Investing - 20 year old

[2010sarenevercomingback]

DCA is terrible advice for a 20 year. Should be fully invested at all times at that age. Even for our older clients we typically lump sum invest unless they are particularly skittish.

Use Schwab or Fidelity, they are no fee platforms for her purposes. Might be worth having her add you as a joint owner so you can access the account if she ever needs assistance with investments. Also, don’t Dollar Cost Average just invest as much as she has available with her budget.

Unless your 20 year old is gaining some windfall wealth, DCA is essentially the same thing (after an initial full investment, which I thought was fairly self-evident from context, but apparently not). Budget how much you have & invest it regularly. Setting a regular deposit of a fixed amount will - for 99%+ of people - result in them investing more than telling them to keep putting in as much as they can spare.

 

[Red Dog]

Unless your 20 year old is gaining some windfall wealth, DCA is essentially the same thing (after an initial full investment, which I thought was fairly self-evident from context, but apparently not). Budget how much you have & invest it regularly. Setting a regular deposit of a fixed amount will - for 99%+ of people - result in them investing more than telling them to keep putting in as much as they can spare.

It’s more about their initial sum of money which there was no mention about. It doesn’t take a windfall for a 20 year old with little to no expenses to build a nice little sum of cash

 

[Huskersballz]

Unless your 20 year old is gaining some windfall wealth, DCA is essentially the same thing (after an initial full investment, which I thought was fairly self-evident from context, but apparently not). Budget how much you have & invest it regularly. Setting a regular deposit of a fixed amount will - for 99%+ of people - result in them investing more than telling them to keep putting in as much as they can spare.

Ok so she should lump sum invest the money as she receives it. Thanks.

 

[Jim14510]

I’d also look at throwing it all down on Nebraska money line vs IU. Also liking a parlay with IU blocked punt and IU blocked field goal.

Hadn't even considered the gambling angle.

80% crypto
20% NCAAF

 

[SlumpBuster]

100% crypto

To the moon

 

[Toe]

SoFi is a pretty good all-in-one platform for a beginner. I like NTSX for single-fund investing.