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Total newbie looking to invest any advice welcome

  • 29-11-2020 9:08pm
    #1
    Banned (with Prison Access) Posts: 1,586 ✭✭✭ sasta le


    Have a small amount I'm willing to invest or risk say 500 max
    Also currently have time being off work


Comments

  • Registered Users Posts: 11,195 ✭✭✭✭ Lex Luthor


    if you are talking about all of it on crypto, then if it was me I would probably go 50-75% on Bitcoin, 10-15% on ETH, balance on Chainlink


  • Banned (with Prison Access) Posts: 1,586 ✭✭✭ sasta le


    Lex Luthor wrote: »
    if you are talking about all of it on crypto, then if it was me I would probably go 50-75% on Bitcoin, 10-15% on ETH, balance on Chainlink

    Well Cyrpto is an option it seems the future and also a place with growth


  • Registered Users Posts: 507 ✭✭✭ Stormington


    sasta le wrote: »
    Have a small amount I'm willing to invest or risk say 500 max
    Also currently have time being off work
    500? A month? A week? Total? What does the rest of your portfolio look like and what is your risk appetite? One suggestion without knowing specifics:

    1. Shares - 70%
    2. Crypto - 30% BTC/ETH/Alts (70/20/10)


  • Registered Users Posts: 2,525 ✭✭✭ Irish_rat


    sasta le wrote: »
    Have a small amount I'm willing to invest or risk say 500 max
    Also currently have time being off work

    Buy a small bit every week.

    Look at running nodes and making some crypto for free. I have my theta edge node running 24/7 collecting some tfuel.

    Use the brave browser to collect some BAT. It's small but adds up over time.

    Stick to the top of the market for 90% of your portfolio where btc should dominate. Also if you want to make money prepare to be patient and hold long term


  • Banned (with Prison Access) Posts: 1,586 ✭✭✭ sasta le


    500? A month? A week? Total? What does the rest of your portfolio look like and what is your risk appetite? One suggestion without knowing specifics:

    1. Shares - 70%
    2. Crypto - 30% BTC/ETH/Alts (70/20/10)
    I'm willing to risk 500 upfront to maybe get a feel for it for maybe 2_3 months
    Never invested before


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  • Banned (with Prison Access) Posts: 1,586 ✭✭✭ sasta le


    Irish_rat wrote: »
    Buy a small bit every week.

    Look at running nodes and making some crypto for free. I have my theta edge node running 24/7 collecting some tfuel.

    Use the brave browser to collect some BAT. It's small but adds up over time.

    Stick to the top of the market for 90% of your portfolio where btc should dominate. Also if you want to make money prepare to be patient and hold long term

    Thanks
    I'm willing to put in a bit as I said to get a feel for it.Deffo willing to go long term with it
    Any good guides for basics?Or how to buy etc


  • Registered Users Posts: 5,667 ✭✭✭ el diablo


    sasta le wrote: »
    Thanks
    I'm willing to put in a bit as I said to get a feel for it.Deffo willing to go long term with it
    Any good guides for basics?Or how to buy etc

    Here is a decent introductory guide for beginners.

    We're all in this psy-op together.🤨



  • Registered Users Posts: 15,106 ✭✭✭✭ Dohnjoe


    sasta le wrote: »
    Thanks
    I'm willing to put in a bit as I said to get a feel for it.Deffo willing to go long term with it
    Any good guides for basics?Or how to buy etc

    Key bit of advice is not to rush it. Watch videos, read guides. Stick to the main exchanges for now, I'd recommend the Coinbase or Kraken exchanges as a starting point.


  • Registered Users Posts: 2,525 ✭✭✭ Irish_rat


    sasta le wrote: »
    Thanks
    I'm willing to put in a bit as I said to get a feel for it.Deffo willing to go long term with it
    Any good guides for basics?Or how to buy etc

    For beginners Coinbase is a good place to start buying but over time you will use cheaper exchanges like Binance.

    Get used to sending and receiving but don't do it often. Network fees can be few euros.

    Invest in a hardware wallet in the next few months when you have a bigger bag.

    There is a lot of shillers in the space, so don't fall for the newest in thing. Most alts are pump and dumps. Projects are in the top 10 for a reason. Also look at bitcoins dominance of the market.


  • Banned (with Prison Access) Posts: 1,586 ✭✭✭ sasta le


    Irish_rat wrote: »
    For beginners Coinbase is a good place to start buying but over time you will use cheaper exchanges like Binance.

    Get used to sending and receiving but don't do it often. Network fees can be few euros.

    Invest in a hardware wallet in the next few months when you have a bigger bag.

    There is a lot of shillers in the space, so don't fall for the newest in thing. Most alts are pump and dumps. Projects are in the top 10 for a reason. Also look at bitcoins dominance of the market.
    Thanks you.Any reading videos or podcasts is recommended


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