fallibledragon
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Do NOT invest based on someone telling you to invest. Learn what you're doing before doing it. Even "professional" managed mutual funds by big banks can be quite a scam. A high-interest tax-free savings account would get you started, while you take the time to learn more about investment. |
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iloveme
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save it u will get interest for the more money u put in there |
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Hooky
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don't go near the shares at all, put it into a term deposit account! |
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Smiley
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I totally agree with the first girl. you're only 15, so instead of spending it, save it. It'll totally help you for college, and if you don't go to college i can help you for other things you need. |
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I'm in a resolution rush
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don't do anything!!! send it to my bank account |
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Pick a fight 05
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Keep the money where it is! |
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David B
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as a minor i dont think you can open your own brokerage account, but I believe its a great time to invest a third of your funds in the market, using due diligence. CDs would be productive for the rest if you dont think youll have to get any out, savings accounts are a losing proposition for anything other than immediately liquid funds. |
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splitoctal
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It looks like you're getting lots of bad advice here!
I would say that you should invest the money in your financial education. Use a little of it to buy books ("High Powered Investing For Dummies" or similar books, maybe?) in order to increase your understanding of what you can do.
Learn how to invest and then practice investing. |
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Xavier
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i think u shuld wait becuz its a risk it can go both ways so i suggest u wait a little while |
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John Sipson
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It really depends on your short / long term plans for the funds.
Regardless, of the current finanicial climate if you invest in any equities you are going to do better than if you had done so 1 or 2 years ago.
If you may need to call upon these funds within the next few years then you are taking a huge risk by investing now. Any growth you achieve is likely to be realised over a long period of time whereas a further down turn in the markets could see huge pecentages of your money wiped out vertually overnight.
Put it this way, if you are prudent and lucky with your investments you would do well to receive a 10% yield (i.e. $300 per year). If you are unlucky you could lose 50% a year and see your investment go from $3000 to $1500 to $750.
There are millions of investers out there who know more about what they are doing and have the resources to save their funds quicker than you.
If you were a fund manager would and you saw a stock crashing would you save your own funds or your investors funds first? |
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blackjcool
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u answer your self the economy is crap!!!
so i think u must wait . |
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$andman
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at your age ,be aggressive...a high yield,junk bond type fund |
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Bird
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Yes I have this friend named Bernie, he will talk great care of you...lol
Honestly, this is a great time to invest because you can buy cheap! I'm not a stock broker, so I'm not going to advise you on what to but talk to your parents and maybe you guys can take $1,000 and invest in some stocks. Good luck! |
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switchfootluver
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I wouldn't take the chance of investing in stock just because the predicament that the government is in. One thing I would do is take $2,900 and put it in a CD, that way, you earn more interest. You need at least $100 dollars in a savings account so if you want to keep your savings account you can only put in $2,900, but if you want to totally get rid of your savings account then you can put it all in the CD. You can talk to your parents too. |
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grahamganson
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Check out the books by Dave Ramsey. They are great for investing tips on money. If your going to go stock market, you better know what your doing. Stock Market is not for those who are nieve. You should buy when the stocks are low, but not invest too much into any one stock.
I would personally invest it into some GOLD. Gold is Increasing in value, because it is becoming more of a rare asset. You cannot go wrong with gold. Buy some gold and put it in a safe. Let that sucker sit and Gain Monetary Value for several years |
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grand lake bum
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liar |
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oh, i see....
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i would say get a roth ira. it is never too early to start and at your age it should definitely go up. good for you for wanting to invest. that is very smart. |
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Master of the Dark Covenant
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Now is a great time to buy stock - GE stock is only like 15 a share - I would go w/ that.
Actually - scrap that - teh market is going to go down even more this year - invest in silver - it is low right now and should go up about 40% or more in the next few months - then sell that and use the profit to buy stock and wait for the turnaround. |
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dk
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coca cola is a good bargain |
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Whatever You Like
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Thats a lot 4 ur age save it |
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Money Expert
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There are safer options. Email me via profile for advice |
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Aviator
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if you are only 15 you will need this money for college or a car or something so leave it in a cd or money market account. do not invest money into the stock market if you will need it in the next 5 years. investments should be looked at as a long term committment (10 years) |
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bushbeast46
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Have you ever heard of buy low and sell high? Well our market is in the crapper(LOW) so buy buy buy and wait for the up turn. Smart of you to ask. |
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Arthur A
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I would wait awhile until you see that things get a little better, and then when you feel it's the right time then get in touch with the right people who will do the right thing when it comes to your money. But be mindful when investing your money,always do your homework first. |
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Nick.Van.H
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First of all, Well done for hanging onto so much, Most teens get a fiver, and they go out and spend it.
I would say either save into a premium bond account until you are older, then thatwill give you capital if for instanse you want to start a business, or even for your first house.
Or you could allways invest it on stocks, but beforehand You should read up on it, and get advice. |
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Otis S
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no invest in enron |
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James B
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invest in my food. Me hungry =[ |
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Stuart M
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Spend most of it on fast women and fast cars..........then waste the rest on beer |
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Michael
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i am 11. I think you should take it out in case like a great depression happens. I dont know |
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