Best Investments For Small Amounts of Money

[CaliParticipant 753]

Greetings, gentlemen!

Being the young MGTOW that I am, I decided it might be advantageous to pick the brains of some of the people here who have experience with this sort of thing. I should be getting a job in a month or so, and then plan to join the military, but I’d like to start investing some of the money I’ve saved up just to get started. I’m considering a CD with my bank, and I want to try my hand at the stock market with VERY small amounts of money (I know I will probably lose it, but I like the challenge, and at this point it’s mostly a learning experience). What would you guys say would be the best way to invest, say $500 for starters? (I’ll add more as I earn.)
Bring on the ideas!

Just a misogynist virgin hiding away in his mother's basement. Nothing to see here...

[Anonymous 42]

It’s not so much your “investments” that make you “successful” it’s your “habits” and mental training that determine your future! Bad habits (drinking/drugs/women@^#%@$(*#&($* (WOMEN/drinking/drugs) and so forth, will over time, burn your proverbial house down (mind/body/soul)…..

Good habits; work ethics, punctuality, regiment, and determination, over time will automatically set you up for susses! It’s your daily mindset that makes the difference! I’ve had people tell me I was crazy to take on some of the projects I’ve done, but when I finished them the additude changed to astonishment! Don’t let anyone tell you anything is impossible (it’s not) just persevere through any opposition and make your goals a reality, goal after goal you’ll become a professional life player, a WINNER!

Take on the bad habits, you get dead……

[CaliParticipant 753]

Thanks, MGTOWER!
Sound advice, indeed.
I’ve discovered that Ben Franklin’s old saying, “early to bed, early to rise, makes a man healthy, wealthy and wise” rings quite true.
No sense wasting time watching some TV program unless it’s with my family, so I try to get to sleep early so I can more easily focus on school and homework.
I hope I can find a good way to invest this money, though.

Just a misogynist virgin hiding away in his mother's basement. Nothing to see here...

[hmskl’dParticipant 6406]

This is not advice .. but it is what I would do with $500.00 at this point in time.

Join a Credit Union .. you can find one somewhere close to you and they are very nice places to temporarily keep your dollars. Credit Unions offer savings and checking accounts (often free checking) along with Debit Cards .. and usually always have special offers of some attractive type on Certificates Of Deposit or Money Market Accounts that sometimes pay noticeably more (much more) interest than you would get at a Bank. I just bought a Certificate at my Credit Union that is paying 2% annual percentage yield with a minimum of $1000.00 (some have different minimums and maturity terms). There are different ways to buy these CD’s that can also give you tax savings. Talk to someone at a Credit Union.

I’d stay clear of the stock market right now with my $500.00 … someday, you may possibly decide to dollar cost average into some type of structured retirement program (carefully invest a specific amount on a continuing basis i.e. month to month) .. but I wouldn’t consider putting my $500.00 into stocks at this moment in time.

Precious metals and certain coins will be great to own over long term. I do buy metals and add certain old numismatic coins (now and then); but this is my hobby and I don’t really plan on selling anytime soon – if ever. This is very long term so I’d keep my $500.00 more liquid for now.

The money you tuck away temporarily at the Credit Union is also insured while you add to your $500.00 nest egg – and are ready to move on to other future investments.

[NotMyProblemParticipant 965]

Congrats on saving your first $500! I’ve been stacking 50% of my paycheck since going MGTOW, so I’ve put a lot of thought into this the past year or two.

Start by stacking some cash in case you run into some trouble and need something to fall back on. After that go with SILVER. It’s the ultimate insurance policy. Precious metals will always be valuable no matter what happens in life. Don’t bother with Gold unless your a millionaire.

When you go to sell a coin you will lose a few dollars per ounce on the spot price, so when your ready, buy with the intention of holding forever. I consider bullion to be a good foundation, and I hope I never have to sell any of mine.

It may seem dumb to some people to spend a few thousand on coins you never plan on doing anything with, but it makes me sleep better at night. As long as I have a few months worth of living expenses in silver, it means I’ll never have to go beg mommy or daddy or the bank for a loan if I f~~~ up. It’s an independence thing.

-Real estate is great, but takes more capital and a bit of know-how.

-Oil and other commodities are at historic lows, so that’s probably a safe place to look as well. There hasn’t been a major oil field discovery in over 40 years, and all those big mega fields in Saudi Arabia and elsewhere are entering depletion. Oil is the real currency of the world, and as the supply dwindles over the next few decades, that will push every other commodity up. Oil is the master resource.

-P2P lending: take a look at Prosper.com or Lendingclub.com … You can loan your money out to people and earn a decent return. I haven’t actually tried this yet but I plan on investing $3000 soon to start off. I’ll let everyone know how that goes. What you do is spread your capital out across 100-150 loans ($25 a piece). That way if a handful of people default, your not screwed. There are different levels of creditworthiness, depending on how risk you want to be. I plan on only investing in AA or A credit.

-Oh and lastly, if your tech-savvy, go buy a BITCOIN. Learn how to store it off the Internet in “cold-storage” so it can’t be hacked. This is more of a high-risk, high reward thing… kinda like a lottery ticket that may actually pay off some day. I have no doubts that a decentralized currency outside of government control and censorship is in our future. I’m just not sure yet if it’s going to be Bitcoin or something else…

Hope that gives you some ideas to start out with…

Not my property... Not my problem

[NotMyProblemParticipant 965]

Oh and start building your credit! Take out a few credit cards and every 6 months call them up and ask for a limit increase. If you use them, pay them off EVERY WEEK, BIWEEKLY, MONTHLY, whatever your pay schedule is. You can get 3% cashback and all sorts of useful perks. If you don’t ever carry a balance, they can’t make any money off you.

The only time debt is a good idea is if it’s going to make you money, such as with a rental property.

Do not buy a house or a car with debt. Pay cash or live without.

DEBT is for the feminine ones.

Not my property... Not my problem

[CaliParticipant 753]

Thanks, dudes!
I’ve actually saved up more than $1000, but I’m only looking to invest $500 for now, so I can keep some cash in reserve. I promised myself I’d only invest up to $80 in the stock market for starters, and if I lose it, I’ll go mow lawns or rake leaves to get more money, but I’m not touching the rest of my savings to dump into stocks.
The credit union CD’s sound interesting. I’ll look into those. Also, it sounds like a good idea to start building my credit score up. I’m not going to invest in precious metals until I move out of my parent’s house or I make a lot more money. Doesn’t seem worth it right now, but in the future, I will most definitely do that.
I hate debt, and will most certainly avoid it.
P2P lending looks pretty legit, so I’ll certainly start looking into it.
I haven’t heard much about oil, what you said makes sense, Sovereign. Do you think it might also be wise to start investing in alternative energy companies?

Keep ’em coming!

Just a misogynist virgin hiding away in his mother's basement. Nothing to see here...

[NotMyProblemParticipant 965]

So far I haven’t touched any stocks. Here’s my reason why:

Most of America is being herded into the stock market. I HATE going with the herd. The problem I’m seeing is that the majority of people in stocks are the baby-boomer generation. They have all this wealth saved up from the good ole days. In the next 10 years, all that baby-boom-money is going to flow OUT of the stock market as the oldies retire. It’s simple demographics.

Now my nest egg is still pretty small so I haven’t looked much farther than the above things I mentioned. If I was going to invest in alternative energy companies, I’d want to research the p~~~ out of the companies and I’d look for the ones that aren’t getting all the publicity. There are millions of retards out there that go buy a stock like Tesla just because they love their cars. Never mind that the company doesn’t turn a profit and relies heavily on government subsidies…

At some point in the future, I’d like some exposure to stocks, but it will probably be in the emerging markets. I wouldn’t mind buying some Chinese shares, or some other emerging markets. At some point in the next year I’m going to do some in depth research so I’m ready. If a crash happens, hopefully I’ll be smart enough to buy while everyone else is panic selling, hehehe.

Not my property... Not my problem

[uchibenkeiParticipant 7965]

There’s no such thing as a best investment. “Best” will be different for everyone. It all depends on your risk tolerance. If you need the money soon, your risk tolerance is low. You should put the money in no risk or low risk investment. Term deposits, (T-Bills in the US I think) are good for that situation. If you don’t need the money right away and you won’t go broke to lose it, your risk tolerance is high. You can try precious metals, stock market, etc. When I lived in Canada, I liked income trusts in the energy sector. Excellent dividend yields and capital gains if you knew what you were doing. I had to liquidate all my holdings when I got divorced and haven’t started investing again yet.

I bathe in the tears of single moms.

[RoyDalParticipant]

What worked for me is real estate income properties. I saved aggressively until I had the down payment on my first rental house. The stock market is for expert insiders only, unless you do a 30-year strategy like Warren Buffet does.

Society asks MGTOWs: Why are you not making more tax-slaves?

[CatsPawParticipant 423]

First thing to invest in is your education (not a degree but learning about investments).
I started with economics, then move to economic history and then to math.

You need some basis to understand WHY investments are a good or a bad idea.
If I tell you for example to invest in Silver, you do it, then silver goes up, you might buy more when that is no longer a good idea.
If you yourself know that silver is a good or bad investment, you will know it today, 3 years from now etc.

This is also why people who invest keep reading almost daily about the markets (and read between the lines very well).

[QuietlyquietlyParticipant 728]

I agree about staying clear of the stock market! Even with the best programs to monitor your stock prices, the information is already late, and someone else has capitalized on it and moved the price away before you even get the news. In addition, the large banks and investment houses can and do manipulate markets using algorithm trading programs. I follow the Silver prices, and most of the trading happens AFTER the markets close. I have seen prices tumble 7 or 8% in a matter of minutes, on no volume of contracts, because some computer program is doing it. There is a guy on Twitter who has figured this out and has a computer program that highlights these “fake trades”.

So, long term, I like gold and silver coins, as I think the current prices are just stupidly low (and being manipulated to be that way).

Shorter term, avoid banks. In Canada and the US, legislation was passed (?) last year (?) that gives the banks legal ownership of your money. If it’s in an account, they can take it from you because it is no longer yours. Not that they have done that yet, but I personally think it is coming, and a lot of people are going to be p~~~ed off when it does.

Credit Unions are better, apparently, but here’s the kicker – inflation.

I don’t mean Federal Reserve inflation, that’s just a smoke-screen. Don’t listen to that. Real inflation is “how much can your $500 buy you now, and how much will your $500 buy you next year?” Look it up. Find the real cash inflation rates (they will surprise you). Essentially, due to QE, due to currency markets, stock/housing/credit/derivative bubbles bursting, and many other factors, your cash is currently devaluing at between 9 and 15% a year, year on year.

The US dollar used to be worth a certain amount in buying power, 100 years ago. Now it is worth just 3 cents of that original dollar. Same with the UK Pound – the Pound was actually a whole 16 oz of SILVER!! Hence why it was called a Pound (Sterling). Now, it can buy you about 1/14th of an oz of silver. Devalued to the tune of 1/224th, over 250 odd years.

I don’t have the answer, but I can give you some unconventional investments: my dad used to be a professional musician, and his instruments have held their value over time (they have increased in $ terms by 13% a year, every year – a $1000 viola from 30 years ago is now worth $35,000). Essentially, they have simply kept their value steady while everything else has devalued around them. But it does illustrate the point.

I don’t suggest that you go out and buy an instrument, you’d need to know exactly what to look for…….

What I can recommend is read up EVERYTHING on the subject of money, finances, investing, and what makes a good investment a good one. And good luck!

[NotMyProblemParticipant 965]

On the inflation note, the FED is aiming for 2% per year. Assuming they don’t steer the Titanic into a hyper inflationary iceberg, 2% a year means the average 20 year old will need around $270,000 a year when he is 60 in order to retire. Sure adds up fast haha.

Real estate is great. Mortgage stays the same, rents keep going up.

Not my property... Not my problem

[Anonymous 5]

Don’t buy paper gold.
That ever expanding “commodity” is how they’re keeping the price of gold down.
The whole system has already been exposed as already looted. The Deutsche Bundesbank found that out the hard way after they acted on their suspicions and demanded their gold back from the Federal Reserve (which isn’t Federal, it’s private, very private)

[MattNYCParticipant 2329]

Hey Pvt, kudos for looking in to it & educating yourself. Two main points that i’d like to share:

1) Investing in individual companies is, in many ways, similar to gambling. A lot of the people who do that will lose money, and of those that do it & make money, they’re taking sizable risks [think hedge fund managers & other stereotypical wall street types]. I’m not saying you shouldn’t do it, just that you should be aware of what you’re getting in to. [Storytime: after college me & 5-6 very smart friends put together some strategies & research on a few individual companies. We lost 90% in about 5 years. No s~~~. But you’re right, it was definitely a learning experience!]

2) If you’re looking at the financial goal of retirement, an index fund is likely the way to go, given your age. An index fund will track one of the major stock market indices (DowJones, S&P, etc.), so the fund will automatically “buy you in” to all the individual companies that make up e.g. the DowJones index. What this does is expose you to a lot of risk (remember, more risk = potential for more reward), so you can ride the market for 18->65 years. How this is different from investing in individual companies, is that over 20-30-40 years’ time, stock indexes almost always beat every other investment…

and crucially

…don’t require any specialized financial knowledge.

Also, i cannot stress this enough, learn to love compounding. A couple quotes & links below say basically the same thing, which is, start saving & investing early in stock-index type investments, and you’re basically golden for retirement.

———-
“If you started investing at age 25 and put the same amount of money into stocks until age 35, you’d have more money at retirement than if you started saving at 35 and invested the same amount of money in stocks EVERY YEAR until retirement”

http://www.darwinsfinance.com/start-investing-today-amazing/

“For the last 150 years, the S&P 500 has delivered an average annual return of 6.6%, after inflation. During that period, we had nine major wars, 33 recessions, a half dozen financial crises, and an uncountable number of really awful things happen to the economy. Through it all, 6.6% a year is what you averaged. It’s the best estimate we have of what stocks will return over the next many decades.

And lucky you, earning a 6.6% return on your savings does nothing short of miracles over time. If you are 20 years old, every dollar you save today will be worth $18.50 by the time you are 65 (and that’s adjusted for historical inflation). If you’re 30, each dollar saved today will be worth $9.6 by age 65.”

http://www.fool.com/investing/general/2013/09/04/an-open-letter-to-everyone-under-age-30.aspx

[Anonymous 42]

Cali wrote:

I’ve discovered that Ben Franklin’s old saying, “early to bed, early to rise, makes a man healthy, wealthy and wise” rings quite true.

5:3o AM this morning I was stacking the seasoned wood I split last knight. I’m moving away from heating oil, not because cheap right now, but because it fluctuates too much. I capitalized on these fluctuations since 2000, when I got my 1st 550 gal. fuel tank, I have two of them, one “was” for diesel, and the other was VP red (racing fuel) mixed with gasoline, I filled my first tank in 2001 when fuel was under $1.50, by the time I emptied the tanks the fuel doubled in price, when heating oil hit $3.92 I was caught with my pants down and got f~~~ed in the ass! F~~~ HEATING OIL!

Cali wrote:

I promised myself I’d only invest up to $80 in the stock market for starters

I would consider oil futures RIGHT NOW, only because the printed dollars have watered down the existing dollars, so the result is now’s $1.90 a gallon is equivalent to 80 cents a gallon in 2001.
Getting off the seesaw of fluctuating prices is a wise LONG TERM INVESTMENT, while putting you money on commodities that are ARTIFICIALLY LOW for that particular time period.

As for the SHOCK market on a whole, I got F~~~ED ROYAL in the crash WHIPPED CLEAN THE F~~~ OUT! When it came to bailouts, the people that F~~~ED ME were REWARDED HANDSOMELY, then EVERYONE ELSE was handed the BILL in the tune of 20 TRILLION P~~~-WATER DOLLARS! They floated away on bailout golden parachutes after RAPING THE INVESTOR, then handing him a debt bill for a prostitution’s services!
Between Wall Street, investment bankers, and politicians, there’s a strong and unbreakable honor among THIEVES!

[hollowtipsParticipant 681]

You know I’ve been doing a lot of research on best investments, especially for lower income MGTOW’s and you know what I found out? The best investment is to invest in yourself. Eat healthy, exercise, gain education, knowledge and experience, don’t be afraid to try new things and fail. Make good friends, that will give you connections, travel for inspiration, knowledge and appreciation of other cultures. I can’t stress this enough. Being MGTOW means you aren’t tied down to anyone, you should make the most of your freedom while you’re young.

Save money aggressively, become intelligent and versatile enough to be independent from a regular 9-5 job.

Don’t buy new rubbish unless it’s value can increase overtime or it can make you money. Pay off all you’re debt. Investing in stocks is a great idea but you have way better guarantee’s in yourself unlike with stocks which depend on some variable other than yourself.

[Spencer HainParticipant 1]

I am glad to see you interested in the stock market. Many people would say that thinking of investing in the stock market at this juncture when you’re just starting out is way too risky but I feel some risks are needed. I also started out in the stock market when I was barely 20 and the investments worked magic for my financial condition. I would suggest that you can go for index investing as it is one of the most cost-effective investment approach. Also, since you’re a beginner taking the help of investment professionals can help a lot. It did help me and hence I suggest it. You should also follow blogs like this where you can get sound investment advice from renowned investment professionals. Keeping track of the market is of utmost importance.

[Anonymous 42]

Spencer Hain wrote:

You should also follow blogs like this where you can get sound investment advice from renowned investment professionals. Keeping track of the market is of utmost importance.

Interest rates 0%, real estate below market value, government spending and debt at an astronomical ALL TIME HIGH.

1929 is going to look like a walk in the park once interest rates rise along side of hyperinflation, we’re well on our way to looking like Bangladesh or any other impoverished nation, the stock market is a pump and dump game for the elites. They get to pump, we get the dump! There’s only so many times they can raid the treasury to cover their own losses, we’re at 20 trillion in the red, the only black ink to be found is in the black hole that only gets larger and larger, Kiss America goodby! It started in 1913 and will end in total economic annihilation. SOON!

[Author]

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