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I'm 18 and inherited $50,000

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Money Talk > Investing, Stocks and Bonds

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GardenCat
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Cash: $ 11.60

Posts: 58
Joined: 07 Dec 2014
Location: Colorado
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If you were comfortable, before the inheritance, with the debt you would have after school and grad school then that is your basis. Forget screwing around with the $50K and trying to figure out the school finances, 529 plans, etc.

Put the $50K to work for you for your future. You are young, you now have this ONE chance to set yourself up to be a millionaire by the time you are 50. Don't blow it.

Invest the money in a Vanguard S&P 500 type fund, as Old Guy suggests, and forget about it.

Good Luck!, You have a fantastic opportunity, make it work for you.
Post Sun Jan 31, 2016 9:09 pm
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