I'm 21 no debts, 550€ income a month.
My friend keeps praising trading stocks and says its an easy way to make tons of money. You just have to read some books.
Is he right?
Shameless selfbump
no. 80% of daytraders lose money, and even the best fund managers aren't beating the market over a longer period of time, so just put your money in ETFs and watch it grow slowly.
Anyone disagreeing with me has to post proof.
>>1467460
So i just make an bitcoin account store some cash and wait?
>>1467454
well Op except for the age i was in the same situation as you, now trading is a different beast all together. It could go different ways, long term investment where you buy stock and wait for them to appreciate usually couple with dividend paying stock to create passive income, and day trading which is downright gambling and can cost you. However, stock trading is more available to the poor fags like you and me more than ever before so you might as well take advantage.
>>1467462
If you believe in bitcoin you can do so. I suggest buying MSCI World ETF on an online broker of your choice.
Thanks guys
>>1467454
depends what he meant
passive investing, in the long run, is an easy way to make money (though it is better that you're earning a good income and have plenty of disposable income to invest)
active trading/speculation is not easy and is harder still if you attempt to do it intraday - in fact the vast majority of retail traders who attempt that sort of thing will lose money
>>1467491
/biz/ sticky material
>>1467454
>don't invest money you plan to use in the next 3 years.
>invest first 10k in indx ETFs
>anything after start experimenting with stocks.
>maintain big cash account to wait for unique opportunities where you can get stocks cheap.
For example, I made some gainz after Brexit.