Advice on investing at 17
just turned 17 last week and opened a youth fidelity account and am going to put in 260 tomorrow, I’m planning on saving money to open a plumbing business in the near future, that’s about 6 years time until now where I would aim to get my class 2 master plumbing license in the state of Georgia. I plan to get a job during the summer and all throughout senior year to invest in the market also plan to save 300-500 a week right when I turn 18 trough the money I get from being a plumber apprentice, obviously investing more money a week as I earn more
I plan to live with my parents during my apprenticeship and ended up buying a cheap truck around a year ago from money I earned working side jobs. so now that I have that set up for me my main focus is to save money and invest I’ve made a plan to put 75 percent of my money into SPAXX and 25 percent in to VOO so by the time I’m ready to start my business I have around 80-90k saved up.
But I’m having second thoughts and seeing if I should put it in money in to Individual stocks, while putting less money into SPAXX but still most of it, but I’m wondering if the risk is worth it as if let’s say the market crashes right before I’m planning to start my business I wouldn’t have time to let the market recover and worse off but it could also pay off into bigger money compared to 3 percent a year from SPAXX