11–20 of 92 posts
Do you have an emergency fund? No? make that your investment!
Do you have 3-6 times your monthly expenses set aside? No? make that your investment!
Still money left? invest in MSCI World oder S&P 500 ETFs and let it sit for a decade or two ... that should net you your 10x growth
Edit: removed the MSCI EM ETF recommendation ... S&P 500 performs better.
Whatever answer you get, make sure you can use your losses to cover some of your tax burden from your wins, otherwise even in the scenario you describe you lose a third or half to the government (depending on how the income is declared and what else you did in those 5 years) and barely come out ahead.
Earlier quoted context omitted.
Username checks out. Personally I think Bitcoin is going to go huge soon, perhaps not as big as it originally was, but it's definitely going to go up a bit - bear in mind I'm no crypto expert, merely a CS student.
Any more info on your thinking? Not looking for a fight, just wondering what makes you say this against a backdrop of near universal negativity. (I say this as someone who has 10 BTC and has pretty much give up on it (I bought it in 2013, IIRC, so I'm still up)).
1k each in:
1. Teladoc $TDOC (telemedicine) 2. Canopy Growth $CGC (weed) 3. Nvidia $NVDA (gaming, crypto) 4. Bitcoin $BTC 5. Adyen (payments)
Macrodrivers: growth in telemedicine/direct to consumer healthcare, eventual worldwide legalization of weed, gaming, mainstream crypto use, ecommerce payments....
Also, wait to see if the S&P can get up and hold steady above $2750. If it can't hold above that mark for a month or so, expect significant drop.
Read up on simple moving averages (sma), relative strength index (rsi), and stochastic rsi indicators. Then read up on golden and death crosses. Follow the readings up with monitoring daily, weekly, and monthly charts.
https://www.investopedia.com/terms/s/sma.asp
https://www.investopedia.com/terms/r/rsi.asp
https://www.investopedia.com/terms/s/stochrsi.asp
https://www.investopedia.com/terms/g/goldencross.asp
https://www.investopedia.com/terms/d/deathcross.asp
Nadaq's site offers a solid chart and indicators at no cost, as does Yahoo and Stock Charts.
https://www.nasdaq.com/symbol/spx/interactive-chart
https://stockcharts.com/h-sc/ui?s=$SPX
https://finance.yahoo.com/quote/%5ESPX/chart?p=%5ESPX#eyJpbn...
Do you have debt? Yes? Pay it off! Do you have an emergency fund? No? make that your investment! Do you have 3-6 times your monthly expenses set aside? No? make that your investment! Still money left? invest in MSCI World oder S&P 500 ETFs and let it sit for a decade or two ... that should net you your 10x growth Edit: removed the MSCI EM ETF recommendation ... S&P 500 performs better.
Do you have debt? Yes? Pay it off! Do you have an emergency fund? No? make that your investment! Do you have 3-6 times your monthly expenses set aside? No? make that your investment! Still money left? invest in MSCI World oder S&P 500 ETFs and let it sit for a decade or two ... that should net you your 10x growth Edit: removed the MSCI EM ETF recommendation ... S&P 500 performs better.
Edit: I didn't account the increase of the value in the stock, saw one that doubled in value, so if someone had invested in it when it opened they would of gotten back twice what they invested, still not necessarily 10x but it's not bad for a safe low risk investment.
Do you have debt? Yes? Pay it off! Do you have an emergency fund? No? make that your investment! Do you have 3-6 times your monthly expenses set aside? No? make that your investment! Still money left? invest in MSCI World oder S&P 500 ETFs and let it sit for a decade or two ... that should net you your 10x growth Edit: removed the MSCI EM ETF recommendation ... S&P 500 performs better.