What do I do with $5000?

Crazy_Nice
Crazy_Nice

What do I do with $5000?

It's just extra money sitting in a savings account with shit tier interest, losing value with inflation.

Lord_Tryzalot
Lord_Tryzalot

@Crazy_Nice
let it stay

use it as emergency money

MPmaster
MPmaster

Hop on the shitcoin train

happy_sad
happy_sad

@Crazy_Nice
1y gov bonds.
compounding interest is not so bad on them.
pretty liquid too.

5mileys
5mileys

Want 0% risk with about 30-40% yearly gain on that? Buy into crypto curriences. Just let it sit as Bitcoins and don't do anything. And cash out as you feel

Want to make 2, 3 or even more times those 5000$? I'd buy into Trump coin. Today it rose 80%. That's one day. And only because of a live feed of Trump. When he gets elected (most likely happening) coin value will go from 0.08$ atm per Trump to anywhere from 1$ to 10$ or more. You do the math on how much that nets you

Good luck

massdebater
massdebater

@5mileys
Want 0% risk with about 30-40% yearly gain on that? Buy into crypto curriences. Just let it sit as Bitcoins and don't do anything. And cash out as you feel
this is a lie tho the risk is more like 40% lose 40% gain 10% lose all 10% nothing happens.

Snarelure
Snarelure

@massdebater
I don't even understand how people do anything else besides buy and resell Bitcoins. That honestly the most free money I've ever seen.
Here's a simple example:

OP buys 5000$ worth of BTC around the 1st of June, this month
At that time he gets about 11.8BTC for around 425$ each coin
OP waits until around the 16-19th of June
Sees BTC rise to about 640$ per coin
Decides to cash out and nets himself estimated 7550$

How is that not fucking free?

PurpleCharger
PurpleCharger

@Snarelure
lol i bought at 420 and going to sell above 840
but it's not without risks that is a lie nothing is sure about this shit. it's gambling.

Supergrass
Supergrass

@PurpleCharger
basically my prediction was that bitcoin price will rise as halvening nears because of massive false expectations and misunderstanding. after it the expectations will be disappointed price plummets as every moron speculator tries to cash out desperately and then in panic.

it was a relatively safe bet but i wouldn't dare hold it till the halvening nobody can tell what will happen after.

Spamalot
Spamalot

MGT

farquit
farquit

@PurpleCharger
"gambling"
all investing involves risks, even mutual funds
just because something has risk does not mean it is gambling (where you have a less than 50% probability of making money based on pure chance)

takes2long
takes2long

Max out your roth ira for the year if american or buy more guns

w8t4u
w8t4u

@Supergrass
why would the halvening not make the price go up..?
demand for bitcoin will continue to increase regardless, and the price will go up at a faster rate now..u

askme
askme

@farquit
i was commenting on the "free" bullshit.
the reward for taking risk with your capital is interest pr profit. no free soup anons. if something pays very well you can be sure it's very very risky.

Poker_Star
Poker_Star

@w8t4u
demand for bitcoin will continue to increase regardless, and the price will go up at a faster rate now.
wrong. in my opinion after the halvening supply will not decrease but increase (like i said simply because the nature mindset and lack of understanding of the speculators involved). the newly minted bitcoins are insignificant part of the supply already.
when investors speculate on increase but there is actually a small dip they sell they try to cut their losses get cold feet and sell as they sell they put downward pressure on bitcoin expectations suddenly change and others feel forced to sell. it has happened a billion times before it will happen now too i think.
that is why i will sell before this shit happens because nobody will want to buy.

Nude_Bikergirl
Nude_Bikergirl

@Crazy_Nice
Download robinhood and dump into MGT when the market opens, thanks senpai

massdebater
massdebater

@Crazy_Nice
I started my stock trading with C$2,800.

It's now at C$3,677 after two months.

I'd like to thank Bombardier, Galaxy Resources ( by extension /biz/), and ORT for the sweet gains.

I'd also like to curse myself for buying into a pair of oil companies that lost value and we're never climbing back (they went defunct and we're delisted, the pay out was very low), which ended up setting me back C$600 on the rocket ride.

Gigastrength
Gigastrength

Canada I'm buying OGI, APH, NPI and a bank index.

New_Cliche
New_Cliche

I started with 5k two weeks ago. I just trade vanguard etf. Up 1.8% so far, lets see if i can do 5% by October. Been making like 2 trades a week

askme
askme

@New_Cliche
should be 5 percent max 2 weeks, look into stocks like GXY, TNG & VRL and a few other resource/mining that are volatile if you have the time to analyze them

TreeEater
TreeEater

@Crazy_Nice

Well municipal bonds are a safe bet unless you live in an area where there is a chance the city or state government would declare bankruptcy.

StonedTime
StonedTime

@askme
Nope, not gonna trade individual stocks.

ZeroReborn
ZeroReborn

@Crazy_Nice
roth IRA

MPmaster
MPmaster

@Crazy_Nice
I had 5k, then I put it all in a penny stock that subsequently lost 70% of its value. Oh well.

cum2soon
cum2soon

If you want it to stay safe with a little more interest build a CD ladder.. If you want a little more interest than a CD ladder but a little higher risk build a bond ladder.. If you want a little .ore risk than a bond ladder go with a fixed income etc portfolio.. If you want higher risk than that build up a stock portfolio

w8t4u
w8t4u

@MPmaster
literal cuck

likme
likme

The presence of mad nocoiners is strong ITT.

hairygrape
hairygrape

@Poker_Star
You'll miss on tickets to the next ATH by trying to be a smartass. Nobody can play the market. Buy and hold long term to win.

TreeEater
TreeEater

@hairygrape
Nobody can play the market.
i have done it several times before i will take my chances.

BinaryMan
BinaryMan

@Crazy_Nice
$5000? damn you're rich

go put a down payment on a truck bruh

JunkTop
JunkTop

@hairygrape
buy and hold
buy and hold
buy and hold
You regurtitate this bullshit in every thread. If history has shown us anything it is that nothing goes up forever. Thinking that it will is what made some idiots buy at $1200 at the last ATH. Even you cant deny they got BTFO.

Ignoramus
Ignoramus

all into sia - thank me on monday

Dreamworx
Dreamworx

@Crazy_Nice
She looks like she's pooping.

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