Message from @RooftopKorean

Discord ID: 709592908562694145


2020-05-11 19:57:28 UTC  

**This is a trial channel for the discussion of topics including economics, financial markets, securities, currencies (including cryptocurrencies), commodities, starting and running a business, etc.**

1. No begging.

2. This is not a market or a place for advertisement. Use <#704687682017820753>.

3. Server <#704797191797080115> apply.

2020-05-11 20:18:55 UTC  

I've had a Bitcoin wallet with like 0.001 in it just sitting for the last couple years. Lol.

2020-05-11 20:26:44 UTC  

I'm holding monero, it's like bitcoin but untraceable, hope it goes up more

2020-05-11 20:34:24 UTC  

I like monero, not a fan of having just one address though. I can't publicly post one address to receive donations and a different one for private transactions.

2020-05-11 20:37:03 UTC  

You could make another address for donations and post that one. Multiple addresses are allowed in a single wallet iirc.

2020-05-11 20:51:38 UTC  

Maybe. I haven't used it in a couple years.

2020-05-11 20:53:20 UTC  

I just got in a couple mos ago, could have changed

2020-05-12 00:49:41 UTC  

I’m not into all the crypto’s yet but I know a lot ab normal finance

2020-05-12 00:50:05 UTC  

Sadly IRAs and 401ks are all dependent on the state so...

2020-05-12 02:28:53 UTC  

Now’s the time to buy stocks

2020-05-12 02:29:03 UTC  

ERX is a good one

2020-05-12 02:29:31 UTC  

Its eh

2020-05-12 02:29:44 UTC  

put it in berk.b

2020-05-12 02:29:48 UTC  

forget about it

2020-05-12 02:32:38 UTC  

bitcoin, Probably see a return on that in a year

2020-05-12 02:33:54 UTC  

I got shitted on by crypto. I lost thousands when it crashed a couple year back. Haven’t invested in it since. Economy is down. Lots of cheap stocks out there now

2020-05-12 23:32:34 UTC  

Don’t even fuss with individual stocks

2020-05-12 23:32:43 UTC  

Index funds and let them ride

2020-05-13 02:10:24 UTC  

My 401k is back up to where it was before the start of this covid shit

2020-05-13 03:26:23 UTC  

I’d be more worried ab long term effects

2020-05-13 19:28:16 UTC  

reminds me that I need to move my 401k from my old job to my new job

2020-05-14 02:35:09 UTC  

Just remembered, there's a mutual fund that my economics professor suggested as supposedly it consistently outperforms the S&P 500. "AMAGX"

2020-05-14 02:39:16 UTC  

still pretty closely matches it, though it doesn't seem to dump as hard as the rest of the stock market when things turn south. I forgot what it was, but he said something about being ran with islamic principles, specifically excluding certain types of businesses.

2020-05-15 07:07:35 UTC  

islamic principles also means (mostly) no interest rate on loans. or very low rates.

2020-05-15 12:40:15 UTC  

I wanna say he said they don't have any stock that has to do with banking companies

2020-05-15 21:01:55 UTC  

> islamic principles also means (mostly) no interest rate on loans. or very low rates.
@Thecoolnerd98 Christian doctrine also condemns usury, unlike Talmudic Judaism.

2020-05-15 21:02:14 UTC  

Unfortunately thats rarely followed anymore

2020-05-21 05:10:35 UTC  

I cashed my 401k out a while ago. Yeah I had to pay taxes and penalty and no longer get employer matching. But I've literally doubled my return rate by re-investing everything myself. Plus I can take out the money whenever I want now without asking for permission or getting slapped with penalties and taxes. Obviously dont do this if you dont have any clue about investing.

2020-05-21 05:14:28 UTC  

Fucking taxes