Something inexpensive that i can just hold on to. Any suggestions would be appreciated
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I suggest you get one of those trading apps and use the training mode, which most of them have. I do not suggest you follow any of my advice; I am just this guy, you know?
Try to envision the world in 1-10 years and think about what will become bigger and what will disappear.
I have been doing this for a few years and have made moderate gains. Follow the news and reevaluate your investments.
I got out of oil as soon as I heard Ukraine and Russia were negotiating a deal. I was proven right to do so, as the value dropped ever since. (Managed to make ~45% gains with that, investing about 10k initially).
I have noticed many crops and derived products show a seasonal rise and fall. Figure out the phase of the motion and get in when low.
I have invested in some lithium companies, which to be honest turned out to be a mixed success. Some companies boomed, others did not. I think on the whole, with the whole "green" agenda, lithium, cobalt and similar things needed for electric mobility will gain. I do expect them to drop as soon as it becomes clear EVs are not good enough just yet. Battery technology may be a viable investment.
I thought tech companies were going to do well, as we are moving towards a depression. People will be without a job and will want entertainment. This will require tech and infrastructure. However, they have not done well at all. I guess people are already saturated with Netflix and others. Facebook / Meta; Glad I got out in time. It seems they are past their prime and I do not think with the current leadership they will recover.
A little trick I apply; I invested $1000 in a natural gas CFD and the value went down by 40%. Instead of getting out with the loss, I reevaluated: Was there a chance the price will go up short term? I looked t the chart and world politics and figured I should take the risk. I invested $2000 on top of the $1000. After a few weeks natural gas rose significantly, so I could get $3000 out, even having a little profit.
But all of this is definitely NOT advice. My only advice is: Get a trading app that allows you to run it in simulation mode. Do this for a few months and see if you have the right insights to risk your money.
If this is too tedious; Invest in physical stuff.