Have you ever invested your money (or not your money 😂) before?
Like in "money multiplier" type stuff, like stocks, crypto, casino chips 😂, and other assets, etc? If so, in what and how did it go. If not, why not, and would u ever?
Yes, but not in that stuff. I've been living really cheaply and saving most of my income. So far I've put that savings into two rental condos. They are both rented and making me money which I'm hoping to use to buy a third. :)
No. It's a small hill. I guess you could put a small prefab barn-like little outbuilding for a mower, etc., on it...but not a house. lol
Here...it's called "Monkey Hill", it's in the Zoo:
The Audubon Zoo of New Orleans opened in 1914. The city of New Orleans, on average, is about 6 feet below sea level. Monkey Hill was built inside the zoo in the 1930’s to ‘give’ the children of New Orleans a hill to climb. As a child, Monkey Hill looks like a large mountain… as an adult I now know it is only maybe 11 feet high. Regardless of is true height, Monkey Hill holds special memories for all the children who have visited the zoo and made the big climb all the way to the top.
See [i]https://www.monkey-hill.com/our-story/[i]
...which has a non-working photo...hmmm
They have really redone it, now, but this is what I saw years ago:
yep for 2 decades. Did very well. We also have rental property (single family homes), a storage place, invested in a couple apartment complexes and hotels.
@sarabee1995 If you took time to understand the market and what you are investing in, you would be more comfortable. Mac had horrible investments when we married, and it took a year to get them straightened out. Some flat out stole from him and my day job helped with that. I didnt even ask him I just jumped on it. I suspect he knew he had issues there. Real-estate doubles in value every 20 years. That's predictable but slow. Day traders can teach you what you need to know to not have to work after you make some sizeable gains while working. Its their thing. They just watch stocks every work day for a few hours and then go live their lives.
@TexChik But they are interested in stocks. I'm not. So that few hours a day would be much more painful for me.
I was taught that life is a marathon, not a sprint. I'm ready to buy a third condo and I could live in it and have the first two just pay for it. I've run the numbers. That would work. Then my income in my next phase of life would go toward more properties. It's slow and steady growth. More my style.
@sarabee1995 It was easier for me because I married into it. A genius with an inheritance and no money sense. My first firm matched whatever put into my 401 K. I put my entire salary in there. After 17 years , it was a pretty penny when I left there.
All the blue chip stocks have a massive price per share and you have to have a massive amount of money to buy in. The company I have those 209 shares in is valued at A$3.90 a share today, but I would not be able to buy more of them since the ASX minimum purchase floor limit is A$500 and then you have to pay broker fees as well. it's just not viable (for me anyway).
@zonavar68 if you don't plan on keeping the stock for a long period of time, there are different types of short term investments strategies you can use, that don't require massive ammounts of money to get profits from blue chip companies
@SomeMichGuy Don't know what that is. I'm not actually interested in investing as it's just capitalism where if you win someone else has to lose. Money supply seems infinite (but it isn't, even with fiat currencies).
@saragoodtimes My grandfather told me the same thing!!!! And I've done that and been able to set aside and invest most of what I've made since finishing university.
I'm in crypto now with just a couple of stocks. But one of the biggest mistakes I made, although I had to make the decision at the time, was with Nvidia. I bought at like 35 bucks, rode it to about 90 and then, due to some issues at the time, had to sell it. It then jumped to about 300 a share before it dropped. I think it's like 200 now. I think the thing with stocks or crypto is patience and commitment to the right company / project. For me, a company has to have real value, the right ethics and a strong, long-term vision. If people want to buy DOGE they can. But it'll bite them eventually.
@Ynotisay Nice profit either way. Can't live in regret for leaving money on the table; other people blow their accounts and maybe even end up in debt. So you're good. Just don't think about it, and move to the next one.
@Dan193 Absolutely. You try to make the right decision at the time. After that it's in the past. Woulda - Coulda - Shoulda doesn't mix with investing. You'll drive yourself nuts.
The only thing that's different with investing is you have to have money in the first place to make investments and begin. With gambling you require little or close to no money to get started.
I've never got into investing because I never have enough spare money to invest.
The only shares I have is a 209 share parcel in a company I once worked for when they were listing on the ASX about 10 yrs ago and gave all current employees a A$1k 'parcel' of shares as a gift. I get like $25 twice a year from that.
@mrh1972 I invested in Ripple Labs...took the money in December last year. Since then it's gone down so I'm glad I did 😂 I have a family member who has made tens of thousands on that site, and know someone who invests for a living on there.
SW-User
@Dan193 XRP is all I've traded so far...and I was lucky
I invested in crypto. I made several thousand dollars in profit during 2020 and 2021, but right now my investments are worth about half of what I paid in. I'm not too worried about it since overall I'm still up, but it would be nice to get back to where these prices were last year
Yeah, I have mutual funds, indiviudual stocks and cryptos. Stay away from options unless you have the time to supervise them all day long. They can go from 40 percent up to 60 percent down in one day.......I was upset with myself when that happened.
@DallasCowboysFan Options gave me a lot of stress and it was hurting my work performence. So it's a double edged sword, especially if it's short term contracts and not leaps. I still prefer them over stocks.
investing in pre 1982 pennies and nickles.. pre 1982 pennies worth 3 cents each by copper weight. nickles are at 5 cents and climbing. https://www.coinflation.com/
@sarabee1995 nickle the metal price is going up in value.. now its at the value of the coin and soon the metal value will be higher than the coin.. so saving them now is a good investment like the penny is copper price of a penny is bout 3 cents even tho it is a penny. the melt value of the coin is what i was taught to look at .. so every pre 1982 penny is worth three times the value of the coin.. its good investment.
[image/video deleted]
and it looks like the copper price has went down a bit.. it will go back up tho.mark
my last investment was ham.. it was at 45 cents a pound a few months ago and i bought 100 pounds and put it in the freezer.. it will feed me a long time for 45 dollars.. that was a investment..
@Dan193 I use stash as my banking company, and they offer stock trading/investments as well. And when you use their debit card, they automatically invest a portion as “stock back”.
i JUST asked the same question (and got no response) https://similarworlds.com/finance/investing/4430781-Do-you-invest-in-stocks-Whatd-your-next-hot-tip