How to invest my money?

[Fiskevatten]

Good morning guys!

I would love some insight from people who has built a nice financial structure for themselves and their future.
Business is going good, but the business type is very unreliable and even though the numbers show that it will keep going for years, I don't want to take it for granted.

Currently earn 18-22000 USD a month from last month and forward.

I have already planned and paid for my second business that I hope to have open in a month or two.

Now, going by the information that I have no idea if it will stay alive or not, how should I invest my money?
I don't know a single thing about stocks, don't believe in cryptocurrency, and real-estate here is s**t.

Clueless what to do except keep working and save, but I believe I can do more than that.

[wango]

We’ve always left it in the hands of experts. The group/person that handles our funds came highly recommended.

We’ve also stayed well diversified and not overly aggressive. Arguably a slightly higher percentage of our funds have been in bonds as well. For us it’s been moderate risk & moderate reward. This has been a long-term process that’s brought us nice gains yet saved our ass when the market dumps.

Congrats on your successful businesses!

[SampsonandDelilah]

Call Charles Schwab or Fidelity and set up some accounts.

Would open a Roth, 401K and a brokerage account. Depending on whether you need accessibility to your funds with play an important part. Things like 12/24 month CD’s can help with liquidity if needed.

Can be as simple as choosing a “fund” that will mirror your anticipated year of retirement. They can help diversify your portfolio and risk tolerance and find a mix of stocks, bonds and mutual funds...both US and international.

That would be my suggestion anyways. Mitigate your risk by imploring a reputable brokerage/financial house

[Honkey_Kong]

Just send me it and I'll invest it for you

[Cuz]

Buy amazon stock

[xxblazenlowxx]

My best investment to date was purchasing a 2 Family home.

[Fiskevatten]

Good suggestions so far (well, except @Honkey_Kong's but hey maybe he is a financial advisor). You are not USA based, I think. If you were, I would recommend getting taxable income down and some of the suggestions are good for that.

Oh and likely in any country, the number one rule of small business is:

Pay yourself first.

This is the exciting part for me right now, was living offshore and I have my companies offshore as well. This means that (at that point) I was not eligible for tax.
However, now when I have landed back home again, I might be.
Seems I can come away with 20% if I make sure I have no "winnings" in the company.
Since my business account don't pull any benefit from keeping it inside, I can at least avoid company tax.

I will most likely follow the advices above, hire an expert and think longterm.

I mean, if all flies away I still got a nice amount of money with knowledge to use it for another company.
If it goes as planned I will have possibilities to create a decent life.
Realized fast that using the money for toys and flash is not in me, but helping family truly gives me purpose and joy.
Would love clearing my parents debts, so I gotta use this time to think smart.

[< <Samson> >]

It’s so rough right now

Business is just volatile, no matter how the number look “now”

I was deep into real estate investments here - but, now the values are too high

Shit, to think about it - every is too high risk rn. . . . I’d wait a bit, wait for the new year starts & go from there - maybe even past 1st corner of 21

[Fluidic Kimbo]

Invest in a coffin-making firm until the end of the pandemic.

[Karlanthen]

I would invest my money in business development. So far I have options to create my own website. I think the best way to develop a business these days is online.

[Honkey_Kong]

You can invest in your own business and do your best to promote it with internet marketing. This type of advertising was born very recently, around the same time that access to the Internet became widely available. But it has become quite effective. There are special services which deal with this and know how to do it. I used one of them, namely AdHouse. With the help of it my traffic in the online store has doubled, if not more.

Problem is finding a business and getting startup capital. I mean if you were a foreigner that comes to America, you can get those sweetheart loans that are at next to no interest and if you don't payback nobody is going to enforce. But if you live in the states, it's a lot harder to come up with the cash.

[spywizard]

depends on your age and goals..

off the cuff.... index funds and leave it alone..

[almostgone]

depends on your age and goals..

off the cuff.... index funds and leave it alone..

I agree with Spy...index and targeted date funds that require little oversight in general.

For us older farts, a modest percentage of investment funds going into quality bonds, while maintaining targeted date and index funds, personally I keep a little cash in a retirement trust type fund, and a just for my personal sanity, I have about 3% of my total retirement savings in precious metals... I.e. gold and silver bullion. I wouldn't put a bunch of money into precious metals, but I don't mess with crypto. The returns on bullion aren't always outstanding, but I've averaged over 11% per year over the past 6 years or so. So, not a terrific performer given the dips in spot prices, but still a positive return that I physically possess.

Also, I dabble in tungsten. It's not particularly valuable, but it's a workhorse metal. If just about any large industry is working, tungsten is being used and a lot of it.

[Fiskevatten]

Talk about bumbing an old thread, 2 years now haha
Still, great topic since it benefits us all!

So what have I done since?
- Paid of all my debts.
- Earned my first 100k
- Opened a second company, aiming at a third.
- Might buy a house overseas towards January.
- Got a new lady.

All might go to shiets or it might go great, but slowly moving towards new exciting things.

My advice if you have an idea?
- Skip perfection, in the end it´s better to start and adjust along the way. You won´t get perfection, at least not if you work with other people/ clients since there will
always be other opinions and dilemmas breaking your idea somewhat.
- AVOID friends, money changes people and especially when the people around you are unstable.
- Aim towards internet, with the right product aimed with a decent marketing can literally blow up.
- You don´t need to re-invent the wheel finding something that no one else has, just take what exist and make it your own brand.
- Understand that money do NOT lead to happiness. If you aim for money solely, then be prepared for pain and learn to be OK with that. It´s better to follow happiness
and money will follow, but we do what we can at the moment and it´s seldom you can choose both.
- Surround yourself with people who grow you, not sink you down. This is extremely hard, especially if the certain someone has been around you for a while.
- Avoid drinking, girls and over-consumption of pron (this literally has a huge effect on growth, I am still struggling here). It pulls you towards a quick reward mentality = bad.
- Learn to stop overthink and build scenario's in your head, mind wandering of, this is bad for mental health and drains you.
- Put 10% away each month to e.g. Index, you will be surprised how useful that small amount will be in a few years (me myself is in crypto).

Have I succeeded with all above? HELL NO! But I am doing the best I can and encourage all else to fight.

[spywizard]

hey man... have you created a trust as of yet ?? with an IUL as part of the package ??

avoiding tax gains and future medical issues ???

that is have you made your stock portfolio part of the trust .. ??

[almostgone]

hey man... have you created a trust as of yet ?? with an IUL as part of the package ??

avoiding tax gains and future medical issues ???

that is have you made your stock portfolio part of the trust .. ??

Well, they said I was 485 days past due for my eye appointment. I believe they're correct. I absolutely read the text in bold above as IUD.

[neriwoods]

Has anybody heard or even had experience with investing in lithium stocks?

[lovbyts]

Has anybody heard or even had experience with investing in lithium stocks?

https://money.usnews.com/investing/i...lithium-stocks

[neriwoods]

Thanks!

[neriwoods]

No, I haven't, why?

Recently, I have been coming across with this very often. Was wondering if anybody invested into it. Was thinking about it, but want to hear someone's else personal experience. Because taking into account the info I read at on the bathroom wall, I think now won't believe even the most reliable sources in my opinion.

[almostgone]

Recently, I have been coming across with this very often. Was wondering if anybody invested into it...

They're anticipating an increase in demand for EV batteries.

[lovbyts]

Dont get married. No long term domestic partners. Dont have kids. Buy low, sell high. Do everything the opposite of what I have done. lol

Every time I start doing Great life sends me a reminder luck is not on my side. I always seem to have to work 3x harder than most people to make things work or make a buck. Every time I get a little nest egg built up something happens to deplete it all and more quickly. Ive accepted thats just my life and no use crying over spilled milk, even if its a gallon at a time. If I bought Microsoft or Amazon stock they would drop in price by 50% in the next week. lol

[Obs]

Good morning guys!

I would love some insight from people who has built a nice financial structure for themselves and their future.
Business is going good, but the business type is very unreliable and even though the numbers show that it will keep going for years, I don't want to take it for granted.

Currently earn 18-22000 USD a month from last month and forward.

I have already planned and paid for my second business that I hope to have open in a month or two.

Now, going by the information that I have no idea if it will stay alive or not, how should I invest my money?
I don't know a single thing about stocks, don't believe in cryptocurrency, and real-estate here is s**t.

Clueless what to do except keep working and save, but I believe I can do more than that.

Pattern day trading is extremely easy you can make money on a losing stock if you learn the average peak and valley of a falling stock with extremely high volume.

The pain in the butt part is you have to post a $35,000 Bond.

I got but tons of freeriding violations and good faith violations before I found out what I was doing was illegal but I was damn good at it.

You can make a butt ton of money in one day off of an incredibly volatile stock.

Making money used to not be my issue it was the way I spent it on bullshit.

[lovbyts]

Pattern day trading is extremely easy you can make money on a losing stock if you learn the average peak and valley of a falling stock with extremely high volume.

The pain in the butt part is you have to post a $35,000 Bond.

I got but tons of freeriding violations and good faith violations before I found out what I was doing was illegal but I was damn good at it.

You can make a butt ton of money in one day off of an incredibly volatile stock.

Making money used to not be my issue it was the way I spent it on bullshit.

Again, dont do what I do/did. I was doing this for a few months with a penny stock I had been following. It always traded between $0.08 & $0.13 It had been doing this for months if not over 1yr. One evening after hours when it was around $0.08 I put in a buy order for 5,000 shares. I didnt put in a limit order because even if it opened at $0.09 I wanted it and had done it a few times already. I had also built up a tidy little sum with it and another stock that was going to the moon.... lol

Well the following morning, Long before I got up, it opened at $8.00 a share. Hmmm $8.00 x 5,000 = $40,000. Trade was suspended shortly after because it was determined to be some type of manipulation. Either way I was out 40K but luckily I had more than enough to cover it but it put a hold on plans I had to sell off some of my profit and turn into cash. As my luck/life goes that next week is when the technology stocks started taking a dump and within a week all my profits were gone and soon I was in the red, working with stock I bough on margin. Not good.

I actually got a check less than a year ago for almost $10K as settlement for the penny stock manipulation scam. They guys got caught but it took 15+ years to settle and basically cost me over $250K.

Such as life.

[Obs]

Again, dont do what I do/did. I was doing this for a few months with a penny stock I had been following. It always traded between $0.08 & $0.13 It had been doing this for months if not over 1yr. One evening after hours when it was around $0.08 I put in a buy order for 5,000 shares. I didnt put in a limit order because even if it opened at $0.09 I wanted it and had done it a few times already. I had also built up a tidy little sum with it and another stock that was going to the moon.... lol

Well the following morning, Long before I got up, it opened at $8.00 a share. Hmmm $8.00 x 5,000 = $40,000. Trade was suspended shortly after because it was determined to be some type of manipulation. Either way I was out 40K but luckily I had more than enough to cover it but it put a hold on plans I had to sell off some of my profit and turn into cash. As my luck/life goes that next week is when the technology stocks started taking a dump and within a week all my profits were gone and soon I was in the red, working with stock I bough on margin. Not good.

I actually got a check less than a year ago for almost $10K as settlement for the penny stock manipulation scam. They guys got caught but it took 15+ years to settle and basically cost me over $250K.

Such as life.

I'm broke as a joke. I once had money but pist it away along with my youth and body. I wish I could post a 35k Bond and I could live wherever there was wifi and day trade.

Instead I'm piss ass poor trying to get closer to Kansas City where my work is.
Someday maybe I will get the opportunity but it's looking bleak lately.

[lovbyts]

I'm broke as a joke. I once had money but pist it away along with my youth and body. I wish I could post a 35k Bond and I could live wherever there was wifi and day trade.

Instead I'm piss ass poor trying to get closer to Kansas City where my work is.
Someday maybe I will get the opportunity but it's looking bleak lately.

Dont give up but at the same time dont be obsessed with it. Plans/life changes day to day and like most things the opportunity will probably present itself when you arent looking for it.

Ive had so many set backs in my life I cant and count and dont want to remember. I try to take the good with the bad and focus on what I have instead of what I dont or what I loss. I know sometimes it sounds like I may be pissing and moaning but Im not. Someone will post something that reminds me of an experience and Im just trying to share hoping it will inspire someone or provide information of what to watch out for.

I can for sure relate to the being broke, been there, done that and sometimes its still paycheck to paycheck as well as wasting my youth and abusing my body in a lot of ways but thats life. Hopefully I will do better the next time around if there really is reincarnation or the next life.

[Obs]

Dont give up but at the same time dont be obsessed with it. Plans/life changes day to day and like most things the opportunity will probably present itself when you arent looking for it.

Ive had so many set backs in my life I cant and count and dont want to remember. I try to take the good with the bad and focus on what I have instead of what I dont or what I loss. I know sometimes it sounds like I may be pissing and moaning but Im not. Someone will post something that reminds me of an experience and Im just trying to share hoping it will inspire someone or provide information of what to watch out for.

I can for sure relate to the being broke, been there, done that and sometimes its still paycheck to paycheck as well as wasting my youth and abusing my body in a lot of ways but thats life. Hopefully I will do better the next time around if there really is reincarnation or the next life.

I don't give up. Just was bitching about the perpetual circle jerk.

[Frank777]

Investing in crypto assets is risky, but can be a good investment if you do it properly.

Does anyone run a business? If yes, are you going to invest in digital transformation? Having read about it, I decided that it is high time to invest capital there to protect against disruption, improve efficiency, solve supply chain issues, etc. There is no surprise that artificial intelligence and machine learning have been integrated into many spheres. And in my opinion, it is time for organizations to adopt such transformative technologies.

[lovbyts]

Investing in crypto assets is risky, but can be a good investment if you do it properly.

Does anyone run a business? If yes, are you going to invest in digital transformation? Having read about it, I decided that it is high time to invest capital there to protect against disruption, improve efficiency, solve supply chain issues, etc. There is no surprise that artificial intelligence and machine learning have been integrated into many spheres. And in my opinion, it is time for organizations to adopt such transformative technologies.

Risky is right. FTX crypto exchange files for bankruptcy

[micparks]

Good morning guys!

I would love some insight from people who has built a nice financial structure for themselves and their future.
Business is going good, but the business type is very unreliable and even though the numbers show that it will keep going for years, I don't want to take it for granted.

Currently earn 18-22000 USD a month from last month and forward.

I have already planned and paid for my second business that I hope to have open in a month or two.

Now, going by the information that I have no idea if it will stay alive or not, how should I invest my money?
I don't know a single thing about stocks, don't believe in cryptocurrency, and real-estate here is s**t.

Clueless what to do except keep working and save, but I believe I can do more than that.

Ever thought about being a private lender? I teach people how to make above average returns through real estate that secured and insured. Money sitting does nothing but lose value.

[micparks]

Crypto is a good direction. However, does anybody know why it is considered to be too risky these days?

because crypto is not a tangible asset.

[Fluidic Kimbo]

because crypto is not a tangible asset.

The only tangible asset is love.

[Cuz]

The only tangible asset is love.

Awe, is your E2 a little high kimbot ?

[Karlanthen]

I had many options for investing my savings. But for now I'm thinking about where to better invest my money. My favorite at one time was cryptocurrency. But I was not sure that I could earn a good amount of money. So I decided to wait and see what happens with the market. In the end I gave up the idea. Now I'm looking into selling goods through Amazon. I am studying the information with the help of myrealprofit. It looks promising and interesting.

[lovbyts]

As for me, the best investment today is real estate. And it would be good if you didn't just buy a house and then sell the house. And buy a plot of land to build a house and sell the house. It's a very good business, but you need to know about construction to control everything that happens. Plus you need wholesale and reliable suppliers of building materials and everything you need to build a house. If your area has a bad idea for building then you can always build a house elsewhere. As far as cryptocurrency, I don't really agree anymore that it's a good idea to invest in. We made sure of that when bitcoin collapsed from 45,000 to 23,000 today. And mining hasn't been generating the kind of income it used to.

You had better get to know the local politicians and planners who do the permits and grease a lot of palms or it will take you several years just to build 1 house due to permits depending on where you live.

[Noah526]

In fact, there are a lot of places you can invest money: forex, stocks, and cryptocurrency. None of them are right for you for some reason, although I think a lot of people have made a lot of money from them. For example, I'm investing 30% of my salary right now in bitcoin, and I'm sure in a few years this investment will at least double, I hope so. I also recently found out about crypto games, started playing them. you can make money there as well as lose. And as for you, well, I think you just need to keep working and one day you will find a place where you want to invest your money.

Removed advertising link

[Honkey_Kong]

It's better to invest in your business!

I agree with you. The best investment you can make is in either your own business or your own skillset (education trades etc). Things you can do to create wealth (your labor is your wealth).

[wango]

The market is good - yeah there’s downs, but the up’s more than balance those. Diversity, leave it to the professionals & keep your goals long term; it ain’t hard. That said, ya gotta be patient & disciplined.

[Mooseman33]

The market is good - yeah there’s downs, but the up’s more than balance those. Diversity, leave it to the professionals & keep your goals long term; it ain’t hard. That said, ya gotta be patient & disciplined.

biggest part I have issue with. basic ETF out produce the pros year after year. I think you should start there but you have to learn for yourself, 99% of finance guys are FOS, dime a dozen.

[wango]

biggest part I have issue with. basic ETF out produce the pros year after year. I think you should start there but you have to learn for yourself, 99% of finance guys are FOS, dime a dozen.

At 65 we have indeed learned for ourselves. We’ve been doing it for 40 years and we are more than comfortable in retirement. But, then again, our guys are not a dime a dozen.