Invest College Money?

[573]

Hey guys so I have about $300

I’m in college live in a dorm have a full time 7 days a week meal plan.

What ideas do you have that would turn this $300 into a short term capital gain?

What investment ideas do you know of?

Or should I say fuck it and have a good time...

[73]

I'd recommend putting it towards a long term investment or saving it for things you might need to buy in college. I'm currently a freshman and even with a meal plan having extra money to buy certain things is actually useful if you always eat at the dining hall and you have everything you need i'd look into an investment otherwise i'd just recommend you to keep the money and use it when needed.

[27]

Become a drug dealer thats a good way to make sum money. I'd recomend saving about a thousand dollars for an emergency fund because shit happens in life.

[22]

You'd probably need a substantial down payment to get much out of shares/stocks etc. With $300 I think it would be pretty hard to make a decent turn around on it.

On the flip side, it's almost black Friday so you could just get some good deals? Money comes and goes in life so you might as well have fun.

[18]

The best (and most boring) advice is to either 1. pay off your debt or 2. Toss it in a index fund like SPY and watch it grow over time.

[19]

take 10% and put it into the spy ( spx500 ) 5-10% into crypto and like another 10-20% into stocks you see yourself using everyday like chegg or AMD for example. Invest money into your 401k if from the US otherwise put it into your countries retirement fund. Most kids in college overlook this and its usually how much people get into the top 10% with a shitpaying job by 30 since theyve been compounding all the money they have been reinvesting back into the stockmarket index funds ( like the spyder mentioned above ) or into their retirement fund.

[3]

Given the smaller amount for investment as well as your instant gratification needs, it would be wise to firstly reduce any debt you have with that money causing instant gratification in debt relief, if you don't have any debts then it would be a good idea to invest in something of high risk that is not long term (because long term investments don't give you instant gratification). Your in a stage of your life cycle where taking risk is warranted rather than putting money away for long term accumulation needs. 

So crypto, horse betting, sports betting, Lottery, scratchies are all acceptable. I wouldn't recommend blowing it on drugs as it may have the instant gratification component but with no upside on a return on your investment.

[38]

I agree with the posters here, invest it if you don't have any debt. I wish I had done that years ago when I was working 2 jobs, but I was too busy blowing it away. Now that I am older and could do it all again I would invest in stocks or something that can give you some good cash on its return.