ir0n_ma1den Hi everyone, I am 18 and will be a senior in highschool next year and my dad is giving me $10k to invest. Now I would probably be keeping this money into the investment for atleast 5 years probably more. Now I heard that right now an index fund (read: Vanguard) is the best way to go, but i really don't know. What would you invest in with $10k? I am 18 and will be a senior in highschool next year ####################################### Dear Sir In you age better way to ask your dad All kind of investment have different kind of risk And you would have risk to have pain Better to make this decision ,which would accepted from your family ,independent would that worst end or good Best wish ...
id invest it on fast living. booze, escorts, etc. you'll never forget it, have more fun, and lets face it, doing what you want to do with the returns from your investments anyway!
i'm 18, and just started college. i'd say take 3k and open a futures trading acct. then do what the other people are telling you to do with the rest.
Actually, I think this may yet be the best advice in this thread - the idea has occurred to me, too. Then again, if you're in the Ozarks your experience with this option will likely be nothing like it would be in NYC.
Everyone else in the real world is out to sell you something. No one is selling anything on a trading forum. A trading forum has no motive. The net is a flea market, some trash and some treasures.
you may be the freakiest dude on et at the moment. imo of course. when i thought i read a post that i feel cannot be topped; you simply come back and outdo yourself. keep them coming.
OP, Every kind of investment has risks, spend some of your money on books and charts to learn the basics, trade a demo account until you are certain of what to do. sg20
Read O'neils book "How to make money in stocks". Pay attention to the parts about cutting your losses.
look for penny stocks that are basing, wait for one of them to move 5+ cents on a spike (thats not a misprint). when it settles back in to the range, load up the boat like no other. wait (could be weeks+) until it spikes that second time and blow it out on the 2nd spike. Works like a charm.
I would recommend taking a small amount ($500) and investing in options. Do your research well and paper trade for a couple months first! High probability options opportunities come along every week: A very strong company with significant earnings growth and upside guidance that has an inexplicable selloff (recent examples: AMED, FWLT, FLR, TEX). Once such a stock forms a support level and pivots, you can pick up 1 or 2 contracts with your $500 and get a quick return often in less than a week. For example, 2 Sept $50 calls on FWLT cost $350 and a few days later are worth $520. Small investment, small risk, large reward.