![]() |
|
| *Home>>>Invest Money |
What should i invest my money in as a teenager? |
I'm a teen and I would like to invest my money, so I can make some profit. What is the best way for me to invest? Since you have a long time horizon, I would either buy a small company with good prospects for the future, or buy a mutual fund that invests in micro/small caps for aggressive growth. It's better to invest in a savings account. Once you have a sizeable amount to invest (say $10,000), I would buy a CD for a year or so. That's a safe investment that will give you a moest return. zit cream. Go to your local bank and see what their CD rates are.. or possibly savings bonds. Just depends how long you'd like to tie your money up. With CD's, your money is locked up for an amount of time and bonds will keep earning interest for 30 years and you can't access the money for 12 months if you wanted to cash them in. Just a few ideas. If you want to start your own business some day I would start buying things for it so you don't have to get a loan later or you can put it in stocks, bonds or cds. Go to http://www.bankrate.com and look up High yield savings account. I guessing that you don't have a lot of money, want a small amount of risk and will need for the funds to be available to you. CD's are also save but tie up your money for set periods of time. Be sure to read how many time you can use ATM for free a month. Some banks have limits. Good Luck I started investing when I was in 7th grade. Now, I'm a senior in college. So, now I can look back and figure out what I did right and what I did wrong. Since you're a teenager talking about investing, I'm automatically going to assume that you plan on going to college. That means you want your money to grow tax free. More than easy It all depends on your investment horizon how long to you want your money to grow for? Do you want to keep it in the market for a long time or a short time? You are still young and are able to bear investment risk if your horizon is long. If 5% monthly is good enough for you, please take a look of this site. http://www.international-investment-pool... |
| Tags |
| Investment Calculator Investment Bank Investment Advice Investment Account Invest Money Invest in Gold Invest Fund Income Fund |
| Related information |
why don't you send me $10,000 and change my life? ...To be honest, that's really not enough money to do anything with. You would get killed by brokerage fees on just about anything you might try. You could try gambling, if you don't min... That all depends upon your current financial situation. If you are heavily in debt, by all means pay off the debt first, then invest what you have left over, if anything. If you have little or no d... Easy. Buy assets. It's that simple. Learn what an asset REALLY is and then find ways to take the money you have and use it to buy assets and NOT liabilities. A house that you use for livin... Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out. ... A lot depends on other personal financial factors, e.g., level of risk you are comfortable with, previous experience selecting your own investments, your age, do you have 6 months living expenses i... Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too ri... bank CD's ... |
Categories--Copyright/IP Policy--Contact Webmaster |