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So I realized I am just kinda sitting on 50,000 dollars. I want to invest in a way that I can get some good passive income as well as be able to cash out if need be. I need some advice /biz/ because I have literally no experience with investing. I'm not looking on a huge return, but something at least semi-worth it. [spoiler]I assume 500$ a month passive income is WAY too much to ask[/spoiler]
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>>2891020
Shiet. With $50k in BTC you can lend it out at 0.07% and make $1k a month.
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>>2891077
>Keeping 50k on exchange
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>>2891092
Tell that to all the "idiots" who keep up to 500 BTC on Moroniex.
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>>2891077
I have no idea what this means.
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>>2891364
1. Buy BTC worth $50k. Preferably when it dips soon, but it isn't necessary. BTC's price will keep growing exponentially so you'll be making more and more from loaning out in the future.
2. Send your BTC to an exchange called Poloniex. They have the best loan rates, usually around the 0.09% range.
3. Loan out your BTC for 30 days and make passive income.
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>>2891433
I'm honestly nervous of crypto currency. Also .09% would only be like 45$ wouldn't it?
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>>2891481
A day.
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>>2891481
Yes, but they calculate return by day, not month or year (from what i understand). So lets say .07% of $50000 is $35 x 30, would be $1050 a month.
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Get a Roth IRA. Understand every word of the funds you invest in and how to use and maximize it.
Read "The intelligent investor".
Until there is no Jew.
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