Imagine you're 20 and you have $20k to invest

chenry · 11-12-2020, 07:39 PM

A lot of smart people here...so I give you this scenario for feedback:

You're 20 (no it's not me)
You have managed to work and save $20k which is sitting in savings
You have $2500 in QQQ
You will graduate from college in 2024
Income between now and graduation is TBD (maybe another couple thousand after expenses)
No debt now or upon graduation

Next move is...?

I've already given my advice so I figure I'll throw the net out and see what others would recommend

Darth One · 11-12-2020, 07:53 PM

Index fund

upstatedoc · 11-12-2020, 08:10 PM

Hookers and blow

HFW003 · 11-12-2020, 08:32 PM

RED!

vreihen16 · 11-12-2020, 08:34 PM

Leave California!!!!!

upstatedoc · 11-12-2020, 08:37 PM

How is college paid for?

kscarrol · 11-12-2020, 08:47 PM

Not passing judgement but OP lives in Huntington Beach and drives an M340 at age 20. Easy to see how college is paid for.

chenry · 11-12-2020, 09:00 PM

Quote:

Originally Posted by upstatedoc

Hookers and blow

okay I'll give a +1 for that...

chenry · 11-12-2020, 09:01 PM

Quote:

Originally Posted by Darth One

Index fund

in line with what I was thinking too - thnx

4Hockey4 · 11-12-2020, 09:08 PM

At 20 (long time ago) I was aggressive and it paid off...then. World markets are sketchy. I'll be surprised if 8% over 30 years moves forward.

I day traded, I controlled quite a few companies investments for years.

Right now ? I have savings in Vanguard Wellesley Fund. Prior to March, much was in Wellington. (pulls 8% year, and look how it did in 07/08...right)

At 20, put it in a medium risk. Time value of money will take care of the rest.

chenry · 11-12-2020, 09:11 PM

Quote:

Originally Posted by vreihen16

Leave California!!!!!

so this is top on the list

chenry · 11-12-2020, 09:12 PM

Quote:

Originally Posted by 4Hockey4

At 20 (long time ago) I was aggressive and it paid off...then. World markets are sketchy. I'll be surprised if 8% over 30 years moves forward.

I day traded, I controlled quite a few companies investments for years.

Right now ? I have savings in Vanguard Wellesley Fund. Prior to March, much was in Wellington.

At 20, put it in a medium risk. Time value of money will take care of the rest.

thank you

chenry · 11-12-2020, 09:27 PM

Quote:

Originally Posted by kscarrol

Not passing judgement but OP lives in Huntington Beach and drives an M340 at age 20. Easy to see how college is paid for.

Ha I get it.... how I wish it were true (being 20) - while I do live in HB - not asking about me (updated my original post to make that more clear)

Just looking for opinions with the scenario I shared

1N54E92 · 11-12-2020, 09:50 PM

Buy XPENG Chinese EV stock ! $44 now but will be $190 by February 2021

XPeng Inc.
NYSE: XPEV

wcr3d · 11-12-2020, 10:12 PM

Visit a hooker then leave California with as much blow as you can.

wcr3d · 11-12-2020, 10:15 PM

Buy land north of NOLA, soon to be beachfront.

chenry · 11-12-2020, 10:21 PM

gents (and a few gals) - I am now going to leave this thread because I can see it getting a bit sideways - thanks to all that have kept on track and responded, I appreciate all of it...(the solid advice most of all but the laughs too).

So with that I bid you adieu (in terms of this thread)

NEfan508 · 11-12-2020, 11:35 PM

@kscarrol

I was 19 with a nu 2002 330xi, so young the F'ing dealer wouldn't let me drive a loaner...

got a house too and ya my parents helped me buy some furniture (that's it) I started a company, I bought a house all before I was 20 with no financial help from anyone

Now I know why I got gray hair by 30?!?
Twins, a company, a mortgage all before I legally could drink

Nachbar · 11-13-2020, 01:10 AM

Bitcoin (and hold 5 years)

eluded · 11-13-2020, 04:11 AM

Hookers and blow

ppointer · 11-13-2020, 06:34 AM

Quote:

Originally Posted by chenry

A lot of smart people here...so I give you this scenario for feedback:

You're 20 (no it's not me)
You have managed to work and save $20k which is sitting in savings
You have $2500 in QQQ
You will graduate from college in 2024
Income between now and graduation is TBD (maybe another couple thousand after expenses)
No debt now or upon graduation

Next move is...?

I've already given my advice so I figure I'll throw the net out and see what others would recommend

I would split that $20k four ways. With the first three quarters I would buy Apple, Amazon, and Tesla. With the last quarter think about a little gamble on Palantir. If you don’t want to gamble, go with Microsoft instead. Disclosure - I am not a professional investor or advisor, and I own shares of all of those companies I just listed. Come back to me in a year and we can compare notes.

kscarrol · 11-13-2020, 06:43 AM

Quote:

Originally Posted by wcr3d

Buy land north of NOLA, soon to be beachfront.

How far north? Asking for a friend...

11-12-2020, 07:39 PM	#1
chenry Colonel 2356 Rep 2,964 Posts Drives: BMWs Join Date: Feb 2012 Location: SoCal Huntington Beach iTrader: (8)	Imagine you're 20 and you have $20k to invest - what do you do? A lot of smart people here...so I give you this scenario for feedback: You're 20 (no it's not me) You have managed to work and save $20k which is sitting in savings You have $2500 in QQQ You will graduate from college in 2024 Income between now and graduation is TBD (maybe another couple thousand after expenses) No debt now or upon graduation Next move is...? I've already given my advice so I figure I'll throw the net out and see what others would recommend Last edited by chenry; 11-12-2020 at 09:27 PM..
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11-12-2020, 07:53 PM	#2
Darth One drunk poster 6613 Rep 3,649 Posts Drives: M4 GTS \| E46 M3 Join Date: Jul 2008 Location: FL iTrader: (0)	Index fund
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11-12-2020, 08:10 PM	#3
upstatedoc I'll get back to you 7556 Rep 2,132 Posts Drives: blue streak Join Date: Dec 2009 Location: not downstate iTrader: (2)	Hookers and blow __________________ 2018 Stinger GT 2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast.
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11-12-2020, 08:32 PM	#4
HFW003 Brigadier General 5684 Rep 3,225 Posts Drives: 2024 M340i xdrive Join Date: Apr 2013 Location: Newcastle, Australia iTrader: (0)	RED!
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11-12-2020, 08:34 PM	#5
vreihen16 Recovering Perfectionist 15144 Rep 941 Posts Drives: 2015 BMW i3 BEV Join Date: Jun 2019 Location: Orange County, NY iTrader: (0) Garage List 2014 Mighty Freight ... [0.00] 2015 BMW i3 BEV [0.00] 2000 Audi TT Quattro [0.00] 1967 Formula Vee [0.00]	Leave California!!!!! __________________ 2015 BMW i3 BEV, Giga World (Lodge interior), Tech/Driving Assist Packages, 30K miles
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11-12-2020, 08:37 PM	#6
upstatedoc I'll get back to you 7556 Rep 2,132 Posts Drives: blue streak Join Date: Dec 2009 Location: not downstate iTrader: (2)	How is college paid for? __________________ 2018 Stinger GT 2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast.
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11-12-2020, 08:47 PM	#7
kscarrol Brigadier General 8894 Rep 4,107 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Not passing judgement but OP lives in Huntington Beach and drives an M340 at age 20. Easy to see how college is paid for. __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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11-12-2020, 09:08 PM	#10
4Hockey4 Banned 832 Rep 674 Posts Drives: Pinto Join Date: Aug 2019 Location: Here iTrader: (0)	At 20 (long time ago) I was aggressive and it paid off...then. World markets are sketchy. I'll be surprised if 8% over 30 years moves forward. I day traded, I controlled quite a few companies investments for years. Right now ? I have savings in Vanguard Wellesley Fund. Prior to March, much was in Wellington. (pulls 8% year, and look how it did in 07/08...right) At 20, put it in a medium risk. Time value of money will take care of the rest.
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11-12-2020, 09:50 PM	#14
1N54E92 Colonel 81 Rep 2,046 Posts Drives: BSM F30 M-Sport Join Date: Jul 2007 Location: Mid-Atlantic, USA iTrader: (4)	Buy XPENG Chinese EV stock ! $44 now but will be $190 by February 2021 XPeng Inc. NYSE: XPEV
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11-12-2020, 10:12 PM	#15
wcr3d Captain 461 Rep 659 Posts Drives: 2013 535i XDrive M Sport Join Date: Aug 2012 Location: Indiana iTrader: (0)	Visit a hooker then leave California with as much blow as you can.
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11-12-2020, 10:15 PM	#16
wcr3d Captain 461 Rep 659 Posts Drives: 2013 535i XDrive M Sport Join Date: Aug 2012 Location: Indiana iTrader: (0)	Buy land north of NOLA, soon to be beachfront.
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11-12-2020, 10:21 PM	#17
chenry Colonel 2356 Rep 2,964 Posts Drives: BMWs Join Date: Feb 2012 Location: SoCal Huntington Beach iTrader: (8)	gents (and a few gals) - I am now going to leave this thread because I can see it getting a bit sideways - thanks to all that have kept on track and responded, I appreciate all of it...(the solid advice most of all but the laughs too). So with that I bid you adieu (in terms of this thread) Attached Images
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11-12-2020, 11:35 PM	#18
NEfan508 Lieutenant 2659 Rep 448 Posts Drives: 2019 M2C Join Date: Jan 2019 Location: Massachusetts iTrader: (0)	@kscarrol I was 19 with a nu 2002 330xi, so young the F'ing dealer wouldn't let me drive a loaner... got a house too and ya my parents helped me buy some furniture (that's it) I started a company, I bought a house all before I was 20 with no financial help from anyone Now I know why I got gray hair by 30?!? Twins, a company, a mortgage all before I legally could drink
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11-13-2020, 01:10 AM	#19
Nachbar Captain 8023 Rep 671 Posts Drives: i8 Join Date: Jul 2015 Location: Switzerland iTrader: (0)	Bitcoin (and hold 5 years)
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11-13-2020, 04:11 AM	#20
eluded 2JZ-GTE 3005 Rep 3,986 Posts Drives: 340 6MT, 50e, others Join Date: Nov 2015 Location: Sofia iTrader: (0)	Hookers and blow __________________ A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.
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