I'm thinking of buying Bitcoin. Is right now a good time, since it's dropped? I'm kinda hesitant because of the Ukraine situation and the Olympics. I'm thinking that if I buy now, in a a week or 2 after Olympics that it might drop.
If you're investing in the stock market you have to plan to leave your money where you invest it for at least 5 years. And longer would be better.Ok, I have about 45k, to invest while i find a property. So what is a good investment, where I can pull out at any time? I am not looking for big gains, just a s long as it makes something, instead of just sitting in my savings acct making nothing.
Ok, I have about 45k, to invest while i find a property. So what is a good investment, where I can pull out at any time? I am not looking for big gains, just a s long as it makes something, instead of just sitting in my savings acct making nothing.
So this is a money that you NEED eventually, not something you are trying to invest because it is excess. It is also not something you need for your next rent payment or your next meal, so it is not short term need.Ok, I have about 45k, to invest while i find a property. So what is a good investment, where I can pull out at any time? I am not looking for big gains, just a s long as it makes something, instead of just sitting in my savings acct making nothing.
with these ev´s craze, neodymium, cobalt will be soon precious prices are climbingCrypto is kind of a really big Ponzi scheme, it's not backed by anything at all. If I had a safe big enough & secure enough to hold it, a kilo of gold would be my call.
I have this money and I have an open HELOC loan, so when my realtor finds a good buy on a Tx property, I'll use it as a down payment.So this is a money that you NEED eventually, not something you are trying to invest because it is excess. It is also not something you need for your next rent payment or your next meal, so it is not short term need.
In that case I would use it as a rainy day fund and maybe some small amount in index fund to test the water, but definitely not for bitcoin or any crypto.
Probably not worth the effort/risk because you open yourself up to short term capital gains if you're going to pull the money out this tax year. There's also a lot of regulatory uncertainty around cryptos. The market is driven the the Fear of Missing Out and the Greater Fool Theory.Ok, I have about 45k, to invest while i find a property. So what is a good investment, where I can pull out at any time? I am not looking for big gains, just a s long as it makes something, instead of just sitting in my savings acct making nothing.