How To Start Investing

   Brother, you want to kneel the devil in the air. You want to live on passive income with 8 vouchers, so that there is no risk. If that happened, there would be no one to work for. Passive low-risk income is usually a maximum of 4-5% per year. With these 8 vouchers you will earn BGN 300-400 per year in the best case, on which you will also owe tax. If you want to make serious money from passive income, you need at least 500 vouchers. Otherwise, with these 8 vouchers you can't open a newspaper button. If you want to multiply them, push in some currencies, stocks and the like and you either multiply them or lose them. Choose - or risk, or modest profit. You will not kneel the devil in the air. I've been trading for 10 years, and if that's the case, I'd be a billionaire by now.

   1. Invest in yourself - training, books, courses, knowledge and skills. This is the most important thing in my opinion. 2. If you want something with measured risk, put money in an index ETF fund with passive management. There is a lot, I personally invest in IJS and use Elana as an intermediary. Average yield 10-15% per year. Very important - DO NOT INVEST in mutual funds with active management, whatever convinces you. Their profitability is not higher than that of passive indices, but their fees are between 1 and 3% per year, and of passive indices are between 0.1 and 0.5%. It sounds insignificant, but the difference in the long run is huge. Play to count and you will see. 3. I personally invest in start-up projects, but it's risky there. If you do not have a risk tolerance, do not. I will also offer you some specific sources of information from which I have learned a lot: Books "Rich Dad, that they are traders and have an interest in selling you, that is, they will mainly present the advantages of their products. It is commendable that you think about investment. Success! that they are traders and have an interest in selling you, that is, they will mainly present the advantages of their products. It is commendable that you think about investments. Success!

   With BGN 8,000 you can't do much, but start thinking about your own business or invest in yourself - languages, courses, trainings abroad. Now is the time. These are the best investments. If you have BGN 50,000, I would recommend you to invest abroad. In a developing country. I deal with such investments.

   It is a matter of balance, as you will see. If you want big profits, there is a greater risk. Smaller profits - less risk. Ask about conservative and balanced investment funds, there are several established companies in Bulgaria that offer these services.

   The bad thing is that in cryptocurrencies many people and organizations saw an udder that they could grind recklessly ... "Their Golden Age" I think is over. Leverages in the range of 20-30 are already traded on FOREX exchanges, which means that with each small movement in the price up or down, tens of thousands of hyenas cling and grind their value. Price rises of the order of 1:20 000 or even 1: 200 will now be just a mirage, and it seems that among all other currencies they will be the surest way to lose your money (supposedly someone else will drain them as a value ...). It's disgusting, I know. But come up with something else. And passive income is the most complex and uncertain to realize. See, if you could buy a small apartment and offer it to tourists through Airbnb - there with one cleaning and laundry every 3-4-5 days you could earn 2-3-4K BGN per month.

   It's ... you're either an entrepreneur or you're not. That is the difference. In the way of thinking of one person and that of the entrepreneur. Money should become your tool, instrument, mechanism, but not your goal. You find a product or service and try to improve it or create one. This is the way in general. Evolutionary and step by step. What to invest in? !! Hmm ... focus on a field in which you have some knowledge, experience - it will be easier for you. Look at things differently. If you have worked as a machine operator until now ... and you have noticed a problem that, for example, the joystick for control is not flexible enough ... well, start making such joysticks to help improve the quality of work, precision and everything to it becomes easier and easier. Here's an idea. This is being an entrepreneur. Solve problems and do only good: ) Everything else is full of porn ... scams, scams, etc. this is not business. It is neither a job, nor an investment, nor a business, nor is it related to any goal, and such do not go far - believe me :)

   Small cryptocurrencies and ICOs but not to buy when they are inflated. I'm making a living from it right now.

   I am also interested in the topic

   I want something that is low risk, but still generates some profit, and not like 20 leva per year if you have invested 5000 ... Well, you want both taco and vaco. Where did you go to invest BGN 8,000? You need this money to be able to tie your pants if something unforeseen happens to you. Do not think that once you have lived in a strictly ordered sequence of events, one day there will be something on your head where you will suffer losses. People keep BGN 100,000 at 0% interest in the banks, he went with a share of BGN 8,000 to look for a non-symbolic profit, even if it is low risk.

   Well, you still understand that I'm 22 and I still don't have a serious job that brings me a stable income? I've listened to webinars on investing and most people say that the earlier you start, the better. What would be your advice then?

   Of course, I can't imagine being able to support myself only by investing. My idea is to start something as early as possible so that I can make bigger and bigger profits over time ... I just want some side income, besides a salary from work.

   "invested about 100 euros in cryptocurrency" Start by learning the difference between investment and speculation ... There is nothing wrong with speculation, as long as you understand that it is. Otherwise, nowadays things are very complicated. I would suggest that you spend most of your time in your own financial education. Not necessarily making money. Gone are the days of investing in the bank, and even the easy investment in the commodity market. I don't know how familiar you are, but the credit system we use collapsed in 2008, and since then we have had a market run by central banks that "print money" and that money manipulates not only interest rates but also the commodity market. The so-called free market no longer exists. The whole thing is made to win a certain group of people very deep into the game, and better not seek advice from sulo and pullo ... A good site to start with is zerohedge. com Money is easily lost, especially today ... mostly because it is not money, but credit, more precisely - a credit bubble. The only thing they can't take away from you is personal skills and knowledge ...