Welcome to the Jill on Money Coronavirus Market Update. It is Sunday, April 26th. I hope you're having a restful peaceful weekend and we're just going to get right

into the questions I'm not going to give you the whole rigmarole you know it

we're here to help you out so if you've got a financial question

send us an email ask Jill at Jill on money.com. Okay Amy writes I'm listening to your

podcast I thought I should write you make me laugh so much your

podcasts are the best five stars okay my twins are 20 they're still in college they

now they are now living at home with classes online and I have a lot of money sitting in a savings account earning nothing. They have a lot of money sitting in savings account. The daughter has 10,000 the son has 5,000 dollars. I left the money in savings to have access to cash. I was going to have

them invest in some Vanguard funds, but then the world went crazy when the market went

down. I wanted to get them invested, but I had to set up the accounts and transfer the money. The accounts are ready to go and I want to show them what to do. But honestly, I don't know. After listening to hours of your podcast, they should invest in a fund. Lumb sum, maybe monthly after, but what should they invest in? What

should the split be? The Dow is at 18,000 when she started beginning. Now it's at 23,000.

Okay, here's your guidance. With, you know, five or ten thousand dollars in Vanguard funds,

first of all, what you're going to do is like the twins

are going to sit down and you're gonna play this for them.

And what the twins have to understand

is that this money is long-term money.

So when they invest it, they really shouldn't want

to touch it for many years because if there's some reason that you think you might need

the money, maybe there's going to be some college debt to pay off, then you should not invest it.

But let's presume that they're long-term investors.

All they have to do, you ready for this? You go right onto the old Vanguard site, right? You've got the

account set up and you were going to see that there's all different investing products.

What I would suggest is you go to the mutual funds and you can do one of two things.

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