Lifefuel / Motivation Getting a LARGE amount of money when I'm 18, investment tips?

[HerculesJr.]

To cut to the chase. Essentially my country gives me $70,000 when I turn 18 and "come of age". It's something to do with the ethnic group I'm technically a part of still being owed money by the British Crown.
I won't get too much into specifics because I doubt its that interesting compared to what I'm trying to ask.


I'm planning to spend some of it on a car, and invest the rest. But at the same time, I'll still be an 18 year old with almost 100,000 dollars! So I'm a bit worried on WHAT I'll end up using it for. Hopefully not blowing it on something stupid.

And my main goal with this post is to ask what industries/startups/whatevers would be good to invest in right now as well as, say, about a year from now?
I'm trying to use this opportunity to grow me and my family's wealth. Yk?

 

[HerculesJr.]

Bump

 

[Marlonmogsyouhaha]

I'm not smart but wouldn't you put the majority of it in a savings account? You should have one already anyway. Don't try to live off of this money, get a job just as you would anyways. Maybe just leave a 1k to play around with? Clothes, hobbies, looksmaxxing, whatever.

If you wanna invest then do your own research, looksmaxxing forums full of teens probably won't be of much service

 

[HerculesJr.]

I'm not smart but wouldn't you put the majority of it in a savings account? You should have one already anyway. Don't try to live off of this money, get a job just as you would anyways. Maybe just leave a 1k to play around with? Clothes, hobbies, looksmaxxing, whatever.

If you wanna invest then do your own research, looksmaxxing forums full of teens probably won't be of much service

In retrospect this will probably be the best take. Either saving the cash or putting it in other places. Dividing it up.

When I saw lifemaxxing I thought it would be worth a try asking anyway.
Cheers

 

[emeraldpilled]

Just buy an etf tbh

 

[HerculesJr.]

Just buy an etf

Etf?

 

[xalapa]

To cut to the chase. Essentially my country gives me $70,000 when I turn 18 and "come of age". It's something to do with the ethnic group I'm technically a part of still being owed money by the British Crown.
I won't get too much into specifics because I doubt its that interesting compared to what I'm trying to ask.


I'm planning to spend some of it on a car, and invest the rest. But at the same time, I'll still be an 18 year old with almost 100,000 dollars! So I'm a bit worried on WHAT I'll end up using it for. Hopefully not blowing it on something stupid.

And my main goal with this post is to ask what industries/startups/whatevers would be good to invest in right now as well as, say, about a year from now?
I'm trying to use this opportunity to grow me and my family's wealth. Yk?

send me the 70k ill flip it for you and give it back trust me please

 

[HerculesJr.]

send me the 70k ill flip it for you and give it back trust me please

You didn't invite me to the bat mitzvah. It's over for you bro.

 

[emeraldpilled]

Etf?

Exchange traded fund, it’s basically an investment fund managed by a large asset manager like blackrock that’s traded on a stock exchange like LSE or NYSE so anyone can buy a part of it

There’s loads of different types passive and active and different sectors etc, and most of them have super low fees because such a huge volume of people buy them especially the funds managed by larger AMCs

You don’t seem to be that experienced in it if you’re asking this so you don’t want to try anything ‘active’ out (not with a large proportion of your capital anyway) that you haven’t had a good amount of research and experience in. You just want something you can put money into and get a half decent return at least for now

Of course do your own research but look at anything tracking sp500, FTSE 100, Nasdaq, all world, etc for pretty safe options. Since you’re 18 you don’t need to take out dividends to support yourself so go for accumulating (Acc) rather than distributing (Dist) so that you can benefit more from compound interest long term

 

[HerculesJr.]

Exchange traded fund, it’s basically an investment fund managed by a large asset manager like blackrock that’s traded on a stock exchange like LSE or NYSE so anyone can buy a part of it

There’s loads of different types passive and active and different sectors etc, and most of them have super low fees because such a huge volume of people buy them especially the funds managed by larger AMCs

You don’t seem to be that experienced in it if you’re asking this so you don’t want to try anything ‘active’ out (not with a large proportion of your capital anyway) that you haven’t had a good amount of research and experience in. You just want something you can put money into and get a half decent return at least for now

Of course do your own research but look at anything tracking sp500, FTSE 100, Nasdaq, all world, etc for pretty safe options. Since you’re 18 you don’t need to take out dividends to support yourself so go for accumulating (Acc) rather than distributing (Dist) so that you can benefit more from compound interest long term

I knew there was some merit to putting this question on lifemaxxing. Thank you very much, I'll take this comment and put it in my notes.

 

[emeraldpilled]

I knew there was some merit to putting this question on lifemaxxing. Thank you very much, I'll take this comment and put it in my notes.

It’s late here but happy to answer any questions you have tomorrow

 

[HerculesJr.]

It’s late here but happy to answer any questions you have tomorrow

Alright. Later I'll probably ask what corporations in specific might be good to invest money in (My father made a good amount off of Nvidia back in the summer), but at that point I feel like I'd likely be crossing past the point where anyone on this board could help me.

 

[emeraldpilled]

Alright. Later I'll probably ask what corporations in specific might be good to invest money in (My father made a good amount off of Nvidia back in the summer), but at that point I feel like I'd likely be crossing past the point where anyone on this board could help me.

No worries. I’d avoid idiosyncratic risk where suitable, at least in the current environment if you’re going for long term savings. That being said it’s fun to take a gamble sometimes and you’re 18 so you’ve got lots of time to recover smaller losses. About 30% of my portfolio is in individual stocks and 10% in futures/cfds

Rest is in commodity, stock and Small amount of btc etfs

 

[retarded]

what etjnic group

 

[HerculesJr.]

what etjnic group

id say but you would all prob be rlly mean to me and so I don't wanna

 

[Polgrevtskapos]

To cut to the chase. Essentially my country gives me $70,000 when I turn 18 and "come of age". It's something to do with the ethnic group I'm technically a part of still being owed money by the British Crown.
I won't get too much into specifics because I doubt its that interesting compared to what I'm trying to ask.


I'm planning to spend some of it on a car, and invest the rest. But at the same time, I'll still be an 18 year old with almost 100,000 dollars! So I'm a bit worried on WHAT I'll end up using it for. Hopefully not blowing it on something stupid.

And my main goal with this post is to ask what industries/startups/whatevers would be good to invest in right now as well as, say, about a year from now?
I'm trying to use this opportunity to grow me and my family's wealth. Yk?

i think your young enough where you can afford to ride out the lows of the s&p500

 

[retarded]

id say but you would all prob be rlly mean to me and so I don't wanna

yeah why didnt i realize u were a jew from the getgo

 

[HerculesJr.]

yeah why didnt i realize u were a jew from the getgo

🫩

 

[HerculesJr.]

i think your young enough where you can afford to ride out the lows of the s&p500

Why the s&p500 in specific? Have you success with it?

 

[Rm24]

Where do you live i wanna come right now