<prompt> Human: Ive been fortunate to have someone pretty rich grandparents who just put 60k in a single meat products stock they owned under my name. Since I make enough money from my summer internship to cover all my current expenses, Ive been thinking about taking the money and putting it into a more diversified portfolio. Ill probably open up a 401k sometime soon and deposit some of the inheritance into the it, but for the time being Im thinking of take 20k or so and putting it into a portfolio of 10 or so stocks Im fairly confident in.Is this a good idea, or should I look into safer options like commodities and bonds?  <response>: Sell the single stock now.Put some into an IRA or Roth IRA. Put a large chunk in a broad index fund. You can play with individual stocks but only with money youre not afraid to lose.If youre going to need that money in the next 5 years, dont put it in the market though. 