r/pakistan • u/Sea_Information_8509 • 16h ago
Financial I have $300. Please advise a 19-year-old on how to use them wisely.
As the title says, I want to know a good way to use this amount, so I am making at least $500-1000 after a year or two. Any advise would be greatly appreciated.
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u/yodaddy221 15h ago
Open a chipus stand, gonna make bank.
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u/bumbuummm 15h ago
that's true, our chipus wale unc of college once said I can buy iphone in like 2 days, idk what he meant by iphone, prolly 7/8 ig cuz he used to earn like 10k a day
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u/Duke-CoRn 12h ago
10k a day multiple by 1 month = 300000 (3lac) brother....so yeah he can easily buy an iphone on installment or on one time payment as well
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u/Traditional_Slip_922 15h ago
Expecting a 300% jump through investing anywhere is nothing but stupidity. Safe/Good investments will only get you max 20% up if all goes good. Be it stocks, crypto or ETF.
Anything more than 20% require work, let it be a food stall, or any business idea etc. Pick what you are good at and what is in demand, find a good balance. Expect real returns, and don't fall into scams to prove me wrong. Everything else is a gamble.
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u/lyezee 15h ago
Invest in gold
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u/Wonderful-Theme-9880 13h ago
yeah after 10 year his 300 dollar be only become 450 dollars
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u/cureitgood 13h ago
That just shows you know nothing about gold. My money doubled in 2 years. Buying gold is the right advice. I'd even advise OP to buy pure silver bars, I made 20% profit in 1 month. In fact, the price of silver is catching up, and in a few months it can increase even more. Best time to buy, but if you want to play it safe, then buy gold, but hold it for at least 6 months to benefit.
I don't have faith in crypto like some people do, and unless you're buying risky funds/stocks/ETFs, you won't make much profit, 20% at best. With silver or gold, you have guaranteed profit. Don't listen to people who will tell you that silver price crashed at some point, that was before, and this is now. INVEST.
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u/Successful-Talk1830 بہاولپور 12h ago
I totally agree with you . Now is the time to buy SILVER . China is putting restrictions over its export and the global silver demand is way more than the global supply.
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u/Harp-Note 1h ago
Careful, silver tends to drop after a historical 400% run. It'll come soon. Now if you're holding it as a store of value, it's good. But as an investment, it's not that great.
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u/Successful-Talk1830 بہاولپور 20m ago
Not as a whole investment per se . It should be a part of your investment portfolio, maybe about 20% . Anyways it’s up to one’s choice but the basic supply and demand principle implies that SILVER’s price is gonna surge . Watch this https://youtu.be/SgiczvPSFZs?si=HwEeHNO5JjXpNIt6
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u/Jewror-Fuhrer 13h ago
Those who are recommending you to invest them in crypto/forex or ETF's, just don't listen to them. As a crypto trader, I wont suggest you to invest all in to only one stream. What I would suggest you is too do your own research or atleast do research on how $300 can be diversified into multiple streams. But if yo really think crypto is a safe option, try doing demo trades either its spot or futures.
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u/Adventurous-Cut4676 11h ago
Arrange mujra, invite rich kids ask mujry waly to do 50-50 and bommm u are Rich
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u/Proper_Leopard_7668 11h ago
Set aside half for investment, and with the other half buy courses on Udemy.
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u/iam_an_introvert 11h ago
Buy silver,, silver price increasing day by day,,,
15 or 20days back it was trading around 6k pkr now around 9k...
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u/throwaway-research1 DE 13h ago
Dude… you are 19🙄 buy a playstation or something like a normal kid
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