Can you guys give me a ranking of investment options from more risk more profitable to less risk but less profitable?
Some ideas
low risk - savings account/CD/GIC
average risk - index funds
slightly higher - leveraged real estate
higher yet - starting a business
even higher - stock trading / forex
super-high - roulette on red/black, odd/even
insane risk - lottery
I would definitely throw out there that investing in a stable money market mutual fund is a lot better than having a savings account. There is a small degree of list in case of a stock market crash, but the return rate is way higher than most savings accounts.
Putting your money in a savings account / checking account is usually pretty dumb because the interest rate is so low that the money either loses value from inflation / cost of living / taxes or remains the same at best.
Also, an IRA is a wonderful investment, but mots people don't want to do it because they don't have the discipline to save that long. The cool thing about most IRAs is that they are tax sheltered (which means you can do trading through them and not pay taxes) and you can use them as a down payment on a house without penalty.
>>1664131
This is my last time being your personal Google. Next time go ask AskReddit retarded questions you can Google.
>>1664145
>lottery tickets are investments now
>spending $1 a week on a lottery ticket
>insane risk
Just went full retard
>>1664162
thanks bro.
I'm going to save it on my google drive now.
>>1664162
that image a good starting point
options (short position)/futures will always be at the top since they're leveraged with potential for unlimited loss
somewhere inbetween on that picture in the following order:
shitcoins
forex
bitcoin
commercial real estate
index funds
residential real estate
physical gold
savings account
>>1664186
how do I hire a forex broker bro?
All that google info is too confusing, how much can I start with in forex?
>>1664192
consensus seems to be that it's very twitchy and takes a long time to get good enough to make money.
>>1654353
>>1654187
and why would you jump straight to the top end of the risk ranking? you're obviously not experienced in financial matters if you even have to ask the question in OP.
>how much can I start with in forex?
whatever you can stomach to lose. never invest money you need, be it forex or otherwise. only invest money you have to spare.