I’m currently 17 and I’m about to turn 18 in a couple of days with $7k saved up. What should I invest in? I have $6,000 in bitcoin and $1,000 in cash, and I already have my first car, so I just want something to make a little bit of passive income if possible.
I would open up a Roth IRA on Vanguard and invest in VOO.
I would tell my 18-year-old self to invest $160 per week, no matter what, until I’m 50 years old, into boring, low expense index funds, then I retire on $1 million and do whatever I want for a few decades until I die. Assumes average return of 7%.
I would say invest in some stocks and set up a Roth with Fidelity.
You’re already doing great, study BTC more, don’t sell it. Keep stacking. Look into self-custody if you haven’t already. It’s the only asset you need.
Get into digital marketing, learn the skills that will help you expand your digital income streams. Invest in your knowledge, be ready to learn and make mistakes. This is a long term investment; it takes a few months or a month with the right guidance, effort, and focus. I have done it for the past 6 months, and so far so good.
@Finley
How did you get into it?
loidfinly said:
@Finley
How did you get into it?
I started with simple research using free resources like YouTube and Google. Eventually got a mentor who guided me and took some courses. What are you looking to get into?
@Finley
How much have you made?
Keller said:
@Finley
How much have you made?
From the business itself… almost 13k. Individual results will vary. Success depends on various factors such as effort and dedication.
I agree the first $10,000 should be Roth IRA with VOO. Then after that, you can start individual stock picking.
Try arbitrage sports betting and value +EV betting; you can make some cash with little risk. I make like $250 a week with a software from getarbitragebets.
IRA 100%. God I wish I had done that. You’ll be a millionaire kid if you keep adding a decent amount every month.
Crypto, but sell by August. Take your profits and buy back in when it’s a bear market.
Don’t join crypto. 
Housing… Obviously location will dictate your options.
Invest in VOO and treasury bills and start a T-bill ladder. Don’t listen to anyone about crypto; it’s unpredictable and very risky. I can guarantee you that without knowledge about it, you’re going to lose your investment. Stick with what’s best and proven to have profits. VOO and treasury bills are the way to go.
College / Trade School.
I’m tripping; I thought you said you had 17 million and you’re turning 18.
Bitcoin goes up, Bitcoin goes down. Right now Bitcoin is up.