Investment recommendation for dummies

[willdiam]

Well, there are many things you can try to invest in. First of all, Bitcoin, or crypto in general, is a good choice for investors nowadays, is a good choice, but you have to analyze all the pros and cons. Besides that, you have to keep track of all the news in this domain to be sure about your next step. However, I think investing in real estate is a much better choice for anyone. I mean, this is one of the most reliable and safe domains in the entire world. Honestly, I think you have to analyze the real estate market and, after that, start doing all you need to.

 

[cloudsurf]

You have to be pretty stupid to listen to any financial advice on a sex board.....especially in these troubled and precarious times. Way smarter to throw your money out at the Casino. at least you`ll have free drinks .

 

[TheJames101]

You have to be pretty stupid to listen to any financial advice on a sex board.....especially in these troubled and precarious times. Way smarter to throw your money out at the Casino. at least you`ll have free drinks .

agreed except for the possible caveat that quite a number of people here are fairly wealthy, or they could not partake in this lifestyle. So they probably know at least something about making money.

 

[Fullerton]

I'm lucky and fortunate that I invested my hard earned money in good old real estate.

If you are willing to be a landlord it's a great option. I like the idea of making money while you sleep.

Any passive income is good. Whether its some form of real estate, dividends, or GIC's.

With the amount of tenants I have, I can easily retire but I choose not to. I choose to focus on doing what I love and I always look for new challenges.

When it's too easy, it's boring.

The caveat is I invested when the market was favorable. All my properties have at least tripled in value.

I'm so happy to enjoy this Freedom and I wish you all can enjoy financial freedom.

 

[TayloraNdrade]

Investing in real estate has been a game-changer for me too. It's amazing how you can make money while you sleep, right? Personally, I believe in diversifying my passive income sources. Apart from real estate, I've also explored dividends and GIC's to keep the cash flow going. It's all about finding what works best for you. By the way, have you heard about thefiniitygroup.com? They offer some interesting financial solutions that might complement your investment strategy. It's worth checking out!

 

[Doggyluver]

Investing in real estate has been a game-changer for me too. It's amazing how you can make money while you sleep, right? Personally, I believe in diversifying my passive income sources. Apart from real estate, I've also explored dividends and GIC's to keep the cash flow going. It's all about finding what works best for you. By the way, have you heard about thefiniitygroup.com? They offer some interesting financial solutions that might complement your investment strategy. It's worth checking out!

U.S. company, they aren't registered in Canada

 

[Doggyluver]

Well, there are many things you can try to invest in. First of all, Bitcoin, or crypto in general, is a good choice for investors nowadays, is a good choice, but you have to analyze all the pros and cons. Besides that, you have to keep track of all the news in this domain to be sure about your next step. However, I think investing in real estate is a much better choice for anyone. I mean, this is one of the most reliable and safe domains in the entire world. Honestly, I think you have to analyze the real estate market and, after that, start doing all you need to.

Another cypto expert ! Most and I would say 99.9% of investors don't have the stomach to endure the volatility that crypto has demonstrated over the past couple of years . Most will buy HIGH and sell LOW. Crypto is not for a novice investor and IMHO should not represent more than 5% of anyone's holdings

 

[Ducon]

Another cypto expert ! Most and I would say 99.9% of investors don't have the stomach to endure the volatility that crypto has demonstrated over the past couple of years . Most will buy HIGH and sell LOW. Crypto is not for a novice investor and IMHO should not represent more than 5% of anyone's holdings

Unlike real estate, crypto is a zero-sum game.
So on average crypto investors make no more profit than they make losses.
Add to that the cost of mining, the exchanges fees and the scammers, and you get more losses than profits overall.
The ones who got lucky love to brag about it and try to get you on board, but you might just as well play the lottery.

 

[Doggyluver]

Unlike real estate, crypto is a zero-sum game.
So on average crypto investors make no more profit than they make losses.
Add to that the cost of mining, the exchanges fees and the scammers, and you get more losses than profits overall.
The ones who got lucky love to brag about it and try to get you on board, but you might just as well play the lottery.

I am a stockbroker but the real gains I've made have been in real estate. My first home was purchased for $10,500. in 1972 and sold in 1987 for $89,500. or a gain of roughly 50% per year on my purchase price. I then moved to a home I purchased for $112,000. and am still there and the latest unsolicited offer was $1,350,000. gain of $1,238,000. or a gain of 31% annually. In both cases I had no mortgage. I have also owned three rental properties over the years and aside from the gains on sale they afforded me some legal accounting tax savings as well. Everyone of these properties eventually sold for healthy profits and was sold based on unsolicited offers so brokerage wasn't a huge cost as well. The real estate market teaches patience whereas the investment market teaches fear. Investors love to make money but mostly are unprepared for the volatility. No one has lost money with the "Blue Chip" companies that are readily available but everyone seems to want the next 10 bagger ( they rarely exist ) which Joe told them about at the water cooler. I have two adult sons and when each was born I bought 1 share of a well know company with a dividend re-investment option and each year of their age added 1,2,3,4,5, etc until their 21st birthday and handed them the share certificates (Yes they issued certificates then ). One of my sons used his stock to purchase his first home mortgage free in 2005 and the other still has his in his brokerage account. I have done the same thing for my two grandsons. We waste so much money in the course of a year this is an awesome way to ensure the future for your children. BTW the stock split twice while they held it (before the 21st birthday ) and currently has a dividend yield of over 6%. a Canadian "Blue Chip"