If I work a >£30k job for around 10 years how can I accumulate as much wealth as possible throughout the decade? Should I put all of the disposable income in the SNP500? How do I account for other things such as leisure and such?
if you start masturbating to the chart of the sp500 it will become your leisure
>>61949966>Should I put all of the disposable income in the SNP500SOXX
>>61951047Is this a stock? I've never heard of it. What I'm worried about is if the stock I'm investing in causes me to lose a bunch of money then I'll be fucked
>>61951057educate yourself. this place will make you lose money. just talk to gemini for a bit
>>61951067kek yes talk to hallucinating ai for made up investment advice just dca bitcoin for 10 years and you will outperform most people on /biz/
In all honesty, DCA into BTC. Sell all of it when women on TicToc start making BTC social groups again.
>>619499661. Get a better job.2. You need a cash buffer. Six months of expenses are minimum. So don't buy any shares until you accumulate the buffer. If you have no buffer, and an unexpected expense comes along, you may be force to sell your shares to cover it, and you might have to take a loss.3. If you have a buffer and you want to invest, you could just invest in an index etf with low management fees. That's the basic option for clueless people. You will beat clueless people who try to outsmart the market using this simple strategy. 4. Your main goal would be to reduce your expenses to an absolute minimum, so that you can maximise the your ability to save.5. So look at every single regular expense and see how you can minimise it.6. Look at the amount you have left over every month. Like, let's say you take home $2.5k per month and you save $0.5k. Ok, so, per year, you are only saving $6k. If you see a $1000 purchase, you might thing, yeah, it's something you could afford, but that is an entire one sixth of your savings for an entire year. So don't compare discretionary purchases against your gross salary, compare them against your saving capacity.7. Get a job that pays more ,$30k is shit.
