ABW Stock Exchange: All Things Investing

TheNightKing said:
I’m about to get a fat bonus from work and looking to put a portion of that into some stocks, maybe $20k or so.

What’s hot right now? Or should I be looking for a hedge fund or something?
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I had a few potential picks in my watchlist but that was before all the trump shit so may have to revise

What I will say is now is a good time to be cash heavy bc I think more drops are coming to the market
 
ChicagoFigure said:
I had a few potential picks in my watchlist but that was before all the trump shit so may have to revise

What I will say is now is a good time to be cash heavy bc I think more drops are coming to the market
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I was thinking of finding a high interest savings account to put the money in. Saw some as high as 6.5%. I figure if I put $20-30k in per year I could have half a milli in cash in about 10 years.
 
TheNightKing said:
This is where I saw the high rates, but didn’t realize the currency was in British pounds. I’m assuming you could convert the currency and still invest but I’m not sure. Not sure if this is a reliable site with reliable info either.

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Yes that site is very legit. Super popular in the UK. In fact the founder of the site, Martin Lewis, was the person who first made me realise that using credit cards wasn't a bad thing when I read his book back in 2006.
 
TheNightKing said:
I was thinking of finding a high interest savings account to put the money in. Saw some as high as 6.5%. I figure if I put $20-30k in per year I could have half a milli in cash in about 10 years.
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If you can find a 6.5% high yield savings account that doesn't have any deposit limits (alot of these will be like it's only 6.5% on the first 10k or whatever), and on top of that the percentage is set and won't fluctuate with the market, then put your money in there and fuck stocks.

A guaranteed 6.5% >>> stock market.

That's considering indexes like sp500, nasdaq etc. this doesn't mean it's better than getting lucky and finding the next Nvidia.

Chances of finding the next Nvidia low as fuck though.

Id take the 6.5% guaranteed.

But just make sure you read all the fine print and make sure it's a bank that can be trusted.

I don't think anyone offering 6.5% no strings attached right now.
 
dasmooth1 said:
Yes that site is very legit. Super popular in the UK. In fact the founder of the site, Martin Lewis, was the person who first made me realise that using credit cards wasn't a bad thing when I read his book back in 2006.
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Ok, just seeing this.

I figured it had to be something like this cause finding 6.5% in the US doesn't seem possible.

Btw, there is a lot of money to be made in investing in foreign currencies.

There are some bad fucking economies around the world that are giving like 40% interest rate over 3 months for example. Turkey being an example.

You put $1k in USD, that's 36k Turkish lira. These mfers give you 40-50% interest on that. In 3 months, you have like 51k Turkish lira. Convert that back to dollars and you at $1400. That 40% in 3 months. Then you turn around and do that again.

Your risk is the exchange rate. These unstable economies can have their currency crash against the dollar over night. And then in 3 months your 36k lira can be 51k, but exchange rate get so fucked up, that might $800.

Turkey just one such example. It's a bunch of countries you can do this with.

I wouldn't do it with any EU countries or UK or whatever. But still. This is a a legit investment strategy people follow.
 
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