Hi biz, I need some advice. I'm 21, finishing my degree

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>>1468370
Depends how much risk you can tolerate.

Thrown 10% of it in Canadian Medical Marijuana stocks though, seems like it'll rise.

>>1468380
Not too interested in high risk stocks, since I can't be around to micro-manage and I'm more or less uneducated regarding investment. Figured that perhaps a long term yield in something with slow but steady growth might be the best way to go?

>>1468380
>Thrown 10% of it in Canadian Medical Marijuana stocks though, seems like it'll rise.

You would be betting on the whims of government.

Foolish imo.

>>1468370
index funds and etfs are your friends. chuck it in a fund that indexes the s&p500, equivalent asx index etc

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OP again

Was thinking of giving a portion of it to Platinum Management, and letting them invest it on my behalf. Thoughts?

>>1468370
Invest in hookers.

>>1468370
buy high dividend stocks that pay 4-5%

then set up a DRIP whereby your dividends are reinvested into buying more stock

after 10 years you should make about 40,000-50,000 on dividends alone

>>1468473
>buy high dividend stocks that pay 4-5%
then set up a DRIP whereby your dividends are reinvested into buying more stock

I'm a high schooler with ~$1000 I'd be willing to set aside to save. Is this something I could do? $50 a year for doing nothing isn't bad...

>>1468473
yep, sounds good. Figured I could snowball my investments by putting every dividend back into them?

>>1468484
>Figured I could snowball my investments by putting every dividend back into them?

thats what a DRIP is, so it does it automatically

if you get a dividend of 50$, and the stock is worth 40$, 40 will go to buying a share an you will get the remainder 10 deposited.

>>1468483
no, sorry, dividends require atleast 3000 purchase to be able to use your dividend to buy a new stock


Ill give you an example of one of mine

(NA) on the TSX is the ticker for the national bank of Canada.

It pays 0.55$ a share every 3 months. The stock price is currently 47$. But, i have 120 shares that i bought back when it was 45$. I thusly invested $5400; thereby the dividend payout every 3 months is 0.55 times 120 = $66. Enough to buy a stock and give me a bit of change.
Keep savin, youl get there.

>>1468507
Ok, thanks for the info. I feel like now is the time to be learning all of this stuff for later on in life. Thanks everyone :)

>>1468483
Woolworths allows DRIP. They hold what they don't buy on each cycle and contribute it to the next. 1K will get you 41ish shares. That should get you one more every half.

They're looking to wind back the clock and chase the $40 a share mark again so even on low Div Re-invest you'll be ahead.

Wes farmers probably has the same program but they're tied into coal which is doing them no favours in the long term.

Non discretionary retail is a safe bet moving forward, given our economy is contracting hardcore.

>>1468616
>one every half
I mean, one share every six months at current dividend. Two on last year's value.

>>1468370
>Now instead of being a big ol' dummy like most of my generation

>finishing my degree in international relations/political science next year

Top fucking kek

>>1468897
I may have subscribed to a meme degree but at least I'm working on fixing it. I've already gotten past the flipping burger stage so there's at least some hope for me.

>>1468897

The median salary for speech writers, policy analysts, campaign managers, political staffers/secretaries and so on is upwards of 100K p.a.

>>1469077

What uni, OP?

>>1469103
RMIT.

Going to ANU for my masters, hoping to specialise in defence and foreign policy there. Although it's a bit in contrast to my current work, which is media/politics monitoring.

>>1469114

Good university. See, I am also majoring in International Relations / Political Science and I am also 21 and I am also interested in areas of Media, particularly political media.

Basically, don't let anyone shit on your career or degree. A little bit of research will reveal well above-average median salaries for associated careers within the political sphere. Ironically, far more viable than the oversaturated Law.

>>1469120
Good for the course I'm in, yes. However, you should see some of the dipshits we have to share classes with sometimes. Where are you studying? media and politics is a really rich field. The job I'm working at right now offers me all the hours I want on a flexible basis, with a pay scheme that's far superior to anything most students could ever expect while studying. Keep looking, there's stuff out there.

And yes, we tend to cop some flak for our degrees, but law students are just various bitter failures.

>>1468370
My first piece of advice would be to stay the fuck off biz and dont trust anyone and their scams, especially retards like>>1468380


Second piece of advice would be to put it into an index fund or ETF like Vanguard. Anything actively managed is going to suck you dry from fees and is extremely unlikely to outperform the market

>>1468421
this mans knows what he's talking about desu