4 ms·

I started investing in stocks couple of years ago. It is probably not what you wanted to hear but it makes me a lot of money and allowed me to retire in my 30s,

by hknmtt 4y ago

I started investing in stocks couple of years ago. It is probably not what you wanted to hear but it makes me a lot of money and allowed me to retire in my 30s, as a minimalist. I am a long-term investor(I hold positions at least 1 year) so the time it requires is essentially none. Besides that I tried to run multiple project in my past but none took off. The problem is that the internet has been monopolized and it is no longer about the idea or being better than competition but it is 100% about money you spend on advertising. That's what killed all my projects. I still do them because I like to code but I don't expect to ever succeed. The goods times for the internet, around 2010s, are long gone.

nixcraft 4y ago
Out of curiosity, what stocks would you (or anyone reading my comment) recommend for someone in their late 40s? TIA.
- markdown 4y ago
  This being the internet, the answer is going to be something useless like Gamestop.
  - djbusby 4y ago
    $GME and $AMC and other memes are gambling, treat them as such. That volatility is playing with fire.
- firecall 4y ago
  For me, in my 40s and based in Australia, I am invested in Apple and a three different ETFs. There are plenty of investment forums and subreddits that discuss investment and FIRE strategies, and it depends on your country. It's never too late to begin. Generally an ETF or similar is worth looking into :-)
- djbusby 4y ago
  Vanguard. Like VOO or VTWO - and once you have good savings in there, branch out to more divided payers if you'd like them to kick out some spending money. A 4-5% ARR is probable.
  - Test0129 4y ago
    This would assume they are capitalized such that 4-5% ARR returns a living wage after capital gains. Most people don't reach this until their mid-50s or early 60s if they're lucky. Sometimes never.
- hknmtt 4y ago
  I don't understand what the age is supposed to suggest here. Are you asking what to buy and hold until you retire?
zuminator 4y ago
Any general pointers? I made a few bucks at the same time everyone else was making money but now I'm at a loss in both senses of the word. And unclear, what does being a minimalist have to do with investing? Do you mean that your income requirements are low compared to others?
- hknmtt 4y ago
  Right now energy is hot. I won't give any specific tips, that is what investing is about - you do the picking and choosing and you spend your own money, it is your responsibility. You should look into commodities though. If you feel lost I can recommend TFM's Market Minute on SubscribeStar. For $5 a month you get a daily newsletter. I don't follow it but many people who are not well versed in investing really like it.
  - zuminator 4y ago
    That's exactly the sort of information I was looking for, thanks!
eteos 4y ago
I must say its pretty special to retire because of investing in such a short period. Must be with a great starting capital.
- hknmtt 4y ago
  I would not consider years a short period. But anyway I have started with around 50-65k. Don't remember exactly. Around 50k was inheritance. I knew about investing since I was a teenager. I was interested in trading futures because that's what was popular back then during my high school years. But I realized day-trading is just another day job, so I never got into it. And stocks, back then, were expensive(broker fees) and you needed a lot of money(thousands instead of hundreds) which was simply out of the question for a teenager. When I inherited the money, I wanted to tuck it away and preserve it but then I said to myself "F. it", I always thought about investing in stocks one day and there won't be any better time. So I started.And I found out the fees and complication were no longer such an issue like in the past. On the contrary, it was very easy and cheap. Slowly, with couple of thousands to get my feet wet and couple of months later, I invested all of it and my own money on top of it, as I gained confidence. And it was the best decision in my life. Mostly because it inherently provided the best financial, economic and geopolitical education no school could ever give you. And as I have said, I have been living off of my investments already. Since last year(I could have sooner but I had a great job). Sure, not all people inherit money to start with but that can be equalized by time(ie. start sooner with less). Also, it is a waiting game. You need patience. It's not get rich quick type of thing. And you learn along the way. You make mistakes and you learn from them. If you have 1000$, there is nothing stopping you but your fear of letting the money go(not lose, just not have access to it).
  - robtaylor 4y ago
    Are you able to share what platform you use for trading, and any regular reliable sources of information you use? Congrats btw, its good to hear a success story that does not have a course or affiliate/sales link attached!
    - 4y ago
nakamura88 4y ago
You started investing a couple of years ago and now you're retired? If that is the case, you would make millions from selling courses and sharing your secrets. Also, if we're talking about side projects that net $500 a month, I think the monopolization theory is a little dramatic.
- seydor 4y ago
  The people who make those courses make money from the courses themselves, not from their investing.
- number6 4y ago
  The secret of making money in the stock market is: 1) to really know the stock you are investing in 2) keep your nerves 3) buy for less then you sell; add the fees too 4) luck
  - smsm42 4y ago
    The 4) covers about 95% of it :).
Test0129 4y ago
>I started investing in stocks couple of years ago. It is probably not what you wanted to hear but it makes me a lot of money and allowed me to retire in my 30s, as a minimalist. I am a long-term investor(I hold positions at least 1 year) so the time it requires is essentially none. Well that certainly would put you in the timeframe to capitalize on the GME/BBBY/AMC craze. If you did that, well...congrats I guess. But otherwise I'm suspect.
- hknmtt 4y ago
  lol, no. i don't do meme stocks. i made most of my money in industrial stocks(copper and silica mostly).
beernet 4y ago
Pretty sure this answer is machine-generated...
- bradleykingz 4y ago
  What makes you so sure?
- seydor 4y ago
  if it generates discussion i dont see a problem ... sooon we ll have to learn to live along with such machines
seydor 4y ago
pity to see this downvoted. Its very hard to monetize anything. Even just with ads, there used to be a number of competitors to google, now it's just google and it's eating away increasingly bigger chunk of the pie. For the past 15 years the VC funding has destroyed anything that might have value (because valuation >> value). Regardless, i still enjoy my own projects and online communities that i have created, but they dont pay much.

by hknmtt 4y ago

nixcraft 4y ago

Out of curiosity, what stocks would you (or anyone reading my comment) recommend for someone in their late 40s? TIA.

markdown 4y ago
This being the internet, the answer is going to be something useless like Gamestop.
- djbusby 4y ago
  $GME and $AMC and other memes are gambling, treat them as such. That volatility is playing with fire.
firecall 4y ago
For me, in my 40s and based in Australia, I am invested in Apple and a three different ETFs. There are plenty of investment forums and subreddits that discuss investment and FIRE strategies, and it depends on your country. It's never too late to begin. Generally an ETF or similar is worth looking into :-)
djbusby 4y ago
Vanguard. Like VOO or VTWO - and once you have good savings in there, branch out to more divided payers if you'd like them to kick out some spending money. A 4-5% ARR is probable.
- Test0129 4y ago
  This would assume they are capitalized such that 4-5% ARR returns a living wage after capital gains. Most people don't reach this until their mid-50s or early 60s if they're lucky. Sometimes never.
hknmtt 4y ago
I don't understand what the age is supposed to suggest here. Are you asking what to buy and hold until you retire?

zuminator 4y ago

Any general pointers? I made a few bucks at the same time everyone else was making money but now I'm at a loss in both senses of the word. And unclear, what does being a minimalist have to do with investing? Do you mean that your income requirements are low compared to others?

hknmtt 4y ago
Right now energy is hot. I won't give any specific tips, that is what investing is about - you do the picking and choosing and you spend your own money, it is your responsibility. You should look into commodities though. If you feel lost I can recommend TFM's Market Minute on SubscribeStar. For $5 a month you get a daily newsletter. I don't follow it but many people who are not well versed in investing really like it.
- zuminator 4y ago
  That's exactly the sort of information I was looking for, thanks!

eteos 4y ago

I must say its pretty special to retire because of investing in such a short period. Must be with a great starting capital.

hknmtt 4y ago
I would not consider years a short period. But anyway I have started with around 50-65k. Don't remember exactly. Around 50k was inheritance. I knew about investing since I was a teenager. I was interested in trading futures because that's what was popular back then during my high school years. But I realized day-trading is just another day job, so I never got into it. And stocks, back then, were expensive(broker fees) and you needed a lot of money(thousands instead of hundreds) which was simply out of the question for a teenager. When I inherited the money, I wanted to tuck it away and preserve it but then I said to myself "F. it", I always thought about investing in stocks one day and there won't be any better time. So I started.And I found out the fees and complication were no longer such an issue like in the past. On the contrary, it was very easy and cheap. Slowly, with couple of thousands to get my feet wet and couple of months later, I invested all of it and my own money on top of it, as I gained confidence. And it was the best decision in my life. Mostly because it inherently provided the best financial, economic and geopolitical education no school could ever give you. And as I have said, I have been living off of my investments already. Since last year(I could have sooner but I had a great job). Sure, not all people inherit money to start with but that can be equalized by time(ie. start sooner with less). Also, it is a waiting game. You need patience. It's not get rich quick type of thing. And you learn along the way. You make mistakes and you learn from them. If you have 1000$, there is nothing stopping you but your fear of letting the money go(not lose, just not have access to it).
- robtaylor 4y ago
  Are you able to share what platform you use for trading, and any regular reliable sources of information you use? Congrats btw, its good to hear a success story that does not have a course or affiliate/sales link attached!
  - 4y ago

nakamura88 4y ago

You started investing a couple of years ago and now you're retired? If that is the case, you would make millions from selling courses and sharing your secrets. Also, if we're talking about side projects that net $500 a month, I think the monopolization theory is a little dramatic.

seydor 4y ago
The people who make those courses make money from the courses themselves, not from their investing.
number6 4y ago
The secret of making money in the stock market is: 1) to really know the stock you are investing in 2) keep your nerves 3) buy for less then you sell; add the fees too 4) luck
- smsm42 4y ago
  The 4) covers about 95% of it :).

Test0129 4y ago

>I started investing in stocks couple of years ago. It is probably not what you wanted to hear but it makes me a lot of money and allowed me to retire in my 30s, as a minimalist. I am a long-term investor(I hold positions at least 1 year) so the time it requires is essentially none. Well that certainly would put you in the timeframe to capitalize on the GME/BBBY/AMC craze. If you did that, well...congrats I guess. But otherwise I'm suspect.

hknmtt 4y ago
lol, no. i don't do meme stocks. i made most of my money in industrial stocks(copper and silica mostly).

beernet 4y ago

Pretty sure this answer is machine-generated...

bradleykingz 4y ago
What makes you so sure?
seydor 4y ago
if it generates discussion i dont see a problem ... sooon we ll have to learn to live along with such machines

seydor 4y ago

pity to see this downvoted. Its very hard to monetize anything. Even just with ads, there used to be a number of competitors to google, now it's just google and it's eating away increasingly bigger chunk of the pie. For the past 15 years the VC funding has destroyed anything that might have value (because valuation >> value). Regardless, i still enjoy my own projects and online communities that i have created, but they dont pay much.