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@ceo_of_monoeye_dating @gavi its not longterm dw im currently just getting enough crypto to buy a house then ill begin my actual investments
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@munir @ceo_of_monoeye_dating @gavi I'm too broke to have any investing done but thanks for the info.
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@MK2boogaloo @munir @gavi As a young person you should invest in slightly unstable but high-return ETFs.
Crypto has a strong tendency to bleed for years, then blow up. With that, timing is everything, so keep in mind that any advice relevant to crypto depends on weird things.
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@ceo_of_monoeye_dating @munir @gavi you can't invest when you have less than 100$ in your pocket :)
But sure, what kind of investment is the best for high risk high reward thing?
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@ceo_of_monoeye_dating @gavi @MK2boogaloo im 17
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@MK2boogaloo @munir @gavi Solidly growing ETFs with moderately high beta values.
Alpha is return, Beta is volatility. High beta means you can do a nice little market timing bit and get in solidly, but of course this only matters if the returns are good.
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@MK2boogaloo @gavi @munir ETFs are generally better than stocks because they track an index and are less susceptible to minor changes in one company's standing. Stocks are usually the most volatile, with the exception of a few very stable companies (often called "blue chip companies") which, if they went under, would suggest that something more destabilizing than "America was nuked" happened.
Gold and silver are natural stores of wealth. If you have more than 10 grand in investments, some of your wealth should be in gold or silver. They have the unfortunate quirk of being more efficient to buy in large quantities and the sellers/buyers take a cut, so keep in mind that they're not really liquid assets - you should only buy gold or silver if you plan on holding them for a long time, probably 5-10 years minimum.
Other assets that aren't liquid - such as real estate and gemstones - are market-dependent. You do need your own house if possible, but otherwise assets that aren't liquid can easily bite you in the ass if you don't study them properly. They can also be exceptionally lucrative, but they often end up as careers rather than side-investments.
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@MK2boogaloo @gavi @munir Also don't hold more currency than is necessary for 3-6 months of living expenses. Debt should be paid off rapidly if the interest exceeds the rate of inflation. Otherwise, minimum payments should be made on it.
Paying off debt is usually the smartest investment you can make if you're in debt, but in a high-inflation environment this is not always the case.
munir
New Janny in Town
CEO of Monoeye Dating
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