19-Year-Old Server-Turned-Reseller With $70K In Savings Asks For Stock Investing Advice On Reddit – 'I Feel Stuck'

Benzinga12-21 23:00

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Many young adults are beginning to explore the world of investing and seeking advice online on ...

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A 19-year-old college student has also turned to Reddit for direction on building financial security.The 19-year-old business major has amassed $70K in a checking account by working as a server during the summer and managing a reselling business during the year.With so many options available, the server-turned-reseller mentioned he feels stuck as his parents cannot advise him since they aren’t familiar with stock investments.“I feel completely stuck in taking the first step in investing and would love some insight and advice,” the 19-year-old said.Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offerin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","OEF":"标普100指数ETF-iShares","BK4588":"碎股","BK4550":"红杉资本持仓","SPY":"标普500ETF","SDS":"两倍做空标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","BK4581":"高盛持仓","BK4504":"桥水持仓","IVV":"标普500指数ETF","SH":"标普500反向ETF","RDDT":"Reddit","VOO":"Vanguard标普500ETF","UPRO":"三倍做多标普500ETF","BK4534":"瑞士信贷持仓"},"translate_title":"19岁的服务器转经销商拥有7万美元的积蓄，在Reddit上寻求股票投资建议——“我感觉卡住了”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDDT":1,"VOO":0.9,"SPY":0.9,"OEF":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,".SPX":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.\nMany young adults are beginning to explore the world of investing and seeking advice online on various forums. A 19-year-old college student has also turned to Reddit for direction on building financial security.\nThe 19-year-old business major has amassed $70K in a checking account by working as a server during the summer and managing a reselling business during the year.\nWith so many options available, the server-turned-reseller mentioned he feels stuck as his parents cannot advise him since they aren’t familiar with stock investments.\nDon't Miss:\n\nMaker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.\nWarren Buffett once said, \"If you don't find a way to make money while you sleep, you will work until you die.\" These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.\n\n“I just turned 19 years old and have very little financial knowledge. I’ve had a credit card for a year now, stayed up-to-date with the payments and have a credit score in the 700s. I’m a business major and a sophomore in college. My parents sadly don’t invest and don’t have much advice to give,” he said.\nWhile he has researched, the many options available confuse him.\n“I feel completely stuck in taking the first step in investing and would love some insight and advice,” the 19-year-old said.\nSeveral Redditors have jumped into the comment section of the r/FinancialPlanning community thread, where the confused young man sought guidance and advised him on what they considered the best.\nSee Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.\nLet’s see what the Redditors have recommended to the young investor.\nRedditors’ Top 3 Suggestions For First-Time Investing\nVOO’s S&P 500\nSeveral Redditors have advised the 19-year-old college student that investing in VOO’s S&P 500 is the best long-term strategy.\n“At the end of the day, the best long-term strategy is a low-cost S&P 500 index fund,” a comment reads.\nAnother Redditor was on the same page, recommending the poster read up on Vanguard’s VOO because it is the lowest-cost S&P 500.\n“I want you to read up on Vanguard's VOO, which is the lowest-cost S&P 500 Exchange Traded Fund. Learn the difference between an ETF and a mutual fund and why an ETF is better (lower fees and no capital gains distributions),” the Redditor said.\nAnother member of the r/FinancialPlanning community mentioned that he keeps all his money in VOO.\n“I have the majority of my money in VOO,” he wrote.\nTrending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!\nQQQ’s ETFs\nQQQ’s ETFs were mentioned quite a bit in the comment section of the r/FinancialPlanning community thread and one Redditor, in particular, says the young investor should put his money in QQQ since he has time to ride out market volatility.\n“Just go QQQ, SPYG or some type of high-growth/high-risk fund. You have time on your side,” the Redditor said.\nA second community member advised the college student to split his funds between VOO’s S&P 500 and QQQ as part of a more expansive investment plan.\n“If you are starting with $14,000, keep it simple, buy VOO at regular intervals, not all at once. Start with $2,000, then $1,000 per week until you hit $8,000. Then split $1,000 into Invesco's QQQ Nasdaq 100 ETF and $1,000 into VOO each week until the full $14,000 is invested. Then sit tight and let it ride,” the Redditor wrote.\nTrending: Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. \nMax Out Roth IRA\nMost members who commented on the 19-year-old’s post agreed that maxing out the Roth IRA is a very good move and several suggested he do the same in the following year.\n“Roth IRA with $7,000 max contribution for 2024 now and another $7,000 for 2025 in January,” a comment reads.\nA second Redditor advised the young investor to max out their Roth IRA every year, while another said there’s a reason everyone recommends it.\n“There's a reason the advice to max out the Roth IRA is the most popular answer you see. It's really good advice. Max out your contribution for 2024 now, then do it again in January. Rinse and repeat. Put it in something like a reputable growth fund and leave it alone,” he said.\nYou Can Profit From Real Estate Without Being A Landlord\nReal estate is a great way to diversify your portfolio and earn high returns, but it can also be a big hassle. Luckily, there are other ways to tap into the power of real estate without owning property. Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. \nLooking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.\nThis article 19-Year-Old Server-Turned-Reseller With $70K In Savings Asks For Stock Investing Advice On Reddit – 'I Feel Stuck' originally appeared on Benzinga.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493560472"}