Hey /biz/ what's the best way to earn money investing starting

Honestly, it depends on how accessible you need your money to be and how much risk you're willing to take and if you're willing to lose all your money for the chance to get more of it.

What kind of money are we talking about here? Throw-away money? Gambling money? Your savings? Food/rent money?

Start at the bottom. If you don't have food/rent money, get food and rent money. You need that. You can't invest it cause you live on it. Next.

If you don't have savings, get savings. This is your emergency fund. You don't spend it unless you become homeless and lose access to your food/rent money temporarily. Got it? No spending. You need this money to be highly accessible and have no risk. So put it in either a money market fund with your principal guaranteed or your savings account. Your interest on this might be 1%. It doesn't matter. Gold is too inaccessible for this. So do that.

When you have those under control, you can move into investing. Everything after this point is your "portfolio," and you have to decide how much risk you're willing to allocate to what percentage of your portfolio.

So how much risk do you want? Obviously the most risky thing you can do is just flat out gambling, though I'd say Predictit will give you some easy political bets that you're sure to win if you do it right so that's easy money. If you want to risk the whole thing on something just short of gambling, go do crypto, even low market volume crypto if you're really looking for volatility. So that's super risky.

Moving a step down from that is stocks. Penny stocks are going to be the most risky, like crypto, and then from there you can move into regular stocks and even more sturdy blue chip company stocks. This is a normal, good amount of risk to get comfortable with if you want to invest. Not bad at all.

Getting even safer, you can check out ETFs, closed ended funds, mortgage-backed securities.

A step below that is mutual funds.

>>1933428
Thank you for your time

>>1933428
I should mention that now getting even lower on risk than mutual funds, but with less reward, is bonds and fixed income annuities.

And finally, below all that is money market funds. Money market funds have such little risk that they would be acceptable to put your emergency money in, but perhaps not all of it. These will give you terrible returns but your money will be safe.

So basically my opinion is you should handle the food/rent money followed by emergency fund first and get that squared away. Then divide up your portfolio based on how much risk you want to accept. Young people typically take and are advised to take more risks, so a professionally recommended portfolio for a young person will have mostly stocks (and if you're really want, cryptocoins), while someone who is much, much older and about to retire won't want to take that kind of risk and will go more into bonds and fixed income, etc., so they earn less but with less risk.

If you choose to go with stocks, or anything else, learn how to value stocks by reading about them, how to analyze charts if you want to trade crypto, and always be reading the news and keeping up to date with an industry you want to invest in for obvious reasons.

I want to mention that there are other methods as well:

Forex - Foreign Exchange trading: this is risky, up there on the risk scale with penny stocks and crypto
Options Trading - This takes some skill but when you get good at it you can make a lot of money. I'd put this as being about as risky as the stocks. This will take some time to learn on your part if you intend to trade options.

You could also invest in a business if you know of one you want to get involved with and have the money. You could also invest in real estate and possibly make big money but again lots of work.
There's lots of options out there with varying risk so I hope you can take some of the ones I've thrown around here and do your own research to learn about them.

>>1933428
>>1933485
Anon, I suggest you make a simple website that provides novices like OP with a comprehensive intro into subject matter and offers different roadmaps for different audiences, of course with relevant ads sprinkled in between
your text reads well, at least to a non-native speaker like myself

>>1933376
Get as many jobs as you can, and work hard