If a new high school graduate asked you what is the best thing?

Question

to do with $100,000...and the only choices were college or invest, what would you say would be best to do with the money?

I heard this question on Fox News & thought I'd ask on here myself.

Not sure if this is the best category...but since it's about a high school grad and what to advise them to do with their personal finances, I guess it's alright.

By the way...I would say college, only because of the chance that they invest and lost everything. Then never having that kind of money saved up again, but still wanted to go to college.

Doing both does sound like a good idea, too.

Answer 1

both. but invest the money and work to pay for school --community college first.

Answer 2

both. A simple investment of the money at 10% yields 10,000 per year. That coupled with a part time job and your through school. Unless you plan to go to harvard or some other very expensive place.

Answer 3

It depends on what you are going to do after college. If college is going to help you earn more money, go to college. If you are going to go to college for four years and then take a job that requires no training, then invest the money in real estate in a growing market. I would pick Idaho for the investment.

Answer 4

you can invest money to minimize risk - t-bonds are safe right up to the point that the country ceases to exist but of course your return diminishes as your risk decreases. Keep the cash and go to school. you won't be the first student who had to work and get grants and loans.

Answer 5

take the money
and invest now
as if the investments yield good returns
you can study later

but if you study, it will take a lot of time
to make that kind of money

Answer 6

invest. school is the best thing you could do for yourself.