How should I invest $10k?

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 ...
 
Quote from 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?
More...

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.
 
Quote from FredBloggs:

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!
More...

Actually, I think this may yet be the best advice in this thread - the idea has occurred to me, too. :cool:

Then again, if you're in the Ozarks your experience with this option will likely be nothing like it would be in NYC.
 
Quote from kefsurfer:

I don't know why I am about to get involved in this but you don't ask the family doctor to perform surgery and you shouldn't ask for investment advice on a trading forum.

I'm not saying I don't agree with some of what has been posted on this thread but this is not the best place for financial consulting.
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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.
 
Quote from riskfreetrading:

Dad gave you the money so that you can learn. Here is a lesson that Dad most likely does not know himself, as otherwise he would have just shown it to you.

There is a way to invest in the stock market where you guaranteed not to lose even a penny, and yet your upside is not capped. You still have to work to gain the upside, but your down side does not exist.

Now I am not going to tell you how to do it in this thread, as it is valuable information

But telling you of its existence is already a big valuable information.

Once you speak to Dad about this, he may say it is a scam, or he may be a sharp guy and go the work to get the nugget.

Do not read this, and say it does not exist. If you do, you are wrong, because if what I write is not correct, I ready to bet any amount of money you can bet on the existence of it.
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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
 
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.

Quote from 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?
More...
 
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.
 
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