As the title suggests, I'm 18 years old with $140,000 sitting in my bank account. I got this money from an online business I ran back in high school. I have absolutely no debt, and the money is just sitting there in a savings account making near 2%.
I started going to college so I don't have time to manage it. I was looking at indexes like S&P and obviously, its preformed amazingly over the last year. Now, I'm not saying this trend will continue into the next year, but betting on America itself, I'd say it's a very safe long-term investment.
So, my question is: should I take all this money and just dump it into S&P or some other similar index? By doing that, I'm essentially diversifying and getting risk managers doing the work for me. If there's any other investments you guys would recommend I'd appreciate the feedback.
Submitted December 13, 2019 at 11:07PM by fatfirethrowaway493 https://ift.tt/2stSJ3f
