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I want to invest my money that i will make at my job(16 years of age)?


When i get a job at 16 (im 15 now) i want to invest some of the money. How should i go about doing this? What is the optimum method i can use or stocks i can invest in? In general, what is my focal point at this time and age?

Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.

Go to : low-cost-stock-recommendations

.com

They have a DRIP Section and it is free.

These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.

They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.

I strongly recommend looking into it. They are great plans.

You are probably too young for tht right now i think your best bet is to keep it all in a savings account in a bank until you are old enough to know exactly wht you will want to do with them.But it is very good tht you are thinking right in tht direction.!

If you are talking long-term, the best investmests (Low risk/decent return) right now, I think, are I-bonds and silver coins.

Good for you for choosing to invest and to start early!! Get in the habit of saving money every month and you will retire rich.

Investing in stocks requires taking the time to learn about the market and to research individual companies. That's certainly do-able and there are lots of young investors out there doing it.
Another option is mutual funds. A little less risky and a little lower return, but the trade-off is that there is a professional fund manager who's doing all the research. I personally like stuff from the American Funds group.

Please remember that investments in the market will involve paying fees and commissions. And I believe you'll have to get an adult's help for a couple years until you're 18.

A really simple way to get started is with Certificates of Deposit from your bank. They're easy to do and there's no fee.
Another option is US Savings Bonds. The rate of return isn't very high, but they're secure and again easy to do.

Yay you! Good luck.

Put it in an interest savings accout. As long as you keep it in there, your savings will keep growing!!

Good for you for wanting to save instead of splurging on crap like all other teenagers do!! =)

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