Anonymous asked in Business & FinancePersonal Finance · 1 month ago

Is $40k in the stock market alot for 19?

Im 19 and got that by myself from working, what percentile would that put me in?

4 Answers

  • 1 month ago

    It is a LIE for anyone that doesn't know.

  • 1 month ago

    DAng, thats pretty good, I would say that less than 3% of 19 year olds have that kind of money these days.

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  • fcas80
    Lv 7
    1 month ago

    By age, I'm sure you are in the upper 5%.  Good for you! 

    If you are in individual stocks, try to diversify by industry.

    Buying mutual funds instead of individual stocks handles the diversification for you.

    Invest for the long run - the stock market will come back.  Good luck.

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  • 1 month ago

    Don't know, don't care. Do you own a house? Going to college (if desired)? Is your job steady? Are your stocks going up or down ?  Are you debt free ??

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