general
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Wednesday, May 11, 2022
Safest is to stick it all in a 401k
Next is a Roth IRA
Next is a trad IRA
Then you dollar cost average into index funds
then you'd invest in the stock market
then you'd invest in crypto
then you'd buy options
it also depends, when you want to pull your money out eventually
Invest in gamestop
it is going to the moon
any day now
if you want your money to sit there until you retire, there's all sorts of IRA tricks and schemes you can do
index funds are the best advice for growth while controlling your funds and being able to withdraw if you want to
car, house, retire before 70, w/e
Stocks and crypto are both low enough to be pretty safe buys rn, imo
and then options, margin trading, and everything else you need a good scheme for
Step 1, be a millionaire
Ask dolf to hook you up with his jewish billionaire
Binance.us and Crypto.com are my two favorite US ones
There are a lot more to look at though
Regi prob has some better ones
I don't think there is any "smart investing" anymore
I use Robbinhood too, just be careful with crypto, because they default to weird rates
robinhood for stocks is the best imo
all the other apps suck
Webull can die in a hole
and all the trad services like Fidelity or Vanguard are for boomers
But really, if you want to max out your 401k, dump the federal maximum into a Roth IRA, and they put the rest in index funds
that's the most financially sound way to "make money"
even though you're not really making money you can do anything with
it's all paper
I don't want to retire at 70
and want to buy a house
actually, I take it all back
step 0
is if you can invest capital to make capital
do that
like Reggie was
with crpyto though, general advice is to not be a long hauler/ bag holder
if you're getting in now, with BTC ~30k and Eth ~2k
if BTC spikes and hits 50k this Summer, sell with no remorse
don't wait for new all-time highs
(and sure as fuck don't pay taxes on it)
yeah, and fuck them
though, if you want to sell at a loss
use Robinhood
because then it's easy to claim
to offset gains
idk how Robinhood handles crypto transfers
