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Hey /biz! Here's the thing, I have some spare cash at the

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Thread replies: 16
Thread images: 2

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Hey /biz!

Here's the thing, I have some spare cash at the moment, around 5k.

What would be the best way to invest this money and make it grow a bit? (total rookie on financial stuff)

Banks just don't seem the best option to me, since most of them (if not all) have returns at < 1% and/or utter absurd investment conditions...
>>
Invest in the stock market.
>>
Advice from one rookie to another
Banks are just for very low risk and very low return.
For semi-low risk and semi-low return, you can go with a mutual fund with a local broker or do it online (greater return online usually)
For higher risk and higher return, do what the anon above me said.
>>
>>1984210
Stock market seems pretty advanced for a rookie like me.

Why do you suggest stock? Are reading materials you think I should take a look first?
>>
>>1984220
Again, anything related to mutual funds you can point me to?

>>1984210
>>1984220
Thanks both of you BTW!
>>
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>>1984197
Invest in your financial education
>>
>>1984223
buy aaxn stock; bout to be a whole lotta tasing goin on
>>
>>1984236
This list except for Graham books is so fucking freaking shit.
>>
>>1984233
Basically its just you give your money to a broker, he invests in a shitload of different stocks for you. You don't have to do anything but give him your money. But he takes a good chunk out of the return. I think its a good option for rookies like us for while we research how to actually not be retarded with the stock market.
>>
Learning about stock ATM. Thanks guys!
>>
What's the best way to make money without spending or investing anything while at the same doing no work whatsoever?
>>
>>1984210
>invest
>stock market.

90% of us are poor. See what 90% of us do and do the fucking opposite.

5k is great if u have any initiative and want to start automotive detaiking or upholstery. Can breed exotic pets. Build and rent a cuckshed.

Truly passive would be gambling in the market or angel investor for a buddy.

I personally would get 5 molds made for dickfarming.
>>
>>1984220
Banks are actually high risk in the very long term. Aside from a few central banks they're actually founded on vulnerable structure.

If you can't get high yield (15%+) on an annual basis you're better off holding T-bills or cash than putting it in the bank. Banks are good for debit/credit accounts and money transfers, that's about it.

Buy corporate high yield bonds on household name companies if you want some growth with little risk.
>>
>>1984236
I feel this is always solid advice. Until i get my rich dad classes and shitpost from my yacht that is
>>
>>1984254
No... if that cocksucker had any idea wtf he was doing he eouldnt need u
>>
>>1984336
Please dont... either PPM or throw extra cash at options qhen you are rich
Thread posts: 16
Thread images: 2


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