The more Depressed and Sad I am, the more Coffee I have.
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Forum Games
Play word and forum games here.
TOPIC | The CTRL+V Game
[columns][nextcol]
[img]https://66.media.tumblr.com/96db62634889b0842458958ef56a5765/tumblr_nko54n37pX1sf301oo7_250.png[/img]
[nextcol][center]
[b]?[/b] lightsgodown's Lair [b]?[/b][/center]
[sub]
lights ? she/they ? here & queer
[b]wishlists[/b]
[url=https://flightrising.com/main.php?p=lair&id=486256&tab=dragon&did=54891825]general items[/url] | [url=https://flightrising.com/main.php?p=lair&id=486256&tab=dragon&did=55639518]dream dragons[/url]
[b]currently into[/b]
"the emo trinity", homestuck, the umbrella academy, the riordanverse, origami, bdg, a:tla, like-minded youth
[b]timezone[/b]
FR +0
[/columns]
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[columns]
[sub][b]things to remember:[/b]
- start killjoy breeding project
- write lore
- [url=https://www1.flightrising.com/forums/help/2846991/1#post_42920857]coli builds[/url]
- FANDRAGONS!![/sub]
[nextcol]
[sub][b]needed/wanted:[/b]
- art for my dragons
- lair expansion funds
- hibden items
- unhatched eggs[/sub]
[nextcol]
[center]
[img]https://dl.dropboxusercontent.com/s/k3dglaea6amovyh/plagueshieldr.png[/img][/center][/columns]
[size=1]credits: [url=https://flightdescending.tumblr.com/post/112664081943/i-bring-to-you-transparent-giant-flight-emblems]plague emblem (BatCrooks)[/url], [url=https://flightrising.com/main.php?p=lair&tab=dragon&id=30450&did=2177898]plague icon (osiem)[/url], [url=https://flightrising.com/main.php?p=lair&tab=userpage&id=49965]bbcode (ramuda)[/url][/size]
...'s my bio.
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? lightsgodown's Lair ?
lights ? she/they ? here & queer wishlists general items | dream dragons currently into "the emo trinity", homestuck, the umbrella academy, the riordanverse, origami, bdg, a:tla, like-minded youth timezone FR +0 |
|
things to remember: - start killjoy breeding project - write lore - coli builds - FANDRAGONS!! |
needed/wanted: - art for my dragons - lair expansion funds - hibden items - unhatched eggs |
|
credits: plague emblem (BatCrooks), plague icon (osiem), bbcode (ramuda)
...'s my bio.
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(A gmail account of a client of mine, I can't post it XP)
(A gmail account of a client of mine, I can't post it XP)
[url=https://www1.flightrising.com/dragon/43887200][img]https://www1.flightrising.com/rendern/350/438873/43887200_350.png[/img][/url]
oh my wish list....
VR
Hmmmmm...
I'm pretty sure it was for a radio station I was looking for...
Hmmmmm...
I'm pretty sure it was for a radio station I was looking for...
VR
Hmmmmm...
I'm pretty sure it was for a radio station I was looking for...
Hmmmmm...
I'm pretty sure it was for a radio station I was looking for...
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Alright Kids.
I’m 31 years old, and I look back on the last 11-13 years and wanted to share some financial advice, advice I wish I received from my parents or teachers when I was in high school. This is a little letter to my teenage self, and I think you will all find a lot of great ideas.
I look back and realized if someone would had told me the following, my life would be very different. I have been very successful throughout my life but was never taught how to invest money.
Investing is not for old people, it’s not for people in their 30’s and 40’s. It’s for you, on your 18th birthday.
When you turn 18, you are legally able to invest money for your future. On your 18th birthday, you should be opening an investment account.
For example, let’s pretend it was 5 years ago. On your 18th birthday, you had $1000 dollars saved. Let’s say you bought the following stocks, with your $1000 evenly across them (these are all examples that are high growth areas that I have looked at and invested into).
-CrowdStrike (Cybersecurity used by big companies)
-AMD (Computer parts)
-NVIDIA (Computer parts)
-Netflix
-Zoom
-Okta (Security for big businesses)
-Trade Desk
-Zynga (Digital Games company)
Tesla
If you put $1000 dollars across all these shares evenly, and then put in 10 dollars a month by year 5 you would be sitting on $73,000. By year 7 you would be sitting on almost $400,000. By year 10 it would be worth $4.84 million dollars. This is all based on 5 years of past market data.
All up you would have invested $2190, and in return in a decade if you kept investing every month that 10 dollars, and never touched the original $1000, you would be worth almost 5 million dollars. Imagine being 30 years old and having $5 million to then be able to invest responsibly even further… you would be able to work part time in a job you loved and didn’t hate, and just enjoy life.
Now the past is NOT an indication of the future – but the point of this exercise is to show you if you are smart and invest in big and emerging companies like Apple, Netflix, Trade Desk, NVIDIA etc, over just a mid-long periods of time you could very well retire in your 30’s and live debt free for the rest of your life
PEOPLE DON’T TEACH YOU ABOUT MONEY BECAUSE THEY WANT YOU TO WORK FOR THE REST OF YOUR LIFE.
The education system is set up in a way to try and enslave you into work for the rest of your life. Don’t let that happen to you. If you be smart in your 20’s, you will be set for the rest of your life. They want you to slave away in a job that doesn’t pay you well, to retire with benefits that they will eventually take away from you. Don’t let the system do that to you. The dickheads on wall street also make it sound far too complicated and scary for an average person to get involved in. They will throw around terms that you don’t know, and it's all to try and confuse the sh!t out of you. They want to make money, and they want you to work the minimum hour job so that company can keep making huge profits of your misery.
My advice is to read read read. Read and learn how the stock market & shares work in companies. Learn about dividends that companies pay you every month for just investing in their company. Learn about taxes and how it could affect you.
YES – this stuff can be boring to read, and you might not find it very exiting as hours of scrolling on TikTok or Reddit…. But your future self will thank you (and maybe thank me).
Watch an hour of CNBC every week and get to know what they are talking about with financial news. You might find it painfully boring, but really listen. Listen to what they are talking about with trends. Listen to what’s happening in the world of financial markets. Watch the opening bell program at 9:30am Eastern and learn how it works, and what they are talking about. LISTEN LISTEN LISTEN. Take Notes.
Read a website called Motley Fool. Read Market Watch. Read Yahoo Financial.
Watch interview Youtube with Warren Buffet. Listen to what that guy has to say – he has amassed one of the greatest fortunes on earth from simply reading, and understanding how companies work, and investing in the right ones.
DO NOT look at your stocks and shares every single day. There WILL be days you see them go down, but just remember that you are not worried about this, you are looking at years from now. It is scary to see a stock drop 5% on a day and your money vanish. Just remember – it is only a LOSS when you sell. You have not lost a CENT until you press that sell button.
BUY LOW, SELL HIGH. ALWAYS.
BUY IN BIG NAMES
There is a lot of “experts” out there that will try and tell you about this great new stock and its very low and it’s about to explode. These are called penny stocks – go see Wolf of Wall Street to learn more.
These are super risky stocks that will skyrocket only a small percentage of the time. There is SO much money to be made in a 10-year window if you invest in just the safe big companies. Don’t be a schmuck and put 1000’s into a company selling its stocks for $1.98.
Be smart, play it safe and you will increase your odds of that goal of having a million in the bank by a large percentage. Yes it might take an extra 4 or 5 years, but in the grand scheme of things would you rather that then lose all your money to a scam company that goes bankrupt?
There is a thing now called “fractional shares” which means for the big boy stocks like Amazon, you can own just a small percentage of a share. That means you will still get some performance of a single share of amazon, but just on your fraction. If you keep putting your 10 dollars a month evenly across your shares, you will slowly grow your share amounts.
For example. I have .8943 of a stock in Amazon. It is worth 2,264, where a full stock is worth 3,198. I have slowly built this up over the last month and already my investment is up $133 dollars or 6.26%. I have put a little bit of money every day into this stock, and every day it goes towards my goals.
This is an amazing time to be alive for young people & investing. You can put even just a few dollars per week towards a big expensive stock like Amazon, Google etc. – and still earn the same rate of reward as the big-time investors. And you can do it from your phone or computer!
DO NOT USE WALLSTREET AS A CASINO. DO NOT BET IT ALL ON 1 SINGLE STOCK. Spread your money out over 15 -20 stocks. Look at what some of those websites I mentioned are talking about. Read the forecast for the future. Learn what the companies make and do. Think logically – what could this product / industry do in 5-10 years time.
That’s pretty much it guys. I just wanted to really write something that I wish I read when I was 15 -18. I regret not knowing how stocks worked until last year. I regret not being more in-tune with financial news, but I am trying to make up for it now.
Don’t be like me. Start putting that 10 dollars a month, 5 dollars per week, whatever you can afford towards your future by the time you hit 30 – you will be in such a wonderful position.
Just remember – THEY DON’T WANT YOU TO KNOW HOW TO INVEST / WHAT TO INVEST IN & MAKE IT SEEM SCARY BECAUSE THEY WANT YOU TO WORK YOUR 9-5 JOB FOR UNTIL YOU TURN 70. Don’t let the ******** do that to you.
On a more personal note - since this is kind of like a letter to my self.
Things get better. As a kid that was bullied, harassed & tormented through High School... if you put your head down, you just work hard, amazing things can and will happen. Be your beautiful individual self. Don't chase those who don't want you. You will find your place in the world, it just takes some time.
I didn't have much of a future when I was your age, but I found my passion in life and I was able to build a pretty cool life out of it and was able to travel the world and have visited over 90 countries. Keep that chin up, keep smiling, and know that you are loved, cherished, and valued. You have SO much to contribute to the world, and you will. Don't let the bad guys win.
Love
xx
oh hey this was from a (now deleted) reddit thread on financial advice for young people
I’m 31 years old, and I look back on the last 11-13 years and wanted to share some financial advice, advice I wish I received from my parents or teachers when I was in high school. This is a little letter to my teenage self, and I think you will all find a lot of great ideas.
I look back and realized if someone would had told me the following, my life would be very different. I have been very successful throughout my life but was never taught how to invest money.
Investing is not for old people, it’s not for people in their 30’s and 40’s. It’s for you, on your 18th birthday.
When you turn 18, you are legally able to invest money for your future. On your 18th birthday, you should be opening an investment account.
For example, let’s pretend it was 5 years ago. On your 18th birthday, you had $1000 dollars saved. Let’s say you bought the following stocks, with your $1000 evenly across them (these are all examples that are high growth areas that I have looked at and invested into).
-CrowdStrike (Cybersecurity used by big companies)
-AMD (Computer parts)
-NVIDIA (Computer parts)
-Netflix
-Zoom
-Okta (Security for big businesses)
-Trade Desk
-Zynga (Digital Games company)
Tesla
If you put $1000 dollars across all these shares evenly, and then put in 10 dollars a month by year 5 you would be sitting on $73,000. By year 7 you would be sitting on almost $400,000. By year 10 it would be worth $4.84 million dollars. This is all based on 5 years of past market data.
All up you would have invested $2190, and in return in a decade if you kept investing every month that 10 dollars, and never touched the original $1000, you would be worth almost 5 million dollars. Imagine being 30 years old and having $5 million to then be able to invest responsibly even further… you would be able to work part time in a job you loved and didn’t hate, and just enjoy life.
Now the past is NOT an indication of the future – but the point of this exercise is to show you if you are smart and invest in big and emerging companies like Apple, Netflix, Trade Desk, NVIDIA etc, over just a mid-long periods of time you could very well retire in your 30’s and live debt free for the rest of your life
PEOPLE DON’T TEACH YOU ABOUT MONEY BECAUSE THEY WANT YOU TO WORK FOR THE REST OF YOUR LIFE.
The education system is set up in a way to try and enslave you into work for the rest of your life. Don’t let that happen to you. If you be smart in your 20’s, you will be set for the rest of your life. They want you to slave away in a job that doesn’t pay you well, to retire with benefits that they will eventually take away from you. Don’t let the system do that to you. The dickheads on wall street also make it sound far too complicated and scary for an average person to get involved in. They will throw around terms that you don’t know, and it's all to try and confuse the sh!t out of you. They want to make money, and they want you to work the minimum hour job so that company can keep making huge profits of your misery.
My advice is to read read read. Read and learn how the stock market & shares work in companies. Learn about dividends that companies pay you every month for just investing in their company. Learn about taxes and how it could affect you.
YES – this stuff can be boring to read, and you might not find it very exiting as hours of scrolling on TikTok or Reddit…. But your future self will thank you (and maybe thank me).
Watch an hour of CNBC every week and get to know what they are talking about with financial news. You might find it painfully boring, but really listen. Listen to what they are talking about with trends. Listen to what’s happening in the world of financial markets. Watch the opening bell program at 9:30am Eastern and learn how it works, and what they are talking about. LISTEN LISTEN LISTEN. Take Notes.
Read a website called Motley Fool. Read Market Watch. Read Yahoo Financial.
Watch interview Youtube with Warren Buffet. Listen to what that guy has to say – he has amassed one of the greatest fortunes on earth from simply reading, and understanding how companies work, and investing in the right ones.
DO NOT look at your stocks and shares every single day. There WILL be days you see them go down, but just remember that you are not worried about this, you are looking at years from now. It is scary to see a stock drop 5% on a day and your money vanish. Just remember – it is only a LOSS when you sell. You have not lost a CENT until you press that sell button.
BUY LOW, SELL HIGH. ALWAYS.
BUY IN BIG NAMES
There is a lot of “experts” out there that will try and tell you about this great new stock and its very low and it’s about to explode. These are called penny stocks – go see Wolf of Wall Street to learn more.
These are super risky stocks that will skyrocket only a small percentage of the time. There is SO much money to be made in a 10-year window if you invest in just the safe big companies. Don’t be a schmuck and put 1000’s into a company selling its stocks for $1.98.
Be smart, play it safe and you will increase your odds of that goal of having a million in the bank by a large percentage. Yes it might take an extra 4 or 5 years, but in the grand scheme of things would you rather that then lose all your money to a scam company that goes bankrupt?
There is a thing now called “fractional shares” which means for the big boy stocks like Amazon, you can own just a small percentage of a share. That means you will still get some performance of a single share of amazon, but just on your fraction. If you keep putting your 10 dollars a month evenly across your shares, you will slowly grow your share amounts.
For example. I have .8943 of a stock in Amazon. It is worth 2,264, where a full stock is worth 3,198. I have slowly built this up over the last month and already my investment is up $133 dollars or 6.26%. I have put a little bit of money every day into this stock, and every day it goes towards my goals.
This is an amazing time to be alive for young people & investing. You can put even just a few dollars per week towards a big expensive stock like Amazon, Google etc. – and still earn the same rate of reward as the big-time investors. And you can do it from your phone or computer!
DO NOT USE WALLSTREET AS A CASINO. DO NOT BET IT ALL ON 1 SINGLE STOCK. Spread your money out over 15 -20 stocks. Look at what some of those websites I mentioned are talking about. Read the forecast for the future. Learn what the companies make and do. Think logically – what could this product / industry do in 5-10 years time.
That’s pretty much it guys. I just wanted to really write something that I wish I read when I was 15 -18. I regret not knowing how stocks worked until last year. I regret not being more in-tune with financial news, but I am trying to make up for it now.
Don’t be like me. Start putting that 10 dollars a month, 5 dollars per week, whatever you can afford towards your future by the time you hit 30 – you will be in such a wonderful position.
Just remember – THEY DON’T WANT YOU TO KNOW HOW TO INVEST / WHAT TO INVEST IN & MAKE IT SEEM SCARY BECAUSE THEY WANT YOU TO WORK YOUR 9-5 JOB FOR UNTIL YOU TURN 70. Don’t let the ******** do that to you.
On a more personal note - since this is kind of like a letter to my self.
Things get better. As a kid that was bullied, harassed & tormented through High School... if you put your head down, you just work hard, amazing things can and will happen. Be your beautiful individual self. Don't chase those who don't want you. You will find your place in the world, it just takes some time.
I didn't have much of a future when I was your age, but I found my passion in life and I was able to build a pretty cool life out of it and was able to travel the world and have visited over 90 countries. Keep that chin up, keep smiling, and know that you are loved, cherished, and valued. You have SO much to contribute to the world, and you will. Don't let the bad guys win.
Love
xx
oh hey this was from a (now deleted) reddit thread on financial advice for young people
Alright Kids.
I’m 31 years old, and I look back on the last 11-13 years and wanted to share some financial advice, advice I wish I received from my parents or teachers when I was in high school. This is a little letter to my teenage self, and I think you will all find a lot of great ideas.
I look back and realized if someone would had told me the following, my life would be very different. I have been very successful throughout my life but was never taught how to invest money.
Investing is not for old people, it’s not for people in their 30’s and 40’s. It’s for you, on your 18th birthday.
When you turn 18, you are legally able to invest money for your future. On your 18th birthday, you should be opening an investment account.
For example, let’s pretend it was 5 years ago. On your 18th birthday, you had $1000 dollars saved. Let’s say you bought the following stocks, with your $1000 evenly across them (these are all examples that are high growth areas that I have looked at and invested into).
-CrowdStrike (Cybersecurity used by big companies)
-AMD (Computer parts)
-NVIDIA (Computer parts)
-Netflix
-Zoom
-Okta (Security for big businesses)
-Trade Desk
-Zynga (Digital Games company)
Tesla
If you put $1000 dollars across all these shares evenly, and then put in 10 dollars a month by year 5 you would be sitting on $73,000. By year 7 you would be sitting on almost $400,000. By year 10 it would be worth $4.84 million dollars. This is all based on 5 years of past market data.
All up you would have invested $2190, and in return in a decade if you kept investing every month that 10 dollars, and never touched the original $1000, you would be worth almost 5 million dollars. Imagine being 30 years old and having $5 million to then be able to invest responsibly even further… you would be able to work part time in a job you loved and didn’t hate, and just enjoy life.
Now the past is NOT an indication of the future – but the point of this exercise is to show you if you are smart and invest in big and emerging companies like Apple, Netflix, Trade Desk, NVIDIA etc, over just a mid-long periods of time you could very well retire in your 30’s and live debt free for the rest of your life
PEOPLE DON’T TEACH YOU ABOUT MONEY BECAUSE THEY WANT YOU TO WORK FOR THE REST OF YOUR LIFE.
The education system is set up in a way to try and enslave you into work for the rest of your life. Don’t let that happen to you. If you be smart in your 20’s, you will be set for the rest of your life. They want you to slave away in a job that doesn’t pay you well, to retire with benefits that they will eventually take away from you. Don’t let the system do that to you. The dickheads on wall street also make it sound far too complicated and scary for an average person to get involved in. They will throw around terms that you don’t know, and it's all to try and confuse the sh!t out of you. They want to make money, and they want you to work the minimum hour job so that company can keep making huge profits of your misery.
My advice is to read read read. Read and learn how the stock market & shares work in companies. Learn about dividends that companies pay you every month for just investing in their company. Learn about taxes and how it could affect you.
YES – this stuff can be boring to read, and you might not find it very exiting as hours of scrolling on TikTok or Reddit…. But your future self will thank you (and maybe thank me).
Watch an hour of CNBC every week and get to know what they are talking about with financial news. You might find it painfully boring, but really listen. Listen to what they are talking about with trends. Listen to what’s happening in the world of financial markets. Watch the opening bell program at 9:30am Eastern and learn how it works, and what they are talking about. LISTEN LISTEN LISTEN. Take Notes.
Read a website called Motley Fool. Read Market Watch. Read Yahoo Financial.
Watch interview Youtube with Warren Buffet. Listen to what that guy has to say – he has amassed one of the greatest fortunes on earth from simply reading, and understanding how companies work, and investing in the right ones.
DO NOT look at your stocks and shares every single day. There WILL be days you see them go down, but just remember that you are not worried about this, you are looking at years from now. It is scary to see a stock drop 5% on a day and your money vanish. Just remember – it is only a LOSS when you sell. You have not lost a CENT until you press that sell button.
BUY LOW, SELL HIGH. ALWAYS.
BUY IN BIG NAMES
There is a lot of “experts” out there that will try and tell you about this great new stock and its very low and it’s about to explode. These are called penny stocks – go see Wolf of Wall Street to learn more.
These are super risky stocks that will skyrocket only a small percentage of the time. There is SO much money to be made in a 10-year window if you invest in just the safe big companies. Don’t be a schmuck and put 1000’s into a company selling its stocks for $1.98.
Be smart, play it safe and you will increase your odds of that goal of having a million in the bank by a large percentage. Yes it might take an extra 4 or 5 years, but in the grand scheme of things would you rather that then lose all your money to a scam company that goes bankrupt?
There is a thing now called “fractional shares” which means for the big boy stocks like Amazon, you can own just a small percentage of a share. That means you will still get some performance of a single share of amazon, but just on your fraction. If you keep putting your 10 dollars a month evenly across your shares, you will slowly grow your share amounts.
For example. I have .8943 of a stock in Amazon. It is worth 2,264, where a full stock is worth 3,198. I have slowly built this up over the last month and already my investment is up $133 dollars or 6.26%. I have put a little bit of money every day into this stock, and every day it goes towards my goals.
This is an amazing time to be alive for young people & investing. You can put even just a few dollars per week towards a big expensive stock like Amazon, Google etc. – and still earn the same rate of reward as the big-time investors. And you can do it from your phone or computer!
DO NOT USE WALLSTREET AS A CASINO. DO NOT BET IT ALL ON 1 SINGLE STOCK. Spread your money out over 15 -20 stocks. Look at what some of those websites I mentioned are talking about. Read the forecast for the future. Learn what the companies make and do. Think logically – what could this product / industry do in 5-10 years time.
That’s pretty much it guys. I just wanted to really write something that I wish I read when I was 15 -18. I regret not knowing how stocks worked until last year. I regret not being more in-tune with financial news, but I am trying to make up for it now.
Don’t be like me. Start putting that 10 dollars a month, 5 dollars per week, whatever you can afford towards your future by the time you hit 30 – you will be in such a wonderful position.
Just remember – THEY DON’T WANT YOU TO KNOW HOW TO INVEST / WHAT TO INVEST IN & MAKE IT SEEM SCARY BECAUSE THEY WANT YOU TO WORK YOUR 9-5 JOB FOR UNTIL YOU TURN 70. Don’t let the ******** do that to you.
On a more personal note - since this is kind of like a letter to my self.
Things get better. As a kid that was bullied, harassed & tormented through High School... if you put your head down, you just work hard, amazing things can and will happen. Be your beautiful individual self. Don't chase those who don't want you. You will find your place in the world, it just takes some time.
I didn't have much of a future when I was your age, but I found my passion in life and I was able to build a pretty cool life out of it and was able to travel the world and have visited over 90 countries. Keep that chin up, keep smiling, and know that you are loved, cherished, and valued. You have SO much to contribute to the world, and you will. Don't let the bad guys win.
Love
xx
oh hey this was from a (now deleted) reddit thread on financial advice for young people
I’m 31 years old, and I look back on the last 11-13 years and wanted to share some financial advice, advice I wish I received from my parents or teachers when I was in high school. This is a little letter to my teenage self, and I think you will all find a lot of great ideas.
I look back and realized if someone would had told me the following, my life would be very different. I have been very successful throughout my life but was never taught how to invest money.
Investing is not for old people, it’s not for people in their 30’s and 40’s. It’s for you, on your 18th birthday.
When you turn 18, you are legally able to invest money for your future. On your 18th birthday, you should be opening an investment account.
For example, let’s pretend it was 5 years ago. On your 18th birthday, you had $1000 dollars saved. Let’s say you bought the following stocks, with your $1000 evenly across them (these are all examples that are high growth areas that I have looked at and invested into).
-CrowdStrike (Cybersecurity used by big companies)
-AMD (Computer parts)
-NVIDIA (Computer parts)
-Netflix
-Zoom
-Okta (Security for big businesses)
-Trade Desk
-Zynga (Digital Games company)
Tesla
If you put $1000 dollars across all these shares evenly, and then put in 10 dollars a month by year 5 you would be sitting on $73,000. By year 7 you would be sitting on almost $400,000. By year 10 it would be worth $4.84 million dollars. This is all based on 5 years of past market data.
All up you would have invested $2190, and in return in a decade if you kept investing every month that 10 dollars, and never touched the original $1000, you would be worth almost 5 million dollars. Imagine being 30 years old and having $5 million to then be able to invest responsibly even further… you would be able to work part time in a job you loved and didn’t hate, and just enjoy life.
Now the past is NOT an indication of the future – but the point of this exercise is to show you if you are smart and invest in big and emerging companies like Apple, Netflix, Trade Desk, NVIDIA etc, over just a mid-long periods of time you could very well retire in your 30’s and live debt free for the rest of your life
PEOPLE DON’T TEACH YOU ABOUT MONEY BECAUSE THEY WANT YOU TO WORK FOR THE REST OF YOUR LIFE.
The education system is set up in a way to try and enslave you into work for the rest of your life. Don’t let that happen to you. If you be smart in your 20’s, you will be set for the rest of your life. They want you to slave away in a job that doesn’t pay you well, to retire with benefits that they will eventually take away from you. Don’t let the system do that to you. The dickheads on wall street also make it sound far too complicated and scary for an average person to get involved in. They will throw around terms that you don’t know, and it's all to try and confuse the sh!t out of you. They want to make money, and they want you to work the minimum hour job so that company can keep making huge profits of your misery.
My advice is to read read read. Read and learn how the stock market & shares work in companies. Learn about dividends that companies pay you every month for just investing in their company. Learn about taxes and how it could affect you.
YES – this stuff can be boring to read, and you might not find it very exiting as hours of scrolling on TikTok or Reddit…. But your future self will thank you (and maybe thank me).
Watch an hour of CNBC every week and get to know what they are talking about with financial news. You might find it painfully boring, but really listen. Listen to what they are talking about with trends. Listen to what’s happening in the world of financial markets. Watch the opening bell program at 9:30am Eastern and learn how it works, and what they are talking about. LISTEN LISTEN LISTEN. Take Notes.
Read a website called Motley Fool. Read Market Watch. Read Yahoo Financial.
Watch interview Youtube with Warren Buffet. Listen to what that guy has to say – he has amassed one of the greatest fortunes on earth from simply reading, and understanding how companies work, and investing in the right ones.
DO NOT look at your stocks and shares every single day. There WILL be days you see them go down, but just remember that you are not worried about this, you are looking at years from now. It is scary to see a stock drop 5% on a day and your money vanish. Just remember – it is only a LOSS when you sell. You have not lost a CENT until you press that sell button.
BUY LOW, SELL HIGH. ALWAYS.
BUY IN BIG NAMES
There is a lot of “experts” out there that will try and tell you about this great new stock and its very low and it’s about to explode. These are called penny stocks – go see Wolf of Wall Street to learn more.
These are super risky stocks that will skyrocket only a small percentage of the time. There is SO much money to be made in a 10-year window if you invest in just the safe big companies. Don’t be a schmuck and put 1000’s into a company selling its stocks for $1.98.
Be smart, play it safe and you will increase your odds of that goal of having a million in the bank by a large percentage. Yes it might take an extra 4 or 5 years, but in the grand scheme of things would you rather that then lose all your money to a scam company that goes bankrupt?
There is a thing now called “fractional shares” which means for the big boy stocks like Amazon, you can own just a small percentage of a share. That means you will still get some performance of a single share of amazon, but just on your fraction. If you keep putting your 10 dollars a month evenly across your shares, you will slowly grow your share amounts.
For example. I have .8943 of a stock in Amazon. It is worth 2,264, where a full stock is worth 3,198. I have slowly built this up over the last month and already my investment is up $133 dollars or 6.26%. I have put a little bit of money every day into this stock, and every day it goes towards my goals.
This is an amazing time to be alive for young people & investing. You can put even just a few dollars per week towards a big expensive stock like Amazon, Google etc. – and still earn the same rate of reward as the big-time investors. And you can do it from your phone or computer!
DO NOT USE WALLSTREET AS A CASINO. DO NOT BET IT ALL ON 1 SINGLE STOCK. Spread your money out over 15 -20 stocks. Look at what some of those websites I mentioned are talking about. Read the forecast for the future. Learn what the companies make and do. Think logically – what could this product / industry do in 5-10 years time.
That’s pretty much it guys. I just wanted to really write something that I wish I read when I was 15 -18. I regret not knowing how stocks worked until last year. I regret not being more in-tune with financial news, but I am trying to make up for it now.
Don’t be like me. Start putting that 10 dollars a month, 5 dollars per week, whatever you can afford towards your future by the time you hit 30 – you will be in such a wonderful position.
Just remember – THEY DON’T WANT YOU TO KNOW HOW TO INVEST / WHAT TO INVEST IN & MAKE IT SEEM SCARY BECAUSE THEY WANT YOU TO WORK YOUR 9-5 JOB FOR UNTIL YOU TURN 70. Don’t let the ******** do that to you.
On a more personal note - since this is kind of like a letter to my self.
Things get better. As a kid that was bullied, harassed & tormented through High School... if you put your head down, you just work hard, amazing things can and will happen. Be your beautiful individual self. Don't chase those who don't want you. You will find your place in the world, it just takes some time.
I didn't have much of a future when I was your age, but I found my passion in life and I was able to build a pretty cool life out of it and was able to travel the world and have visited over 90 countries. Keep that chin up, keep smiling, and know that you are loved, cherished, and valued. You have SO much to contribute to the world, and you will. Don't let the bad guys win.
Love
xx
oh hey this was from a (now deleted) reddit thread on financial advice for young people