Hello,looking for advice

RocknR0IIa · 2020-07-06T12:17:50+00:00

Saving and investing is more a habit than a decision. Try saving, but if you I vest, start with something small and safe.

Learn about retail investing and go for shooting stocks. Small pay, big payoff.

Soyhateno · 2020-07-06T13:05:36+00:00

Bello vedere un giovane MGTOW italiano comunque, ho 20 e le cose vanno sempre più di merda, l'ipergamia e il zerbinismo sono al ordine del giorno

Ody_ssey · 2020-07-06T14:06:39+00:00

Invest money in real estate. Buy and rent apartments. You have to earn more to buy an apartment.

guacamol678 · 2020-07-06T18:47:15+00:00

The intelligent investor is a good investment book and so is security analysis.

TigerKingSequel · 2020-07-06T20:27:16+00:00

Intelligent Investor by Graham is a must for anyone thinking becoming an investor

Also: Peter Lynch- One Up On Wall Street

A helpful podcast is: We Study Billionaires (start with the first episode)

A good stock: Delta is trading much lower than its fair value and could double or even triple in 6 mo- year once Covid blows over/or a vaccine becomes available

Massgumption · 2020-07-06T17:51:51+00:00

Today? I think I'd get some Aston Martin shares on Trading 212 and leave for 3/4 years.

If you want to go safer (but less returns) Lloyds Banking Group will double in 2/3 years time as the UK economy and Brexit blow over... we're in a bit of a 10 yr slump at the moment, yeah of course we could crash even more but more likely to rebound.

Still do your own research regardless.

Stalwart88 · 2020-07-06T17:58:36+00:00

Get a motorcycle license

111010111010111 · 2020-07-06T20:37:09+00:00

OP, i suggest opening a Vanguard brokerage account. Use this account as a "core" / safe long term savings account essentially. In this account, only buy Vanguard index funds. As an example, you could just buy Vanguard's Total Stock Market Index fund and that could be your only equity (stocks) fund in your account. You could also buy Vanguard's Total Bond Index fund, but only have 5-10% or 0 of your money in bonds. They say buy your age in bonds, so if you are 20, you would own 20% bonds and 80% stocks, and when you are 50 it would be 50% bonds and 50% stocks, but this would be a conservative low risk approach. Given that medicinine and healthcare is advancing, people will live longer over time, so you could afford to be more aggressive for longer when you are young, and become more conservative later. this is to take advantage of bigger growth potential. I dont know what type of retirement accounts they have in Italy, but if you have access to things like a roth ira and 401k, contribute to those as well. But if you only can open a brokerage account, make sure you add weekly or monthly to it, to take advantage of whats know as dollar cost averaging. if some of these terms are foreign or you dont know what they mean, google them, because explaining it in total would be a very long comment lol. but this should point you in the right direction. This is what i would do first, because its the easiest, lowest effort and quickest to start now. once you have your core holdings / account situated, then look into more complex and higher risk or things that require more knowledge and skill, such as buying and managing rentals, picking individual stocks / trading, or starting businesses. do the easy thing first (i.e. reitrement accounts, index funds) to guarantee you can at least retire eventually. dont fall for the wallstbets type mentality of yahts or broke think (this refers to get rich quick ideas, high risk investments, avoid these initially, and if you do them, only allocate a small percentage of your total portfolio to them, say 5% or less. You should not risk or gamble your entire savings or more than you can afford to lose, say your home), its better to guarantee your success is secured safely, and then allow some experimental bets to see how you do, with higher risk things, that could be good, but not guaranteed. also, you could ask your question in different subs, like r/personalfinance and r/investing to get more opinions, considering those subs are dedicated to investing and not all mgtows are as savy in it. but investing should be easy, passive, and only require maybe 1 to 2 hours of work per year. There are passive investors, people who buy index funds, and then active investors who buy individual equities/stocks for long term holding. I suggest starting out as a passive investor for the long term, which is why i mentioned to start at a place like Vanguard, because passive investing requires no real investing knowledge or skill and almost 0 work/effort.

MrGordija · 2020-07-06T23:53:26+00:00

Hey, cheers from a Italian descendent from Brazil! Hope one day to visit your beautifull country

It's kinda hard to point an exact investment option. Country/cultural differences, reality disparities, etc... What may work for me might not work for you and vice versa

What I can say though, about any investment, is that the earlier you get started the better. When I started studying about investment options, took me 2 years to actually get started and I lost some opportunities because of it. I tried to be the most prepared, when I could've gone for something small and safe to get some money rolling before actually moving to bigger and riskier options.

So that is what I could recommend. Start with something small and safe, with high liquidity, while you study about it. Then, move to investments with risks that you are comfortable with.

Best regards and keep rocking the MGTOW lifestyle.

sufficientstuffup · 2020-07-06T23:58:47+00:00

This book gave me basic market knowledge in the beginning. It is old but a good.

www.pdfdrive.com/stan-weinsteins-secrets-for-profiting-in-bull-and-bear-markets-e157799944.html

Title	Hello,looking for advice
Author	xzxdiablo
Upvotes	50
Comments	23
Date	July 6, 2020 12:03 PM UTC (6 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/hm6dqk/hellolooking_for_advice/
Archive Link	https://theredarchive.com/r/MGTOW/hellolooking-for-advice.705621 https://theredarchive.com/post/705621

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