OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[midranger]

After receiving an inheritance I'm contemplating what to do with it. Leaving it on my bankaccount will make money go away cause almost no interest and 1,3% tax a year (I'm Dutch).

I've been advised to go in stocks, but I dont know anything about it, and I neither care nor have the time to study that. So someone said to me, invest in funds that are handled by a bank or something like that, but I did that with my mortgage and that didnt go very well.

Bitcoins I think you're to late and there might be a bubble burst soon as I read some articles about that.

My father in law invests in property, but hearing him talking about getting the rent from some of his properties, I dont like that either.

Maybe I should just buy gold and hide it in my basement, lol.

I really dont know, any tips or other options?

I think Paul's advice above to use an index fund based on U.S. equities, which rises or falls with the fate of many stocks rolled together, is a pretty good choice. It's low maintenance and relatively low risk. If it's money you don't need to live on and aren't afraid to ride the roller-coaster a little bit, I think that's a good choice.

I assume those Gadzuric jerseys haven't appreciated enough over the years to have become a viable investment vehicle.

At least I knew enough to not invest in Danny G. jerseys. lol
thx for the reply, I'm gonna look in to that
Midrangers post with the percentage split seems a smart move, at least it's always a good idea to spread your chances a little I guess

Lowest fees possible. Probably vanguard or fidelity.

Look for fees like 0.03%.

[midranger]

Curious as to how. They had an extremely high demand for their products and slow production times, thus leading to a large gap as to when it would be delivered, but wanted payment at time of purchase. Super smart on their part. It'd be like buying something with gold when it was valued at X and then not getting your product for 4 months and gold being worth 10 times that.

It's smart of the company when it goes up 8 times. Really dumb for you though. It can bankrupt a business if it deceases by 8x. A currency that volatile just can't be used. You paid 16,500 dollars for a 2,000 dollar computer that you've yet to receive. How do you feel about that interaction? Gold can do the same thing, but gold isn't being passed off as a legitimate currency, and it holds some intrinsic value as a metal that can be shaped, as opposed to say a digital series of 0s and 1s.

Imagine agreeing on a house purchase for 10 bitcoin today, thinking it's value is $160,500, but by the time you close for 10 bitcoin 45 days from now and they are worth 80,000.

A legitimate currency needs to have some stability of value to be used routinely in transactions.

I never did the transaction. I said stay away from ones like those. That's exactly why I didn't do it. I don't think you fully understand the technology and science behind bitcoin. It usually doesn't have a volatile period like this. Up until the recent boom it would rarely fluctuate 10% in a day.

So when no one was excited about it and it wasn't worth much, it was usually less volatile than 10% within a given day?

10% is the difference between selling your house for 200k at the close and cashing a check for 180k by the time you get to the bank.

Can you imagine a 3 dollar loaf of bread costing $3.30 at noon and $2.70 at 2 pm? Let alone $400 two months from now?

This is not usable as routine currency, which is it's only purpose for existence.

How many cryptocurrencies can exist? Infinite?

[midranger]

Btw... down 20% in 4 days. Sell. Sell. Sell.

[MickeyDavis]

Buy on the dip!

[midranger]

Just tell me what to short so I can do it.

Bitcoin.

Down 25%.

Watch on YouTube

[humanrefutation]

It's now down 30%.

I'm not investing in bitcoin or any other cryptocurrencies. I don't trust it at all. But like anything, if people want to give it a shot, more power to em.

[AussieBuck]

It's now down 30%.

I'm not investing in bitcoin or any other cryptocurrencies. I don't trust it at all. But like anything, if people want to give it a shot, more power to em.

All good as long as you don't actually consider it investing. It's primarily gambling, think I might throw my hat in the ring.

[Tfence92]

It's now down 30%.

I'm not investing in bitcoin or any other cryptocurrencies. I don't trust it at all. But like anything, if people want to give it a shot, more power to em.

All good as long as you don't actually consider it investing. It's primarily gambling, think I might throw my hat in the ring.

I'm in your boat, tho I wouldn't pick bitcoin. Have to do some research myself, but there's a million cryptocurrencies out there now, gotta find the next one to get massively inflated like bitcoin.

[vlietinho]

Buy on the dip!

I read some ''experts'' think people are giving themselves a christmas bonus selling their coins, and it will go up again in 2 weeks. But others say it's the start of the bubble burst.

After reading this thread yesterday I decided to give it a go with a little money I dont need right now. So I went to coinbase, and signed up, but I takes them a couple of days to confirm my account and stuff, so I wasnt able to buy yesterday, lucky me, lol

I guess I will wait a couple more days and see how it develops

[Profound23]

This is why you don't put all your eggs in one basket.

One of the altcoins I have went up 40% yesterday.

I sold some at it's peak and bought some others at what may be their trough.

[paulpressey25]

I'm going to talk with Mickey Davis later today. Will propose we take cyber ownership of the Milwaukee Bucks. Those shares LED own are social constructs anyways. We are the ones who watch the games and are truly invested in this.

The shares will be called "Buckscoins". They will be limited to 21 million shares in total. People can earn shares by doing good posts on this board. One share for each "And1" earned from a good post. And1's obtained on fraudulent, non secure sites like the Raptors board or General Board will not count. So fire up your computers!

Now before anyone says "what good is a Buckscoin ownership interest?" realize that we are negotiating with a series of Bucks sponsors to accept these ownership shares for commercial value. Sport Clips, The Pain Management clinic, Froedtert Hospital and even Gruber and Hupy and Abraham have indicated they may come on board.

The last piece is completing negotiations with the Dippin Dots vendor at the BMOBC to act as the currency exchange agent. Stay tuned, more updates to come!

[ReasonablySober]

Read on Twitter

[midranger]

To the moon!

[midranger]

This is why you don't put all your eggs in one basket.

One of the altcoins I have went up 40% yesterday.

I sold some at it's peak and bought some others at what may be their trough.

I think we'll soon find find out that the trough is actually a crater.

[jschligs]

Long term hold here....been sitting on BTC since 2100, in last month its still up 40% +

[jschligs]

This is why you don't put all your eggs in one basket.

One of the altcoins I have went up 40% yesterday.

I sold some at it's peak and bought some others at what may be their trough.

I think we'll soon find find out that the trough is actually a crater.

Just curious, you seem really anti-crypto, any reason in particular? No bashing, just genuinely curious

[midranger]

This is why you don't put all your eggs in one basket.

One of the altcoins I have went up 40% yesterday.

I sold some at it's peak and bought some others at what may be their trough.

I think we'll soon find find out that the trough is actually a crater.

Just curious, you seem really anti-crypto, any reason in particular? No bashing, just genuinely curious

It's a commodity with no worth. It's volatility makes it unusable as a currency, which its sole reason for existence. It's not protected/regulated by anyone so it's value is prone to shenanigans. If it does become regulated, any niche it had will disappear. Literally anyone can start their own "cryptocurrency" to directly compete.

It's like paying 20k for a post on this board.

[paulpressey25]

Long term hold here....been sitting on BTC since 2100, in last month its still up 40% +

Props to you for getting in as far back as 2010. But here's where the disciplined trader (not investor) considers getting out. Set your price level whether it be $5,000 or $10,000 or whatever and sell when it hits that number. Enjoy the success.

Had a couple times in my life where I was emotionally attached to something, convinced it would always maintain value or rise. Then you look back five or ten years after they hit their high and wonder why you didn't take the big gain and run when you had the chance.

ETA: The advice above is worth the cost of it. Free. Markets are crazy and unpredictable. Bitcoin probably has a few more runs in it from late comers who will want to try to get their money back.

[jschligs]

Long term hold here....been sitting on BTC since 2100, in last month its still up 40% +

In my opinion this is the mistake. Props to you for getting in as far back as 2010. But here's where the disciplined trader (not investor) gets out. Set your price level whether it be $5,000 or $10,000 or whatever and sell when it hits that number. Enjoy the success.

Had a couple times in my life where I was emotionally attached to something, convinced it would always maintain value or rise. Then you look back five or ten years after they hit their high and wonder why you didn't take the big gain and run when you had the chance.

I took my original deposit out, it's all profits I'm working with now. I'm not really attached to it, but I see it's value still rising. I have a number I'm looking to sell at, mainly for life events that I want to pay for (not need). This is all "throw-away" money I guess, I have my other investments that are much safer and I have my cash reserve, but now this is something that's been interesting getting into.

[AntetokounmBros]

Buy on the dip!

I read some ''experts'' think people are giving themselves a christmas bonus selling their coins, and it will go up again in 2 weeks. But others say it's the start of the bubble burst.

After reading this thread yesterday I decided to give it a go with a little money I dont need right now. So I went to coinbase, and signed up, but I takes them a couple of days to confirm my account and stuff, so I wasnt able to buy yesterday, lucky me, lol

I guess I will wait a couple more days and see how it develops

I did the same close to 3 years ago. It was at $150ish per Bitcoin and during the week it took to confirm my account it almost doubled. I wasn't too happy...

I've held onto all of it through all the ups and downs, so I'm not looking to sell now. I'd regret it far more if I sold it than if it loses value.