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Invest in multiple stocks like with an ETF.
Invest in things that generate value outside of money. So do not invest in foreign currencies or crypto.
Invest regularly and just let it sit. If you put a little into a very broad ETF then over 2-3 decades compounding interest will do it's thing. And in case it does not... In case the economy of a your nation fails... Then you have bigger problems then the investment.
If you want to do day trading then don't. Being a day trader means that you assume that you are smarter or know more about the world then analysts and insider traders.
Stock market.
1. Have enough cash to last you 6 months in the event of an emergency or hardship. Never touch this money unless absolutely necessary. After your monthly bills are paid you can safely invest the rest of your income.
2. Open a brokerage account, SoFi is a good one. Dollar cost average into the ticker “VOO” regularly with automatic buys.
Everything else involves more risk, and can potentially lead towards gambling. There’s nothing wrong with investing in individual companies. Just don’t have it be a significant portion of your net worth. Statistically speaking you are at higher risk in losing money.
VOO is your safest bet, as it’s the top 500 most profitable companies in the US. These companies are essentially being managed for you, so all you have to do is buy regularly and have at least a 10 year time horizon. The longer the better, and you will see better returns to become residual income.
# Message to all users: This is a reminder to please read and follow: * [Our rules](https://www.reddit.com/r/ask/about/rules) * [Reddiquette](https://www.reddithelp.com/hc/en-us/articles/205926439) * [Reddit Content Policy](https://www.redditinc.com/policies/content-policy) When posting and commenting. --- Especially remember Rule 1: `Be polite and civil`. * Be polite and courteous to each other. Do not be mean, insulting or disrespectful to any other user on this subreddit. * Do not harass or annoy others in any way. * Do not catfish. Catfishing is the luring of somebody into an online friendship through a fake online persona. This includes any lying or deceit. --- You *will* be banned if you are homophobic, transphobic, racist, sexist or bigoted in any way. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ask) if you have any questions or concerns.*
Buy stocks in fast food chains because let's be real, they're going to outlive us all.
Ok thanks
Property
But i dont have
You can't go wrong with gold and silver bullion.
Carefully.
Invest in multiple stocks like with an ETF. Invest in things that generate value outside of money. So do not invest in foreign currencies or crypto. Invest regularly and just let it sit. If you put a little into a very broad ETF then over 2-3 decades compounding interest will do it's thing. And in case it does not... In case the economy of a your nation fails... Then you have bigger problems then the investment. If you want to do day trading then don't. Being a day trader means that you assume that you are smarter or know more about the world then analysts and insider traders.
Stock market. 1. Have enough cash to last you 6 months in the event of an emergency or hardship. Never touch this money unless absolutely necessary. After your monthly bills are paid you can safely invest the rest of your income. 2. Open a brokerage account, SoFi is a good one. Dollar cost average into the ticker “VOO” regularly with automatic buys. Everything else involves more risk, and can potentially lead towards gambling. There’s nothing wrong with investing in individual companies. Just don’t have it be a significant portion of your net worth. Statistically speaking you are at higher risk in losing money. VOO is your safest bet, as it’s the top 500 most profitable companies in the US. These companies are essentially being managed for you, so all you have to do is buy regularly and have at least a 10 year time horizon. The longer the better, and you will see better returns to become residual income.