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I have 14k in the bank How do I make that into 100k? I've

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I have 14k in the bank

How do I make that into 100k?

I've been looking into Forex trading but was told it's a waste of time unless you have at least 30-50k starting budget
>>
>>1504973
Please don't get into forex... just put that into your IRA or something.
>>
>>1504974
>An IRA
and when I'm 94 years old I'll have enough to live a whole year off of taking inflation into account
>>
>>1504973
buy bitcoin. I bought bitcoin earlier this year and doubled my money
>>
>>1504983
Ok, carry on with your get rich quick scheme I guess. I tried.
>>
>>1504973
kneepads, lipstick, possibly a dress
>>
>>1504994
>Tried
>Recommending IRA
>Not saying whether it's traditional or Roth
>Recommending IRA
If you have a company that matches invest up to the match amount otherwise almost entirely worthless for the individual, unless you want to leave money for your children

>>1504992
I'm still kicking myself for not buying them back in 08, but aiming for something more tangible and reassuring
>>
>>1505029
I have roughly 20k in IRA, ETFs, Indexes and all that nonsence. You will be a corpse before you double your money. Its a mathematical certainty.

I have made better gains in buying and trading BTC and other coins. doubling and sometimes even tripling my money.

>but aiming for something more tangible
Maybe gold?, its pretty tangible, but abysmal returns
>>
>>1505070
>I have roughly 20k in IRA, ETFs, Indexes and all that nonsence. You will be a corpse before you double your money. Its a mathematical certainty.
Go ahead and show the math.
Because at a 6% annual interest rate, you'll double your money in 12 years.
>>
>>1505090
>12 years

I might as well be dead by then
>>
>>1505029
>company that matches
>INDIVIDUAL Retirement Account

God you are dumb
>>
>>1505116
Companies have 401k plans and tend to match 4-5%, you can roll a 401k over to an IRA
>>
keep doing what you did to get the 14k?
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>>1505134
>Not taking advantage of both 401k and IRA
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>>1505137
It'll take 3 years @90k a year after expenses and taxes leaves me with around 25-40k a year which haven't been saving but supporting family up until now, but they're good to go so now I have time to gamble and WIN win big at that. Just need a good front facing start
>>
>>1505140
For what purpose would I use both(either at that) when trying to make money quick on an individual level ?
>>
Anyone have experience with peer to peer lending?
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>>1504973
Shouldn't do just one thing with it, save some of it in passive investments, and risk some of it if you want to get into trading.
>>
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>>1505149
>I have time to gamble and WIN win big
>>
>>1505254
I'm going to win like you've never seen before. I just need to decide on which game to play
>>
>>1505257
peer to peer perform similar to indexes at 5% to 12% depending on the loan risk you lend to.

Its not bad, but not the safest low-yield option.
>>
>>1504973
invest 100$ into shitcoins and do whatever your parents tell you to with the rest. do not invest more. try to get one bitcoin with those 100$. then try to get 10 bitcoin. have fun and stop asking strangers on the internet for advice because they're going to fool you, young man.
>>
>>1505262
I'll try to look into it more

>>1505268
But strangers give the best advice especially the Nigers
>>
>>1505262
some corporate bonds are paying that out. you've got much more chance there of seeing a return if shit goes tits up
Thread posts: 24
Thread images: 2


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