What should i invest 300 dollers in?

Question

Ok im 16 years old and i have saved up 300 dollers from my job i want to invest that 300 dollers nothing to slow like a bank which will give me less interest rate. i want something fast im not afraid to lose the 300 either. just name some stuff and i have no clue about stocks but im willing to learn

Answer 1

I agree with spock who answered first.

With 300 bucks i would stay with a savings account, that's really to little amount of money to work with, Sure some stocks might be alright, but 300 bucks is too little, I would check into a certificate of deposit at a bank, However most certificate of deposits are for $1,000 minimum.

Answer 2

Go to a bank and tell them you want to open an IRA for 2007, strting with $300. Tell them to you want to invest in an aggressive International growth fund, with a no load mutual fund company, with low expense ratios. This will grow hopefully no guarantees, as far the growth, but will be tax deferred growth. I suggest for you to open the Roth Ira.
Wish i did this when i was your age, good luck

Answer 3

As of January 12, 2011, Citgroup (ticker image C ) has been above $5 / share for sometime. it relatively is vast. Why? as a results of fact mutual fund bylaws restrict them from procuring any inventory it relatively is under $5 (generally stated as penny shares -- under $5). Now that citigroup is above $5 and maintains to be there for greater advantageous than a million week, many mutual money will initiate procuring citigroup and push the fee above $6 very extremely and extremely right away. This inventory is low priced, yet nicely standard....subsequently, you ought to purchase greater shares than with a $10 inventory.

Answer 4

If this is strictly for fun to see what you can learn, I'd save up another $200 and get into a conservitave money market where you can get the money out and you have little risk. or a mutual fund where you can have some input as to what the mutual fund buys into.

godd luck

Answer 5

Open a Guardianship or Conservatorship account at TD Ameritrade.

Answer 6

Invest in a dictionary. After you buy it, look up the word "dollar". Then, you'll know how to spell it.

As far as the rest of your money, just open a traditional savings account. Keep adding "dollars" as often as you can.

Answer 7

invest in yourself -- education

arguably, education is the highest paying with least risk investment out there.

Answer 8

Invest it in spell-checker software.

Answer 9

invest it in the my future laptop. it would help out alot. lol jk invest it in your edgucation.