i'm 16 years old and want to invest my money. what's the best way to do so?
hey i'm a 16 year old kid almost 17 and i want to make sure that my future in life is well set. so i would like to invest my money. i work 2 jobs so i already have a decent income but i want to live a easy life. i'm going to start investing with roughly 1000 dollars. i would like long term investment info as well as short term. thanks!
Asked By: Christian - 12/20/2011
Best Answer - Chosen by Asker
college is your best investments. just be smart at the time to choose a major. in the mean time i would open a CD account for 1 or 2 yrs lock. i don't know if e-trades or computershare would let you open an account since you're under 18
Answered By: Moh - 12/20/2011
Additional Answers (6)
go talk to a well-known bank's banker and talk about opening a savings fund or other possibilities like having a stock at your age perhaps, the skies' the limit.
Answered By: Farmress - 12/20/2011
get a job you are old enough to work at some places
Answered By: Air2068 - 12/20/2011
Since you cannot do anything without your parent then discuss it with them Opening a NO LOAD mutual fund account with a brokerage is your best bet
Answered By: Equality - 12/20/2011
I wouldn't go in the stock market if I were you. A good risk-free way would be putting it in a bank.
Answered By: Jack - 12/20/2011
you and i share the exact same thought my friend see i'm about your age and I've been thinking about the exact same thing now i know this sounds hard but you have two jobs your 16 so hopefully you don't really have to pay bills or anything like that to pay and all so just take one check to spend on yourself and take... More
Answered By: DeAndre - 12/20/2011
The best information I have come across for someone your age is in an Ebook called "Investing and Saving For The Common Man". It costs $3 and is full of great advice and ways to save money. I was very happy with my purchase... More
Answered By: Linus - 12/20/2011
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