Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

What is a better way to invest 1000 dollars as of this point in time? A non-bitcoin cryptocurrency or an s&p based index fund?

10 Answers

Relevance
  • 1 month ago

    I think it makes sense of investing in the creation of a web or mobile application of any kind. They're pretty demanded these days. Here is a good example https://agilie.com/en/blog/why-you-should-consider...

  • 1 month ago

    The slow way to double $1000 GUARANTEED over many many years is in the stock market. 

    The extremely fast way to double $1000 within seconds is betting on red or black on a roulette table, your chances of winning with this is about 50%. 

    Crypto, in my opinion is significantly better than the casino option. Mainly because, unless it goes to literally $0 then you won’t lose all $1000.  Plus there’s a chance, albeit little, that it could double, triple, or go even higher than that.

    If you want your money to grow guaranteed, then buying a s&p 500 index is your best bet. 

    That being said, I have no problem allocating 1-2% of my portfolio to speculating investments. 

  • Anonymous
    1 month ago

    Bitcoin was, is and ever shall be for morons.  The S&P500 has gained 6000% in value since 1978.  Do the math yourself.

  • 1 month ago

    An S&P 500 based index fund is a better way to invest $1,000.

    A non-bitcoin cryptocurrency is far riskier and has more potential for large gains or large losses.

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • Kieth
    Lv 7
    1 month ago

    Buy gold, it never loses value.

  • Anonymous
    1 month ago

    cryptocurrency = large chance of substantial long term decline. S&P has almost no chance at a large decline over a long period.

  • Anonymous
    1 month ago

    Just a grand? A Hartford Mutual Fund. Actually, any recognizable fund. Take a ride down town & visit a Wall Street bank

  • 1 month ago

    Center fire primers...they have doubled in value...

  • 1 month ago

    There's an old saying:  The QUICKEST (and safest) way to double your money is to fold it in half and stick it back into your pocket.

    There is always risk with investment, especially stocks.  If you can't afford to lose the money then don't invest it.

    At this point in time, I'd advise to WAIT until after the election to see which way the market will go unless you want to risk it.

    Your decision.

  • debra
    Lv 4
    1 month ago

    Lol..

    Open up vanguard s&p account,,keep adding each pay check and forget about it.

    15 years later you will be happy.

Still have questions? Get answers by asking now.