to get used to the feeling of losing and gaining money

OP:

You need advice too?
welcome fren. this mostly seems to have become a crypo board, but we can make it bro.

I think you'll find more useful info on plebbit r/dutchFIRE, helpful community.

Basic idea is to use a platform such as DEGIRO and buy VWRL (Exchange traded fund that tracks 3000+ companies) with a fixed amount monthly. In the long run your yield will be a total of 6-7%. As you buy monthly, you reduce the risk of bad market timing with a principle called DCA (Dollar cost averaging). As 'the market always grows', your yield is very realistic and rather low risk. The only way you will lose your money is when the whole system crashes and fiat becomes worthless.

Crypto is ennobled gambling. But, during bullruns, which we seem to be in right now, lots of money can be made, if you set targets and exit. If it crashes (look up Q1 2018), you will lose most of your gains. You could either start now with a larger amount, hoping to x2 and x3 and then cash out, or DCA smaller amounts, and cash out during a next bullrun.

I am nowhere near an expert btw.

Thank you for the advice and modesty user.
i do feel like crypto is the worst fit for my goals.
id liek to raise a family and live a nice tranquil life, and wealth is a strong aspect of this. but i dont want to take big risks.

i have screencapped your post and will look into all those things user.

thank you

>crypto
Don't diversify until you are comfortably in the 5 digits. You diversify to protect real money. 20k in the grand scheme of things even at your age is nothing.

sounds crazy, is investing reserved for the mega wealthy only?

should i save untill i have over 10 grand?
how do I climb the ladder to the big boys upstairs?

why would you save in a currency that people can print by the trillions? If you don't like risk at the very least invest in a safe an buy Gold and Silver bars. Fiat ain't worth shit and the stock market is overbought around the whole world

Overbought?

doesnt gold and silver fluctuate too?
where do i keep these metals safe, i live in student housing. and buying metals is only useful if i have a huge income, wich wont be the case for a while. im not only looking to preserve money, but also to make it.

or are you advising me to buy gold and silver because the euro might crash because of the worldwide recession?

What I'm saying applies specifically to crypto. I hold like 10k in boomer stocks but those are mostly etfs, and that account it up 6% in the 3 years I've had it. Compare that to my crypto holdings which went from being worth around 14k last month to over 33k as of this moment.
Crypto can be incredibly volatile, while DCAing boomer stocks is much safer long term.

the Euro will crash sooner or later and yeah I'm telling you to buy gold and silver so you can preserve your wealth while study investment options after this corona shitshow (there will be some nice properties and business that went bankrupt to buy up after corona is gone).

Just buy a safe and put it in your family's house or something. Make sure to bolt it to the ground though

i dont even know what dcaing and etfs are yet, but i get what youre saying. boomer stocks are for me then unless i want to go high risk high reward and dive into the world of crypto.

i could put it in my moms hidden basement undre the floor, but is it reaaly worth doing all that? keep in mind i only have 4k and my monthly growth will be 200 euros and up depending on what sidejob i can get.

Give it a shot, you're still young and you should be willing to be take on risk. Research whatever you're buying and throw everything you can afford to lose into it if you see the future in it. Don't be a retard on take loans out to invest with though. That's just asking to JUST yourself.
>t. 23

4k in silver that is 70 down from ATH in a world where the Euro is being inflated by the trillions? To me it's a no brainer but you gotta make your own strategy user

yeah im not a fucking retard, thanks i will start looking into it.

i dont know what ATH is i googled it but its pretty hard to understand. can you explain to me why its a no brainer? is the euro being inflated that much?

maybe youre right user....

Dude is gold AND silver in a massive dip right now?

ath is all time high. and no brainer means that that it's obvious.

spot gold went down like 9% or so I don't actually care much bc I live in Brazil so any chance I get to scoop up gold it's good for since BRL is pretty weak. But he gave us a 5 years time frame it's not like he's swinging gold invested in mining stocks I'm just telling him a nice way to hedge his wealth long enough for him to be protected from inflation and give him time to build a position to own some rental property or something when things return to normal

i know what no brainer meant. but thank you.
i could buy 3k in gold or silver and keep 1k, and every time i get another 1000 euros i could add to the pile.

so, gold and silver is both down, the currencies are terrible because the economy is fucked worldwide. why then is the price of these metals so low? why arent more people buying up all the gold and silver?

bc people are fucking stupid and live hand to mouth. The very few people like us (I'm 26 btw) who has no debt is to damn afraid to invest since the stock market is fucking rigged by all the money the government keeps injecting in it so they can raise their popularity.

I'm telling you what worked for me though, I made around 100k USD in a shithole of a nation where 1 USD is around 5.2 BRL so I'm actually past 1/2 a million just bc of passive income from my rental properties (I own 2 small warehouses that I rent out to Ecommerce ppl) and I also have my day to day job (I'm a lawyer).

Hard work and discipline are the key to success and I will be successful one day

They've been hitting constant ATHs since the corona crash. Expect corrections to happen, but as long as US Federal Reserve is printing trillions of dollars expect the price of Gold and Silver to continue to rise.
Their prices also directly correlate with apocalyptic feelings (thanks China) and distrust of the global financial system.

>frugal lifestyle
>the netherlands
who are you trying to kid, you'll blow it all on drugs and hookers of course.

you sound like the kind of person that is going to fucking make it. owning rental property seems like the thing to go, whatever housing prices do, having mopnthly income from rent is what i am building towards. and its very truue what you say people are retarded. my mom has a good job and has 30k in savings. now she feels safe and is spending everything that comes in on stupid shit. she just lets it sit there ffs.

i guess ive read the charts wrong, would you still advise me to jump in?

He is saying crypto should be far down on your list of investments, you diversify into crypto in kind of the same way that you diversify into gold, when you start to have enough money that you want to hedge against economic downturns.

The best time to plant a tree is 20 years ago. The second best time is now. When you do buy in, do not panic sell, and be prepared to hold onto your investment for years or at least several months. Never day trade or swing trade. You WILL lose money.

thanks frens

im gonna look into it, now i have to go get some food ill be back in half an hour

Can you afford to lose 2k?
If so, invest 1k on LINK, 500 on ETH and 500 on XRP

Switch XRP for BTC, that way he's also using crypto as a bit of a hedge.