A good investment......?

Question

Hey there,

I'm a teen and wanna think of a way to make some extra cash. What can I buy for an affordable price that is bound to rise in price quickly?
Thank You.

Answer 1

If you're thinking of the stock market..... forget "affordable price". You can buy a high quality stock for less shares (buying a low priced stock is very (very) dangerous).

Let's say you just have $500 to invest;
GE You can buy 12 shares
JNJ You can buy 8 shares
IBM You can buy 4 shares

Remember it's not how much in "points" it goes up... what's important is percentage!!!!!!!!!!!!!

BTW: I listed stocks above as an example. I'm not suggesting these stocks.

BETTER IDEA: Take a year to learn the market. It's the best gift you can give yourself (for the rest of your life).Putting money into the market because you "wanna" is not investing. It's gambling. A stupid habit at any age.

Answer 2

I'm sorry to burst your bubble but what you're thinking of is speculating and not investing. But the upside is you're still young and time is on your side. I'm going to tell you what I think you should do but reading up on it's validity will be up to you. Set aside a fixed percentage of your allowance or other form of income (I save 40% but others recommend as low as 10%) and invest it in index funds (a mutual fund that tracks the movement of the stock exchange index) regularly. Also, always bear in mind, that the greater the risk, the greater the reward.

Answer 3

Burn cd's for people for $7.00 a piece our a dollar a song