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Ten grand. What now? (alien.top)

submitted 10 months ago by Slatt_29@alien.top to c/entrepreneur@indiehackers.space

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I’m 18 years old and just starting college. My college is being paid for by my family so I don’t really have any major expenses and I’ve been working minimum wage for a while and have about ten grand saved up. If you were in my shoes, where would you start and how would you begin to use that money in order to make more?

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[–] RTizs@alien.top 1 points 10 months ago

I don't think anyone can answer this question, because there really isn't a universal answer. It really depends on a lot things - what is your risk tolerance, how involved you would like to be, maybe you have some special knowledge or connections...

But if you just want to put your money somewhere and forget about it, start buying small amounts of S&P500. Historically, it's been the most reliable investment and you don't really have to do anything else. Just give it time. In the mean time, spend some time getting some knowledge or improving yourself.

At this point, I think the best ROI for you would be focusing on your studies and networking. And if you have any spare time, get a gym membership and some books you're interested in.