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/biz/ - Business & Finance

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26144940 No.26144940 [Reply] [Original]

1000 LINK or 22k in index funds for a college student working in his gap year? 43 years till retirement, seems like putting the money in index funds is the safer move as that'll net ~400k by the time I retire. pls help good sirs.

>> No.26145105

sirs... please...

>> No.26145195

>>26144940
You'll be waiting a long time for those slow compounding interests. I'm in. A similar situation, and half 60% in crypto and rest in index funds. When I start working I'll start putting more into index funds. I'm betting big to gain starting capital on crypto, that way I can start getting significant passive income faster. I'm so young that I can afford to lose it all and start again.

>> No.26145228

>>26145195
*I have 60% in crypto and rest in index funds

>> No.26145233

>>26144940
token not needed

>> No.26145279

why would you want to buy LINK?

>> No.26145286

>>26145233
admittedly I've never seen someone debunk this
>>26145195
exactly my plan. figure what's 22k lost at 22 years old if I can continue making and saving money for the next 40 years

>> No.26145390

>>26145279
figured it has the best odds of making it: price is still relatively low, good tech, and has massive mcap potential. idk what other could could realistically do 50x in the next 5 years

>> No.26145692

(shameless) bump

>> No.26145895
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26145895

>>26144940
400k in 40 years will buy you a basic car.

>> No.26145923

LINK obviously, index funds when you have make it money for reinvesting

>> No.26146144

>>26145895
exactly this

your funds are hardly "growing" in an index fund, they're really just keeping pace with the real inflation rate.