Ask Terry Questions First time investing

First time investing

By Terry Savage on July 05, 2024 | Investments

Single, age26, no debt, employed, minimalist, granddaughter would like to begin investing. She thinks she would have $150-175/month ‘chicken feed’. Direction, please.
Thank you very much

Terry Says

Haha, “chicken feed” is different than “chicken money!”  The latter is money you put away safely.  The former is money you use to grow your chicken!!

If she is working and has “earned income” she can open a Roth IRA at Fidelity or Vanguard — and I’d recommend either buying the S&P 500 stock index fund, or opening a ROTH IRA in their brokerage division — and choosing a few stocks  of companies whose products she uses.



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