I have a little over 5K saved and I'm thinking about investment opportunities. I currently work a job that pays a little 30K a year. I don't have any major expenses and I have almost no debt so it has been relatively easy to save up this money in a short period of time. I've considered just dumping the money into a Roth IRA but I've had a lot of luck reselling toys and collectibles in the past so I was thinking about maybe just buying a ton of stuff and sitting on it for a higher ROI.
TLDR Version: How would you guys invest 5000 dollars?
Pay off the debts, then save up 6 months of expenses in an emergency fund, then save up 20% for a housing fund (house prices will crash like a motherfucker in 10-15 years when the target market is broke millenials), then start investing.
You're a decade away from being able to invest.
>Find something cheap from Alibaba
> should be something that costs you 10-15% if what you can sell it for on Amazon, ebay, etc.
> should be able to sell for $20-50/ea
> buy a few hundred or thousand
> sell, make profit
> take the profit you have after recovering initial costs, reinvest 90% and do it again
> diversify, offer more products
> add coupons, products, promotions, etc to boost sales
> get my suppliers to drop ship, handle the shipping for me
>Now I have an online business making a bunch of cash that is mostly handled by my Chinese supplier
>also have a four hour work week that can be done from a laptop anywhere
> travel the world, fucking women without a condom in every country imaginable to leave my seed spread across the world
> expand, buy a few local politicians in forever country I live in
> get money get bitches get power