Want to make small amount of money without too much risk to use for things like a business class upgrade on a long flight, or other small desires. Do you guys invest like that with similar goals. What have you tried. Just random stock picking or index funds?
Look into options took 2000 made it into 6500 in 2.5 months. High learning curve to learn option properly but it’s really straight forward once you get it. Options require a lot less capital that stocks and provide a much higher return the only con it’s a lot more risky if you have no idea what you are doing. If you sell credit spreads you can generate a lot of income
Can you point to a resource to learn them?
There isn’t really good resources online so you have to watch and read a lot to get the overall idea. This is my favorite guy on YouTube who does it good. Just like learning to code it can get a bit dry. https://youtu.be/3bELT5FZCic
Random stock picking doesn’t work. Index funds is where it’s at.
If you think asset prices are ergodic process then random stock picking is not different from broad index
Easy. Put 50k once into 75% stock index 25% bond, should mostly work out.
Buy TSLA
But how much is enough? And how to deal with not wanting to accept major risk?
go 100% on it
Your ambition is too low! 2-3k in bull run is nothing. Also, don't look at short term, long the stocks!
spy calls
How many of you guys were around 2007–2008?
Finally, I’m not feeling so alone anymore. It’s bat shit crazy today. Also look at the 401k switching threat in the money category.
Fairly confident 100% on this board were alive in 2007-8. Do you actually have data to share from that period? My investments have 3-4x since then.
VTSAX
+1 VTSAX. made 31% for 2019. Do the math.
It’s gonna be every year like this from now on. One year is enough to know!! https://investor.vanguard.com/mutual-funds/profile/VTSAX
Put $20-$30k into VTSAX or another index fund
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Index funds if you are going for low risk