While I do want to mess around with stocks sometimes in the future (and not just gamestonk which i am #HOLDING and bought mostly for meme purposes), I am finally getting around to not letting money waste away in my bank account. For now just going to invest a good chunk of my bank account on index funds, and around 500 to 1000 euros a month from there on. Hoping that will get me to stop spending money on stupid shit every month I dont need, and give a nice profit every year.
I know, a bit boring and whatever. But I do like the idea of not having to worry much about the majority of money.
spoiler (click to show/hide)
and then I will invest my life savings in cd projekt red to own libtards, when I get more comfortable with it
would be lying if i said i don't regret holding on/paying more attention to the value of it back then. i briefly attempted trading on btc-e ~2013 but when that site got hacked and subsequently seized by the feds i didn't bother trying again until i got an account with binance when they started up. also lost interest again after it peaked late 2017. the number of lost opportunities. maybe in another dimension i didn't fuck it up
I have my first emails about buying bitcoins from 2011. But it was such a bitch, especially in Denmark, so I gave up. What a mistaker.
Interest rates being what they are this is not a bad decision. And as we've seen with COVID-19 crisis, governments today are willing to interfere quite extensively in the 'free market' to make sure the stock market keeps going to the moon.
What has stopped me from doing so, is that soon there should be a 'correction' on some overvalued stocks. In some ways it is happening right now with the Dow shedding a few points. Stock markets are at record highs.
However you want to get on there before the world reopens, because plenty of people saved up a whole lot of money during the pandemic. If the politicians don't fuck it up, the boom that happens will be legendary.
My prediction is: February - May (dip) -> June/July (slow summer) -> September (TO THE MOON)