<prompt> Human: I want to invest 500, I am looking into rising stocks and penny stocks but am not sure which companies to invest in. Should I invest in stocks or index funds?I dont mind investing and then forgetting about this money for the next 20 years. I am in my early 20s, no debt, and a steady income.  <response>: This is a fairly common and generic question that can be answered by the personal finance wikiThat being said: In whatever you invest in, assuming 6 per annum, 500 will roughly triple in 20 years. If you envisioned greater wealth than that, you need way more capital and to invest on a consistent basis 