Revin Kevin

The old family home is to be sold and it looks like I'll get about £30k of the proceeds. With no immediate use for the money (due to covid!) and bank interest rates being virtually zilch I would like to put it to work. I have set up an app called Freetrade and are ready to go, I am looking for growth rather than income and probably would leave the money invested for at least a year but there's just so much choice in terms of stocks and funds I honestly don't know where to start. Just wondering if there are any experienced investors out there in expats land who have any recommendations.

BristolUK

Gozit Enterprises.

Danny B

You could buy 0.74 of one Bitcoin. I wish I had bought more in 2016.

I should point out that the 2 coins I sold in 2016 for $800 would now be worth $140,000 if I'd grown a set of balls and held on to them.

Revin Kevin

Ouch, I feel your pain, I first looked at bitcoin when they were about $400 and people were predicting $1000 and thought to myself it's just a passing fad! I heard someone say last year that bit coin could go to $1m which seemed crazy at the time but after the recent highs it would seem that $100k at least is not out of the question.

Partially discharged

Just send it to me and I promise I will invest it wisely. Send me your bank details in a private message and I'll take care of the rest. Just don't try and get hold of me too quickly or often.

bats

Are you by any chance a Nigerian Prince?

Piff Poff

Buy a classic car or bike. Or both.

JamesM

Vegas

TRC

Just to piggyback off this thread, any recommended podcasts, apps or resources for people wanting to learn more about investing in Canada?

Shard

Daaaaaam !

I've been a bitcoin sceptic from the start, but wish I had been a bit more of a risk taker. How much did you pay for the two coins you bought.

Danny B

I bought 2 coins at USD $232 each in Feb 2015 and held on to them until Dec 2016. I sold them for $450 each.

Could have been worse, but no where near as bad as this poor bloke.

https://www.cnn.com/2021/01/15/uk/bi...ntl/index.html

Shard

I've heard about that guy, but hadn't read the details. Interesting. Talk about kicking yourself. The council is being unreasonable, it's likely that with some archeologists they could find the drive and the payout would be immense.

When you bought yours how does it work ... did you just buy them online with a credit/debit card?

scrubbedexpat091

I guess my mindset is the way it is as I never had the money I could risk on investments, but looking back if I had a time machine, I have a few spots in life where I could have made a small fortune, but of course at the time the risk was high and not looking like it would have paid off. One such was when the airline I was working for stock went to like $2 a share, then a few years later with mergers those shares were bought for $45-$50 a share, had I taken all the money I had at the time and just bought said stock sat on it, I would have made enough to buy a house in San Diego at that time and still have some money left over.... Oh well it is what it is, I couldn't have afforded to lose that money, hence why I didn't invest it as the risk at the time was greater at losing than winning.

Shard

What was the minimum you could have invested (assuming it was an employer distribution) ?

scrubbedexpat091

I think it was $200 minimum. Keep in mind at the time $200 took me about 30 hours to earn gross and in an entire week I didn't even gross $300 unless I picked up over-time which wasn't available after 9/11, it was a time where you didn't know if you would have a job day to day or if the company would even be there the next day.