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Hello

I need a little advice. My father has approximately $15,000 to invest. He is 72 years old and does not need the money for income. He was laid off from a part time job he has held for the past 5 years. I was thinking of putting it in Vanguard Index Trust 500. Does anyone have any creative ideas. I am very new at this and really in the learning stage. I would appreciate any information. Thanks very much
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Greetings, Chachinga, and welcome.

<<I need a little advice. My father has approximately $15,000 to invest. He is 72 years old and does not need the money for income. He was laid off from a part time job he has held for the past 5 years. I was thinking of putting it in Vanguard Index Trust 500. Does anyone have any creative ideas. I am very new at this and really in the learning stage. I would appreciate any information. Thanks very much>>

As long as your dad doesn't need that money for income within, say, the next five years or so, then the Vanguard 500 is a great way to go as you both get your feet wet in terms of investing and risk. Otherwise, the stock market may be too volatile for his income needs.

You're new to Fooldom and also new to investing. That's great on both counts! You have wandered into a forum that believes you, as an individual, can do far better for yourself than most professional money managers. Provided, that is, you take some time to learn a few basic investment concepts and do some self-examination to see where you fit on the risk tolerance scale. Therefore, why not take some time now -- not later -- to be sure about what you want to do. Start first by reading The 13 Steps to Investing Foolishly, which you can access from the main, opening screen to The Motley Fool. They will suggest some important things you should consider. Then I suggest you toddle over to your local library, discount bookstore, or even here in the Fool Mart, and pick up some easily read, easily understood, inexpensive texts that will thoroughly explain how to invest in stocks using some simple systems that will take but an hour per year of your time (if you're slow) yet produce returns that put the majority of professional money managers to shame. I suggest and commend the following to you: "Beating the Dow" by O'Higgins; "The Dividend Investor" by Petty and Knowles; "The Motley Fool Investment Guide" by the Gardner brothers; "One Up on Wall Street" by Lynch; and "What Works on Wall Street" by O'Shaughnessey. All are well worth their low cost and the small investment in time it takes to read them. Get them and read them. You'll be glad you did.

While you're doing all that, also take some time to explore the various nooks and crannies of Fooldom to see what others are doing and what they're discussing. In the process, you'll gain a wealth of knowledge and information that will serve to claify how you want to approach this very personal issue. Don't be afraid to ask a question anywhere in Fooldom. Folks around here are great about answering questions and clearing up misunderstandings.

Regards.......Pixy


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