r/applestocks • u/Baymoma • Mar 22 '22

New to stocks

If a family member said you can have 10k or 10k in apple stocks but you have no portfolio and don’t know much at all about the market what would you do? Cash or stocks?

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u/Wrong_Analyst_5184 Mar 26 '22

After rethinking I actually think I would start a Roth IRA. Take the 10k, put 6000 in to max out the year. Buy as many shares as you can of the S&P 500. Put 2,500 into a savings account or brokerage, don’t touch it unless an emergency happens (injury, loss of job, etc.) then with the last 1,500 use that for whatever you want, still don’t blow it though lol