The SP500( the 500 largest companies in the US) has an average return of about 10% each year since it’s existence (since 1928)
It’s down 16% so far this year
The stock ticker is either VOO OR SPY
I have $5k that I want to accrue the highest return for in a year's term, where should I put it?
- Thread starter rbksNgirbauds
- Start date
It’s down 16% so far this year
The stock ticker is either VOO OR SPY
rbksNgirbauds
Even on the court we stay flyy, Jada & A.I.
mutual funds,ok. when narrowing down which to choose, what should I be on the lookout for
NotAnFBIagent
[redacted]
Crypto. High risk high reward
rbksNgirbauds
Even on the court we stay flyy, Jada & A.I.
Ok. And is it best to get someone to middleman that, or go at it dolo?
O³ (O cubed)
No more PAWGs, PLEASE??!!!??
Betting or selling drugs.
And yes, I'm not kidding.
And yes, I'm not kidding.
what is a leap call?
calls more than 9months out. they're pretty cheap since stocks are tanking.
rbksNgirbauds
Even on the court we stay flyy, Jada & A.I.
done took enough losses thereBetting or selling drugs.
And yes, I'm not kidding.
We all have breh I feel you, Definately safer options out there in stocks and others. Crypto is the same as betting anyway so I would stay away from that.
IIVI
Superstar
Tripling an investment with zero risk over one year is absolutely not guaranteed and definitely risky, don't let people tell you otherwise. Especially in this market.
If tripling money is easy, everybody would be wealthy af: you'd simply save up $1k and start tripling it!
$3k > $9k > $81k > $240k > $700k > $2 mil > $6 mil.
If something is easy it should be trivial to be able to do it six times. However, in the real world, it's not.
Many people have a saved $50k, so why don't they simply triple it 4 times this year: $50k > $150k > $450k > $1.35 mil > $4+ mil?
Most reliable way overtime would be something like an index fund. Fidelity, Vanguard, etc. offer them.
Next risky would be something like a "stonk" or pennystock on Robinhood. Keep in mind that shyt is a casino. Nobody is really trying to analyze any company/stock for their overall worth.
Similarly, the most risky is cryptocurrency. There is zero use case, it's a ponzi scheme: there are no real world products like computers, tv's, etc. holding the price up and it can 100% go to zero. Basically a bunch of people shill something, then pump and dump it. Unfortunately, you can lose your $5k in as little as a few minutes. If it his though you can get multiple times your return. However, they rarely hit and the market is looking bad. Many people who got wealthy off crypto have already done it years ago.
Stonks/crypto are pretty much the same crowd. Bunch of loudmouth libertarian-types trying to make you experience FOMO to put your money in so they can rug pull.
If tripling money is easy, everybody would be wealthy af: you'd simply save up $1k and start tripling it!
$3k > $9k > $81k > $240k > $700k > $2 mil > $6 mil.
If something is easy it should be trivial to be able to do it six times. However, in the real world, it's not.
Many people have a saved $50k, so why don't they simply triple it 4 times this year: $50k > $150k > $450k > $1.35 mil > $4+ mil?
Most reliable way overtime would be something like an index fund. Fidelity, Vanguard, etc. offer them.
Next risky would be something like a "stonk" or pennystock on Robinhood. Keep in mind that shyt is a casino. Nobody is really trying to analyze any company/stock for their overall worth.
Similarly, the most risky is cryptocurrency. There is zero use case, it's a ponzi scheme: there are no real world products like computers, tv's, etc. holding the price up and it can 100% go to zero. Basically a bunch of people shill something, then pump and dump it. Unfortunately, you can lose your $5k in as little as a few minutes. If it his though you can get multiple times your return. However, they rarely hit and the market is looking bad. Many people who got wealthy off crypto have already done it years ago.
Stonks/crypto are pretty much the same crowd. Bunch of loudmouth libertarian-types trying to make you experience FOMO to put your money in so they can rug pull.
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rbksNgirbauds
Even on the court we stay flyy, Jada & A.I.
Thanks. This the type of thing I'm looking for, an upgrade from a savings account (I'm assuming, idk) and not quite tryna take crazy risk at the same time. Done kinda outgrown the "hit a lick fast" phase I used to be in
MasterOfAllHeSurveyz
All Star
50% Bitcoin/50% Ethereum, all in on APPL or a combination of all three. Don't look for a quick lick. This is a marathon, not a sprint.
The next Bitcoin halving is May of '24. There's always a big bull run after a BTC halving.
Load up now while the Chicken Littles are screaming to the top of their lungs. The dummies panic sell during corrections and downturns, when this is the best time that you load up. They'll come back when crypto, the stock market and real estate are at all-time highs . . . to buy.
Be the Ant. Not the Grasshopper.
The next Bitcoin halving is May of '24. There's always a big bull run after a BTC halving.
Load up now while the Chicken Littles are screaming to the top of their lungs. The dummies panic sell during corrections and downturns, when this is the best time that you load up. They'll come back when crypto, the stock market and real estate are at all-time highs . . . to buy.
Be the Ant. Not the Grasshopper.
Investing really is gambling without the stigma. Investing only works for a few insiders and venture capitalist. Everyone else is costumers, slot machine players and lotto ticket buyers. Same for MLMs and 401k plans. These greedy banks and Wall St b*stards arent's creating these tools to benefit you more themselves, you have to understand at the least.
The thing is, your money is use for the gambling portion of the investing. But they take out ALL KINDS of management fees and many other unhidden and hidden fees that noone pays attention. So they are getting there money guaranteed. While they got you locked into this 401k until you're 65 with hopes of getting great returns. CNBC said that over 25 years, the fees they take from maybe more than plan is worth.
You can't do nothing with 5000$, you better off giving it to a dopeboy or poker player. Or give it to house flipper.
rbksNgirbauds
Even on the court we stay flyy, Jada & A.I.
Sayless. Appreciate yaInvesting really is gambling without the stigma. Investing only works for a few insiders and venture capitalist. Everyone else is costumers, slot machine players and lotto ticket buyers. Same for MLMs and 401k plans. These greedy banks and Wall St b*stards arent's creating these tools to benefit you more themselves, you have to understand at the least.
The thing is, your money is use for the gambling portion of the investing. But they take out ALL KINDS of management fees and many other unhidden and hidden fees that noone pays attention. So they are getting there money guaranteed. While they got you locked into this 401k until you're 65 with hopes of getting great returns. CNBC said that over 25 years, the fees they take from maybe more than plan is worth.
You can't do nothing with 5000$, you better off giving it to a dopeboy or poker player. Or give it to house flipper.