When I was 21 my parents offered to buy me a car or give me cash as a reward for getting a 1st in Chemistry (US expat living in London), I have no interest in cars or driving so I picked cash, they gave me 25000 USD (before people accuse me of being a 1%er we're actually middle class I'm just an only child with generous retired parents). I partied with it for about 5-6 months then got around to investing it (also lost time finding a decent brokerage firm and getting verified blah blah blah), I was always huge on finance so I made careful choices of firms who's revenue, dividend, and growth history I liked and made sure to build my portfolio on: Weapons, Engineering, Entertainment, Food, Tech. Basically what I believe the safest investments you can make in America, so with the remaining 21k I had I ended up in Feb with:
20 shares of AMZN 20 shares of LMT 50 shares of DIS 100 shares of NFLX 100 shares of SWHC 25 shares of PEP
All well establish companies with market caps in the billions, none of them gimmicky newfangled shit. Those shares today are worth 39919 once you include dividends. In Feb 2016, after all my cautious growth I decided to take a speculative investment, because of my background in Chemistry I knew I wanted to invest in Lithium, (my dissertation was even on the applications of Lanthanides in electrolytes for Lithium ion batteries), I didn't want to invest in third world countries because they're too corrupt for my liking so I went with Australia. I bought 100,000 shares of GXY in Feb for 14000 AUD, this appealed to me especially because 14000 AUD was half my profit from 2014-2016 so I knew if I lost it all I'd still have profited overall. My total net liquidation today is 60918 USD.
My question is why is Veeky Forums constantly recommending meme-y investments like cryptocurrencies or tiny pharmaceuticals or random IPOs, instead of focusing on safer S&P 500 companies with proven track records? Are you really that concerned with high-risk quick money?
Robert Nelson
because Veeky Forums is not a very smart board, and the majority of people on Veeky Forums are not very good at making sound life decisions.
Chase Wright
Because it's containment for them.
Lucas Rodriguez
This guy really hits the nail on its head.
I remember a few weeks back when those cucks where trying to promote some kind of autistico fagget with this new coin system with apps and all.
Shits gay af.
Chase Perez
That's quite sad though because most other Veeky Forums boards, as autistic as they are, can be reasonably knowledgeable about their subject (except Veeky Forums and /mu/) but biz is literally just full of meme-kids trying to use some app on their phone to buy and sell $200 worth of some penny stock or cryptocoin to then post online about their "80% profit" that amounts to basically winning a bet 1/10 times worth 160 dollars. This is one of the few instances where "plebbit" (r/finance) seems to know more about their shit than 4channers.
Nolan Brooks
I like to gamble. No mommy daddy free shit here. All american. Moved out at 16. 26 now, worked hard and own my own small house outright. Only a small amount of $$ to play with right now. In 10 years I'd rather be able to look back and say I got into a startup in its infancy than say I followed the big money anyways.
Have fun banging your boyfriend in the same flat as your ancestors faggot, don't come back.
Gavin Carter
It's because they're all edgy broke niggers trying to get rich quick and pretend they know what they're doing.
Josiah Long
If you're talking about LISK, all ICO investors made at least 200% ROI at the lowest it went.
If they sold right now they'd make 1000%.
Nathaniel Miller
% ROI, yet the biggest margin of profit I've heard of on LISK has been some guy who made like 3k. Because even if it was a ROI of 200% you wouldn't risk 30-50k or even 100k on LISK (unless you're so rich you can afford to lose that much), whereas investing in steadily growing companies with market cap in the billions make it safe to invest 50-100% of all your savings. I myself bought 100 Ethereum coins, but if you think I'd put the entirety of my 60k life saving into another cryptocurrency IPO I'd rather keep in AMZN or even PFZ.
>99% of startups fail.
Enjoy spending your whole life scraping together to own a house. And it isn't the same flat as my ancestors, I live in a newly built flat that's 5 years old with a private lift and porter, from which I can walk to wherever I need. As for "no mommy dadd free shit" you do realise at some point in your life your parents paid for you right? I don't get this ridiculous stigma with getting cash from your parents, it's ok for you to be breast fed, dressed, taken care of medically, have free food and board, free transportation, educational expenses paid for, all up until you're 16 (or 18 in most cases), but the minute they provide me with 25k in cash, which I turned into 61k in two years, suddenly all my achievements are null and void?
Stay jealous m8.
Ian Flores
Also nice job owning a tiny house in some flyover state shithole, here's my monthly bank spending.
