what etf should i buy, im fifteen and some money?

Question

i have $1000 to put into an etf, i already have $2000 in a cd. am i on the right path?

Answer 1

VTI

Answer 2

QQQQ, SPY and DIA are probably the most traded things around. Probably the safest one is SPY (tracks the SP 500) since 80% of mutual funds can't beat or just track the SP 500. The long term bet by the guys in the know on the SP 500 is 8% a year. The SP 500 is the bench mark used by mutual fund companies and therefore probably the most researched index around.

DIA is basically tracking the Dow Jones industrials average so when the Dow is up, DIA is up.

QQQQ follows Nasdaq.

SPY and DIA give out dividends so try to get a free DRIP (dividend reinvestment plan) so your dividends buy more shares of that ETF. Dividends add to whatever growth. So when I said the SP 500 will probably average 8% a year, and SPY let's say has a 2% dividend, then that's probably just over 9% growth (with about 1% going to the people running the ETF). $1000 at 9% over 10 years is $2,367.36. In 20 years it would be worth $5,600.

Obviously you are going to get more money to invest. You should have 5 to 6 different "eggs" for your basket. An example of this would be 30% Foriegn ETF (EWO, FXI, EWZ, EWW for example), 20% SPY, 20% IWR, 20% IWO, 10% TIP or GLD.

You also want to have 3 to 6 months worth of emergency cash, but you probably won't know that amount till you are on your own.

Answer 3

Index Etf is a good choice like SPY or you can buy foreign index etf which will be cheaper

Answer 4

save it when your older so you can start some investments ........ you can turn 1000 into 10000 in 1 month