Quote from: Bitornio on June 08, 2014, 03:56:03 AM

Quote from: odolvlobo on June 04, 2014, 08:10:17 PM

Quote from: umair127 on June 04, 2014, 07:32:54 PM

I have some savings -about 50k usd- and so far I've been thinking about mutual funds and Forex and Bitcoin
Any advice/recommendations/ideas? Does anyone here do investments?

My advice is to refrain from asking random anonymous people for advice on how to invest your money.

Your situation is unique and nobody can give you good advice without knowing your situation.

Here is some generic advice:
1. Only invest in things you understand.
2. Start investing with simple low risk investments (e.g. savings account and CDs), then as your wealth grows add more complex and risky investments.
3. Avoid forex and day-trading. You will lose money.

Pretty much this. People ask me if they should invest in Bitcoin all the time. I tell them to research the technology, try and understand the implications, and draw your own conclusions from there. For me, it's an easy yes.

You want people to actually learn about something before they dump their money into it? You must be one of those personal responsibility fascists. Grin