I just received $7,000 and am looking to start investing. I am 23 years old and am graduating college in December. I am not working while in school, but my parents are covering rent and other expenses. I have some student debt, but my grandmother said that she has money saved up for me that will cover all of it (I go to a state school so it is not a wild amount). I will graduate as a mechanical engineer and hope to have a fairly high paying job once I finish school.
I don't have any specific objectives for this money, but I don't want to be too risky (as I am a novice and don't know anything). I was planning on putting some of it in stocks and trying to learn the stock market, while using most of it for long-term investments. I have no other investments and no monthly payments (car, etc.).
I have been told that I should start a Roth IRA, and have seen that my bank offers investment portfolios where they choose what to do with my money and take .35%. Are these good starting Points?
Any help is greatly appreciated! Thank you!
Submitted June 23, 2020 at 07:56PM by hterrell247 https://ift.tt/2YtMbzn
