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/biz/ - Business & Finance

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58433586 No.58433586 [Reply] [Original]

I'm going to use my tax return to get into stocks. What do I need to know?

>> No.58433603

That we have a general for that.

>> No.58433632

>>58433586
Just buy bitcoin

>> No.58433637

>>58433586
>stocks
Don't waste your fucking time anon. Jesus christ. Wtf are you thinking?
>turn $1000 into $1200 in a year
Stocks. Lol. Go ahead. Waste your time and money.

>> No.58433645

>>58433586
it's rigged more than crypto

>> No.58433654

>>58433637
Then what's your bright idea to grow your wealth, smart guy?

>> No.58433682

>>58433654
Goddamn, you can just tell some people are not meant to have wealth. As if you'll ask to be spoonfed all the way to a million dollars

>> No.58433692

>>58433586
Buy some CZ on Sol and you will be rich off tax return

>> No.58433698

>>58433682
Going off your response, I'm going to guess you aren't wealthy either.

>> No.58433859
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58433859

>>58433586
Track your charts wisely on Dexview before buying/selling so you don't get shamed here for being a schizo

>> No.58433942

>>58433586
>What do I need to know?
You should probably know that jews are about to take a giant watery shit on the US economy when they figure out that we aren't their field niggers anymore.

>> No.58434231

>>58433654
A little thing you may have heard of, it's called Crypto.

>> No.58434441

>>58433586
420 TSLA PUTS 0DTE RIGHT FUCKING NOW

>> No.58435018

>>58434231
>turn $1000 into $500 in a year

>> No.58435531
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58435531

>>58433632
this

if youre dead set on stocks, though, just buy some easy broad index fund like VOO/VTI/whatever sounds good and keep accumulating when you get paid
>but i want to be a trader!
open a paper trading account now
practice with fake money to get experience risk-free
then, when you build up confidence, you can utilize your training to put down real money and then suddenly start losing all the trades you were winning before with fake money
do this for a while until you decide to crunch the numbers and realize you wouldve made far more from just accumulating a broad asset and doing nothing
you have now earned the title of trader and can safely pivot back to just accumulating some index fund

>> No.58436213

>>58433632
I think memecoins like BIAO are more convenient, especially considering how unstable btc is at the moment, it will be like this at least until the end of august

>> No.58436220

>>58433692
I'm up 5x

>> No.58436229

>>58433637
this lol

>>58433586
op with crypto you can at least do 50x in shorter time than in stocks lol, the only thing you need to understand is how to read truflation index, then its easy mode

>> No.58436233
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58436233

They eat a lot and grow very fast.

>> No.58436302

>>58433632
Or ETH, then restake it on YieldNest to earn additional income once the mainnet is up.

>> No.58436810

OP, since you are asking about "stocks" and their return, I'll give you a much more sane advice.

get wif, and watch it 5x+. It's evaluation is pretty high right now. But it will likely do just as good or better than any stock.
Not to mention you'll be vested in a meme coin. Making money off a meme is simply a chad move.

You're likely too green to understand the game but stick around and you'll learn.

>> No.58436975
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58436975

>>58433586
Hope you’re still here OP. advice from an actual wealth manager who handles more money than this entire thread combined.

Picrel is the problem with crypto traders. They assume that their asset will appreciate in value. That’s a terrible assumption to make. They also assume that THEY are holding the coin / token / shitbux that will skyrocket.

with that being said, if you’re starting with under 25K, don’t expect to make huge returns within the first 5-10 years.

90% of hedge funds, managers, equity firms etc will lose money long term. That’s not to say some of em won’t outperform SPY this year, but long term little to none will.

So you have 3 choices:

Put money into SPY / VTI every paycheque and compound ur cash so you’ll have a nice egg to retire off of.

Put money into crypto and suffer because you, and everyone else here, doenst inherently know why line goes up and line goes down.

Put your money with a wealth manager and pray for the best. Whether that be an independent advisor or someone that works for a big name like JP Morgan or Goldman.

>> No.58436978
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58436978

>>58433586
the chinese stocks, chinese memecoins ($biao) and chinese common enterprises are unironically the most profitable things ever just by virtue of sheer volume of investors, hold one of them to hell and never let go, not matter what the burgers here tell you, playing the card s to favor the chinese is the best movement financially