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It's excellent that your mom has decided to start an IRA for you at 19. I'm 20 and started one when I was 19 also. It was originally a Traditional IRA so that I'd save money on taxes for last year but now I am rolling it over to a Roth.

As far as what to do with your money, this is how I look at it. I put my 2K in a Vanguard Index Fund that follows the health care industry. The returns were better than the S&P Index Fund and I'm young so I can gamble (educated of course!) a bit. My plan is to learn more about investing Foolishly and then begin controlling my IRA better. A move within the next five years will probably be to transfer the money in my IRA from the Index Fund to shares of stocks. If you have any Foolishness in you, you know that stocks (when the right ones are chosen) will return better than any index or mutual fund in the market. But, I want to wait to do this and learn more. Plus I am in college and don't have the time to put into investing that I would like.

Well, that's my advice. Sounds like we're in the same boat - a little unsure now, but very secure with our "nest egg" for the future. Looks like you're headed in the right direction.

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