When I was like 15 years old my grandfather told me he'd teach me investment once I grew up
I turned 18 and asked him for tips and he told me "not to worry about that stuff right now"
Now I'm 25, he has dementia and I'm still clueless as to how investments work
Sorry, man.
Start with "The Richest Man in Babylon." Then "The Intelligent Investor" is an option, but it's hefty.
Just buy LINK and stake as soon as more pool space opens up. It's not that hard. It's what your grandpa was planning to tell you when he was of sound kind.
This, but unironically what he would have said is
>40% Link, 40% Eth, 10% Sol and Base meme coins
ask money from him 5 times a day and you are going to profit from this
He was gonna tell you to buy bitcoin 10 years ago, sorry anon.
If his advice was worth listening too, he is wealthy enough to include you in his will and you will inherit his gains. If not, well then he don’t have much to teach you anyway, did he?
Thankfully this seems to be the case. Though I dislike the implication that we're all sort of waiting for him to croak, but that's just life I guess.
This is a common sentiment too, and it's insane. Your entire life is a series of investments. The people you choose to befriend and spend time on, an investment. Your romantic partners, investments, that can go very sour and ruin you if not appraised well. Your college degree, an obvious investment. Houses, bank and brokerage accounts, even the car you drive, every choice is an investment and it all adds up cumulatively to wealth and health.
I will be teaching my kids from the beginning how to make good choices and analyze everything effectively. It isn't something that magically becomes relevant at age 23 or whatever. Due to the power of compounding it's imperative to start as early as possible.
Yea my family didnt teach me jack shit. Most families dont. You can tell which families do because they have large acreage estates and family businesses which the sons work for and live on the family property in their own homes. These guys get married early to hot ass girls their families set them up with and then live happy fun productive lives having many children.
Meanwhile most guys are brokies with moron parents. Mine circumcised and vaxxed me put me on adderrall which made me anorexic and short and didnt even teach me how to brush my teeth and put me in crippling student loan debt
You’re me except thankfully I wasn’t put on adderall.
Still a mess with no money.
Fricked up thing is my boomer grandparents have roughly 10 million in investments and real estate. They own four homes.
Why the frick did they not buy any of the large acre estates around us that have multiple homes on them? Looked at one yesterday for 1.5 mil with 4 homes, active lumber corn basedbean etc production land, lakes, streams, etc, all close to our city.
Now they constantly talk about selling their homes and moving to a nursing home until they die and act all depressed. What the frick is wrong with boomers? We could all be living on a nice ass property with paid for care takers, noonein debt slavery, and a comfy family business managing the land.
I dont understand it. Theyre going to blow their wealth on end of life care and then split it up into a bunch of small pieces with HALF OF IT going to their childless spinster career daughter that lives across the country, never sees them, and has no kids. I dont even think im in the fricking will despite being the only grandson and last male in the entire family
The property i mentioned is 270 acres btw. Its huge
I seethe over this every day
>didn’t invest in their literal future and their line will die out
Depressing and enraging.
My brother at least managed to get a wife and kids. All daughters so far.
My attempt didn’t work out so well.
ok, so first, you have to make a basedlana wallet.
then, you buy the shitcoin of your choice and get rugged.
have fun!
I kind of learned some things about investing (or rather, about not wasting money) by myself, when looking at the compound interest formula. that formula and my life (was born poor, as in, POOR: no house, no car, not even a fricking TV when I was a kid) are the reasons I'm scared of buying a house with mortgage.
also, here in my country, mortgages are indexed to inflation, so a LOT of people got buttfricked in the last 4 years, even those who got low interest loans...
other than that, I suck at investing. I have no idea how public companies work (even though I have a little bit of knowledge about accountancy) and I've lost money playing the stock market, so frick it. I'll buy low and sell high by waiting until the next COVID-like crash and put all my money in the SPY, some tech company or something
I come from the kind of family that the moment tv talked about investments or stock market they would change channel or just shut it off lol. The thing about finance is that people either care about it or dont. But the biggest diff to this is education, financial things are too complicated to some people
Here, Op.
>Research the stocks/funds/crypto you're interested in investing in before you invest. Watch the charts for a few months.
>Don't long or short unless you have the money to lose.
>Always calculate your tax liability whenever you buy/sell/trade
>Buy low, sell high.
Very reasonable advice
You make an account, buy stonks and watch the line go up. It's not fricking rocket science.