But you don't have a lot of income so you should get some deductions to cover it (again US tax law may be different).
I don't know your aunt and uncle but my gut says you should just do what they say.You're 100% right there however, since it is in a trust it gets taxed significantly more than it would if it were in my personal account. At least I think that's what my aunt was explaining to me last night.
I don't know your aunt and uncle but my gut says you should just do what they say.
I have my money spread over about a dozen funds. They range from stocks to bonds to equities to mutuals
So the trick is to go into stocks or funds that have growth potential now.
Seems like you are close to your aunt and uncle which is great. Would you hold a grudge if you took their advice and it did not work out with the FB stock?
Holiday dinners would never be the same.
While I would agree that investing in a potential breakout stock should be treated that way, general stocks (like houses) have inherent value, so it's not the same as gambling. And given enough time, stocks (like houses) will always go up in value.The stock market is just a different version of a roulette table. Never put down what you can't afford to lose.
Provided you don't pick a company that goes belly-up or a Sears, Radio Shack, Takata, Sea World, and the sort.stocks (like houses) will always go up in value.