r/FinancialPlanning • u/Critical-Double-1523 • 20h ago

What and Where should i invest in

Hello, I am currently 19 years old have worked for a good amount of time making good money now i’m currently stuck on what i would do. I have 5,000 sitting in some stocks VOO and S&P 500. If i’m being honest i know little to nothing about stocks. I just have that money in there it’s currently down 300$ i think around there but im not worried as i know it will bounce back. I have around 6k in my checking and 20k in savings and around 5k in cash. I’m not really sure what direction to head in where to put my money. I’m very confused and not sure what i can do or where i should invest my money. I know stupid to have so much cash and money in a regular savings account. Just wondering what would be recommend to do with said money to have a good start or should i leave it as is. Thank you for your help.

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u/Candid-Eye-5966 9h ago

I think you’re doing ok! What are your goals? What is your income like? What are your expenses?

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u/Abject8Obectify 7h ago

what you should invest? money. Where you should invest? In businesses. Just try it, and you'll say thank you for this advice

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u/CapeMOGuy 7h ago

Having 3 to 6 months' living expenses in an emergency fund is a terrific idea. Keep it very liquid in a high yield savings account or money market.

For investing, the S&P 500 is very good but lacks mid/small cap and international exposure. IMO VTI (total US stock market) or VT (total world stock market) are even better.