Investing question?
Question:
Instead of spending it on all this crap that others kids today I am going to invest it.
Any reccomendations, and why?:
like gold, silver, bonds, stocks, etc. etc.
thx
Answer:
Congratulations for being smart enough to even think of this idea and brave enough to be different from the rest of the pack. When I was 16 I started working at Wendy's and saved up $1500 very quickly. I ran down to the bank and opened a 1 year cd paying 8.75%. After a year had passed the CD was worth $1631. All of this comes to my mind so easily because I was so proud of myself for doing this. I don't know how much money you have to work with and I can guarantee that you won't find a CD today paying 8.75% in interest but even if you only make a small amount of money, I guarantee that you will have that same sense of pride and accomplishment that I had when it's all over with. A CD isn't as exciting as gold, stocks, starting a business or some of the other ideas that people have given you but you are guaranteed to make money and be successful which is important for the first time trying to invest money. I would recommend going to a bank that's close enough to your house so that you can stop by there every now and then to check your balance and that you set up the CD for a period of a year. Good luck to you and remember my advice when you are 40 years old, incredibly successful, and some good kid asks for your advice on investing.
Save To Higher Education Saving Plan
It will Even Exempt your intrest earning at ur 1040
bonds if you don't want to take risk. If you want to take risk go for stock, i see you are a smart kid.
start a business, buy some goods and auction them. I don't think you are knowlegeable about the stock market yet unless you're a whiz kid.
Well, if you want to play it safe, diversify your self.
I'd put a little in savings, a little in a mutual fund, a little into stocks, a little cash.gold and silver are a little too unstable for my tastes.and, if you're feeling a little creative, I'm also dealing sports cards, with a decent investment in rookies.the key, is knowing who to buy and who to sell.
put them in the bank...
save them for ur future..
u never know how things go..
u r still a kid...
Good for you! Learn how to invest by finding out how successful investors have done it. Read about Warren Buffett and his investing philosophy. Then put those principles to work. You can succeed.
If you are under 18, then put the money in the bank and compund it annually without taking any money out cause the interest rates seems to be very good these days.
Investing depends on your own risk portfolio. You should know study yourselve whether your are a risk taker or simply conservative investors. Each investment does has its returns but it will be varied depending on your risk attitude.
There is always risk when it comes to investing. Let me give you the brief outlines of investing:
1) Investing in stock market
If you are able to invest in stock market, your should learn from Warren Buffet who is the guru of investing. His underlying principle is to invest on the fundamental stock which are strong in cash flows and does pay dividend annually. Using the compounding investing style, you will invest on the with the dividend as well and compound it over the years. Pls read the Intelligent Investor - His very own guru for more info. Please remember, there is also risk cause fundamental does change, just like airline counters which are the best performer during the 90s has been going downward since oil price has rapidly increased.
2) Investing on bond
Investing on bond is different, it will offer you an interest annually and as well as maturity at the end of the day. Bond prices are sensitive to interest rates hike. As interest increase, bond prices are vice-versa. However, when the bond is close to the maturity period, it will go back to the initial price or even higher (low possibility).
3) Investing on resources
It will be quite complicated for you to invest such cause it goes by future contracts. That's mean whatever you are participating is the future price of the underlying resources like gold or etc. However, if the value fall..cry hard my boy. Futures and Options are not meant for beginners. It's for hedging purposes for the industries. If you invest in such, it is only known as gambling for the future aspect which are uncertain.
4) Unit Trust or REITs
This one, you are investing on the expertise of the fund manager rather than you risking your saving however there is also risk. Please check wisely on the people who manages the fund and their experience.
Investment is solely base on your risk appetite. Please check out at www.wikipedia.org to understand more about these investments. One who knows their grounds and the sky along with their enemies are always the winner in a battle!!
stocks that pay dividends
Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
http://www.bernanke.cn/stock-trade/...
Best Wishes && Good Luck!
invest in stock it give good returns compare to other alternatives
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