Where Should I Invest My Money As A College Student Reddit

Investing advice for a 19 y/o college student

I just opened up a brokerage account with TDameritrade last week but i'm clueless on where to begin investing. I was thinking mutual funds just to get my feet wet but i'm not too sure where to go from there. • currently have a $1000 saved up • my normal college job pays roughly $400 monthly • no college debt • i'm willing to take big risks, financially, if necessary

What's the best place to begin investing and continue growing from there? I want to become rich

level 1

Lol,"I want to become rich." Index funds are what everyone will say. Go through this sub, has been asked a million times already.

level 1

Invest in yourself. It would be pointless to invest $1000, especially when you are in college.

level 2

Or save it for an emergency fund.. put it in an MMA or CD.

level 1

Come over to r/wallstreetbets. $1000 is next to nothing is terms hoping to become rich. You're young and unless you depend on this money you might as well take on risk to make something out of it. People will say index funds on here but I can almost guarantee you won't be satisfied with your returns. Besides when you get an actual job with actual money, then you can be more serious and invest in index funds like these guys.

level 1

What is it on campus that everyone wants and goes off campus for?

Sell that - on campus.

level 1

A lot of good advice has been given already but since you established your risk tolerance I would say look for a company that is just starting out with good fundamentals and hope it takes off in the near future. Another option would be distressed investing i.e companies in bankruptcy. Both are pretty risky but could have high reward.

Good luck.

level 1

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