Bitcoin, Crypto and Stocks

There are loads of crappy cryptos that will never amount to anything. 

At this moment prices are going crazy, you could literally pick any number of coins and over the next few days or weeks however long this goes on for and they will shoot up in price and you will think you're great but they could then crash and never return to the price you bought. 

One final piece of advice is follow Benjamin Cowen 

I had some cardano and litecoin.....I just can see them ever reaching a Bitcoin price or level.

There’s a boom at the minute so who knows!! But I like XLM or at least the idea of it but long term I wouldn’t think it’s safe. 

For me if I make 20% on investment I’ll get out and put it into Bitcoin which would hopefully be more of a long term strategy. 

Edit; I’m anything but ah expert too, I’ve read up on anything I’ve put money in but all of us are basically riding a wave of eejits (myself included) getting involved and booming in the market. XLM & XRP are very similar, and both were very cheap which I think would be an important driving factor 

The Americans are getting another 1,400 stimulus check in the next week so the wave will continue for another bit. They were allowed take 100k from their pensions for C19 so the US stock market, Real estate, crypto’s are at an all time high. 

It’s actually when people start going back to work I think there will be a rebalance in these asset classes. 

Just remember to manage your risk and have a plan to unwind if you need too. 

If you check out the mortgage thread, there is information on there.

It’s a great idea for a new child. The value of compound earnings is huge and regular investing is the best approach. 

You need to set up an account and look to invest in a low cost ETF that tracks the US Index (annualised returns are 10-11% over a long time).

Don’t let them sell you any UK, Euro funds. 

Your bank (AIB etc ) should have this option.

Or else something like Aviva / HL will have this option.

There will be an annual management fee, say 0.5% and the etf fee of 0.2% but as long as it’s under 1% that’s okay. The increased returns are worth it.

Compound Interest over time

I used them to get up a stocks and shares ISA for my God Daughter.

Basically, I throw a bit of money in every month via DD and can also top it up on Birthdays/ XMAS etc as a gift. App is very good and lets you invest in shares, indicies etc but I just have one of their managed funds. 

Very easy to get going on it, great little App to monitor and manage it.