If you have $20k then where you want use it?

[amonymous]

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

[boyptc]

The two options will do for me, crypto, and real-life business but I'll still keep some for savings. These three things that I'll do if somebody will give to me $20k.

But the business, I'll start it whenever the pandemic is gone. It's not advisable for me to create a new business this time as we're having limited movement and there's a fear that surrounds the potential market that I'm planning to get in.

[Poker Player]

The answer depends on your personal situation. Do you have debts? If so, you should use that money to pay off your debts. Do you have an emergency fund? If the answer is no, you should put at least some of that money into the fund.

Only then should you see what you do with the remaining money.

In my case, I would probably split it. I would invest some in bitcoin and some in the stock market, which you haven't mentioned.

[Mttewndew]

In the current situation, I would spend half of this money on developing my business, and the other half on solving everyday issues.

[Minus7point5]

It would go to my sisters sick mother because they cant afford medical treatment at the moment. 

[Ucy]

I'd probably split the money into 20 to 40 parts ($1000= 20parts or $500=40 parts) and invest maybe 5—10 parts into some selected businesses with high chance to succeed... then do the businesses for sometimes to see which one/ones are better/profitable. I think the better ones will get additional funding.

I prefer this way in order to minimize risk while trying different businesses to see which ones to eventually stick to.

[Artemis3]

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

You need to learn about how modern Banks work, specifically fractional bank reserve. There are lots of videos and documents about it online.

Therefore quite the opposite, if you move it into bitcoin, it will never be moved of stolen, provided you make a cold wallet (aka paper with 12 hand written words) and protect it properly. The bank might collapse tomorrow, without warning (there is rarely any warning, because once it appears its a rush to withdraw before they close).

So no, no "Crypto" investment, no Bank investment, and "Real life" investment can be both risky and slow. Of course diversify is always wise.

Move your savings into bitcoin before your bank or your fiat collapse, both have happened and may happen before you can do anything to react. No one can kill bitcoin, but it takes one politician to destroy your wealth or little gossip to destroy your bank(s).

Banks usually don't go bankrupt because they get aid from institutions that act like banks for banks, usually called "Central Bank" or "Federal Reserve". This makes in theory the banking system as strong as the whole country, but, it is not infinite. If only 10% suddenly decided to withdraw, the whole system breaks apart. This is why they rush to aid the banks while leaving the people on their own every-time a bubble bursts. The only cure for bubbles is Austrian economy, and Austrians don't want fractional reserve bank, or fiat money.

Again: bitcoin preserves wealth, banks do not.

[OgNasty]

The first thing you'll want to do if you have $20K is to have appropriate expectations.

For example, an investment in the S&P 500 (SPY), which is widely considered the most popular investment, currently yields 1.85%.

That means if you invest your $20,000 then you will receive about $30 per month in dividends.

Many investors on this board have unrealistic expectations for returns and this leads them to being disappointed and chasing scams with ridiculous claims of return rates.  That is why I say the first thing you need to do is have appropriate expectations.  If a $30 per month return on $20,000 seems low to you, then perhaps investing isn't for you and you should instead look at gambling. 

[canovan25]

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

It should be understood that the business is not stable and may close due to another "Black Swan". The crypt currency is shit.If we're talking about saving money, I'd split that money into 3 parts - dollars, euros and Swiss francs. In Ukraine, where I live, banks for a long period of time offer income in the currency of 3-5% per annum after tax deduction (If we are talking about large international banking holdings, the reliability of which no one doubts). Or there is a possibility of investment insurance, as an option. It is also possible to consider the debts of the state in national currency.

[Mor254]

I might buy some digital currencies and store and sell them when the prices go up, or I buy a luxury car for this amount, and there are a lot of real schemes that I can implement.

[articlecity]

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

I would have diversified but if i thought it was not enough for real business then i would have gone for small cap quality coins.

[lienfaye]

If I have $20k right now I will use the 30% to invest on crypto. Its risky but we know that crypto investment is profitable though it will take time before you can see the outcome of your investment and it depends on the coins you choose to hold.

Another 30% for business. I will build a business and use the portion of the money as capital. During this time businesses are slowly closing down because of the virus. So I will think of something useful that despite of lockdown people will support/buy it.

The remaining 40% will go to bank and serve as our savings. We dont know whats ahead and how long this virus will stay so having a money that you can use anytime specially for emergencies are really a must nowadays.

[Naida_BR]

I would spare it between crypto investment and a real life business.
This would help me to diversify my investments and minimize risk while I would separate my income streams.
This would be viable in order to spend my life time good along those two investments.

[Mauser]

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

Bank investments don't seems very good at the moment. You get almost no interest on your cash, after fees and inflation you are losing money. Buying stocks doesn't seems so good either. Prices are very high but the economicy is trailing due to corons. I would go for your other options.

I don't know much about starting a real life business so I can't give an opinion here. But is $20k really enough to start a business? I guess it depends on the country you are living in, I would assume you need more money. Especially if things don't go as planned and you need to cover expenses for a few months.

Crypto investments would probably be my plan. Bitcoins price is fairly high so I would only put a fraction of the money in Bitcoins  and ETH. The rest I would use for altcoins.

[Marfolone]

Most likely, I will just put them on Deposit in the Bank, and that's all, if there is a profitable opportunity to buy a house, car, or similar things - I will take advantage of this, but mostly I will continue to save money.

[jrrsparkles]

Most likely, I will just put them on Deposit in the Bank, and that's all, if there is a profitable opportunity to buy a house, car, or similar things - I will take advantage of this, but mostly I will continue to save money.

Do you ever wonder what can you make from deposit your money into a bank accounts?

Banks maybe giving 5% returns per year but the inflation might eat 4% of it or even more due to economy depression so you are going to make nothing so learn what is investing and what is saving if you have money.

[Renampun]

$ 20k is a huge sum, so I would have used the money very wisely if I had it...
I will save 50% for my children's future education savings, 35% to buy land in my hometown and the remaining 15% I will invest in gold and Bitcoin. for now, I don't think about the house because my husband and I already have a house that was given by my in-laws, so I no longer think about buying a house.

[SoulMortal]

I would definitely invest in stocks and cryptocurrencies and the rest I would use it for my personal expenses.

[boyptc]

I would definitely invest in stocks and cryptocurrencies and the rest I would use it for my personal expenses.

Can you cite some of those personal expenses?

Most likely, I will just put them on Deposit in the Bank, and that's all, if there is a profitable opportunity to buy a house, car, or similar things - I will take advantage of this, but mostly I will continue to save money.

Your money will just become smaller due to inflation if you will stock it in the banks.

[peter0425]

In fact, it is an idea that will be discussed by many. what do you think about it and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

I will buy Bitcoin and ethereum equally for that $20,000 i know it is risky bt the way i look at market now?i know there are very good future specially this year and the coming one.

I would definitely invest in stocks and cryptocurrencies and the rest I would use it for my personal expenses.

If you have skills in Stock then yeah you can venture both stocks and crypto.