I’m just getting into this stock trading / crypto trading just the last weeks.
I can't recommend crypto although I made a killing on it in 2018. It is just too volatile, too unpredictable in my opinion. Plus other than a select few, most of them fully rely on just user usage at the retail consumer level. There are a few like Ripple that have banks using their
platform but not the token itself, plus now the SEC is breathing down Ripples neck (or at least they were last I saw a couple weeks ago).
I have done very well with penny stocks over the last 6ish years. It's just play money. Started with 4k and have made over 45k in profits (not counting taxes...short term cap gains 25% eats into things). Last year I didn't trade at all though, started a new job and was just too busy (before that my previous job had TONS of downtime...I basically traded for 25% of my day lol...) However, I honestly can't recommend penny stocks for most people either. It is definitely work, and 99% of the companies are complete scams. I get letters all the time about class action lawsuits against some company I held stock for at one point or another (I just ignore them). They are almost all pump and dump dilution schemes that the execs of these "companies" use to finance their lives. It's pretty pathetic, that said, the returns are fucking great
if you get lucky. I have definitely gotten lucky (and not--for example, I had 50k shares of POTN for 3 months, but market makers
like fucking Citadel were manipulating the price, pushing it down). 2 months after I sold, taking a 30% loss, the stock popped to A DOLLAR. Nearly made 50 grand lol...
Your best bet, especially if are young like I still consider myself to me, is just good old index funds. Oh, and real estate. Real estate has been very good to me.
Nothing better than house hacking (google it), although I have been lucky there too in that my tenants are great and haven't had any financial issues due to COVID. It's a scary time to jump in to real estate right now, for sure.
Well, I have officially completely taken my own thread off the rails. Cheers mates!