Hi I’m 18M and I’ve been putting $100 a week into stocks for just over 2 months now but I make about $600 on a good week and the rest of the $500 is going to bills and savings (more savings).
When I say bills I mean gym membership, car insurance, car maintenance, petrol, public transportation, food (alcohol sometimes 😏) so it’s nothing like rent and utilities where I’m gonna need savings just in case
I currently have 13k in my savings, how much of it should I put into stocks (I was specifically looking at ark automatous blah blah as it’s been going good and maybe other eft
If other suggestions feel free to add Other information maybe: I live in Australia, and use Revoult to invest
Should I put majority of my savings into stocks
byu/Round_Geologist_846 instocks
Posted by Round_Geologist_846
22 Comments
Voo
Yes but index fund. Qqq. Dca monthly. You can have an iq of 50 and still become a millionaire if you dca heavily each month into an etf. You an even add a small % into sso
Put only the money u are comfortable with in it, cuz it could go up or down, and so on, its a long term investment, for all we know there coild be some major crash that will require years to recover back to what u had, so just invest how much u would be willing to loose, probs should put some money in ur retirement account that type of stuff, but im talking from my own experiences, im no professional im just a guy that puts 50 bucks a month in his retirement account and 50 in random ass stocks that im praying will give me money back in the long term, so yeah, thats just how I feel about this topic.
Tqqq if your not pussy like everyone here
This is r/stocks. The only answer you’ll get here is yes.
As to what you should invest in, everyone here will tell you that markets are forward-looking (because that’s true), then tell you to put all your money in SPY because it’s always gone up when you look backwards. Since they all do the same thing, they all upvote each other. Don’t confuse that with statements being objectively true. People warning against inflation back in early 2021 were getting downvoted here.
You should use this sub to ask questions about specific companies, not how to manage your money, like this freight company seems to be growing like crazy, and some will remind you that it’s a seasonal business…
Always, always have a large enough fund in cash/money market fund/HYSA to live off of if disaster strikes (macro economic or personal).
Then the rest is up to you. At 18 ya I’d do like the others are saying and go entirely into something like VOO since you have such a long timeline you can skew a bit more tech heavy versus picking something “safer” like VT or bonds.
Then just add some from paycheck each time and when you’re in your 30’s or 40’s you’ll (likely) be sitting pretty.
Yall are wild telling an 18 year old to put his money in normal index funds
So cute. 18 and already gambling on the stock market. How about studying, learning and actually attempting to build a viable career?
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Basic advice is to keep a 6-12mo (depends on your risk tolerance) emergency fund liquid. Plus anything you need for planned large purchases like a vacation or down payment. Invest everything else.
Keep buying as much stock as you can afford. By the time your 45, you will likely be able to retire. When your 20, start going to investment seminars.
Standard is 3-6 months of living expenses in emergency fund held in cash or money market. Everything beyond that should be in stocks.
Depends upon your risk tolerance.
Any money you need in the next 1-2 years should stay in savings at a high yield or a money market account. Everything else should be 100% stocks at your age. Just buy an ETF like VOO or VTI
Stay far away from Cathie Wood and her ARK funds.
You should put some in a high yield savings account, some in a crypto account, some in a taxable brokerage, some in a retirement account. Keep building all those for the next 10 years and do nothing else but that. Then you win forever.
Stocks, gold and BTC.
For someone who’s 20. I put about 15% of my paycheck into my Robinhood account. And I buy voo, smh, and schg. U can pick ur snp etf that u prefer. But ur playing long game. If ur living with ur parents like me and dont have much for expenses then put ur money somewhere where its gonna grow. Having a savings account for a few thousand isn’t bad but for being young u want ur money to grow be aggressive but smart
Should kick start your Roth IRA
Mate, at 18, Have a 6 month emergency fund, DCA what you can spare and have a great time with the rest.. .
What’s your short term plan? School, own place, ect?
Either way you want 8-12 months in savings at least then start investing more heavily for now 100-200 works. I’d recommend doing mutual funds nothing crazy or super risky it’s all fun and games to yolo it but you’ll loose money.
Yup. Just do your due diligence and make sure to keep a cash emergency fund. Once emergency fund is where you want it throw as much as you can into stocks every month.