Hi I am a 13 year old guy of Delhi,India. I want to invest my savings that is Rs.6000 in stock market or mutual funds.Please suggest me something. It will be a 5 year invest. I want maximum profits.Please explain me in details and if in stocks where in stocks so i can get max. returns.Best answer will be awarded 10 points
2006-10-09 19:13:42 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
Hey Coolguy,
In contrast to the detractors and doom and gloomers I want to tell you "yes, you can" and to completely forget about all those people discouraging you from investing. Your 5 year outlook is the very attitude you need to have when dealing with modest amounts of money.
I started off in the stock market about your age during the dot com boom. I too started out with about $100. All it takes is one right move to make your money grow.
This is where you should start:
Ask yourself how much risk you're willing to take. If you can afford to loose all your ruppees then I suggest a high risk, high return mutual fund consisting of small cap companies.
If you want something with less risk, with a more consistent return rate go with a large cap mutual fund.
You can also invest in industries too! I highly suggest looking into the oil industry, oil prices will be going up soon and profits lining the pockets of investors. Check out companies like Exxon Mobile and Chevron.
You'll also want a place to start. I don't know if they handle international clients, but I started at sharebuilder. It's a great place for people with smaller amounts of money. They only charge $4 to buy stocks!
http://sharebuilder.com
If you want some more specific advice you'll have to email me and I can put something together for you. I started out just like you, young and with a little bit of money. People always told me I would be wasting my money but I proved them all wrong when I took my dream vacation straight out of high school at 18. Don't give up, and keep the long term in mind.
Some Investing Site, Great information
http://investopedia.com
http://investingsensei.blogspot.com
http://barchat.com
http://finance.yahoo.com
http://cnn.com/money
Here are URLS to some popular Online Brokerages
http://sharebuilder.com
http://scottrade.com
Graciously
The Investing Sensei
http://www.investingsensei.blogspot.com
If you have any other questions, comments, or concerns you can contact me at:
My Site: http://investingsensei.blogspot.com
Email: investingsensei@yahoo.com
http://etrade.com
2006-10-11 18:15:17 · answer #1 · answered by Johnny B 2 · 0⤊ 0⤋
I don't think you have enough to invest in stocks or mutual funds. At about 60 British Pounds, most of that will be taken up in charges. I reckon speak to a building society.
2006-10-09 21:20:53 · answer #2 · answered by myownprivateroad 3 · 0⤊ 0⤋
Invest in 5 to 8 really well known, highly regarded Indian companies.
2006-10-10 04:14:00 · answer #3 · answered by etilyad 2 · 0⤊ 0⤋
Invest in Puffy Guaranteed that in 5 years the money would have increased her lifestyle no end!
2006-10-09 19:36:23 · answer #4 · answered by puffy 6 · 0⤊ 0⤋
Call centres seem to be a booming business in India. Invest there.
2006-10-09 19:23:40 · answer #5 · answered by Jotun 5 · 0⤊ 0⤋
In the first place, you should become a major to trade in shares.
You should take the advice of your parents or an investment advisor to trade in shares.
Analyst
http://moneytipz.blogspot.com
2006-10-09 23:54:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
How the hell did a 13 year old get that kinda savings?
2006-10-09 19:21:36 · answer #7 · answered by riettebotha2 4 · 1⤊ 0⤋
you know what. 6000 ruppes is only about £60 or $100 dollar.
So certainly you can't do it abroad.
2006-10-10 10:35:07 · answer #8 · answered by Ramesh 2 · 0⤊ 0⤋
If your father has his own business, share with him otherwise do not TRUST anyone for that money!!!!
2006-10-09 19:22:03 · answer #9 · answered by saleem 4 · 0⤊ 0⤋
what do you think about the link below?
2006-10-10 03:40:32 · answer #10 · answered by simon j 1 · 0⤊ 0⤋