/biz/ - Business & Finance

>>1612838
I think some people actually reply to this, attempting to come up with a feasible and appealing plan in the hopes OP will actually shell out twenty grand.

In my fantasy world where I get $20,000, I would open a new savings account and deposit it all immediately. After some stock analysis, looking at charts, trends, news reports, quarterly earnings, technical analysis, and so forth I would make a portfolio consisting of 4 or 5 picks with $10,000. I would spend $1,000 on buying a new set of clothes because I am poor, I'm not talking anything fancy, just button up shirts, pants, ties, and a set of shoes, with the same $1,000 I would purchase some groceries, personal necessities, etc. and save the rest in my wallet as a "forget this" backup.

$5,000 I would set aside in the event of an emergency. Its really nothing but it would be better than nothing.

$5,000 I would use with my parents to lighten their debt and move into a new apartment, this would give them a month or two to acclimate, and for my father to find a job while I go to school and get my degree in accounting (I'm 20 years old).

With that done finally I would continue my accounting studies, work for two years get my CPA certification, and finally get a job as an accountant but a higher tier one. During all this time I would be managing my portfolio, almost day trading, in an attempt to gain a few hundred dollars of profit each few days.

And that would be my plan.