Hoping for some tips on general investment etc.
I'll get to the point shortly, but first:
I just recently got enrolled in a education program run by the government that seeks to further educate people with a mainly practical background.
Decided to go for a engineering degree in Electronics as that's basicly the only thing I'm able to apply for, and it's also one of the few things I have interest it.
After I got my acceptance letter not long ago they told me I was eligible for a loan, parts of this loan may turn into a sort of scholarship allowance of sorts upon passing the studies.
This loan has a very low interest rate of currently 1.67%, and is a reliable low interest solution that the government uses to make sure people get a proper education.
I am seriously considering taking that loan, and putting all of it in various stocks and funds. The market is at a low now, but even if it starts going back up a bit before I get the first sum in mid-august I should still be able to "hitch a ride" a bit further up. The plan: If I am able to plan my way in the market "just so" it is possible I could repay a reasonable bit of my mortgage and still have a bit left after fulfilling my education in 3-4 years time.
Even though I am not guaranteed that the loan will turn into "school funds" I am still guaranteed a very low interest rate, so my thinking is that a well-planned portfolio should be well worth it.
Is this a bad idea?
I am concidering spreading it over a few specific tech companies, some stable dividend stocks and something in agriculture.
Thoughts and opinions are welcome.
I'll get to the point shortly, but first:
I just recently got enrolled in a education program run by the government that seeks to further educate people with a mainly practical background.
Decided to go for a engineering degree in Electronics as that's basicly the only thing I'm able to apply for, and it's also one of the few things I have interest it.
After I got my acceptance letter not long ago they told me I was eligible for a loan, parts of this loan may turn into a sort of scholarship allowance of sorts upon passing the studies.
This loan has a very low interest rate of currently 1.67%, and is a reliable low interest solution that the government uses to make sure people get a proper education.
I am seriously considering taking that loan, and putting all of it in various stocks and funds. The market is at a low now, but even if it starts going back up a bit before I get the first sum in mid-august I should still be able to "hitch a ride" a bit further up. The plan: If I am able to plan my way in the market "just so" it is possible I could repay a reasonable bit of my mortgage and still have a bit left after fulfilling my education in 3-4 years time.
Even though I am not guaranteed that the loan will turn into "school funds" I am still guaranteed a very low interest rate, so my thinking is that a well-planned portfolio should be well worth it.
Is this a bad idea?
I am concidering spreading it over a few specific tech companies, some stable dividend stocks and something in agriculture.
Thoughts and opinions are welcome.
“The market is at a low now”
How do you know?
“Is this a bad idea?”
See above.
Are you sure your government will allow you to buys stocks with your education loan?
How do you know?
“Is this a bad idea?”
See above.
Are you sure your government will allow you to buys stocks with your education loan?
The money is meant to cover living and startup expenses for studies, there's no limitation on what you're using the money for. Every Norwegian student can apply.
Indeed, it's hard to say when the lowest low will be, but I think it's going to be sometime this year. I'm thinking we should be getting close to a low at around august/september somewhere and that's when the payouts begin.
Indeed, it's hard to say when the lowest low will be, but I think it's going to be sometime this year. I'm thinking we should be getting close to a low at around august/september somewhere and that's when the payouts begin.
Buying a small number of stocks is a very poor idea when investing. You want to diversify as much as possible but keep investment costs low. My wife and I bought into multiple indexes using Vanguard. Our stock portfolio is spread across thousands of companies in almost every sector. We have properties too, for further diversification. Work around a >10 yr time frame and you'll have a very high chance of success. You have some reading to do.
I'd be really careful with such a scheme. IMHO that whole show is run by crooks and gangsters at all levels of government and the banking industry and it's all setup to take the average joe to the cleaners, while they get even richer. Short of a war, some biological disaster, or the power of social media, you wont beat it; you'll only get whatever they allow. Which isnt necessarily positive in all cases.
If only - yeah, if only I knew what the future would entail. I doubled my money on a couple chickin-little bets on two military supply companies that crashed along with everything else right after cvid hit. Well, a vac for that got developed and they recovered to their previous value, bouncing along pretty much sideways until I got around to selling. Too bad I didnt have the guts to do that with all my portfolio; there was one hotel chain down south that - if they didnt go under - probably could have got a 10-banger on, after people decided it was OK to go on vacations again.
I dont know how to play it - the hardest game in the world - other than some once in a lifetime event where everything crashes and you're pretty damn sure in a few years, it'll be right back where it was. But I wasnt even so sure about that; hence I only bet 6k pittance, to "see if the scheme would work". It did. Trouble is, when's something like that going to happen again - in my lifetime? For all the suffering endured by million of people, I hope not. Just to make a dime on it.
Other more ordinary market risks I feel they'll just take your money like taking candy from a baby, never to be seen again. FWIW, I do admire the "kids these days" using social media to empower themselves against institutions not yet setup to see that one coming. It's amazing what they've learned about how banking, the US SEC and markets work along their way; they're exposing a lot of what you and I would otherwise have no idea what actually goes on in those arenas.
If only - yeah, if only I knew what the future would entail. I doubled my money on a couple chickin-little bets on two military supply companies that crashed along with everything else right after cvid hit. Well, a vac for that got developed and they recovered to their previous value, bouncing along pretty much sideways until I got around to selling. Too bad I didnt have the guts to do that with all my portfolio; there was one hotel chain down south that - if they didnt go under - probably could have got a 10-banger on, after people decided it was OK to go on vacations again.
I dont know how to play it - the hardest game in the world - other than some once in a lifetime event where everything crashes and you're pretty damn sure in a few years, it'll be right back where it was. But I wasnt even so sure about that; hence I only bet 6k pittance, to "see if the scheme would work". It did. Trouble is, when's something like that going to happen again - in my lifetime? For all the suffering endured by million of people, I hope not. Just to make a dime on it.
Other more ordinary market risks I feel they'll just take your money like taking candy from a baby, never to be seen again. FWIW, I do admire the "kids these days" using social media to empower themselves against institutions not yet setup to see that one coming. It's amazing what they've learned about how banking, the US SEC and markets work along their way; they're exposing a lot of what you and I would otherwise have no idea what actually goes on in those arenas.
Last edited:
I guess they will check you actually study.
They will definitely check your exams, which you will need to pass, so you will have to study.
What money will you use for that?
Again:
What money will you use for that?
Forget the market:
Again (for the third time):
What money will you use to study?
Let alone everyday living expenses.
What money will fund your portfolio?
What money will fund your studies and everyday living?
Student loans are always very tight (to say it mildly) , not a spare penny let, you will use all of it living and studying.
How many cents will you dedicate to every investment?
Because 99% of the Student Loan will be spent on your studies and living expenses.
Unless you decide to cheat and not study at all, but that will stop further payments in their tracks.
You will have to return first month payment, up to getting into legal trouble.
That´s an oxymoron.
They will definitely check you actually enrolled and are assisting at classes.
Your lies will last for 30 days, tops, or until you ask for the next installment.
Last edited:
The money is sort of beside the point, really. You do not need to concern yourselves with the legality because this is something all Norwegian students are entitled to, and as to my other expenses I have a full time job that ensures a steady paycheck, my employer is informed of my plan to study alongside work and is ok with it.
Here in this country School is almost completely free by law, so the loan is meant as a help to cover various expenses for school, if I plan my economy right I should be able to get by on my regular pay. I am not really used to having money, coming from a low place in society so I have no problems giving up a few luxuries for a period of time if that is more beneficial for the long run.
So I am merely seeing an opportunity in a few months time for schewing my expenses a little bit to liberate some funds, this is not free money, it will require careful management to pull this through and I have at the same time basically forfeited any and all free time for the next three years.
You are right in that I will need to pass exams and all that, again, this is not free money. I am merely trying to make the most out of a small opportunity that I have, trying to make the absolute most out of this small break instead of letting it go to waste.
I think just about everywhere in the world now the economy is tightening up painfully for regular people, and it's the same here.
I've never been used to having more money than mostly being able to scrape by, and things are starting to look worse, trying to find a way to keep myself and my family afloat so to speak.
I am not breaking any laws, this plan is well within the law, I will be studying, this is not free money - merely a very limited opportunity.
Here in this country School is almost completely free by law, so the loan is meant as a help to cover various expenses for school, if I plan my economy right I should be able to get by on my regular pay. I am not really used to having money, coming from a low place in society so I have no problems giving up a few luxuries for a period of time if that is more beneficial for the long run.
So I am merely seeing an opportunity in a few months time for schewing my expenses a little bit to liberate some funds, this is not free money, it will require careful management to pull this through and I have at the same time basically forfeited any and all free time for the next three years.
You are right in that I will need to pass exams and all that, again, this is not free money. I am merely trying to make the most out of a small opportunity that I have, trying to make the absolute most out of this small break instead of letting it go to waste.
I think just about everywhere in the world now the economy is tightening up painfully for regular people, and it's the same here.
I've never been used to having more money than mostly being able to scrape by, and things are starting to look worse, trying to find a way to keep myself and my family afloat so to speak.
It is not a lie, I will be studying. A minor engineering degree in Electronics.
I am not breaking any laws, this plan is well within the law, I will be studying, this is not free money - merely a very limited opportunity.
Thank you! I have a hard time finding proper information about these things, is there anything in particular you think I should read?
Do not buy Bitcoins 
The US economy is in deep doodoo (there are rogues and idiots at the controls right now), as are most of the western economies.
Buffett is arguably the most likely to time the bottom with any accuracy. But it may not be for years and it is very likely to get much worse.
It really is the case that novices almost always get obliterated in these conditions: start with the mindset that you have no clue what you are getting in to.
Learn from people with proven success who have nothing to prove or sell.
If you have a tendency to get emotional/affected/dysregulated by money then stay away from the markets or get someone else to help you stay rational.
A book called "A Random Walk Down Wall Street" is good.
Good luck - you will definitely need it. 🙂
The US economy is in deep doodoo (there are rogues and idiots at the controls right now), as are most of the western economies.
Buffett is arguably the most likely to time the bottom with any accuracy. But it may not be for years and it is very likely to get much worse.
It really is the case that novices almost always get obliterated in these conditions: start with the mindset that you have no clue what you are getting in to.
Learn from people with proven success who have nothing to prove or sell.
If you have a tendency to get emotional/affected/dysregulated by money then stay away from the markets or get someone else to help you stay rational.
A book called "A Random Walk Down Wall Street" is good.
Good luck - you will definitely need it. 🙂
It would not be btc, if I decide to buy crypto it would be some Cardano, maybe Ethereum.
Thank you for the 2c, I do not have the insight you do in regards to US economy and will definitely take that into consideration. That is indeed worrisome if they have as little control as you are implying.
Based on what you're saying I will shift my focus slightly and get in touch with a carpenter I know so I can prepare a plan B (or is this C or D?) to change my heat-leaking windows to better insulated modern ones, the price for electric power today was varying between 2-2.80 USD per kWh, yes, you read that right. Long story short it's because "we're" selling all our hydro power to Europe through Acer.
If the economy could drop even further from all this turbulence then minimizing any and all costs takes precedence, will see how it pans out for a bit and do a evaluation in a few months.
Will definitely check out that book, thank you.
Thank you for the 2c, I do not have the insight you do in regards to US economy and will definitely take that into consideration. That is indeed worrisome if they have as little control as you are implying.
Based on what you're saying I will shift my focus slightly and get in touch with a carpenter I know so I can prepare a plan B (or is this C or D?) to change my heat-leaking windows to better insulated modern ones, the price for electric power today was varying between 2-2.80 USD per kWh, yes, you read that right. Long story short it's because "we're" selling all our hydro power to Europe through Acer.
If the economy could drop even further from all this turbulence then minimizing any and all costs takes precedence, will see how it pans out for a bit and do a evaluation in a few months.
Will definitely check out that book, thank you.
Its an really good idea to use the studiestipend to invest - but you must be aware of the risk your taking. I have had stipend/study loan for 4 years - even if i didnt need it during the years i attended school.
Its not free money, but it is the best/most benefical loan you will get in your lifetime. If you die, the loan will not be passed on. The interest is based on the best loan available for housing. You can end it when you want without any fees and set up your own payment plan.
As for stocks; diversify and forget - or concentrate the investments and pay close attention. Funds are good and you may also choose sectors you belive in(pay attention). Index is a slow winner - low risk.
I do not recommend having less than 10 000NOK in a single stock because of fees upon buying/selling. It will eat alot of your gains. 10% gain on 5 000nok is 500nok, fees usually around 2* 70nok= 140nok.
I presume you are norwegian and I recommend "investeringskonto" over "ask/aksjesparekonto". More markets to be invested in with less taxes. Tax for stocks is about 32% or there about. You pay tax on gains and get returns for loss - use this as an advantage (2 accounts, low + high risk).
As for current macro, norway has alot of energy which is nice during times of inflation and the situation were seeing now with underinvestment in oil. Exclude oil stocks from index and were down about 25% for the year. I do have faith in oil(price and further investments) going into next year - but the music will stop soon or later.
Tech has a hard time fighting with increased interest (there is an alternative). They need to make money, which many of the companies dont. Those who survice will probably come out stronger when there is more stimuli for growth(lower interest).
Its a hard time to start - but better now than when the year started.
I wish you the best of luck and hope you start investing in your future.
Its not free money, but it is the best/most benefical loan you will get in your lifetime. If you die, the loan will not be passed on. The interest is based on the best loan available for housing. You can end it when you want without any fees and set up your own payment plan.
As for stocks; diversify and forget - or concentrate the investments and pay close attention. Funds are good and you may also choose sectors you belive in(pay attention). Index is a slow winner - low risk.
I do not recommend having less than 10 000NOK in a single stock because of fees upon buying/selling. It will eat alot of your gains. 10% gain on 5 000nok is 500nok, fees usually around 2* 70nok= 140nok.
I presume you are norwegian and I recommend "investeringskonto" over "ask/aksjesparekonto". More markets to be invested in with less taxes. Tax for stocks is about 32% or there about. You pay tax on gains and get returns for loss - use this as an advantage (2 accounts, low + high risk).
As for current macro, norway has alot of energy which is nice during times of inflation and the situation were seeing now with underinvestment in oil. Exclude oil stocks from index and were down about 25% for the year. I do have faith in oil(price and further investments) going into next year - but the music will stop soon or later.
Tech has a hard time fighting with increased interest (there is an alternative). They need to make money, which many of the companies dont. Those who survice will probably come out stronger when there is more stimuli for growth(lower interest).
Its a hard time to start - but better now than when the year started.
I wish you the best of luck and hope you start investing in your future.
Stocks and shares are in themselves valueless and depend on someone else being both honest and successful to give you a return. A gamble. Betting money on horses may be give a more reliable return?
Gold is tangible, you can hold it in your hands and in times of crisis can increase in value. If you buy gold however it is probably not a good idea to hide it in the back of your socks and jocks drawer - ie it can be stolen. Realestate is tangible and may rise in value too.
Education is a very reliable investment - but the return is a long time in the future.
Managing your own cost of living is the best investment.
Gold is tangible, you can hold it in your hands and in times of crisis can increase in value. If you buy gold however it is probably not a good idea to hide it in the back of your socks and jocks drawer - ie it can be stolen. Realestate is tangible and may rise in value too.
Education is a very reliable investment - but the return is a long time in the future.
Managing your own cost of living is the best investment.
The seller may set the price but the buyer(market) will have to agree to it. Selling a car, stock, house or speaker - it will be equal.
Whats the difference on a house you may get 5% return on and a stock/part of a company having history of paying 5% dividend? Both are real - both have external factors.
Careful with housing market upon rising interest. Price is at all time high and many people have loans 5 times their salary. Doesnt take much before the loan is too expensive and downsizing is a fact. It will probably happen to alot of people at the same time... many sellers usually press price down. A 2nd home also have additonal tax in norway.
I do like estates as an investment - but not under current macro outlook(,interests + all time high)
Fully agree. Do not loose sleep on your investments either
Only invest what you can afford to lose, and only invest in low cost index funds.
But this is a terrible time to enter the market, since it's declining fast.
And no cryptocurrencies, they're imploding right now, and never were a good idea.
Fix up your house instead.
But this is a terrible time to enter the market, since it's declining fast.
And no cryptocurrencies, they're imploding right now, and never were a good idea.
Fix up your house instead.
Last edited:
Seriously? If you are even thinking about buying any cryptocurrency of any sort then you are not yet ready to put your important money into the stock market. If you do you are effectively gambling on popular sentiment, and public sentiment is notoriously unpredictable and volatile.
The science of investing is to seek highly predictable, low volatility assets (or a portfolio with these characteristics).
I'd say the first lesson to learn is to separate media hype from reliable data. I have never come across a media culture as corrupt and self-serving as that connected to the stock market, and nothing as additionally outrageous as cryptocurrency hype and the shameless vomit of its pundits. One day this will become a sobering case-study in global, herd stupidity.
I mean it. If you aren't saying an absolute no to crypto you are not ready to invest in anything.
Not sure how they handle it in Norway, but in the US student loans are termed non-dischargeable I think is the term. It means even if you go bankrupt, the loan follows you. Only taxes and student loans fall into that category. And the other question I'd have is, do you feel the money is better invested in you (by possibly using the loan money to work less) or in the market?
Ok, lots of data you did not tell before and of course we could not guess.
Any answer here is based only on what you posted before, what else?
In a nutshell: you will ask for a loan you do not really need and try to multiply that money, is that so?
I am not talking Law or Morals here, fully setting that aside, just focusing on the Economic/Financial side of it.
In my book "the Market" is just a Ponzi scheme, period.
No new wealth is created, and you "win" only if you can sell for 11$ what you bought for 10, and that only if buyer pays those 11 because he hopes to sell it for 12 and so on.
"Earning" money from newcomers who expect to resell at a higher price later doing nothing else is the hallmark of Ponzi plans.
Ponzi payed early investors with money from later ones, all driven by dreams of easy workless "easy" profit ... think again, and it´s the exact same situation.
Applies everywhere: stock market, gold, bitcoin, real estate, you name it.
As mentioned above, Las Vegas casinos (or horse racing, betting on Sports, etc.) amounts to same thing.
Everybody points at the exceptions , such as buying Microsoft stock in the 80s, Amazon in the 2000s, etc. as if they applied to every investment ... think again.
That there may be a few white flies does not change the fact that 99.999999% of them are black, same thing.
Best case, investing in the Market is "passive" profit chasing, nothing you can do will have any influence on price, earnings, outcome (unless you invest millions or billions, a sizable % of the full Market volume, what BIG speculators often do) but that does not apply to us, mere mortals, we can just invest and pray, hoping we bought the winning lottery ticket ... it does not amount to much more than that.
As suggested above, "best" investment, meaning "safest" one,is to spread your money on many options, all of them "safe and stable", at least you (try to) avoid catastrophic failures. And even so....
The flip side of that coin is that "safe" investments are the ones with lowest profit , by definition.
Problem being that they barely accompany inflation, and I mean real inflation, which you can track yourself by the price YOU pay after year for goods (food - gas - household items - college - dentist/doctor fees - clothing - home maintenance - the works) , not that politically influenced made up number which Govenments publish every year.
I keep old Supermarket or components or Phone/gas/electricity/home tax bills, nothing fancy, just drop them inside a shoebox, and every now and then pull a few and compare them to fresh ones.
Results are SCARY 😱 but my point is, real inflation is above any safe investment earnings, suggest you check the same.
End result is that the "get (al least somewhat) richer" by plain investment on stock market is flawed from the beginning.
Personally, and trying to evangelize nobody , I never got into "mindless investing" meaning buying something and *praying*value will rise, but bought actual merchandise itself,something which has intrinsic value, not "what others think it´s worth" which is shaky ground, and resell it at a profit.
Good old Commerce 😉
There you CAN buy for 10 what you will later sell for 12 and repeat the cycle many times in a relatively short time.
Of course,it requires choosing wisely, stocking, a shop or delivering, maybe an employee or two,in short: "working"
In my book, no s thing as a free lunch, if you want to invest and no working, no thinking ... results will be meager at best ... if not negative.
Significant earnings require effort on your side.
Any answer here is based only on what you posted before, what else?
In a nutshell: you will ask for a loan you do not really need and try to multiply that money, is that so?
I am not talking Law or Morals here, fully setting that aside, just focusing on the Economic/Financial side of it.
In my book "the Market" is just a Ponzi scheme, period.
No new wealth is created, and you "win" only if you can sell for 11$ what you bought for 10, and that only if buyer pays those 11 because he hopes to sell it for 12 and so on.
"Earning" money from newcomers who expect to resell at a higher price later doing nothing else is the hallmark of Ponzi plans.
Ponzi payed early investors with money from later ones, all driven by dreams of easy workless "easy" profit ... think again, and it´s the exact same situation.
Applies everywhere: stock market, gold, bitcoin, real estate, you name it.
As mentioned above, Las Vegas casinos (or horse racing, betting on Sports, etc.) amounts to same thing.
Everybody points at the exceptions , such as buying Microsoft stock in the 80s, Amazon in the 2000s, etc. as if they applied to every investment ... think again.
That there may be a few white flies does not change the fact that 99.999999% of them are black, same thing.
Best case, investing in the Market is "passive" profit chasing, nothing you can do will have any influence on price, earnings, outcome (unless you invest millions or billions, a sizable % of the full Market volume, what BIG speculators often do) but that does not apply to us, mere mortals, we can just invest and pray, hoping we bought the winning lottery ticket ... it does not amount to much more than that.
As suggested above, "best" investment, meaning "safest" one,is to spread your money on many options, all of them "safe and stable", at least you (try to) avoid catastrophic failures. And even so....
The flip side of that coin is that "safe" investments are the ones with lowest profit , by definition.
Problem being that they barely accompany inflation, and I mean real inflation, which you can track yourself by the price YOU pay after year for goods (food - gas - household items - college - dentist/doctor fees - clothing - home maintenance - the works) , not that politically influenced made up number which Govenments publish every year.
I keep old Supermarket or components or Phone/gas/electricity/home tax bills, nothing fancy, just drop them inside a shoebox, and every now and then pull a few and compare them to fresh ones.
Results are SCARY 😱 but my point is, real inflation is above any safe investment earnings, suggest you check the same.
End result is that the "get (al least somewhat) richer" by plain investment on stock market is flawed from the beginning.
Personally, and trying to evangelize nobody , I never got into "mindless investing" meaning buying something and *praying*value will rise, but bought actual merchandise itself,something which has intrinsic value, not "what others think it´s worth" which is shaky ground, and resell it at a profit.
Good old Commerce 😉
There you CAN buy for 10 what you will later sell for 12 and repeat the cycle many times in a relatively short time.
Of course,it requires choosing wisely, stocking, a shop or delivering, maybe an employee or two,in short: "working"
In my book, no s thing as a free lunch, if you want to invest and no working, no thinking ... results will be meager at best ... if not negative.
Significant earnings require effort on your side.
We have a saying in Hindi, which translates to 'Do not let your feet stick out of your cover sheet while sleeping in the bed'...
Do not take risks you cannot afford.
You must have the capacity to repay any losses incurred.
Improving your home is a better use of money..
Certificates of Deposit for gold are available here, they are anonymous, if needed. A bit safer than actual gold.
Crypto seems to me to be a money laundering scheme for narcotics traffickers, and corrupt public servants.
There is no information about the owners of Bitcoin, for example, and the conversion from crypto to physical is confusing for me.
As for numbers, the cost of opium is about $5 per gram, or about $50 per gram of morphine here, converted to heroin, about $60.
The difference between that and the street price is the drug supplier's profit, and the entire chain is of course illegal.
That money has to flow from street seller to the drug lords, in an untraceable fashion, and crypto seems favored here.
The figures are in billions of dollars annually.
Here corrupt police men and politicians have favored crypto recently because it is anonymous.
You want to take the risk of crypto vanishing, go ahead.
The safest long term investment with maximum return has been suburban real estate in growing cities, and I think there are none in Norway.
You have about 20 years of work available to you, do not waste your time, invest time and effort properly.
There will be expenses in the future for children, if you have them, medical emergencies, maybe a bigger house.
Stay liquid, stay safe.
As it is, Europe is moving to a has-been in terms of economic strength, bear that in mind, so the value of investments will see less growth than elsewhere.
All speculation is risky, study your market carefully.
And stay away from currencies, the big balloon is the US one, if it is pricked...big change in the economy as we know it.
Do not take risks you cannot afford.
You must have the capacity to repay any losses incurred.
Improving your home is a better use of money..
Certificates of Deposit for gold are available here, they are anonymous, if needed. A bit safer than actual gold.
Crypto seems to me to be a money laundering scheme for narcotics traffickers, and corrupt public servants.
There is no information about the owners of Bitcoin, for example, and the conversion from crypto to physical is confusing for me.
As for numbers, the cost of opium is about $5 per gram, or about $50 per gram of morphine here, converted to heroin, about $60.
The difference between that and the street price is the drug supplier's profit, and the entire chain is of course illegal.
That money has to flow from street seller to the drug lords, in an untraceable fashion, and crypto seems favored here.
The figures are in billions of dollars annually.
Here corrupt police men and politicians have favored crypto recently because it is anonymous.
You want to take the risk of crypto vanishing, go ahead.
The safest long term investment with maximum return has been suburban real estate in growing cities, and I think there are none in Norway.
You have about 20 years of work available to you, do not waste your time, invest time and effort properly.
There will be expenses in the future for children, if you have them, medical emergencies, maybe a bigger house.
Stay liquid, stay safe.
As it is, Europe is moving to a has-been in terms of economic strength, bear that in mind, so the value of investments will see less growth than elsewhere.
All speculation is risky, study your market carefully.
And stay away from currencies, the big balloon is the US one, if it is pricked...big change in the economy as we know it.
Last edited:
I have worked with stock market related sites going on 22 years. I have seen some things in my time.
The most fun was the first US market day after 9/11.
2008 was loads of fun as far as maintaining assorted serving capacities.
The onset of COVID and then the Gamestop mess just kept things interesting. Whenever you think you have enough capacity, you find yourself saying "We are going to need a bigger boat"
I have watched people empty their work IRA and go play the market, make some large gains and later watch it just flush down the toilet. Do not do this.
That said I still believe in long term stock investments in a diverse portfolio. Assorted Mutual finds may be the easiest way to keep a wide list of funds and come out ahead over time.
I would not recommend investing in stocks if you have debts to pay. Pay the debts first. Do not hope the markets will go up and you can pay off your debits.
I would not take out a loan to buy stocks or bitcoin or any other investment.
As far as bitcoin or other crypto purchases, you have to realize that they can help with money laundering, tax evasion or drug sales. If someone hacks and empties your wallet or if bitcoin drops to $40.11, just expect your local law enforcement to point a finger at you and just laugh.
The most fun was the first US market day after 9/11.
2008 was loads of fun as far as maintaining assorted serving capacities.
The onset of COVID and then the Gamestop mess just kept things interesting. Whenever you think you have enough capacity, you find yourself saying "We are going to need a bigger boat"
I have watched people empty their work IRA and go play the market, make some large gains and later watch it just flush down the toilet. Do not do this.
That said I still believe in long term stock investments in a diverse portfolio. Assorted Mutual finds may be the easiest way to keep a wide list of funds and come out ahead over time.
I would not recommend investing in stocks if you have debts to pay. Pay the debts first. Do not hope the markets will go up and you can pay off your debits.
I would not take out a loan to buy stocks or bitcoin or any other investment.
As far as bitcoin or other crypto purchases, you have to realize that they can help with money laundering, tax evasion or drug sales. If someone hacks and empties your wallet or if bitcoin drops to $40.11, just expect your local law enforcement to point a finger at you and just laugh.
Frankly, if you can afford it, do not take a loan.
The Ukraine conflict will drag the US and Europe down hill, and China has issues in Tibet and north of that.
The Wall Street speculators, and their counterparts elsewhere, seem to drink too much coffee, and their reactions to turbulent times can be, well, interesting. The market volatility in response to what in hindsight were small incidents has been too much.
If you will, invest in funds which have seen consistent growth over the past 5 to 10 years.
But do not play the market with borrowed money, your thinking changes when you have excess money. Recipe for disaster.
Look what happened in times of turbulence in Argentina and Brazil, and other countries... hyper inflation, food shortages, everything went crazy...with inept politicians, that may happen in your country as well.
Be very careful.
The Ukraine conflict will drag the US and Europe down hill, and China has issues in Tibet and north of that.
The Wall Street speculators, and their counterparts elsewhere, seem to drink too much coffee, and their reactions to turbulent times can be, well, interesting. The market volatility in response to what in hindsight were small incidents has been too much.
If you will, invest in funds which have seen consistent growth over the past 5 to 10 years.
But do not play the market with borrowed money, your thinking changes when you have excess money. Recipe for disaster.
Look what happened in times of turbulence in Argentina and Brazil, and other countries... hyper inflation, food shortages, everything went crazy...with inept politicians, that may happen in your country as well.
Be very careful.
Last edited:
Do you know the story of the tortoise and the rabbit? I used the tortoise method of investing. There are many companies whose stock value has gone up 10x or more quickly. There are many more whose value is near 0 or gone bankrupt. I know I have bought some of the losers. My slow and steady blue chip companies pay out steady divends and on the most part increase every year. Use your loans for education. It will pay off in the future. If you do invest in the future look for something like the Canadian Dividend All Star list in your country. Its a list of canadian companies that have increased their dividends for at least 5 years in a row. Its free. There are several on that list that have increased their dividends for over 20 years in a row. I own some of them. Here is a link. Good luck in your career whatever it may be.
https://dividendgrowthinvestingandretirement.com/canadian-dividend-all-star-list/
https://dividendgrowthinvestingandretirement.com/canadian-dividend-all-star-list/
- Status
- Not open for further replies.