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I’d go bet it all on it red tbh.

Spend it on courses and whatever to help you get a job, you need a consistent source of income before you can experiment on side hustles and investing and allat

Just do it quickly, start today, if u have the urgency for making money its a good sign

Im also in a similar spot have some money after getting out of a remote video editing job that barely paid any

But because i still live with my parents im able to save a good chunk

Now im completing my IT certs so i can get a remote/online/freelance job in the cybersec/IT sector

Depends a lot actually. If you’re young and your parents cover your expenses, you’re able to take on more risk. This is the time you grow your wealth. Me personally I would invest in the stock market. Now don’t blindly do that, you need to properly study about it. Best part about it is, in the process of learning, you actually improve your financial literacy, not just for stocks, but across the board, which I think is crucial.

IRL what would I do?

If I know nothing and I want to invest 50k fast, I’d put it in an equity unit trust. This is what I did, but not 50k, I started with 5k.

You could also invest in a good stable dividend paying stock, so you can get capital appreciation in addition to dividend payments.

You could also go the safe route and maybe put it in a fixed deposit, but to me personally, that’s a bit slow and doesn’t make much sense when there are sources to make much superior returns, with of course higher risk.

Diversification is important, but if you try to overly diversify 50k, your monetary returns are going to be very low, there was a time I used to put sometimes 2k into a stock and it’ll go up 10% but my gain is just a couple hundred rupees. Rn, despite not having a LOT, I’ve diversified 55% in stocks (cuz the market is bullish), 10% in unit trusts and the remaining in an FD.

THIS IS NOT FINANCIAL ADVICE. Just laid out some options for you that I did.

Let it soak in water, the notes should grow

Flip phones. I had a good run during my school days flipping a few Sony Xperias. My streak ended when I lost sight of profits and bought a dog :)

Gold

Either educate yourself or invest in a country like Sri Lanka or Egypt.

I would personally say buy and sell niche stuff with a profit

Give it to Jerome and he will bless you with more 🤣

i recently visited Sri Lanka, 10L was spent in like 40 days thats 25000 per day. with that calculation i can survice for 2 days. in your case i guess enjoy the best life for the 50K u have and stop stressing

Damm i just spent 40k to remove my wisdom tooth. That's how I invested it .