Message from @Revaeroski

Discord ID: 808943613643325460


2021-02-10 06:06:14 UTC  

many different apps out there like that if you want to practice, it's not real money though

2021-02-10 06:06:37 UTC  

Well toilet paper has the same worth as the inflated Venezuelan coin so I'll need a lot of it for a good exchange

No worries tho
I have the clinton books to wipe my ass

2021-02-10 06:06:48 UTC  

definitely good to practice on that though and see if it's for you.

2021-02-10 06:07:27 UTC  

just pick one and give it a go

2021-02-10 06:07:33 UTC  

Seems that everyone involved in this has to have their buttcheeks stiff

2021-02-10 06:07:37 UTC  

What's that?

2021-02-10 06:07:54 UTC  

Is that the simulation you talked about

2021-02-10 06:07:55 UTC  

paper trading apps, simulated stock trading

2021-02-10 06:07:58 UTC  

yes

2021-02-10 06:08:12 UTC  

Ah interesting
What is better? PC or mobile

2021-02-10 06:08:23 UTC  

Just dumped into comp

2021-02-10 06:08:29 UTC  

🤞

2021-02-10 06:08:51 UTC  

Cross your fingers, arms legs and penis if it's long enough

2021-02-10 06:08:53 UTC  

Hope for the best

2021-02-10 06:09:05 UTC  

But be prepared for the worst

2021-02-10 06:09:15 UTC  

Use coinbase. Until you get the hang of what you're doing, you can also make free coin from it too. So it basically let's you play around for free. That's what i recommend to everyone at first.
Then I'd switch to bittrex. That's my personal fav for day trades.
Then I have hard wallets for the rest of my stuff that I just hold and don't mess with.

2021-02-10 06:11:03 UTC  

This multinational inter industry investors/share and digital coin based market makes my head hurt a bit

But that's to be expected with all those complex interactions

2021-02-10 06:12:31 UTC  

You can also always invest in stock for a longer term, get lower taxes for that instead of getting hit with short term capital gains taxes (which I hear is just normal tax)

2021-02-10 06:12:47 UTC  

and you don't get taxed until you pull it out and it becomes realized gains

2021-02-10 06:13:06 UTC  

if you lose money, it's realized losses and you can actually write that off on your taxes

2021-02-10 06:14:18 UTC  

Oh really

2021-02-10 06:14:43 UTC  

What is the tax percentage? Or it depends on the value?

2021-02-10 06:16:01 UTC  

percentage changes depending on how much you made, just like with income

2021-02-10 06:16:12 UTC  

puts you into a higher tax bracket the more you make.

2021-02-10 06:17:01 UTC  

Interesting

2021-02-10 06:17:52 UTC  

This is foreign to me, here in PR it always stays static no matter what you earn
It's an 11.5% and increasing, corrupt sons of bitches

They get billions and we are still on debt

2021-02-10 06:17:55 UTC  

how old are you?

2021-02-10 06:18:29 UTC  

and do you have a retirement account setup? You should at least be contributing to that, earlier the better

2021-02-10 06:18:39 UTC  

like a 401K or Roth IRA

2021-02-10 06:18:41 UTC  

18 now, just getting the hang of a bunch of stuff

2021-02-10 06:19:14 UTC  

ok, you don't necessarily have to have an employer that does matching retirement fund contributions, you can always open an account and just do it on your own

2021-02-10 06:19:25 UTC  

although it's a nice thing to have when looking for work

2021-02-10 06:20:07 UTC  

the earlier in life you start that, the better. Lots of people think that just depending on social security will be sufficient, but it won't be

2021-02-10 06:20:21 UTC  

This is quite the change of old ways
How old are you?
I suppose you are... 20s early 30s...

2021-02-10 06:20:27 UTC  

or they'll start their retirement account in their mid 40's early 50's and they're screwed

2021-02-10 06:20:31 UTC  

30's

2021-02-10 06:21:14 UTC  

I started my retirement account when I hit 20, and just had a "set it and forget it" approach to it.

2021-02-10 06:21:36 UTC  

automatic contributions from my paycheck would go to it and I'd check on it every once in a while

2021-02-10 06:22:25 UTC  

I've always gotten myself around by washing cars, selling newspapers, that type of stuff
This... is so alien, but it will come as benefit

Tho I dont want to dedicate my life into the economy, everybody wants to be rich but life has taught me its better to just be sufficiently well off for your family and to help others

2021-02-10 06:23:27 UTC  

yeah I've also been thinking about setting up an IRA or a 401k plan