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First post here!

My father gifted me $25,000 as his last monetary support as I "become" an adult when he took an early lump sum out of his pension. I've had this amount floating in my bank for a month now. I still live, and will continue to live, as if I was doing so before. I do not intend to be gratuitous with this money, or spend it lavishly. I only have a small amount of college debt (around less than $3,000 that isn't collecting interest/subsidized which will start in two years). I will stay at work making $17 an hour, continue to drive my shitty lemon and take public transit, continue going to community and local college, maybe find a hostel and a cheap flight ticket and get a cute tattoo.

The thing that I'm most interested in is how to profit and maximize my benefit from this $25,000. I've been thinking of some options, and I'm not entirely sure which avenues to explore? If I could be nudged in the right direction, I could do some proper research and see what yields the best!

  • High Yield Checking Account
  • Pay Off ~3,000 College Debt (or simply pay it off slowly with my current wages)
  • Bonds, specifically Mutual Funds
  • Learn and Utilize Stock Market apps like Robin Hood, etc.
  • Anything else...

I'm entirely unsure what routes to take, and how to take some of them... I've done researched and I've seen a lot of folks say, research Dow Jones and put your money into z y x, and I've seen folks say, split some of your money and put it in more risky bonds but also be safe and put your money in less risky bonds. I'm just very unsure and wanting to be wise about this moving forward. Some resources would be fantastic!



Submitted February 04, 2019 at 12:34PM by MiyuzakiOgino http://bit.ly/2S61Z9Q

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