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Investing can be a great way to grow your wealth and secure your financial future. But if you’re new to investing, it can be intimidating to get started. Here are some tips to help you get started investing.
1. Set Financial Goals: Before you start investing, it’s important to set financial goals. What do you want to achieve with your investments? Are you looking to save for retirement, build an emergency fund, or generate income? Knowing your goals will help you determine the best investment strategy for you.
2. Understand Your Risk Tolerance: Different investments come with different levels of risk. It’s important to understand your risk tolerance and choose investments that match your risk profile. If you’re a conservative investor, you may want to focus on low-risk investments such as bonds and cash. If you’re a more aggressive investor, you may want to consider stocks and other higher-risk investments.
3. Research Investment Options: Once you know your goals and risk tolerance, it’s time to start researching different investment options. Look into stocks, bonds, mutual funds, ETFs, and other investments to find the best fit for you.
4. Start Small: When you’re first starting out, it’s best to start small. Investing a small amount of money at first will help you get comfortable with the process and give you a chance to learn as you go.
5. Diversify Your Portfolio: Diversifying your portfolio is key to reducing risk and maximizing returns. Don’t put all your eggs in one basket. Instead, spread your investments across different asset classes and sectors to reduce your risk.
6. Monitor Your Investments: Once you’ve invested, it’s important to monitor your investments regularly. Keep an eye on the markets and your portfolio to make sure your investments are performing as expected.
Investing can be a great way to grow your wealth and secure your financial future. But it’s important to do your research and understand the risks before you start investing. With the right strategy and a little patience, you can be on your way to a successful investing journey.
Buy cold storage. Buy Bitcoin – DCA. Store Bitcoin in your cold storage. Hold Bitcoin.
Stay humble, stack Sats
Here’s my favorite sources. Make sure to learn the basics of traditional investing too.
Podcasts: .
Bitcoin Audible(I’d start here)-Reads the best papers and articles etc in the space and unpacks them. (his beginner playlist: https://open.spotify.com/playlist/7zOOv18Pq8Tm17yRvMoneF?si=1188470d741040d8) Beginner to advanced. Hardcore Bitcoiner. Because most good articles are read here, I won’t bother listing the best papers in this post, just check out his episode list if you want to read rather than listen.
The Investor’s Podcast-advanced bitcoin macroeconomics, and traditional investing.
Hard Money/Coim Stories with Natalie Brunel/ another good Bitcoiner podcast with great guests.
What is Money: Robert Breedlove goes in deep with long form interviews about the nature and philosophy of money and Bitcoin.
What Bitcoin Did-A Beginner/Intermediate guide. Foul language warning.
Tales From The Crypt- Hardcore Bitcoiners with current events. Focuses on privacy, censorship resistance and mining.
Milkshakes Markets and Madness: the only intelligent Bitcoin bear is a dollar realest imo. Brent Johnson gives much needed reality checks on USD dominance and what the US will do to protect it. This podcast isn’t about Bitcoin. He asks the obvious questions nobody thinks to ask themselves.
Top guests to listen to in the podcasts(there are probably many others but these are the ones that stand out imo): Bitcoin and Macro: Michael Saylor, Luke Gromen, Lyn Alden, Natalie Brunel, Nic Carter, Dylan LeClaire, Alex Gladstein, Jeff Booth, Preston Pysh, Greg Foss, Jason Lowery, Caitlin Long, Nik Bahtia, Andrew Quittem, Brent Johnson, Parker Lewis, Vijay Boyapati, Andy Edstrom Trading Wifeyalpha, Checkmate, Pentoshi(kraken and glassnode also have a chain analysis newsletter) Tech gurus: Andreas Antonopolous, Jameson Lopp, Adam Back, Nick Szabo, Shinobi, Jack Mallers, Matt Odell/MartyBent, Andrew Poelstra, Mark Carvahlo, Francis Poillot.
Books: The Bitcoin Standard(great intro book), Layered Money, The Internet of Money(great intro book), Check Your Financial Privilege, Debt the First 5000 Years, Inventing Bitcoin, 21 lessons What Ive learned from Bitcoin, Softwar, The price of Tomorrow, The Bullish Case For Bitcoin(great intro book) and The Blocksize Wars were good.
Resource pages:
Jameson Lopp’s: https://www.lopp.net/bitcoin-information.html and https://www.lopp.net/lightning-information.html
Matt Odell’s: https://citadeldispatch.com/help/
Spanish Translations: https://bitblioteca.com/
Publications: Bitcoin Magazine
This isn’t an exhaustive list, just the best ones I have honed in on so far. Several runners up Podcasts if you want more; Stephan Livera Podcast, Bitcoin Magazine Podcast, Bitcoin made Simple, Closing the Lopp, Bitcoin Rapid Fire, Blockware Intelligence, Bitcoin Matrix, Bitcoin Knowledge, Citizen Bitcoin, Bitcoin Sessions, On the Brink, and Bitcoin Standard Podcast.
……18 yr old man.
Read, read and more reading when you are not at work. If you want to trade you can get that lesson out of your system or you can avoid it altogether. No gambling is required to be successful in life not matter what you have heard.
Congrats on the move, it’s never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE.
Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read.
Also, **don’t reply any DMs**, promising to buy Bitcoin from them or get rich quick and read this short guide, please:
**Price wise, nobody knows what the price will be tomorrow, nor next week.**
**Try “Bitcoin ONLY” strategy for at least first year**, you’ll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to.
Going DCA is probably the best approach, IMHO.
Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for SATs. Once a week works best for me, but I’m getting paid weekly. If there’s a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dcabtc.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference.
Now, don’t buy a fake Bitcoin at etoro or similar, get the real thing. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin)
Install (or buy – in case you’re getting Bitcoin in Thousands of $) one or more of these wallets.
A few good wallet choices:
[https://blockstream.com/green/](https://blockstream.com/green/) – Top Security Features, Open Source and Non-Custodial
[https://bluewallet.io](https://bluewallet.io/) – excellent, easy to use wallet, Open Source and Non-Custodial
[https://electrum.org](https://electrum.org/) – Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets.
Lightning wallets to consider (cheaper and faster transactions, great for very small amounts):
[https://phoenix.acinq.co/](https://phoenix.acinq.co/) – Phoenix
[https://blixtwallet.github.io/](https://blixtwallet.github.io/) – Blixt – rapidly becoming my favourite LN wallet
[https://breez.technology](https://breez.technology/) – Breez – excellent POS for small business owners as well as integrated Bitrefill or LN Pizza
[https://muun.com/](https://muun.com/) – Muun, simple and elegant LN wallet
Hardware Wallets (to store larger amounts):
[https://trezor.io/](https://trezor.io/) – Easy to use, no matter how new in Bitcoin you’re.
[https://coldcardwallet.com/](https://coldcardwallet.com/) – ColdCard is currently the safest and most recommended here.
There’s also Ledger, but I wouldn’t recommend as not fully open source, keep and already leaked customers’ details, etc. Whatever wallet you’ll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon.
Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different than the first set, you’re safe to use it.
Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they’ll be able to steal your coin.
This little device will hold the keys to your money, that’s the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it – as long as you keep your seed words and passphrase(s) safe.
Welcome to the rabbit hole and don’t hesitate to ask if you have any questions anytime during your Bitcoin journey.
The savings plan is Bitcoin to cold storage (Bitcoin only open source hardware wallet). That’s it, no crypto, no etf, no trading just buy Bitcoin.
Pay yourself first!! Do this by setting up an account with Swan Bitcoin and start DCA ing , Also a Vangard growth Fund and have it auto invest and don’t think about trading. Leave trading to those who have way more info than you will ever get.
I wish I did what you’re doing at 18. Hold btc in cold storage (trezor, ledger). Look into the 4 year cycle
Save 10% or more if you can afford to a week and invest in bitcoin gold and when stocks crash start a portfolio of them as well. You have plenty of time on your hands so don’t rush things ✌️
**Lesson one:**
There is Bitcoin, called “Bitcoin.” Bitcoin is a legitimate and the new superior form of money.
Then there are *alt coin **scams*** called “cryptocurrency,” “crypto,” and so forth.
See: https://www.youtube.com/watch?v=TIkqBZnrKJM
Lyn Alden:
https://youtu.be/b-dwxD484_Q
Nick:
https://youtu.be/ic1ITcwnozY?t=858
“Bitcoin, Not Crypto” (10:30):
https://youtu.be/8xs2MkvnFDE
**Lesson two:**
Buy Bitcoin, send it to your own (hardware) wallet then hold long term.
Trying to time the market is gambling.
Gambling can be an expensive thrill. There are less expensive ways to obtain a similar thrill.
Gambling with any expectation of coming out ahead is foolish.
Fools and their money are soon parted.
Just buy Bitcoin, send it to your own (hardware) wallet and wait patiently, long term. Consider using DCA. **Be very patient.**
**Lesson three:**
Money is one of the most important inventions of all time.
Throughout history, people have always migrated to use the superior form of money available to them at that time.
*Bitcoin is the new superior form of money.* Most Earthlings will be using Bitcoin instead of fiat currency soon.
Eventually, one BTC will have roughly the same purchasing power that five million US Dollars has today. Wise people are accumulating Bitcoin at these relatively low prices and they are patiently holding onto it, not gambling with it, not storing it on other people’s equipment.
If you are working a job, have $50 or $100 per check automatically allocated to BTC or whatever you are buying. Make it as autonomous as possible and don’t worry about it. Also, don’t take any further advice from Reddit on money matters as most of the people posting are poor and/or give awful advice.
If your working a job and get direct deposited checks it’s really easy to setup a strike account and allocate a percentage to go straight into bitcoin and the fees are very minimal, easiest way I’ve got all my employees to start with stacking bitcoin. I gave everyone Trezors for Christmas and spent a few hours helping everyone set them up with exodus wallet, recommend to transfer to hardware wallet every month or whatever you are comfortable with. Definitely recommend strike it’s super easy to use and you can even pay for things with bitcoin without using your bitcoin stack, this helps support those vendors who accept bitcoin as a payment method
Simply buy and hold bitcoin. Buy it on bisq, the most advanced bitcoin market that currently exists.
All stuff about using a hardware wallet and doing a little weekly DCA is definitively the right way.
The only point on which I disagree somewhat is 100% bitcoin. A little dca in a good sp500 etf Can also do well in the long run.
I don’t like the Idea of investing on only one thing, even if it is probably the best cash you can find around for a while.
PS : at 18 y. It IS the best Idea you can have : starting investing, even a little bit, but for so many years. You won’t regret it (if mankind survives a little more, of course !)
You’re a boy?