Whats something 2 invest $$ in?

Question

Ok I'm 12 my dad is always telling me i need 2 quit buying so many video games and invest in something...I really would like 2 but I don't really know of anything a 12 year old can invest in. I thought about buying and selling on ebay or something(I'm good with computers). But I u gota be 18 2 use ebay. *sad* So whats something I can invest in on a low budget($150)?

"My son used to buy a bag of these gold chocolate coins for $ 2 a bag, then take them to school and sell them to his friends for 25 cents a coin." thanks...good idea but i'm home schooled. I guess I could buy candy and sell it 2 my little bro. lol.

Answer 1

I think your best investment is to invest your time in developing your knowledge of the world. I would suggest you learn everything you can about the stock market, since this is where the most money can be made. I would suggest you check out http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 2

I don't know where you live but let me answer based upon my kids when they were in that age range. Be creative!
1) Borrow dad's lawn mower, pay for the gas and go mow lawns. My son is 21 and on his own now but I still get calls to see if he is available from some of the older neighbors.
2) Borrow dad's rake or shovel and shovel snow or rake leaves and grass.
3) Walk down the street looking at the neighbors cars, offer to wash their cars - set a good price but fair - make sure it is clean. You will get references.
4) My son at 14 looked after (don't use the word baby sitter) an 8 year old boy on Saturday afternoons while the mother did her grocery shopping, etc. The husband worked 6 days a week in the family business. Our son did many odd jobs for this family.
4) Then when you have saved some money, put it in a savings account until you have $1,000. Then buy a mutual fund.

One daughter when she was 13 and not very big, banked $1,400 in a year. Another daughter banked $500, she also decorated her room the way she wanted it. And my son, paid his own way to Church camp, paid for a hiking trip to Colorado with a friend's family, and bought a new lawn mower that he liked better than the one I had. The youngest daughter didn't get started as young. She decided at age 16 she was missing out; she got a job. Now she is a college freshman working 15 hours per week for spending money.

With all the kids, we have 4, when they had $1,000, they invested in a conservative Capital Apperciation Fund, then with the the next $1,000 they bought small cap growth funds. When my oldest graduated from college in 3.5 years, she graduated several years ago in January she funded two years worth of her Roth IRA. Because she learned to work, she never missed a beat and was on the Dean's honor roll.

I am bragging I admit.

Answer 3

My son used to buy a bag of these gold chocolate coins for $ 2 a bag, then take them to school and sell them to his friends for 25 cents a coin.

Advertise your videos etc. on craigslist.com. It's free.

Answer 4

Well, get your dad to invest it for you, I think the account could be in your name, not sure on that, but get going in the stock market and try to add to it once a month or so if you can. But your dad is right, don't waste money on video games, or at least keep it WAY under control, learn young and get in the habit of investing and saving.

Answer 5

i might take a hazard with it and positioned one million,000 in Wamu inventory (wm). it extremely is a great hazard because of the fact the economic organisation ought to cave in, yet as long because it survives, in 4 yrs you have 5-10 ok money. Or, play it extremely risk-free and positioned it in a CD. CDs are certain money. No hazard. the perfect cds at present are at approximately 4 % each year, so which you'kk make eighty money a year. circulate on your economic organisation and purchase a cd or circulate to Smith Barney or some thing. i does not purchase a "risk-free" inventory. you will no longer make plenty with in basic terms 2 ok. the two purchase wamu or get a cd. Or, do one million/2 and one million/2. stable good fortune.

Answer 6

set up a custodial account at www.sharebuilder.com and buy a few shares of one of your favorite companies. Think about products you and your family use every day, use up and need to buy more. If the whole world does the same, those companies should make you some money after many years of investing. (Examples: gasoline, soap, toothpaste, shampoo, food)

Answer 7

First, learn to speak and write legible English before you hurt yourself trying to invest or sell thru EBAY.

You seem like an ambitious young boy, but remember---walking B4 running means less falls!

Answer 8

Hi,

It's never to early to find out about the stock market and how it works. They say you should invest in something you know and understand so I think your might like to invest in video game stocks like:

Acclaim Entertainment (AKLM: up $0.20 to $2.67

Activision (ATVI: up $0.19 to $29.83

Take-Two Interactive Software (TTWO: up $0.32 to $25.60

ThQ

Look them up on Clearstation. Go through the tutorials on investing and practice investing by selecting stocks that you like and that you think will go up. When your stock selections make money, go to your father and show him the results and ask him to open up a brokerage account - maybe he already has one.

Then invest for real after you practive on Clearstation. (http://clearstation.etrade.com/).

Kindest Personal Regards,

Walt Brown
Site Build It Certified Webmaster
[e-mail]

P.S. Also go to (http://www.fool.com/). They have some good information on investing in stocks.

Answer 9

Check out this website. Its perfect for you. You will get checks sent to your house each month.

My website: http://easymoneymakingcareer.blogspot.com/

my website details the usage of it. Theres no need to invest and you get a check each moth.

Good luck, contact me with any questions or comments you may have

Answer 10

Buy Life Insurance for your father and explain him you will make hundreds of thousands of dollars when he dies.