Mr_Companie posted:

I'm assuming you have a fulltime job and want your investments to be strictly passive income. I am not a financial advisor, but this is just what has worked for me, a poo poo poster

- Only invest in things that you understand
- Only sell when you need the money
- Research. If you can't explain to your grandma how the company or asset turns a profit, pass. If you aren't sure, pass
- Invest in products and services that are #1 in their field or have a captive audience
- Spread your bets out. Better to diversify before you double down
- Be ready to hold for multiple years before you actualize your returns
- Real estate as an investment depends on where you live, but once you've paid it off you have access to a lot of equity
- If you invest in something high risk like day trading, crypto, or NFT's have a %ROI in mind to pull your stake money and reinvest it
- Capital gains on collectibles are locked at a 28% tax rate whether you hold for a year or not. If you were, however, to hit it big in the collectible world and needed access to capital, you could, in theory, have your holdings appraised and use the new valuation as collateral for a loan. Since you haven't actually made a sale though, you wouldn't have to pay any taxes for your paper earnings

You make your money on the buy. Don't wait for the market to bottom out to make a move, though, or you'll just get left behind. Over a long enough period of time, any well thought out investment should give you a return.