Laid Back Cash

Laid Back Cash

By Brenden Boyle

Are you bored, at home, with nothing to do and want to make some extra money? Well I have the solution for you. Welcome to Laid Back Cash, where I will teach you how to make a lot of extra cash on the side, without getting a job or having any sort of big commitment. This is the second article of the series, where in the first one I taught you how to resell sneakers. If you have not checked that one out, you should.

 Another very popular, and safe way to make money are in stocks. Stocks, also known as “shares”, are very small investments in a company. An example of this would be Amazon. I personally invested some money into Amazon many years ago, and prices quintupled. Some call it lucky, however it takes a lot of skill to choose the right stocks. You have to take into account many different factors, such as risk, investment, and how long it takes to get your money back.

So, first thing is first. Like most things these days, you have to set up a bank account. This is so you can actually invest the money, as you are unable to do it in cash as of right now. Next, you have to find out what stock you would like to invest in. You can either think of a company that is making lots of money, or you can search what types of stocks are popular right now, and will make you some cash. Lets just take, for example, Tesla. If you would want to invest in Tesla, just look up “Tesla Stock” on Google. Here, you will see the price per stock (at the time of me writing this, it is $627.07). You will also see the chart of the stock throughout the past day, 5 days, 1 month, 6 months, year, etc. I usually take a look at the 6 month and 1 year graph to get the best possible estimation. For Tesla, it is very good. Their graph is skyrocketing, and continuing to do so. Tesla would be a very good investment as of right now (this is just an estimation, it may flop, there is never a way to exactly know). Obviously with Tesla, the stock price is a bit high, so you will need to have a decent amount of money to invest. There are lots of other companies that have lower stock prices, that can still make a lot of money.

Once you are sure you would like to invest, you can go to any stock trading or investing website. Although there are lots of options out there,  make sure you choose a trustworthy site to use. After you buy the stock, you can sit back and relax. You shouldn’t check every day to see how the stock is doing. This is because some days it WILL go down, but it doesn’t matter. The long run is what matters (6 months, 1 years, 5 years, whenever you want to sell your stock!). After you feel comfortable selling your stock, you can do so, and you will get your money. It is very simple, not time consuming, and safe.