Current Events > How do I start investing CE

(+) Yeah! (+)

Have googled it but I'm still confused for the large part.

What I do know is I want to be able to take that money out at anytime (read: before retirement). I'm 18 and I have roughly $2000 saved up. What should my first move be?

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Open account with broker, buy whole market index funds.

Or if you want some diversity with minimal effort open a Betterment account and dump it there.
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put it all into buttcoin
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AlephZero posted...

Open account with broker, buy whole market index funds.

Or if you want some diversity with minimal effort open a Betterment account and dump it there.

What do you think about acorns?

EliteC posted...

AlephZero posted...

Open account with broker, buy whole market index funds.

Or if you want some diversity with minimal effort open a Betterment account and dump it there.

What do you think about acorns?

Looks fine. Most of the consumer "robo investors" are basically the same afaik. Betterment, Acorns, they do the same thing.
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I know a Prince that just needs a small loan
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AlephZero posted...

EliteC posted...

AlephZero posted...

Open account with broker, buy whole market index funds.

Or if you want some diversity with minimal effort open a Betterment account and dump it there.

What do you think about acorns?

Looks fine. Most of the consumer "robo investors" are basically the same afaik. Betterment, Acorns, they do the same thing.

Do they really help your investment grow?

EliteC posted...

AlephZero posted...

EliteC posted...

AlephZero posted...

Open account with broker, buy whole market index funds.

Or if you want some diversity with minimal effort open a Betterment account and dump it there.

What do you think about acorns?

Looks fine. Most of the consumer "robo investors" are basically the same afaik. Betterment, Acorns, they do the same thing.

Do they really help your investment grow?

Like any investment it depends on risk tolerance and market conditions. A "safe" investment profile can get you a consistent 2% per year without much risk. A riskier investment profile has the potential for higher returns but might also lose a lot of money.
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This is my opinion...

Save the money as we are heading for a recession. When the market takes a fat shit, then invest. You'll get more and make more.

Also, if you invest in buttcoin, keep in mind the transaction will take about an 1 hour to process so good luck if you see a run up.
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MACisBack posted...

Save the money as we are heading for a recession.

We have been "heading for a recession" for the past 6+ years. Trying to time the market is a fool's game.
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MACisBack posted...

This is my opinion...

Save the money as we are heading for a recession. When the market takes a fat shit, then invest. You'll get more and make more.

Also, if you invest in buttcoin, keep in mind the transaction will take about an 1 hour to process so good luck if you see a run up.

Haven't we been hearing "we're headed for a recession" for damn near five years?

its inevitable but no one can predict the exact date. I don't want to put it off for another year and half. I was given the same advice two years ago and have been waiting for the market to crash so I could buy low.

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Start blowing SBAllah.
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1. buy gamefaqs.gamespot.com stock
2. wait 10 years
3. cash in FAQbucks to your blockchain wallet
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I'm not timing it, we are headed for the US dollar to crash. Its there, whether you choose to see it or ignore it.

The FED has injected the economy with 39% of the total amount of the bailout in '08. Yesterday was for repos in the amount of 83.3 billion dollars.

Where does the value come from if you print it and its not tied to something like gold?
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Ideally you should have 3-6 months worth of living/expenses in your savings before you put a $1 in an investment. But other than that just look for any option with little to no fees.
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MACisBack posted...

I'm not timing it, we are headed for the US dollar to crash. Its there, whether you choose to see it or ignore it.

Then I assume you are shorting USD? Should be easy money if you are that confident. Short positions on USD/CHF or USD/JPY would be huge money makers if USD crashes.
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Start small. 2k is not much so you can treat it as a learning opportunity. Look up companies you are interested in.

Look at the news. Look at their income and expenses. Look at their price history. Look at their business. Ask yourself if you want a share of the company. Then buy a few shares.
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Squall28 posted...

Start small. 2k is not much so you can treat it as a learning opportunity. Look up companies you are interested in.

Look at the news. Look at their income and expenses. Look at their price history. Look at their business. Ask yourself if you want a share of the company. Then buy a few shares.

2k is a good amount of money for me tbh, especially considering in a year's time I'll be paying student loans. I don't want to do something high risk which I know happens when purchasing specific stocks

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Buy index ETFs

I dont recommend taking it out, especially if youre down, but its liquid if you have to
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CapnMuffin posted...

Ideally you should have 3-6 months worth of living/expenses in your savings before you put a $1 in an investment

jesus christ im never gonna be able to invest then
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quinfordmac posted...

Squall28 posted...

Start small. 2k is not much so you can treat it as a learning opportunity. Look up companies you are interested in.

Look at the news. Look at their income and expenses. Look at their price history. Look at their business. Ask yourself if you want a share of the company. Then buy a few shares.

2k is a good amount of money for me tbh, especially considering in a year's time I'll be paying student loans. I don't want to do something high risk which I know happens when purchasing specific stocks

Then dont invest it. Pay off your debts then you can start to build wealth.

The only investing I reccomend while you're carrying debt(other than a mortgage) is into a 401k if you're employer matches you. Other than that you need to focus on getting monthly payments off your back
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MACisBack posted...

I'm not timing it, we are headed for the US dollar to crash. Its there, whether you choose to see it or ignore it.

The FED has injected the economy with 39% of the total amount of the bailout in '08. Yesterday was for repos in the amount of 83.3 billion dollars.

Where does the value come from if you print it and its not tied to something like gold?

read that it show up from 2% to 10% two nights ago.
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Pukelid posted...

CapnMuffin posted...

Ideally you should have 3-6 months worth of living/expenses in your savings before you put a $1 in an investment

jesus christ im never gonna be able to invest then

My firm will straight up advise a potential client not to unless they do. Strict ethics.
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that's disgusting
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quinfordmac posted...

Squall28 posted...

Start small. 2k is not much so you can treat it as a learning opportunity. Look up companies you are interested in.

Look at the news. Look at their income and expenses. Look at their price history. Look at their business. Ask yourself if you want a share of the company. Then buy a few shares.

2k is a good amount of money for me tbh, especially considering in a year's time I'll be paying student loans. I don't want to do something high risk which I know happens when purchasing specific stocks

After you get a job, you'll realize $2k really isn't much. But hey, I get it. When you are a student, you don't have much. Maybe put $1.5k in a bond then for safe keeping, and have $500 for experimentation.

Unless you buy sketch penny stocks, it's very unlikely you'll lose everything when you're learning. My personal philosophy is I stick with companies that have proven that they can be profitable.
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