Posted 10/13/2021 17:15 (#9267174 - in reply to #9267145) Subject: RE: Where does a young guy start investing money?
Invest in something that will give you a return not just appreciate (or depreciate)
With your money that you currently have saved:
Four things you are bound to need in life is wood working abilities, welding/torch abilities, mechanics, and electrical understanding. Buy the tools needed for these skills and learn how to use them.
Buy things you are going to need in life. Lawn mower, appliances, wedding ring, weed trimmer, full line of M18 power tools. Stick them in a rent a shed if you don’t have a place for them at your place or your parents.
These are the things to buy with your money you have saved. The things you want to INVEST in you go to the bank and get a loan. They will give you the money for your investment. Buy a duplex buy a commercial property, buy a piece of farm equipment if you have a couple farmers work lined up, roof or concrete but you start that and you will probably get sucked into it instead of farming.
Or go get a good job to float your duplex/commercial property there are plenty of good paying jobs available.
Whatever you do don’t blow it at the bar then get a DUI or get some random chick pregnant.
Make a plan, stick to it and WHEN it changes be prepared to change with it and adapt
After you bought and invested in all that if you have any left over you can play in the commodity markets if you keep it small. The point in playing the commodity markets is not to get rich or make TONS of money but to prove that you are able to make money… that CAN be done on a small scale