Investing money...successful?

Question

Waht are some good ways for teens to invest money and be successful? Any other advice?

Thanks!

Answer 1

The possibilities are endless, it's the imagination that's not.
My advice to you is to:

Pay yourself 1st: Save for your future (Nest egg) and give yourself a cushion in case something comes up and you NEED, not want, money fast.

Education is always a good investment: Go to college or join the military. If you go to college you'll have to pay for most, if not all, of your education. If you join the military, they'll pay for all of it. Just check out all branches if that's the route you decide to go.

Don't be afraid to take chances: If you have an idea that you think can be successful, then do it. So what if your idea fails in the end. Don't be afraid of that. You'll come out of that experience with more knowledge and wisdom. The younger you are the more risk you can and should have in your investment strategy. Even if you lose everything you put into it, your young enough to to gain it all back and then some before you need it.

Beware of get rich quick schemes: Infomercials, etc.., are a waste of money. Sure, you can gain some insight from them, but your money will be better utilized elsewhere with a much better chance of a higher return on your investment (ROI).

Try to find a financial advisor: They may not take you as seriously because of your age, but ultimately your money is just as green as the next persons. Before you talk with an advisor, have a good idea of what you want to achieve and when do you want to achieve it by? Also ask yourself why it's important to you and if you have your priorities straight and inline with your goals.

Good luck!

Answer 2

I have invested through funds and in individual stocks for some time. When picking stocks try to narrow your focus to companies and\or industries that you understand and enjoy. The experience will help you in many other ways including banking and budgeting.
If you have a small amount to imvest, look at companies that allow direct purchase. It doesn't make sense to use a broker if they will eat up your profits in fees. Sorry I don't have any links but I'm sure you can find direct purchase options by searching.
Wishing you the best of good buys,

Answer 3

dear friend give ur location of residance so that the answer u r getting will be suitable to ur requirements.

how ever where ever in the world the investments will be of 4 types.
1. fixed asserts( Land/ home purchase )
2. longterm Fixed deposites or Insurance with high guranteed interest to suit ur future need ( u should guss ur needs like marriage /travel/pension etc.....
3. Liqued assets like gold arnments etc.....
4. short term high profitable investment like Fixed deposite or mutual funds ,share market etc..

u shold know which company or financial institut give better service and have good trust among ur local area and world wide before invest..

where ever in world for teens "Jeevan tarang" Insurance product will suit u can see the details on web www.licindia.com. it covers all stages of life time financial needs. want to moe info on it u can personally mail to me

if u give ur future need or torget growth and area u leave then u will get even best advice from our friends and elders.
ok
mrkdas, insurance advisor india.

Answer 4

A professional broker could be useful depending on the fees. If you are just planning to get market gains every year, you could just invest in S&P or something similar. Use a broker if you plan to be a little more aggressive. Brokers can provide you with useful information quickly, although you can gather a lot of information by yourself online. They just save you time. Remember, no one can guarantee returns in the market. It is what it is. Arbitrage exists, but if your broker determine arbitrage opportunity, he wouldn't be your broker then.

Answer 5

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.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

At the age of 32. my 401k is amassed 74,000.00 and 30000.00 in taxble account. by follow simple rule

Answer 6

Read some very useful and effective investing tips and articles on this site to help you with it

Answer 7

Here's a link to child financial literacy articles:

http://www.inside-alpha.com/child-financial-literacy-articles.html

Don't be upset about the "child" thing, it's about stuff that most older people don't know either.

Let's make money!

Good luck

Marc

Answer 8

bank
http://home.createmyfuture.com

Answer 9

The best thing I or anyone can tell you is this.

clarkhoward.com