Investing?

I heard csgo skins are a good side hustle.

 

• Download the RobinHod app and start investing in public companies.

• Open an IRA or mutual fund with Vanguard or your bank.

• Crypto currency investing (bitcoin, Ethereum, etc) is really big at the moment.

Investing is hard and you need to understand that you might lose all your $2k. If you are patient and smart the payoff can be huge. Let me know if you have questions. Happy to help.

 

You really need to understand the rise and fall of business.
Also, be OK with taking some falls.
It's not all rise.
If you aren't OK in a dip, it's not a good match

 

Don't sell drugs, why would you encourage/allow others to get hooked on addiction when you know what it means?

It's easy to invest, good advice above, but you have to diversify (if you put everything in companies and the economy goes south you can lose big), and be willing to not take out the money for at least 5 years. Because they are so volatile, so if you plan on taking it out before then and it happens to be after a major recession (which you don't know is coming), then you again lose big, but if you could have waited another few years you would recover everything and more. I heard about the robinhood app also.

 

What I mean is, that's like selling porn. I have known people addicted to weed, so it's possible.

 

20 years ago, selling (weed) wasn't a bad idea.
Even with the laws(being what they are), it's a whole new world out there now and if you aren't well versed... You are walking into a trap.
People think just because its "legal" now it's safer to do.
It's not, necessarily.
The kids who wanted it legal were 18 and fresh faced voters who, many did not read the original ballot and then when it passed went boo, I'm not 21...what?
As it ticks by now, state to state and has things in it that says if you get caught within 500 ft of a school, you are screwed.
Big.
(for instance) - in some places.

Just a for instance

My 2 cents.

 

Investment is going to get you farther.
It's also my opinion that knowing which companies are doing what, is helpful.
Like look at things people use Everyday.
That even if they take a hit or dip, you know will bounce back.

 

OP, your 20 years old and its great that you want to start investing. If I was you this is what I would do:

1) Open an IRA with Vanguard and put all the $2k into a Target Retirement Fund (https://investor.vanguard.com/mutual-funds/target-retirement/)

2) Budget and make sure you put a % of your income into that Fund every single month.

3) Later, if you have a little more to invest, invest into a REIT with Vanguard: https://personal.vanguard.com/us/funds/snapshot?FundId=0123&FundIntExt=INT

4) Keep 90% of your portfolio in your Retirement fund and the other 10% in your REIT fund.

Your 50 year old self will get down on his knees and suck your dick to thank you for what you've done.

This investment strategy is recommended by the Bogleheads (https://www.bogleheads.org/) and is a sure way to retire with a healthy portfolio.

After you do these steps, only then open a RobinHood account if you want to start investing in individual companies. At that point if you want to continue you'll have to start doing your own research and learning more about finance and investing to be successful with that.

Think about stop dealing drugs. If you truly are interested in weed, move to state where its legal and get into the industry legitly.