Advice on investing

261 viewsGeneral Discussions

Advice on investing

Recently I started managing my money. I am young male, still living with parents and I dont heave real financial obligations. When I say that I mean i dont have to pay rent, taxes etc.

I work for daily allowance as a bartender and I used just to spend money randomly without any tracking.

I decided to write down every earning and every expense and I devided all my money in 3 categories:

  • spending 60% (going out with friends etc)
  • savings 25% (no spending expect urgency)
  • investing 15%

So I decided to invest 15% in a real gold but I also want to invest part in crypto. Since I am completely new to crypto and I dont know anything about it, my question is what coin should I invest in? I am not interested in trading and similarities, I just want to know what is best coin to invest in and leave as it is. I am willing to take 100% risk of the money I invested in crypto, without expecting any crazy jumps. I am not talking about investing $1000 and all of a sudden becoming millionaire. I want monthly to invest a part of my earnings into crypto.

adrian ondachchi Answered question
0

Solid plan. Personally, I think Bitcoin’s the only one worth messing with long-term. Just buy a little each month and let it sit and I really believe you will be incredibly happy with that decision one day.

Also, if interested, I’m working on a beginner-friendly site that explains it simply.

adrian ondachchi Answered question
0