this post was submitted on 30 May 2025
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Having that much money as a paypal balance and not at least in a bank account or invested is insane
Especially since PayPal has a history of locking people's accounts.
Back in the day, people used PayPal for e-commerce and if they didn't like you, say you sold "Fuck PayPal stickers", they would absolutely freeze your account with all the money in it.
Back when I was doing art for money (not adult or furry stuff, sorry) I had years of racing to the computer or in some cases, the ATM, to transfer new payments out of Paypal.
Because they make decisions on behalf of linked providers, like ebay. If you have ebay fees due, you don't get flexibility when you can pay it, Paypal just grabs it the next time it sees money come in. They do this with all kinds of fees and payments, if you have a delicate life like say... being a struggling artist, you are gonna get reamed by paypal and associated predatory companies. Not that there's a lot of choice.
Idk how much of that you’d wanna invest in stocks…soo risky and soo long to see any noticeable returns at all…
Keep th money you need short-term for your business. Put the rest in index funds. With 100k lying around like that, you lose a few thousand dollars per year to inflation.
What are index funds
An index is something like S&P 500 - a (weighted) collection of different stock. Instead of buying a single stock, you could replicate this index, by splitting your money across all of its stocks. That way your risk is somewhat reduced, as the failure of a single company will not wipe out your entire investment. But that would be a lot of effort, as you'd constantly have to buy and sell stocks to match the index. For that, there are index funds. These are just big funds with a lot of money, which they spread over many stocks to replicate an index. You, in turn, can then buy shares of that index fund. These are typically traded at an exchange as well, hence the name exchange traded fund (ETF). Investing in the right ETF allows you to invest into the economy as a whole, and reduces risk from individual stocks.
Thank u!
Invest in whole market ETFs instead of individual stocks. Much less risky. Still risky, but not stupid risky.
I micro-invest in companies I am familiar in working with at my job. Mostly bio-tech/healtcare/pharm. I have a 403B that is invested in index funds and bonds that is more serious savings. The Robinhood account is more like... a shoe closet. I buy the shoes I like and rarely sell them unless they, well give me a bad experience in real life (looking at your Reddit, Amazon, and Meta). After Trump was elected... I expanded my horizons to European ETFs and Chinese car companies.
Ok and how much money did u initially start with and how much money have u made since u started