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<p>[QUOTE="John Johnson, post: 4232206, member: 96020"]My advice would be don't sell right now. Put the entire amount into an S&P 500 index fund and let it ride. Then buy two books: "Real Money" and "Get Rich Carefully" by Jim Cramer. "Real Money" will teach you how to evaluate a company and then only invest in a good company. Never buy a stock in a bad company. "Get Rich Carefully" will help you learn about the cycles stocks go through and when to tell if a stock is headed up or down.</p><p><br /></p><p>Learn first. It's the same advice you would receive if you were asking about starting a new coin collection.</p><p><br /></p><p>Someone above suggested 10% to 20% in precious metals. For many years I believed in keeping 10% of my investments in precious metals as a hedge against downswings. But you're 12 years old. You have so much time to recover from any short term losses. There's no need for you to invest in precious metals right now. If you do want to put some of your money in PM, though, I'd suggest putting it in the highest grade silver or gold coins you can afford.[/QUOTE]</p><p><br /></p>
[QUOTE="John Johnson, post: 4232206, member: 96020"]My advice would be don't sell right now. Put the entire amount into an S&P 500 index fund and let it ride. Then buy two books: "Real Money" and "Get Rich Carefully" by Jim Cramer. "Real Money" will teach you how to evaluate a company and then only invest in a good company. Never buy a stock in a bad company. "Get Rich Carefully" will help you learn about the cycles stocks go through and when to tell if a stock is headed up or down. Learn first. It's the same advice you would receive if you were asking about starting a new coin collection. Someone above suggested 10% to 20% in precious metals. For many years I believed in keeping 10% of my investments in precious metals as a hedge against downswings. But you're 12 years old. You have so much time to recover from any short term losses. There's no need for you to invest in precious metals right now. If you do want to put some of your money in PM, though, I'd suggest putting it in the highest grade silver or gold coins you can afford.[/QUOTE]
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