So, I need educating Veeky Forums. I want to start being more financially responsible and build a future for myself, as right now I have practically nothing. I'm not aiming to get rich, just comfortable, perhaps in my own home as the end goal. The catch is I'm unwell to the point of being housebound and have been most of my life, and it's unlikely to change according to my doctor.
So, my 'plan' is to first put what little money I can put aside into gold, so it at least holds its value and can provide a safety net if I ever got into dire straights. Is there anywhere I can learn the basics of buying and selling, and the theory beyond 'Ug. Gold hold value'?
I'll likely also start with shares and such, as I have been told by a family member they will be giving me several thousand to do as I want with. But I'll deal with that later.
>so it at least holds its value and can provide a safety net the value of gold isn't constant, obviously. it might go up or down 20% this year alone. try government bonds if you're really just looking for something that 'holds its value'
Jacob Ramirez
Being able to put it in a safe under my bed is pretty much worth a potential drop. I live in a neighborhood you can accidentally leave your car door unlocked and your satnav will still be there in the morning, so I'm in a pretty good place to keep my stuff at home, as long as I keep it's existence pretty quiet. It also helps that if everything crashes and burns, I'll still have something for when things start getting back to normal.
That said, thank you, I'll at least look into those.
Looking at my family assets, the most I'll ever be 'worth' is somewhere between £60-100k, and that's with two separate inheritances that could come decades apart. The NHS is crumbling and I doubt there will be a benefits system to prop up the genuinely ill in a decade. I'm hoping to fight a rather grim destiny with a headstart and lots of boredom time in my sickbed.
Elijah Morgan
best of luck dude. because you'll want a quite conservative portfolio, diversification in different asset classes with yearly rebalancing is important. here is a decent article about it: investopedia.com/articles/04/031704.asp
Jayden Fisher
royalmintbullion.com
buy sovereigns or britannias, they have no CGT or VAT, which is what you want.
Gold is a good store of value, and a good speculation right now. There is rampant money printing in the world, currencies have nowhere to go but down. When the sheep wake up to this money printing without end, there will be a panic into gold.
What the other user said about bonds is bad advice, the yeald on bonds is low, and the pound is devaluing quicker that the government admits in it's CPI figure. You will loose in real terms with bonds.
You are correct to plan for a future with no NHS and government welfare.
you're welcome, and good luck.
Eli Cruz
I agree with this user.
Shares wise I would consider "safe bets" on companies doing things that will always be in demand.
Minerl extraction, blue chips like Johnson and Johnson etc
Xavier James
>Gold >2017
Julian Hall
gold is about to fucking crash, idiot.
Juan Wilson
Start aiming for being rich now! If you just aim fot being confortable, you will never be more than confortable. >but i don't want to follow a dream i don't believe can happen If you aim for the stars, chances are that you at least hit the moon. (It is working perfectly to me)
Jack Hill
>YEAH BRUH GO ALL IN! BITCOIN, JNUG AND DRYS!! It's really irresponsible to suggest gambling to an user who might need his money to pay for his medical bills.
