Ask HN: I have 1k to invest, what would you recommend?
11–20 of 32 posts
Re: Ask HN: I have 1k to invest, what would you recommend?
#12Do you have money saved for a six month emergency fund? If not, put this money in a bank account.
If you do have an emergency fund: don't ask on Hacker News, they'll tell you to do crazy stuff like buy Bitcoin. Head over to http://bogleheads.org/, or just read the extensive wiki.
Re: Ask HN: I have 1k to invest, what would you recommend?
#131k investment would give you very low returns most of the time. Like $50 in a year.
So you might as well put it into a high risk investment.
Re: Ask HN: I have 1k to invest, what would you recommend?
#14If you want to play it safe and not spend a lot of time deciding where to put it, Wealthfront.
Re: Ask HN: I have 1k to invest, what would you recommend?
#15Ethereum
Re: Ask HN: I have 1k to invest, what would you recommend?
#16Probably invest in yourself.
1) Buy books about programming / machine learning / etc and read them. Add some online courses to get some practical knowledge.
2) Flight ticket & hotel to go to some interesting tech conference and do some networking (this can lead to opportunities later).
3) You could also buy some new hardware for development, if your current gear is getting old and clunky. This also is good long term investment.
Re: Ask HN: I have 1k to invest, what would you recommend?
#17Educate yourself about the stock market, it will take much less money and will help you in the long run... who knows you might even get really interestedly and could change your life... I am building stock trading robots and it really gave me my freedom and the FY money everyone should have to be able to pursue their dreams...
Re: Ask HN: I have 1k to invest, what would you recommend?
#18Earlier quoted context omitted.
"1,000 People Who Own 40 Percent of the [bitcoin] Market" That, right there, is just one problem with Bitcoin, and it's a big one. https://www.bloomberg.com/news/articles/2017-12-08/the-bitco...
How is that any different from US dollars? https://www.theguardian.com/global-development/2017/jan/16/w...
US dollars are mostly invested in financial securities which have hard assets like factories and real estate.
Bitcoins have no hard asset backing them up. They are based on "irrational exuberance".
Re: Ask HN: I have 1k to invest, what would you recommend?
#19Don't invest in either bitcoin or stocks.
If you don't have a emergency savings account I fully agree with itamarst below and invest in a emergency savings account.
If you already have a emergency savings account I personally would use it to either:
1) Invest in myself (e.g. materials for self study, like a Pluralsight account)
2) Invest in goods which improve my quality of life (e.g. a new development box, kitchen peripherals, whatever), or:
3) Invest in bricks (e.g. my house)
Re: Ask HN: I have 1k to invest, what would you recommend?
#20Think more in terms of monthly streams not individual value. Think of dollar cost averaging instead of timing the market.