|
|
| *Home>>>Invest Money |
Invest Money??? |
Im 15 and want to start investing money but don't know where to start! So please help me. Start by saving your money in a savings account. Develope good habits with your money. In the mean time, you should educate yourself about the stock market. Buy a book or better yet, visit my blog. My blog is dedicated to beginner investors who would like to learn where to start. Click on my profile, next to 'About Me', or you can copy and past the website in my source and take out the spaces (yahoo looks down on posting your blogspot site) consider buying an ETF of the whole market, like SPY or QQQQ. it automatically makes you diversified and allows you to dollar cost average. Don't think minors are allowed brokerage accounts . You need to have the financial knowledge before you start investing. I would suggest an alternative revenue source for you. You can actually check out Sunshine Empire. Provides healthy returns and is expanding. Congratulatios on your decision to save and invest for the future. and that too at very young age. You should know that you are very lucky that you know the advantages of starting early. Because when you start early you allow your investments to compound many times. I would rather suggest you to start a Systematic Investment Plan. Invest in a Mutual Funds and allocate your funds in short term and long term horizons. you might need some money for college educaiton, higher educaion, marriage, holidays so. keep these money in side and rest put it in the growth Mutual Funds. and dont touch it for long term. You can also invest in Shares as you are very young and young people have very high risk taking capacity and risk apetizer. So put your money to work and it will see a exponential growth after some 10-15 or more years. Good Luck The Perfect Place to start is to watch the show MadMoney on TV. He gives out great advice, to invest with your money. And also, to get the books. And on top of that check out, thestreet.com |
| Tags |
| Investment Calculator Investment Bank Investment Advice Investment Account Invest Money Invest in Gold Invest Fund Income Fund |
| Related information |
Dear Jordan: This is indeed a very wise thing to do. You can start investing at 15, though you'll need your parents to open a custodial account for you (ie just drag one of them to a comput... Of course there is. IGN bank is one. Currently paying 4+%. US tbills is another currently paying 5%. Both have web sites. ...At your young age, it's refreshing to see you care about important matters like helping out your family and looking to get returns better than what savings accounts pay in interest. Go abou... Inflation is continually eating away at your principle at about a 4% rate annually, sometime more infrequently less. Then on top of that there are taxes which eat away at the income your principle... This is Yahoo!, not the freakin' oracle. You need to provide more information if you want any kind of an answer. ...It is better invest the amount in your name and keep your grand son as nominee or as a joint holder. See that your name is first and the other name in 2nd place. If you invest in this way, there ... I think these articles will help: How to Find Good Stocks That Will Survive 2008 Market Crash ... There are basically two ways to invest in the stock market: 1) indirectly - purchase units of a mutual fund. This is often done through a savings plan at work. A mutual fund is ... |
Categories--Copyright/IP Policy--Contact Webmaster |