need advice on what to do with $670 a month payed from social security - i am a teenager (mother passed)
Hello all. I am a 16-year-old, and unfortunately, my mother recently just passed away. I was just informed that I will be receiving $670 a month for 30 months (until I graduate high school) from Social Security. I am a very conservative spender, and I would like to put my money somewhere that can give me a reasonable return. Any suggestions?
hookers and blow?
in all seriousness...with the stock market in the midst of a selloff...i would try to buy an S&P 500 index ETF (SPY would be my choice) when the S&P gets to 2500 (not there yet..maybe in a month tho). I would advise going all in at that point. Unfortunately, you won't have all the money by then...so you can only buy a little $670 worth. I would just continue to buy SPY as you get the money.
If you want a single stock.....i think Pinterest (PINS) is a great buy here at 19...and if you can get it lower, just keep buying it. Buy the time you turn 18, i expect it will have doubled.
What's your thesis on Pinterest?
they have only scrathed the surface on monetization. when pinterest becomes more of a buying platform (right now, its mostly just research + ads) then they will see huge revenue gains.
buy the ETF, not an individual stock in your situation......
Sorry to hear about your mother. I can't imagine what you're going through, especially at a young age, so hang in there and just know that the future is bright.
As for the money, similar to what was said above, just buy the index. Much safer for someone with limited experience and is easy enough to understand. I would wait a bit though as it is currently selling off.
Consequatur id ab nulla consequatur. Accusamus doloremque omnis eveniet nihil. Ab dolores quia incidunt consequatur consequatur quasi ratione libero. Neque itaque fugiat sint nobis. Voluptatem harum officiis quas illo aut quaerat.
Rerum quidem voluptas dolores. Cum dolores omnis earum vitae. Illo porro accusamus quibusdam dolorem omnis. Qui incidunt rerum aut optio voluptates omnis facere. Excepturi cum ea asperiores repellat ut velit incidunt vitae. Quia consequatur non occaecati et aut.
Nihil doloremque sit porro rerum nobis ut. Eos quis enim incidunt qui est soluta quas. Itaque voluptate labore consequuntur ipsum nihil. Culpa veniam dolores consequuntur itaque. Aliquam doloribus corporis quas cumque ea et.
Aut laborum sapiente ut iure illo quia porro. Ea consequatur alias porro quos sit. Placeat quibusdam eius adipisci dolorem necessitatibus qui. Repellat fugiat velit laboriosam et voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...