How do you invest money?

Question

I have my own saving account and want to invest and make alot more money. I am only 14 but we kinda learned it in school and now i am going off to high school. I want couple of bucks to help out my family and just go out and stuff. So what is the best way to invest money?

I have my own saving account and want to invest and make alot more money. I am only 14 but we kinda learned it in school and now i am going off to high school. I want couple of bucks to help out my family and just go out and stuff. So what is the best way to invest money? I also have 65 bucks in the account

Answer 1

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 about this slowly. Don't put too much into anything.

Spread the little money you have into various places...a little in savings (for that rainy day), some for the family, and if any is left over, begin investing with a small amount on a regular basis.

Try about $60.00 a month in a stock purchase account, or maybe look to join a stock club.

Remember, only those who set aside a certain amount every month and stick to a plan...succeed.

Your long journey begins with that first step...make it the right step.

Answer 2

Investing money means to use your money in such a manner that it has a reasonable expectation and probability of making more money for you. You don't mention how much money you have, but you could investigate penny stocks. These are stocks that cost from tenths of a cent to something under a dollar, such as forty, fifty, eighty-five cents per share. They are the easiest to buy on a limited investment and offer the greatest probabilities for a high return on the investment.

Answer 3

Hi Smart Girl,

At such a small age u r looking to invest and increase ur money great ! If u r in USA how about becoming a small time investor in Real Estate ? I am working with a Real Estate Investment group and we would like to advice you to come and join us. We have joint ventures, partnerships and condomeniums to work on. We are into this business from last 30 years and if you wish to use ur money in smart way join us.

If u want more information please let me know.

Best Wishes !

Answer 4

dear flamesie..

what kinda money r u looking to invest..and what r ur investment objectives...longterm or shortterm

if u have fair amount ...and dont need it in a fair term..property is the best investment

if u r looking at short term put in,donot look beyond bank small term FDs...i donot recomemnd the stock mart for u at all..keep away !!

have fun too though...too much of stress on money ..is foolishness and stupidity...work hard in wutever u r doing..be sincere truthful and humble with people as also disciplined in personal life.

and yes remember money always follows if u do ur work well

and if u chase money without knowing what work will bring it..
u wont ever get it.!

peace blessings and sucess for u

Answer 5

you could now make investments income 3 ordinary steps: a million) open a Demat Account with economic organization or broking service (Reliance funds, Karvy, Indiabulls and so on) 2) Deposit your income Demat account. 3) purchase stocks on your demat account by a application or by telephone call to broking service.

Answer 6

Go to daveramsey.com and read his advice. He's really got great ideas on long and short term investments.
You sound like a very smart & responsible kid!!


Much Love!!