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First off… don’t do that.

Second, just Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

I love the flowchart! Here's the wiki page with more context and information.

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Here's a link to the PF Wiki for helpful guides and information.

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May I ask why not to invest in Bitcoin? Wouldn’t it go back higher again once this is all over ?

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Do you have at least $700k in total investments? Personally, I wouldn't put more than 10% towards crypto.

And low compared to what? It's up 41% since the beginning of this year.

Its low from its ath.. I think like 70% which is understandable since the whole markets are down

If I listed and ranked all the places I would put $70K - bitcoin would be, literally, last on the list.

I'd rather have stuff in cash than put it in bitcoin....and there are places that are better than cash.

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It's also high from it's atl.

Yeah but it climbed higher after the FED rate hike decreased from 50 to 25 points.

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That isn’t investing, go to Vegas if you want to gamble, you’ll get some free drinks and maybe a free room and buffet

You do realize fortunes have been lost n this last 12 months right? Fortunes and investors and companies. But you want to invest in it?

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So you think the era of cheap money and speculative investments are coming back in the near future?

Or lower.

You have no idea. No one does. But it doesn’t have a very great track record. It’s more gambling than not.

This post is a bit off-topic here, but we would like to help you learn about investing!

1. Start with the PF Investing wiki page.
2. If you have questions, please ask on the weekday or weekend thread (please wait until Friday afternoon if the Tax Thursday thread is the current sticky). If that link doesn't work, it's the second post from the top on /r/personalfinance.

Note that rather than stock picking or speculating, our focus here is on being diversified, never being too risky or not risky enough, and investing for the long run. Discussions about active investing, investing in individual stocks, sharing investment ideas, etc. are off-topic here.

If you have questions about this removal, please message the moderators.

Crypto is speculation. I wouldn't put more 5% of your invvestment in speculation. Like anything you buy could go up could go down. Buy into guaranteed returns like cds, or companies that add value year after year. I.e. stock index funds, perhaps target date funds etc. Your money and you feel lucky up to you want gamble with it.