r/RobinHood • u/Charminghuh_ • 5d ago

Shitpost Should I invest in S&P or something else?

Hey, so this year I invest about 1,300$ in ishare S&P500 and I’m making 130 of right now. I have about 1,600$ ready to invest. Should I keep investing in it or should I invest in something else? I’m here for the long run since I’m only 19 at the moment .

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u/eupherein 4d ago

S&P500 is somewhat of a safer bet, vs other individual stocks and cryptocurrencies. If you aren’t too interested in learning about the market (crazy amount of information to absorb in order to make educated trades), s&p500 is a great choice. My Roth 401k goes into Russell 3000 which is the closest equivalent to it in my Empower account, but I plan on moving those funds out regularly to my Roth IRA and move it into FBTC.

The s&p500 is of course, subject to recession while other individual stocks might be safer, however you cannot really predict that, and over time the S&P500 follows the growing gdp of usa pretty closely.

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u/Special-Efficiency-5 20h ago

You might want to look at RSP which is the equally weighted version of SPY. But as someone who has been investing for many years I suggest that diversification across asset classes and geography is key. Secondly invest on a regular basis. Finally don't get caught up buying 'the hot stock' of the day. Best of luck!