Hi biz, I need some advice

Hi biz, I need some advice.

I'm 21, finishing my degree in international relations/political science next year. I currently lucked out and have come into the possession of $100,000 USD... Now instead of being a big ol' dummy like most of my generation, I'm wanting to invest this money and see it grow over time instead of buying some shit hot car or hookers. What is the best way to see this money grow over, lets say, a 10 year period?

I'm relatively financially independent already, as I work a media intelligence job that nets me around $30,000 AUD on top of uni per year, with the potential to work more hours to get more like $55,000 per annum.

Depends how much risk you can tolerate.

Thrown 10% of it in Canadian Medical Marijuana stocks though, seems like it'll rise.

Not too interested in high risk stocks, since I can't be around to micro-manage and I'm more or less uneducated regarding investment. Figured that perhaps a long term yield in something with slow but steady growth might be the best way to go?

>Thrown 10% of it in Canadian Medical Marijuana stocks though, seems like it'll rise.

You would be betting on the whims of government.

Foolish imo.

index funds and etfs are your friends. chuck it in a fund that indexes the s&p500, equivalent asx index etc

OP again

Was thinking of giving a portion of it to Platinum Management, and letting them invest it on my behalf. Thoughts?

Invest in hookers.

buy high dividend stocks that pay 4-5%

then set up a DRIP whereby your dividends are reinvested into buying more stock

after 10 years you should make about 40,000-50,000 on dividends alone

>buy high dividend stocks that pay 4-5%
then set up a DRIP whereby your dividends are reinvested into buying more stock

I'm a high schooler with ~$1000 I'd be willing to set aside to save. Is this something I could do? $50 a year for doing nothing isn't bad...

yep, sounds good. Figured I could snowball my investments by putting every dividend back into them?