/liberty/ - Liberty

>>75016

I primarily trade out of my Roth. I used to do short term trades but I have converted to the long term small-cap value concept. I did dabble in Forex a bit, but I can't stand sitting in front of the screen, or checking my portfolio more than once a day. Not sure why you would think that Bitcoin's high price is attractive, more a warning sign than anything else. You can try your hand in with options and commodities if you are looking for different avenues for profit that are unaffected by market corrections.

>>75021

>Not sure why you would think that Bitcoin's high price is attractive, more a warning sign than anything else.

Apologies, I wasn't clear. I mean attractive in the same way a Siren song is attractive: tempting, but destructive if you fall for it.

Mostly in the bank or in the form of ammunition/long-term storage food.

>tfw too poor to invest money

>tfw money gets stolen whenever I have it, so forced to buy stupid shit for the sole purpose of not letting others have it

>>75034

Good picks. I would also suggest a membership with AAII for beginning anons. Their journal is one of the best investment periodicals I have come across. More geared toward long term investors. They don't tell you what to buy, instead they provide investment wisdom and strategies.

>>75032

>what's that?

It's a form of IRA (Individual Retirement Account). With regular IRAs you pay tax on the money when you take it out, with Roth you pay taxes when you put it in. Roth is generally considered "better" because

1. Assuming you don't fuck up royally, when you take your money out you should have more than what you put in, so paying the tax on input should be cheaper

2. Government being what it is, you can probably expect tax rates to be higher in the future.

>>75034

Much obliged anon, I'll have to give these a look.

>>75016

I keep mine in Ethereum.

Butthurt cryptofags in 3… 2… 1…

401k from employer and the rest of the savings going into paying mortgage

How long to wait until crypto value stabilizes?

>>75072

Wait, what's wrong with Ethereum? If I had to choose any cryptocurrency to invest in it would be that, because it seems to be based on a real, scarce resource (compute time) instead of neofiat.

>>75070

Pretty much. Best advice I can give as a fellow mid-twenties fag is to not get a credit card. Luckily my family are enough of poorfags that I just leech off the system via FAFSA and Private Scholarships for schooling, but even though I've got a full-time job (just got promoted to CNC Machinist), the cheapest apartments on the shit side of town already living on the border of the ghetto are about three weeks' worth of paychecks every month, and for the price of a 2/3 bedroom apartment, I could rent a house with 2/3 other people for cheaper.

>tfw all my friends are in similar situations and refuse to move out of their parents/grandparents homes

Seriously though, look into private scholarships. Most of the community colleges want gibs, so they have some sort of "foundation" scholarship program set up. Pretty much you apply once through the school in question, and it processes you for virtually every scholarship in their system (nabbed me about $10,000 doing this, only downside is the government considers academic scholarships to be "taxable income" so I'm getting fucked sideways by the IRS right now). Since most CCs offer trade "certification" associates degrees that can be completed in two years (HVAC, CAD, Cyber Security, Police Academy/Firefighter Academy, Networking/IT, Electronics, Mechatronics Technology, Pharmacy Technician, Waste Water Management, Welding, etc. they call 'em an "AAS degree"), you can pretty much double your paychecks on about two years of schooling, and most of the programs will help you at least land your first job as part of the graduation requirements (your first job is always shit through the school, but it counts as job experience). If nothing else, build a portfolio of shit you've done- Army/Chairforce calls it the "I love me journal." Places like the 911 Dispatch Centers love that shit and will hire you for IT-type positions even if you have zero job experience.

>>75078

After the crash I suppose?

>>75078

Pretty much >>75087

Crypto will always be a high-risk high-reward venture. After it crashes it'll just be safer since the chances of it crashing twice are low, just watch out for the cat curve.

>>75070

Just leave.

>>75079

Nothing's wrong with it, it's just that whenever you mention it, some faggot gets insecure about whatever coin he invested in and feels the need to tell you how it's a gazillion times better, either way it made me a lot of money this past half year.

>>75096

Glad to hear it anon. How exactly do I get started in Ethereum?

>>75086

That seems like great advice but I don't live in the US, thanks anyway though. For now I'm planning on living in a car for a while, maybe even finding a place to build a shack when it gets a bit warmer.

>government considers academic scholarships to be "taxable income"

Now that's just retarded.

>>75099

Is that you Poland? Stay warm, I hear bartenders make a shit ton relative to the local economy if you're willing to travel a little South to Czechia or Hungary, might be a good temp job.

>>75100

>Bitfinex

>Minimum 10,000 USD equity

>terminating individual US accounts

Looks like I'm picking another site.

Hypothetically speaking, suppose I was an average Eastern European from a country that hasn't transitioned to the Euro, yet. Also let's suppose that, because of a job that I did one summer, I now have 4000$ in a Payoneer account, a small amount of money(for an American), but considering how the dollar is tanking I can't just keep them there. Also I have never used Forex or talked to a broker in my entire life, so don't know anything about financing. Considering all of this, what would be the best course of action? Hypothetically speaking, of course.

>>75111

Depends what you want to use the money for. If it's going to be for a retirement fund or something similar, your best bet is going to be to go for safe investments, not as high yields as wild speculation but much safer. I don't know much about how stock markets would work in Eastern Europe, but here in the states a popular option is to take the "Index" of a stock market–basically just by equal numbers of shares from the top 100 corporations on the market. Works pretty well, and over here the average growth for that kind of investment is about 9%. If you manage to buy after a crash, you can do something similar with real estate, which sees slightly better growth than the stock market index.

I have some spare change lying around, what are some good things to invest in besides cyptocoins?

>inb4 soy products