So parking money traditionally means investing it with low volatility...
Short-term fixed-interest bonds with a higher credit rating.
It's no use if $BTC is down 30% and you want to buy more and the Nasdaq is also down 25%...
Short-term fixed-interest bonds with a higher credit rating.
It's no use if $BTC is down 30% and you want to buy more and the Nasdaq is also down 25%...
•
33
•
@PowerWordChill Again, completely correct... Maybe I'm just bad at printing.... I just want to maximize the return from 2024... Sell at the end of 2024 and then switch to Bitcoin in 2025.... and of course hope that the Bitcoin price comes down a bit by then. or does that sound illogical to you too?
••
@Testo-Investor You're still new and have a lot of money, which is a combination that usually doesn't work well. New investors in particular still have a lot to learn and that usually happens through pain.
Since you have money, you don't have to speculate.
But if you want to speculate, then it's best to do it with sums that you can cope with losing completely.
And experience shows that most people overestimate their ability to take risks.
It's best to divide the sum by two.
You will almost certainly experience a crash in your investment run that will cost you 40% or more. And as a rule, there will then be no V-shaped recovery, but a good old extended bear market that only makes a new ATH after several years.
That sounds abstract and you think to yourself, I can take it.
What you completely disregard is that it doesn't crash for no reason, imagine you only hear bad news for years. That does things to you.
That's why I advise you to continue with the ETFs.
Take some "FUCK-YOU-MONEY", an amount just big enough that it hurts when it's gone. And gamble with it for all it's worth. Make your mistakes with small money, good investing is BORING!
"Those who have a lot of money can speculate, those who have little money must not speculate, those who have no money must speculate", André Kostolany
Since you have money, you don't have to speculate.
But if you want to speculate, then it's best to do it with sums that you can cope with losing completely.
And experience shows that most people overestimate their ability to take risks.
It's best to divide the sum by two.
You will almost certainly experience a crash in your investment run that will cost you 40% or more. And as a rule, there will then be no V-shaped recovery, but a good old extended bear market that only makes a new ATH after several years.
That sounds abstract and you think to yourself, I can take it.
What you completely disregard is that it doesn't crash for no reason, imagine you only hear bad news for years. That does things to you.
That's why I advise you to continue with the ETFs.
Take some "FUCK-YOU-MONEY", an amount just big enough that it hurts when it's gone. And gamble with it for all it's worth. Make your mistakes with small money, good investing is BORING!
"Those who have a lot of money can speculate, those who have little money must not speculate, those who have no money must speculate", André Kostolany
•
33
•@PowerWordChill Those were really very wise words! Thank you very much for that! I will definitely take that to heart in the future!!! Of course I'll have to try things out a bit at the beginning. Yes, it's a lot of fun to play around with a bit of money and I really don't need to speculate, you're absolutely right. Nevertheless, I have now decided to invest €10,000 in the Nasdaq 100 and will follow my plan or my goal in 2024 and see what awaits me. From 2025, I should finally have found myself in order to set myself up a little more solidly and thoughtfully. Thanks again! Really mega that you put so much effort into the text!!!!
•
11
•