What should I do with $3,500

[Deposit]

I need some good advice, like be serious 8|

 

[Ache]

welp not buy minecraft accounts ig

 

[Electron]

Last time I did that I lost $200


What's the rules and all that on being able to take it out? Like withdraw the money in there?

Then you dont really know how to invest in BTC

 

[Arythite]

Got it, haha, a lot of friends suggested stocks so that might be the way to go. However, I don't like putting a large amount of money at risk.

index funds aren't a risk (or go with an S&P 500 just don't go with individual stocks). Don't expect to cash out in the next 3 years though because it could crash at any time but it will always recover.

 

[Sullybash12]

index funds aren't a risk (or go with an S&P 500 just don't go with individual stocks). Don't expect to cash out in the next 3 years though because it could crash at any time but it will always recover.

There's always a risk. What if the S&P 500 is abolished after especially bullish years?

 

[Arythite]

There's always a risk. What if the S&P 500 is abolished after especially bullish years?

Then you'll have way bigger problems than losing $3.5k. That won't ever happen unless the US stops existing (so your USD would be invalid too).

 

[SftpClient]

I need some good advice, like be serious 8|

buy some of my domains x

 

[Sullybash12]

Then you'll have way bigger problems than losing $3.5k. That won't ever happen unless the US stops existing (so your USD would be invalid too).

I'm just saying it's stupid to say there's no risk. Of course there is risk.

 

[Arythite]

I'm just saying it's stupid to say there's no risk. Of course there is risk.

There's a risk to literally everything, no point to think about risks that will probably never happen.

 

[Sullybash12]

There's a risk to literally everything, no point to think about risks that will probably never happen.

You obviously are not a skilled investor then

 

[Arythite]

You obviously are not a skilled investor then

Lol, I'm sure worrying about the US somehow going from a superpower to nonexistent makes you a great investor. I guess Jeff Bezos and Warren Buffet are buffoons for putting most of their life's work into stocks.

 

[Sullybash12]

Lol, I'm sure worrying about the US somehow going from a superpower to nonexistent makes you a great investor. I guess Jeff Bezos and Warren Buffet are buffoons for putting most of their life's work into stocks.

They still acknowledge the risk :facepalm: Are you just... dumb...?

 

[Arythite]

They still acknowledge the risk :facepalm: Are you just... dumb...?

I never said there wasn't a risk or they don't acknowledge it, I'm saying it's foolish to think about since it virtually won't happen, are you just... dumb...? Keep insulting others to feel better about yourself though I'm sure you're very intelligent lmao.

 

[ZekoGaming]

Support my project ;P

 

[AwakeningDev]

Give me 3500$ and i give you 1000$

You literally earned 1000$ out of your 3500$

isn't this insane?

 

[InternetThing]

buy from me stuff because im poor and need new pc thanks

 

[kangarko]

Last time I've invested $6,000 into education, it paid back 10X.

I recommend writing down arenas of your life that always had interested you, and then finding a mentor offering an education program for that.

High ticket programs are typically 2-10k so you may get a catch. I built my own course platform by learning from a such program. Make sure they do offer refunds (read the terms!), Q&A calls and a private Fb group or so so you can get solid support.

Sam Ovens, Alex Becker, Ted Nicholas to name a few I had good experience with. They do have free content on YT so I recommend you check out some of it to see if it fits your style. Also Graham Stephan's free videos are solid.

 

[Asodey]

before someone says car for next year when I turn 16, that's already done too.

get a bus

 

[Arythite]

What an absolute clown. Everyone loves the thrill of being able to make money from others people inexperience, or kids being nieve. This is no different then the lamborghini guy. Whatever OP does, don't listen to him and his pyramiding scheme...

If you were smart, as others have suggested - save it. You might need it one day, could use it for a decent down payment on a car and use it to build credit. Another idea? Get a secured credit line for $500. Use it for gas or other small things if you have a decent revenue stream and build your credit that way. Don't want to do that or can't because you're too young? I recommend buying yourself something nice and saving the rest. It doesn't hurt to spend the money you make or get, but don't go overboard with it.[DOUBLEPOST=1600922960][/DOUBLEPOST]

these are the risks you need to think about the most...lol

I need to worry about the US collapsing? Idk about you but I'm not that paranoid, if that were to happen I would have a lot more things to worry. Not to mention only foreign assets/cash and maybe crypto would survive, unless I'm missing something I just don't see why I need to worry about that when it's out of my control no matter how I invest (ig you could invest in other countries, but please explain why I'm wrong though).

Tbh the other guy isn't wrong, investing into high paying skills is a good investment, spending your money on "nice" stuff or just saving it in cash isn't a good idea imo but we're all different.

 

[AX10]

Start business with it and Maybe you will get good investment and instead of 3.500 $ you might have over 6k $ after

Good Luck tho