I've inherited this over the past couple years, I'm 21. I feel like I've been given a huge opportunity with this money, that most people are never given. And I just have it sitting in various mutual and index funds...
I'm a geological engineering student, Canada obviously. Should I feel bad that all I'm doing with it is sitting it in safe things?
would you agree to make me a small loan of 5000$ ?
its for a new truck for my lawncare company.
>>1612898
i'm op's lawyer. will you suck his dick 5000 times for the loan?
>>1612878
if you want you could take maybe 10% of that out to invest in things yourself, but no with that amount of money being safe with it is your best bet
>>1612878
buy WAVES
>>1612878
You're in a very good position. If you are set on investing, invest a small chunk. Play around with say 10k. But other than that, I'd say leave it in the bank. Emergencies, tuition, living expenses. If you don't find a job right away after you graduate you have something to fall back on while you job search. Definitely just play it safe.
>>1612878
Not bad at all anon. You could take the risk and try smth for yourself but then again, you are still 21.
Got a contact in Switzerland from an asset management company. Low risk investment, 8-10% interest rate. Let your money literally generate more money. Let me know if you want me to link you
>>1612972
>>low risk investment
>>8-10%
>>post 2008 times
lol
put 10k on bitcoin and monero
put 10k on gold and silver
put 10k on stocks. not hyped. i propose biotech/biomedical
let the rest sit
>>1613923
>let the rest sit
for what fucking purpose
>>1614042
for tuition, living expenses, incredible investment opportunities, a house maybe, beer, guns, open a porn shop, id invest 25k in silver and gold and maybe 2-3k in a solid safe.
>>1614053
>invest 25k in silver and gold
>>1612878
If you choose to pick stocks:
Have an emergency fund (some months salary equivalent).
Don't buy all at once.
Go for the tried and safe; avoid shit lile fucking biotech, that's bingo.
Buy stocks that generate a stable cash flow.
>>1612878
Work on your career or start a business.
Index funds and forget about it.
>>1614053
Gold isnt an investment. It does not naturally appreciate or generate cash flow for the buyer
Its a contrarian hedge, at best.
>>1612878
>Should I feel bad that all I'm doing with it is sitting it in safe things?
No. You're doing the right thing. Make sure you have adequate diversification and some cash for emergencies/immediate expenses.
Take your money and buy a few income producing properties, or else put it in index funds.
If you start trading options you're fucked.