First step into investing?

i got about 1,000 just sitting around collecting dust (probbably cant do much with this) but what is the first thing into investing anything? or how to in that case lol
@Milotic i see you posting alot on investment topics many throwing your op?

 

I'm a retard please don't listen to me ever lol

Sorry man

 

Gyazo - 3b1711f3116e14becaa148733c00872a.gif

I will remember for now on

 

I could chat a lot of shit and give you my opinion, but that's all it is. My opinion.

I haven't got any authority on the subject and you'd be a fool to assume just because you're on the internet 20 hours a day that you do too.

Epic GIF tho, saving it.

 

Cryptocurrency?

 

Have heard of it. But i seriously dont know even the basics. what would first step b

 

Well you can go a few ways you can just buy the currency while its low and sell when its high or you can mine the coins. Depending on your abilities will determine which way to you. Ideally if your trying to invest 1k only it would be better to just invest in the coin because if your wanting to mine you'd have to invest more.

You can also invest in CPU mining like monero or something of that nature buy a 40 core server or something and try and make that server use 4-5 amps of power depending on power cost that will make a pretty good return. So I guess it really just depends on what your comfortable with.

I build my very first mining rig for about $1,200 and it was returning about $150/month when you invest in something like this the ROI should always be thought of on a yearly basis.

These are the monthly earning right now for a $1,200 rig keep in mind it depends on the current cost of ethereum.

 

Why don't you invest it into yourself with your own small company?

There are many cheap company's you can start with 1k in your local area

Alot of people want there grass cutting, Bins/windows cleaning and many more variety of things. If you start going around your local area with some sort of starter pack within a few months you will have your own rounds weekly earning £3-5 per person. Window cleaning in my area there are people currently making over £900 a month.

I personally Invested into a Vinyl cutting machine, Heat press With a couple of Grand which will pay me back more than what i paid in the long run once i finalise and finish what i'm doing.

 

That's a pretty good idea. One of my college professors always told me that "invest in yourself buy a book". Sure enough I bought a book called Rich Dad Poor Dad ever since I finished that book I've been off to the races.

 

Honestly, I think you should read about cryptocurrencies before deciding on investing in anything else. Some good coins are Bitcoins, Ethereum, Litecoin (meh.. idk but yeah you'll read about it), Monero and Ripple.

 

The professor is right with the books. It's incredible how much you can learn and grow knowledge of the world just by reading

 

Thanks for the tips folks

 

Get your hands on some ethereum to start on a exchange.