Investing.

Do you guys do it? Stocks, Forex, Bonds, Bullion?

I personally buy a lot of silver and gold when I have some extra cash. It looks pretty and keeps me from spending cash because nowhere accepts silver. I've also been looking into some forex trading, I have a friend who has made decent money from doing it correctly.

 

Just curious, where do you usually buy your gold/silver?

 

I have a local coin shop that I go to.. They usually sell for 10-50 cents over spot (depends how much you buy) , which is an amazing price in my opinion.

 

I hear Forex is an interesting route to go. I don't do any trading myself. I mostly just do a lot of reading. Penny stocks seem to be an interesting avenue if you know how to do it. A lot of the info surrounding it promising you to make $1million if you pay them $50 is BS, but there is money to be made short selling risky stocks.

 

I don't know much about Forex, but penny stocks are ridiculously difficult to start out with, especially if you don't know anything about the market. It's even worse because if you calculate the trade fees out of the profits required to have a positive ROI, you would need either a huge rise in value to the stocks chosen, or have a large capital. Short-selling is also really risky because the losses can be infinite. You seriously shouldn't do this unless if you have tons of money you give no shits about, or you are a Jesus at picking stocks.

 

Forex is just lighting money on fire for 99.9% of people who try it. Unless you have a very good reason to think you'll be successful at it, stay away.

When I invest, it's mostly in low-expense index funds. Indexing is by far the best way to invest for most people. Right now my portfolio is approximately 92% equities, 8% bonds.

 

I invest/trade on the ASX. Portfolio is similar to Pockets, quit high risk, but high reward as well.

 

Why so little in bonds. Bonds are safer most of the time. Also, does nobody believe in precious metals.

 

Precious metals are meh imo, last I looked gold was actually down.

 

If you're young and want to invest a small allotment of money for investment and saving purposes look into mutual funds portfolios. I'm from Canada so my investment tools might be different than what's available for you, but if you go to an investments agency they can hook you up and build a portfolio that suits your best interests. I've been doing it for years and I've got plans to buy my first house sometime next year.

 

I'm young, I can easily ride out the variance in the long run for the higher return of equities.

 

I usually play with penny stocks just to get a hang of it. Never made or lost any serious money

 

I want to get into day trading.

 

Once I get on my own I'll be going into stocks pretty quick. Coca cola all the way!

 

I invest in MDMA, THC, and LSD.

 

At least you are honest buddy. Honestly SWIM tried LSD and enjoyed it but prefers shrooms because they seem less chemicalish.

 

SWIY is way too young for that

 

Been thinking about investing monthly in the S&P 500. Easily one of the safest ways to invest money.

 

That's a good plan. I don't know where you are in life, but you should also research IRAs and check out if your employer has a 401k plan.

 

Investing indexes are usually pretty safe to have a steady growth (at least higher than bank interest), but aren't 401Ks usually provide a low return since you aren't able to claim it until you're 65? I could be thinking of something else here, but even with a high interest rate, the gains you get upon claiming it aren't worth the amount of years spent slowly accumulating your account. I'm not 100% positive, but aren't the taxes roughly 40% or so once you claim it, and after adjusting for inflation over the 40-45+ years it takes to invest into it, I don't think the cash-out is actually as large as people make it sound.

Edit: Damn I had really poor sentence structure trying to explain xD