Hi there! Im a low-income 18 year old from the PNW of the USA. Both my parents are retired, and I leave for college next year. I want to start investing to get a foot in the game and start understanding this tool!
I make about $570 per month, sometimes much more, sometime less. I work part-time when I am not in school. Currently, I have to pay for the rest of my flight training program, about $4,000, but I am hoping for a scholarship.. I am also hoping to buy an iPad for school and finance it over a 12 month period. Besides upcoming college woes, that is the extent of my financial burdens.
I probably have around $500 in savings at the moment. I am alright with a few riskier things but want to focus on diversity and steady growth in my portfolio.
What would you recommend I do? This can include different platforms, different stocks or index funds, how much to invest per day, week, month. Ive thought about, every time I want to buy a sweet drink, investing that money instead haha. Im sure you all have better tips though.
Thank you in advance.