bigleague
New Contributor
I am 22, and am new to investing and I need wisdom, on what paths are wisest to take.
I am currently involved in investing passively at Vanguard with the S&P 500 index fund. I am wondering if I am making a mistake by doing this?
What are your chances of succeeding with these types of investments:
-Passive investing (stock and bond index funds)
-vs Active Investing
-Becoming a Fund Manager
-Futures
-Options
-Forex Trading
-Stock Trading
-Penny Stocks
-Investing in National and Foreign Currencies
-Investing In Commodities (Especially Gold, Platinum and Silver)
-Investing in Bonds (Treasuries, Municipal Bonds, Corporate Bonds)
Or should I just skip investing in most of these, go with passive investing, and then start doing an online business?
Stick the proceeds into a low cost index fund and know that over any 10 year period you will a) beat 80% of all actively managed fund b) know that over 10 year periods the market has recovered from a bear market decline. Don't gamble with your hard earned income, an index fund will perform well over time 8% avg.
Spend your time, resources, and capital building perpetual income through business(s) and fund that index fund.
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