Message from @Frater C
Discord ID: 644267501060096011
how much do you think is good enough to start with, for investing?
For instance, you have a person in their early 20s in a moderately populated city you can lease a base model Tesla for 499 a month 36 months for 10,000 miles
ah yes never make fun of a ferengi's mother, thats how you do well in the stock market
200 dollars @jill
Only makes sense for them to by the car if you take into account the savings and luxuries @Frater C
really? thats doable
For instance, my model 3 <:tickled:619648134561267723>
<:tickled:619648134561267723> <:tickled:619648134561267723> <:tickled:619648134561267723>
@Crippled Cupid with $200 in investing is good only if you aren't afraid to lose that $200 within a day and if you do your research that won't happen and then you can leverage your earnings to make smarter investments that'll get you more gains
But as with all things the knowledge that you need to do such a thing is hours and hours
Now I don't know about the Mexico government regulations but in the US to use margin you have to have at least $2,000 in your bank account
But as a beginner stay far away from money that isn't yours
^^^^^^
Do not take out loans or credit cards, as tempting or confident as you may feel.
That's the truth
Also stocks that may seem very volatile (penny stocks) away from those for now
what are penny stocks?
Nah, I am not
It's pretty good rn, do some research
Aghh
Avoid them.
Well
True
About a year ago I made some pretty good money off of crypto
I Don't recommend it at all
Some people are able to make big money off of penny stocks, but they are risky and volatile, it's more gambling and not worth long term investments.
but what are penny stocks
like, whats an example
For me, crypto and penny stocks are too risky.
You can get rich, but you can lose it all just as fast.
Penny stocks are stocks that are dirt cheap.
Yeah and if you want to make consistent money off of penny stocks you have to have a lot of data and you have to understand that data and come to concise and fast decisions
Penny stocks is any stock that is under $10 I believe
But not all of them are volatile
Most people buy into them hoping that it will go up within a matter of days or weeks so they can sell them. You can buy tons of penny stocks quickly, and sell them.
Aye.
Some arent volatile.
Exactly and so a ten-cent jump can mean a lot of money