Topic: If you have $20k then where you want use it? (Read 797 times)

For crypto will be invested all the amount?don't you wanted to at least save some part for your real life investing?

or... I would go 2/3 on Bitcoin, 1/3 on Ether  and hold it for 10 years

I would go straight into crypto currencies. 25k is a lot of money and you can already get a decent crypto portolfio with it. If you split that money between bitcoins and a few alt coins you are well diversified and will profit from any future rallies. Going into stocks is not a good idea in my opinion right now. They just discovered a new variant of the corona virus in UK which is spreading much faster.

I would invest in bitcoin and some altcoins as well. Certain amount of money will help me to pay off the debt and for my monthly expenses. As considering the growth in bitcoin is going to just rise, so better to invest in growing cryptos in order to make a good return for coming years.

If I can lay my hands on such amount of dollar, I'm going fully in with real life business. That is where I will be better confident that my funds are safe. Going into crypto, I will only do investments buying bitcoin and Eth because the market is so very volatile.

Your dream is very realistic and good because without our own home we all cannot live comfortably...
It is very sad to see someone who is old but still doesn't have a home, so prepare for your future as well as your family.

have you thought about the risks because currently Bitcoin is bullish and most likely the market will be saturated, refrain from buying until the price drops low is a wise decision.

I would invest 75% into Bitcoin.
I would use the 25% left to invest into my self in order to develop my skills (professional training, coaching, e learning...)

I think that I would divide the money into two. I would invest half of it into cryptos and the other half into a bank. After that, I would observe what will happen in time and adjust the amounts according to in which place I made profit the most. But there is a truth that cryptos can usually be more profitable comparing to a deposit account in the long run.

If i have 20k dollar then i want to buy some land for me. I want to live in my own house. Its a dream to me.

Awesome answers here.

I'd definitely diversify and invest something in crypto, but the majority I'd invest into building a profitable niche site, and then flip it. I've already built a few websites and flipped it for 10x - 20x of their monthly income. It would be way easier to do it with a few thousand to invest in writers and SEO work. The first website that I've ever built was around calisthenics equipment like 6 years ago. Nothing special, just regular reviews and guides. After a year of working on it, I totally neglected the site but wanted to keep it alive. 3 years later, the site was ranking for many buying keywords and I've started to earn about $500 per month on Amazon. Just reinvested that money into content building and SEO work and boom, a year later we were able to flip the site for $30,000.

I suppose if I had the capital, it would be way easier and faster to reach that amount. Currently, I'm building Region Vavid, and that's definitely where the majority of my money would go.

I would definitely go full on Crypto Investments . Ofcourse it is risky but if you know whats worth investing in , you can make good profits .
Just 3 things to rule out the obvious crypto scams .

*Check whether the project has an active team who indulge in community meets or conferences and shows off the product .

* Check whether they have continuous development of whatever their product is .

* Check whether it has a furnished and clean roadmap which aims to a clean and good usecase and is the team good enough to pull it off .

This will definitely answer your question on whether or not to choose crypto investments over the other standard investment options .

I would put $8K in BTC and $2K on alts.
I would start a small business with $7K spend at least $1K for my family to go out.
And the remaining $2K would be my saving or emergency funds.

It's rare that I have $20k. I will put my $10k in btc and other $10k in eth and Trx.

If you would put all the money into bitcoins right now you would only get around 1 BTC. The crypto market is still a good place to invest in but I would try to diversify across atleast 5 alt coins next to bitcoins. Also saving some money and put in an invest fund in your country is a good idea. Economic growth is expected to pick up again next year.

Iwill Buy Ripple since the Value is still struggling in $0.61 ,So i may hold more than 30k XRP and then wait till the ATH reach sooner,or even $1,5 is enough for me to get out and just double my $20,000

or the next option is to put that In real business because in My country that is enough to established a Decent Business but of course you must make it progress.

If I was to just somehow come up on having 20k. I would use it to buy 1 entire Bitcoin. 

This has always been my dream to have a entire coin like that. 

I am into this Bitcoin and Crypto game for the long run and think that 20k Bitcoin will be worth 100k some day.

Yes, I think we should definitely look to invest somewhat in Cryptos, it is one of the BEST opportunities for us. I usually do it through trading under FreshForex, as there are so many benefits for one to work with, it really helps with performance.

I would make real busines with 50%, saving money 25%, travel to search & developed busines 20%, 5% give food for hungry people i see

I prefer Real Life Business, because besides we can be bosses, we also indirectly open job vacancies for people & can help people who are struggling with the economy.

With 50% I would invest in cryptocurrency and with the rest 50%, I would do travel to other countries of course after covid!
And make money on travel, as I can work online everywhere!

It is a good decision to hold but it is better to invest in different places without being limited to one place. If it is damaged the damage is less in all aspects it is possible to reduce the damage from other places spending in different places will increase the wealth very fast.

Good segregation of amount for future mate.

But i guess i will put half for Crypto specially bitcoin in which i will put the  30%.

Business is the 25% and the other 25 is for savings.

Will never  invest in Gold as i more trust crypto than gold.

Yes it is indeed profitable but risky as well. Crypto is one of a reliable investment. But it requires knowledge for every investors to not end up investing in bad projects.

In my case 30% for crypto. 30% for business. I will add 20% for gold and the rest is for savings.

In crypto market there have many currency so if you invest in fake currency then your money can be gone. So best suggest you can buy some top currency and make some money holding in your country bank.

If I'm given 20k usd to invest in one of the options you listed OP, i will with no second thought stack up some good gems of cryptocurrency assets with high upward potentials. Note i will not put my funds in the hands of anyone on the name of any form of investment, rather i will be holding my assets.

If I have $20k and I don't use it for anything, I will use $10k to invest in crypto, and I will save $5k in the gold and $5 in my bank account. I think that is enough for me to have additional money, even if that is small money. But I will use $10k to invest and trade that funds to have a chance to make a profit and increase my balance in crypto. If I can have made many bitcoin, I will hold it and wait until the price increase higher, so I can sell it and make another profit.

Make sure you know what cryptocurrency to invest and not just random coins.
sorry but What?can you please clear it well because i think it is hard or cannot be understand.
Keep in saving to reach 100k?meaning you will add another 80k before deciding in which to invest?

Hey everyone,

I quite like this question.

I would invest in stock market with online brokers. There is a good article about a current test of the best online brokers in 2020. I think this is still a very special topic which needs more attention. A lot of people still don't have a clue how to invest their money right. It may be crypto, it may be in real life or in bank investments.

If you want to just have a look at this article: https://www.fitformoney.de/online-broker-test/
It's a swiss website so the article is in german, but you can easily translate it with Google or DeepL for example.

My friend has bought btc in the end of 2017. One think I know it what you shouldn't do in December 2017 it's to buy btc lol

I will put it in real business were im the owner and the ceo of my business, means im the boss. I dont want to put it on bank as im not the one whos holding my money,  in crypto too risky

You are correct.  I meant to say that saving in the account of your bank and get some interest on it. Though it will be very less and differ from each country as well, but for those immediate money which may be required and need to have some handy as well so this is the best option and safe as well for those who are do not want to take any risk.

20k is not enough to invest.
I would keep it saving them in order to reach 100k and then decide what I'm going to do with this money. 20k is not going to change my life or make me retire from my job.

There's no investment in the bank unless you're going to allow them to use your money for loans and will just give you a tiny profit from the interest that they'll get from your money.

I guess you mean saving it to the bank.

Crypto is my first choice and would invest 80% them in crypto and 20% in the bank investment so that for the regular use I can withdraw from the bank and for the short- and long-term income I can get it from the crypto. The bull run is yet to be seen I believe and it will cross a new milestone in the coming time.

I would buy fertile land away from cities. And would plant a lot of fruit trees.
Yes, I also invest in crypto and other areas. But all this could collapse, and then I will have a backup.

Build my own house and that would be enough already if it really be granted even if it is a dead investment as what others had told me. No income could generate in building own house ad you can only get a profit to it if you will going to sell at higher price. Unfortunately you would not like to sell your own house because that is one of the basic needs for survival which is shelter. There are good investment too that could do for 20K usd but that is really my priority. Hopefully it will be granted.

If it's a good debt for you, that's a good decision. But if you don't have any other source to sustain that car and you'll take it through a loan.

That $20,000 will just be eaten by the dues.

If I have that amount, I would split them in two parts. One part is for Hodling Cryptos. Other one is for Real Life Business Investment. I have business ideas.

Matter of regret, I don't know from where I will get that amount?

Use it for downpayment of a car

I think It is not a great idea to urge someone to spend that huge amount of money in just gambling, because even if he has a great skill when it comes to gambling there will be no assurance that his money will be double or will be increase from what he earned. It's still a good decision if you will divide the amount and use it into different ways such as investing into business, investing in bitcoin and etc.

I know you are just promoting something but please don't influence someone into something for your own good.

If someone would give me $20k without any restrictions and let me invest it to my best knowledge. I would take half of it and put into cryptos. Most of it into bitcoins and the rest I would spread out across 5 alt coins. The other $10k I would use for gambling. Half of it I would use for luck based games like black jack and roulette. The other half I would use for my poker bankroll and try to move up to higher stakes.

if I had 20k $ I would exclude regardless of bank investments and I would focus more on crypto and bank investments

That amount is equivalent to Million in my Country so that is a Big amount.

- Will invest in Crypto half of it majority is Bitcoin and Ethereum.

- Will Invest in Real life business such as food,or i will add as capital in our online  business.

Everyone is saying the same.
Have you ever considered what would be the best project to start and how you define it?
I am sure that most of us do not know.
If you knew you would do it from the beginning, without waiting for the money to come.. Storing is the safest path to take with 20k until you find a way to invest them.

I would like to invest 70% For crypto investment, specially on btc and eth both because nowadays crypto market is raising up. So it would be better decide for earn money by investing on cryptocurrency and other 30% would like to invest for Real Life Business, because Real life business will have given me support me as well as confidence, if i loss in crypto

If ever I will be having $20k, I will be using it to either buy a house and lot for myself or I will be using to start a new business and hoping to have a profit from it. I will surely be also put some money to my savings account, so if ever anything happens, I still have money that can be withdrawn and be used in the future. If I will have a profit from the business I'll be doing, I might as well invest it in crypto to have a larger profit.

I forgot about this because I don't have debt to anyone.

But it's a good decision to do this first so that you can breathe well with your expenses. Most of the financial literacy teachers that I've heard, they're all telling this.

Paying off debts will allow you to move further so you won't be thinking of any burden that you have missed just like debt.

I want to use it on different things.. First of all i will spend my half of on ma parents. I bought new car for them. I will buy hujj tickets for them. I will buy new clothes, shoes and much more for them. After that i will spend my remaining money on my siblings. I will trying to fulfill their wants, wishes and desire. After that i will shoping for myself and went to dubai tour

I'd save half of it, and then invest $4k on crypto or stock, the rest i'm gonna spend on new stuff.

I will almost spend half of it on my shopping and remaining on eating food that I craved for so long 

Investing isn't just risky in investing in crypto.

The things that you have mentioned such as those businesses that you want to open are also risky. There's no guaranteed in business and investments.

But for us who have made well in crypto, we can always say that it's profitable.

I would like first to buy somethings that can bring me money more. Not online business , but real life business. Like opening restaurant or selling clothes. Because, it is too risky to invest such amount in crypto , it will be like gambling and you can lost your money.

20k$ is not a lot these days, if I ever have, I would invest it in a good pc, not the high end but can go through shit. The price of parts in my country is relatively cheap so it will be alright, better to invest on skills first then invest in passive income.

Crypto investment is the real deal if you understand crypto very well. Though crypto is more like a currency than investment.

Real life investment will be my second option.

I would keep 10k of that as bitcoin and split the other 10k into 10 shit coin, with potential like $Bot

I would like to a open a real life business too myself. But not sure if 20k would be really enough. I have been saving for a long time, most of it in either stocks or crypto. I think diversification is the key here. Not sure if I should be switching some of the money into commodities or maybe a real estate fund. Both area where on the rise strongly on the last month but should hold their value if the crisis continues.

Most rich people have real-life businesses and that's made their wealth.

The food store is always reliable but it's not just because you have a food store, you'll earn from it. You need to consider the location and other factors to make this kind of business successful although you are right, it is a necessity.

I would have divided it into 2 parts , with 10k , I would bought Ethereum and joined to legit IEOs , with 10k I would bought usdt and lend it through binance lending , get around 8% apr

I like "Real Life Business", I will open a food store because food is always consumed by everyone.

If I had k 20k I would use it in different places would not confine myself to one place. I used both online and offline we would hold on for some investment and save for daily needs and future outside of investment. Then we would stay to invest in crypto and save in banks outside of crypto. It will not be lost or stolen and the price will not go down banks are confined to one place as they are under the control of the central government.

If i really have $20k, then I would like to investment all of money on Real Life Business. Cryptocurrency lovers may dislike my thought but i know better about my situation and i know which decision would be best for meh

If I get this amount, I will use it in several ways, such as investing some, trading some, storing some, and opening a small project in real life that will enable me to make good profits.

I will buy Bitcoin and ethereum equally for that $20,000 i know it is risky bt the way i look at market now?i know there are very good future specially this year and the coming one.
If you have skills in Stock then yeah you can venture both stocks and crypto.

Can you cite some of those personal expenses?

Your money will just become smaller due to inflation if you will stock it in the banks.

I would definitely invest in stocks and cryptocurrencies and the rest I would use it for my personal expenses.

$ 20k is a huge sum, so I would have used the money very wisely if I had it...
I will save 50% for my children's future education savings, 35% to buy land in my hometown and the remaining 15% I will invest in gold and Bitcoin. for now, I don't think about the house because my husband and I already have a house that was given by my in-laws, so I no longer think about buying a house.

Do you ever wonder what can you make from deposit your money into a bank accounts?

Banks maybe giving 5% returns per year but the inflation might eat 4% of it or even more due to economy depression so you are going to make nothing so learn what is investing and what is saving if you have money.

Most likely, I will just put them on Deposit in the Bank, and that's all, if there is a profitable opportunity to buy a house, car, or similar things - I will take advantage of this, but mostly I will continue to save money.

Bank investments don't seems very good at the moment. You get almost no interest on your cash, after fees and inflation you are losing money. Buying stocks doesn't seems so good either. Prices are very high but the economicy is trailing due to corons. I would go for your other options.

I don't know much about starting a real life business so I can't give an opinion here. But is $20k really enough to start a business? I guess it depends on the country you are living in, I would assume you need more money. Especially if things don't go as planned and you need to cover expenses for a few months.

Crypto investments would probably be my plan. Bitcoins price is fairly high so I would only put a fraction of the money in Bitcoins  and ETH. The rest I would use for altcoins.

I would spare it between crypto investment and a real life business.
This would help me to diversify my investments and minimize risk while I would separate my income streams.
This would be viable in order to spend my life time good along those two investments.

If I have $20k right now I will use the 30% to invest on crypto. Its risky but we know that crypto investment is profitable though it will take time before you can see the outcome of your investment and it depends on the coins you choose to hold.

Another 30% for business. I will build a business and use the portion of the money as capital. During this time businesses are slowly closing down because of the virus. So I will think of something useful that despite of lockdown people will support/buy it.

The remaining 40% will go to bank and serve as our savings. We dont know whats ahead and how long this virus will stay so having a money that you can use anytime specially for emergencies are really a must nowadays.

I would have diversified but if i thought it was not enough for real business then i would have gone for small cap quality coins.

I might buy some digital currencies and store and sell them when the prices go up, or I buy a luxury car for this amount, and there are a lot of real schemes that I can implement.

It should be understood that the business is not stable and may close due to another "Black Swan". The crypt currency is shit.If we're talking about saving money, I'd split that money into 3 parts - dollars, euros and Swiss francs. In Ukraine, where I live, banks for a long period of time offer income in the currency of 3-5% per annum after tax deduction (If we are talking about large international banking holdings, the reliability of which no one doubts). Or there is a possibility of investment insurance, as an option. It is also possible to consider the debts of the state in national currency.

The first thing you'll want to do if you have $20K is to have appropriate expectations.

For example, an investment in the S&P 500 (SPY), which is widely considered the most popular investment, currently yields 1.85%.

That means if you invest your $20,000 then you will receive about $30 per month in dividends.

Many investors on this board have unrealistic expectations for returns and this leads them to being disappointed and chasing scams with ridiculous claims of return rates.  That is why I say the first thing you need to do is have appropriate expectations.  If a $30 per month return on $20,000 seems low to you, then perhaps investing isn't for you and you should instead look at gambling. 

You need to learn about how modern Banks work, specifically fractional bank reserve. There are lots of videos and documents about it online.

Therefore quite the opposite, if you move it into bitcoin, it will never be moved of stolen, provided you make a cold wallet (aka paper with 12 hand written words) and protect it properly. The bank might collapse tomorrow, without warning (there is rarely any warning, because once it appears its a rush to withdraw before they close).

So no, no "Crypto" investment, no Bank investment, and "Real life" investment can be both risky and slow. Of course diversify is always wise.

Move your savings into bitcoin before your bank or your fiat collapse, both have happened and may happen before you can do anything to react. No one can kill bitcoin, but it takes one politician to destroy your wealth or little gossip to destroy your bank(s).

Banks usually don't go bankrupt because they get aid from institutions that act like banks for banks, usually called "Central Bank" or "Federal Reserve". This makes in theory the banking system as strong as the whole country, but, it is not infinite. If only 10% suddenly decided to withdraw, the whole system breaks apart. This is why they rush to aid the banks while leaving the people on their own every-time a bubble bursts. The only cure for bubbles is Austrian economy, and Austrians don't want fractional reserve bank, or fiat money.

Again: bitcoin preserves wealth, banks do not.

I'd probably split the money into 20 to 40 parts ($1000= 20parts or $500=40 parts) and invest maybe 5—10 parts into some selected businesses with high chance to succeed... then do the businesses for sometimes to see which one/ones are better/profitable. I think the better ones will get additional funding.

I prefer this way in order to minimize risk while trying different businesses to see which ones to eventually stick to.

It would go to my sisters sick mother because they cant afford medical treatment at the moment. 

In the current situation, I would spend half of this money on developing my business, and the other half on solving everyday issues.

The answer depends on your personal situation. Do you have debts? If so, you should use that money to pay off your debts. Do you have an emergency fund? If the answer is no, you should put at least some of that money into the fund.

Only then should you see what you do with the remaining money.

In my case, I would probably split it. I would invest some in bitcoin and some in the stock market, which you haven't mentioned.

The two options will do for me, crypto, and real-life business but I'll still keep some for savings. These three things that I'll do if somebody will give to me $20k.

But the business, I'll start it whenever the pandemic is gone. It's not advisable for me to create a new business this time as we're having limited movement and there's a fear that surrounds the potential market that I'm planning to get in.

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.