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I am nineteen years old, have a job that I enjoy and make what I think anyways is pretty good money. I work full time, I'm making this post because after my direct deposit went it at midnight, I now have over $10,000 saved up. I want to get into stocks and things, eventually be able to retire at a young age, be rich etc. I feel I'm fairly intelligent, I just want to know if anyone was in a similar situation, and what they did starting out with investing. I have read some things online, and will continue to, but is there any advice from someone who learned from their own experience how to get started?
>TLDR
I am young, have 10k, what do I do with my money to financially grow?
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If your not familiar with stocks
you will lose it all.
Find a good company like fidelity
And choose a low risk option.
Guaranteed money.
You can try stocks on your own but to me it isn't worth the risk.
You can also try just playing with stocks about 500$ worth to start an account and see how it really works.
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>>1424452
That's fine, I will keep that in mind. What other investments would you recommend making?
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>>1424447
Common sense should tell you two things:
1) Lots of people have the ability to save $10,000
2) Somehow, you're not hearing about a new class of stock millionaires from any reliable source (that's right /biz/).
Or, look at it another way. How many people do you know personally that are making a living from the stock market? There's a reason.
That's not to say impossible. But most people aren't even aware of the advantages that would give them a fighting chance, and so the road is littered with failures.
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>>1424499
1) In no way did I mean to say that I'm a special snowflake, I just meant that I'm not retarded and feel like I could be using my money in a smarter way.
2) I also didn't mean to make it sound like this was to be my primary income. Just a supplement. I meant get rich and retire at a young age as literally just some goals in life, not that I expected stocks themselves to get me there. And I know 10k is not a ton, I did however save it up somewhat quickly.
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>>1424447
Why not use that money to get a degree in finance if stocks interest you that much
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>>1424447
google "swing trading"
It involves the MACD and RSI
Use finviz to look up companies with
P/E under 15
Debt/equity under .5
Current ratio over 1.5
P/B over 1
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>>1424508
Ok. Well, lots of times, people on this board who talk about "getting into stocks" are referring to trading.
If you're talking about investing, good call. $10K is more than enough, but most people will tell you to diversify by buying mutuals or ETF's, and stay away from individual stocks.
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>>1424447
What is your job?
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>>1424447
Put it all in VOO or some other index fund that traces the S&P 500.
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