Should I invest in Bitcoin, forex, or precious metals?

I really empathize with young investors entering the world of investing for the first time. When you dip your toe into this space, it seems as crazy as walking the Vegas strip. Guys on the floor of the stock exchange screaming and frantically waving tickets. Gold, Tesla, pyramid schemes, beyond meat, bitcoin, day trading, options, leverage, futures, pork bellies, whatever the fuck forex is. It’s perfectly reasonable for someone new to this whole world to pick one of those things seemingly at random, and try to figure it out to begin their investing career.‎

But here’s the problem. The financial services industry is massive, and nearly all of it is designed around enriching the industry, not you. All that nonsense above will not help you build wealth. It’s designed to trick you into putting your money on the line, with very little money likely to come back to you.‎

From my perspective of the world, there’s exactly two things I would personally invest in. Buying and holding index funds and investment real estate. That’s it. If you’re new to the investing world, I suggest you start with index funds. They’re easy, simple, and optimal investing. They’re designed to keep the financial services industry’s hands off your money. It’s a way to mainline the profits and growth from the world economies directly back to your bank account. The simpler you make it, the more wealth you will build. Check my “how to invest” story highlight that points to more posts to get started. My website also has a list of great books, podcasts, shows, etc.‎

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Jeremy‎

via Instagram

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Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!