i am fifteen years old, and i am seeking advice in the world of investments. i want to learn how to know where to invest, and how. give me some hints and tips that may help for my future.
2007-01-26 16:54:11 · 11 answers · asked by psymon 2 in Business & Finance ➔ Other - Business & Finance
Im actually only a year older that you and I'm trying to invest just as you are. Right now I have a Mutual Fund which averages 12.9% a year. If I were you I would get into something like the one I have. I'm part of the Schwab S&P 500 Fund. The best advise I have been given so far is to read books about investing. If I were you I would read Rich Dad Poor Dad. Trust me it will help you out and make you think. Another tip that has helped me is scheming up ways to make money. Avoid risky gambles. There are many things you can sell to your friends as well...but be careful, its hard to rely on kids our age. Beware of selling to anyone your age...or even selling at all. Another helpful tip is, save save save save save! Don't be stingy, but if you have extra money, don't go blow it. Put it in an envelope and once you have several hundred saved up, send it into your mutual fund that I told you to get. Thats what I do and its working well. If you can help it, try not to pull out any of your money from the mutual fund until way way way after college, and always add to it. Let me know if this works out for you! READ RICH DAD POOR DAD!
2007-01-26 18:09:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would join an investment club. I did when I was about your age and it did not cost me anything as the money was given to my school to set the club up. We learned how to check the various stocks and what was a good investment and what stocks we should pass on.
Before you invest any of your money you had better get some education on the stock market. Real estate investment is good if you know the market and it is now a buyers market as there is so many people who have their property up for sale. Sooner or later the economy will turn around and the market will be in your favor.
When I was your age I could have bought a home for less then $13,000.oo and now its valued at over $ 100,000.oo a nice return on your investment. But investigate before you invest.
The Buyer beware
2007-01-26 17:05:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Absolutely not! In fact, the sooner you start the better! If you can save your money and invest it, the better off you'll be in the long run. I'm 25 and I wish I had started earlier. Just be sure you do your part and do your own research.
2016-03-29 04:34:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The best way is to stick your toe in the water and try some investments. ETF's (exchange traded funds) are the safest, best way to start out...and in most cases, all you ever need to do. The SPY (ETF for the S&P 500) beats 90% of all professionally managed funds in the market and without their high management fees or loads.
So, with that in mind.....buy the ETF's and beat 90% of all investors....hmmmm, pretty cool huh?
2007-01-26 17:00:42 · answer #4 · answered by fade_this_rally 7 · 0⤊ 0⤋
Yahoo finance pretty well covers the field.
You can get all the info you want on stocks (full company info, earnings , products etc), bonds and lots of columnists who discuss different options, You can even create portfolios , enter dates when you would buy something and see how it is doing a year later.
Also an investing 101 Ed center , scroll down on left.
http://finance.yahoo.com/marketupdate?u
2007-01-26 17:05:37 · answer #5 · answered by kate 7 · 0⤊ 0⤋
I suggest the website investopedia.com. It is full of useful information. Start with investing in a mutual fund and then after a couple of years start picking out your own stocks
2007-01-26 16:58:17 · answer #6 · answered by jinglebing3 1 · 0⤊ 0⤋
Being so young, I would recommend saving your money in a savings account until you're eighteen, in the meantime research several business ideas and try to start a business with the money when you are eighteen. Investing can be risky, it would be sad to lose your money early in life.
2007-01-26 19:03:15 · answer #7 · answered by Chris P 3 · 0⤊ 0⤋
Invest in Mutual Funds - safest way for starter.
2007-01-26 17:12:24 · answer #8 · answered by RAJ 1 · 0⤊ 0⤋
I put it in the source box. It has a free download shareware debt management program. It works by putting in your income, living expenses and then your debts. The software returns a printable database on exactly how to spend your money and more importantly how to reduce your debt. Remember its free and similar to programs that debt management companies sell to you when you ask them for help.
2007-01-26 16:57:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Real Estate.
Find someone who wants to sell something and then find someone who wants to buy it "an investor" and charge them a finders fee to assist in the deal.
2007-01-26 17:05:34 · answer #10 · answered by ttigresa 3 · 0⤊ 0⤋