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Hey this may sound stupid I'm 13 with 1500 dollers.........? |
I have a college fun which is full thanks to my grandparents + The pre-payed college program so I have ne school opened to me. I will continue to get money till my grand-parents pass away. I want to do somehting with my money I "manage" to pay for movies gifts and w/e else that isnt like a TV. My parents do not pay me I just happen to get money from friends..... umm I could probaly get around 500 hundred more in bout a month. I need to invest it though. What should I do with 2000 dollers? I guess I could keep it in the bank but it isnt generating any interest The Stock Market isn't great and I havent had too much experience in it. I have heard reports on gold i think it is going down unless war/attack and silver will go up but Dont want to buy mining companies futures or silver itself. What should I do? Wait till the housing market falls and then buy then sell when it rises cause it can only fall so far idk I probaly sound stupid I'm only 13 with many other things on my mind I'm 16 and right now I'd say, save that money. Either put it in the bank or invest it, but do not spend it right away. I'm 16 now and will be getting a job soon to buy a motorcycle. It would be nice to have that money available to me when I want it, and you will probably think the same thing later. I'm also 13, but with (not to brag) 6,000 dollars now which I invest solely in stocks. I started last year and put half my money in a domestic mutual fund and the other half in an emerging markets ETF (a very lucky bet). I really think you should invest in stocks, but after you've learned about them. Bite the bullet and invest it for the long term. You will thank me when you retire young! |
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