The Cash Diaries

My experiments in passive income, trading and life

7 Weird ways you could invest $1000

Getting bored of the stock market?  Sick of getting no interest from your savings?  Looking to blow $1000 on something wild?  Well here are 7 alternative investments that you can get started with for just $1000.  Now I’m not saying any of these are “good” investments – sometimes it’s just fun to experiment.

Wine

In recent years the price of wine hasn’t really had much direction.  But it wasn’t too long ago that wine prices were shooting through the roof.  Mainly driven by American and Chinese investors – who let’s be honest, don’t have the best reputation when it comes to knowing about wine.  So crazy money was being spent on wine, and people were getting rich (mainly the auction houses) investing in wine.

So can you too invest in Wine?  Sure, if you have a bottle from a respectable vineyard, from a good vintage, the price should increase as it becomes rarer overtime.  Storing wine is the hard part, so if you’re serious about investing you would put your collection in a specialist wine storage facility.  Just remember to avoid temptation and don’t drink your profits.

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Who to copy on etoro: HedgeHappy

I’ve written a lot about copy trading on this blog and how it can be a profitable trading strategy.    The hardest part has always been finding who to copy on etoro.  So I’m putting together a series of posts highlighting some of the different traders on etoro, that could potentially make up part of your portfolio.

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Use Forex Factory to make more money trading

I wanted to introduce you to Forex Factory a tool I use on a daily basis to stay informed and improve my trading.

Although I spend most of my time copy trading, I still open the odd manual trade.   I believe the key to successful forex trading is education and Forex Factory is one free tool I like to use.

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Guide to Copy Trading in 2017

Regular readers will know that I’m a big proponent of copy trading.  It’s something I’ve been doing for the past few years and had quite a bit of success with.  I wanted to put together a post to round up what the current state of Copy Trading is.

Over the past year I’ve seen new platforms launch, new innovations and some brokers shut down.  So here is a state of play for copy trading in 2017.

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The top forex platforms for Beginners

It can be pretty confusing trying to find the right broker if you’re just starting out.  I’ve put together my top recommendations based on the following criteria:

  • Practice Accounts – one of the best ways to learn how to trade forex is by using practice or demo accounts.  It’s essential that beginners start with these accounts before using real money
  • Minimum Deposit  – there’s no point in recommending a broker which requires a $5k deposit.  These are obviously targeted towards more experienced investors.  So I’ve only chosen brokers with beginner friendly minimum deposits.  Although investing with a too small amount is silly, I don’t want to see newer traders blow $5k.
  • Interface – I don’t recommend most platforms for beginners because they have horrible designs and hard to use interfaces.  These can make trading confusing and potentially lead to mistakes.
  • Resources and Educational Tools – A good broker will provide quality educational resources to help traders learn.

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Making money with Bitbond

Bitbond is an interesting new way to invest your bitcoin.  Bitbond is a P2P lending marketplace – meaning you lend money directly to the borrowers and in this case it’s all done through Bitcoin.  Unlike other p2p platforms, Bitbond focuses on small business loans.

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How to Copy Warren Buffet’s investments

Warren Buffet is one of the most successful investors in the world.  So it’s not surprising that many people want to emulate his trading style.

I’ve put together three ways that I believe you can copy Warren Buffet, from investing directly in him to trying to trade in the same manner using value investing.

Read on to find out how you to can copy Warren Buffet:

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How to increase your forex income with Social Trading

Have you had success trading forex?  Are you looking for ways to grow your income? Then this post is for you.  I wanted to share some strategies you can use to increase your forex or stock trading income, without having to increase the level of risk you trade at.

Social trading offers a path for increased revenue with very little change to how you’re currently trading.  With social trading not only will you profit from your own trades, but you’ll earn additional revenue with people copy your trades through a platform like etoro.

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Can you make money from Forex Robots?

You’ve probably seen the popup ads which promise you can make guaranteed profits using a fool proof automated forex robot.  If it sounds to good to be true, it usually is.  So can you really make money from forex robots?

Robots offer the promise of sit back and relax trading while the “smart” robot calls all the shots.   The software is programmed to open and close trades when certain market conditions are met.

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Get free etoro credits with trading clubs

eToro recently changed how first time deposit bonuses work on their platform.  Instead of a bonus you are given access to a trading club which gives you a free credits to invest on etoro depending on how much you choose to initially deposit.

An Introduction to eToro’s Trading Clubs

The trading clubs are really just a rebranding of the bonus system.  From a trading perspective, if you’re a  new trader on etoro, you can still get free credits to trade when you make your first deposit.  So even though there is a new name, you’ll still be able to trade you free credits 🙂

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