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
general
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Wednesday, May 11, 2022
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
I've not played with it yet
yeah, I don't have a scheme for that yet
I'll come up with one
Robinhood is nice because you can swap money between stocks/crypto easily
and if you want to just play it safe after you sell your crypto, you can just dump it into SPY (S&P 500 Index fund)
Regi's right that they'll fuck you with taxes though
but hey, maybe that's what you wanted
I'm going to go eat lunch now, but I hope you don't lose all your money Polu
and trust me, whatever financial decisions you make will be wrong, and you will regret them or doubt yourself from now until you die
