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  1. #1
    CzechOne's Avatar
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    Introduction to finance

    I make around 18k$~ a year and I've been thinking about how i could save and invest some of my money


    if i would be a bit more frugal i could save $400 a month, but i don't know where the best place to keep it is, I've looked into hedge funds but i'm afraid of a market crash, i really don't know allot about finance so i'm wondering how some of you guys would and have invested/saved money

    I've put $50 here just to try to understand securities better and here's a company that I've been thinking about buying shares in
    Last edited by CzechOne; 01-01-2021 at 11:59 AM.

  2. #2
    Time's Avatar
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    buy low sell high = profit vro

  3. #3
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    Very safe stocks that usually go up by at least 10% a year ( Apple, Amazon, Nvidia )

  4. #4
    Dave84311's Avatar
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    save ur money up til bitcoin falls down to 3k a btc and leave it there until it goes back up to 10k

    vrofit





    THE EYE OF AN ADMINISTRATOR IS UPON YOU. ANY WRONG YOU DO IM GONNA SEE, WHEN YOU'RE ON MPGH, LOOK BEHIND YOU, 'CAUSE THATS WHERE IM GONNA BE


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  5. #5
    Bernard's Avatar
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    S&P 500 or some other diversified port. Give it 40-50 years.
    Rep. Power: 123

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    Send it to me and you'll have guaranteed profit after years
     
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  7. #7
    arunforce's Avatar
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    Save up, and start buying into the S&P500 (safe) or go for tech or crypto for more riskier returns.

    The market is due to for a correction so keep your money ready.



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  8. #8
    Allura's Avatar
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    Quote Originally Posted by Dave84311 View Post
    save ur money up til bitcoin falls down to 3k a btc and leave it there until it goes back up to 10k

    vrofit
    Even though bitcoin is a pump and dump game, $3k? No way. Maybe $9k. and goes back up to $15k
    I barely use MPGH IM, Send me a private message to reach me faster!
    Also I currently don't sell anything!



     
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  9. #9
    Dave84311's Avatar
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    Quote Originally Posted by Allura View Post
    Even though bitcoin is a pump and dump game, $3k? No way. Maybe $9k. and goes back up to $15k
    sure if it sits long enough who knows

    right now its huge pump and eventually will come the dump

    when dump occurs bag holders lose trust

    there will be bag holders and loss of trust in btc

    BETRAYAL





    THE EYE OF AN ADMINISTRATOR IS UPON YOU. ANY WRONG YOU DO IM GONNA SEE, WHEN YOU'RE ON MPGH, LOOK BEHIND YOU, 'CAUSE THATS WHERE IM GONNA BE


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  10. #10
    Eternity's Avatar
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    Do you think MPGH is really the best place to ask this? I would suggest a few good books and youtube videos. Reading is very important for this sort of thing. Another important thing is going BALLS FUCKING DEEP into it. Since all the reading in the world won't prepare you for the psychological aspect of investing.

    Also index funds = slow retirement and low risk (currently 20 percent of my investment)
    And Individual Picks = faster retirement and medium risk (currently 80 percent of my investment)
    Lastly Day/swing trading WITH margin = MOON retirement and high risk (I wouldn't recommend)

    Don't do options.... Buy bitcoin after the next crash (for long term holding)


    - - - Updated - - -

    I still wouldn't personally mess with bitcoin. I don't know if this is the cognitive dissonance within me but I still feel its too risky and hard to understand. Coming around to it but idk....seems very YOLO type of move.


    - - - Updated - - -

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  11. #11
    PacksService's Avatar
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    Cycles on crypto bro. Get intrested about that.

  12. #12
    StephanieDola's Avatar
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    Tbh I really think crypto has long term potential like bitcoin priced at 500k a piece

  13. #13
    I love myself
    나도 너를 사랑해

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    Jhem's Avatar
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    Do you wanna invest to me?. I've been working on this game called Ran Mobile, It's a mobile version of Ran Online, as a filipino, i'm sure you already know this game. I have hired an expert freelancer who can help me with the models and animations. It's going well last year, but there's some stuck witht the math formula or something this year.

  14. #14
    boy's Avatar
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    Quote Originally Posted by CzechOne View Post
    I've looked into hedge funds but i'm afraid of a market crash,
    Personally I was 100% growth stocks but I've chipped them off largely after december, now im 60% stocks 40% etf's. do your own DD (research) see what you like and be reasonable about its growth-potential and time horizons.

    A correction IS DUE. many opinions, even those of the biggest Bulls are saying this year will be the year. but doing nothing is worse than just being in it already, stick to ETF's and Indexes for now and then once you got a couple under your belt feel free to look into their highest weights, or do your own search for companies, i'll give some good reference points that have been doing good for me;

    ETF's: ARKG, ARKQ, ARKK

    Stocks: AppHarvest (NOVS soon to be APPH), Affirm (AFRM), Compass Pathways (CMPS), and Beyond Meat (BYND) are great companies to practice your DD on


    Personally; I like companies that still have a long way to go (the earlier you get in the better) so you get a really nice price, many of the companies I mentioned above won't be super big or popular for a few more years

  15. #15
    KoolBoy101's Avatar
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    Buy spy its an S&P tracker its one of the best stocks in the world

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