What should a young person do with $20,000?

Re:What should a young person do with $20,000? by zachcb on Thursday February 09, 2017 @07:39PM (#13612386)

Put it in an index fund and leave it.

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Re:What should a young person do with $20,000? by wasbornyestrday on Thursday February 09, 2017 @08:18PM (#13612553)

How does one do this? Does it involve a broker? Is their cut irrespective of market performance? Do the anecdotes and unspoken secrets about "mom-and-pop investors" not apply?

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Re:What should a young person do with $20,000? by zachcb on Thursday February 09, 2017 @08:50PM (#13612678)

Just signup for a Fidelity account, go here (FUSVX):

https://fundresearch.fidelity.com/mutual-funds/summary/31591...

And put the money in there. It'll invest in the S&P 500. It's one of the easiest and best investments you can make.

I do not know about any of these anecdotes or unspoken secrets.

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Re:What should a young person do with $20,000? by savethefuture on Thursday February 09, 2017 @07:47PM (#13612424)

Just don't forget about it, make sure you keep track of it and follow it, it is fun to watch your money grow with compounding interest and dividends.

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