I have never invested, know nothing about the stock market, and don't want to tie my money up in long-term CD's. I want my money to work for me like all the commercials say! :) What can I ...
i have $2500 in an account yielding 4 or 5%. i would like to invest this into something that will provide a larger yield, but i will need the money by next september, so it can't be something ...
Please only answer if you know what your talking about this is a serious situation for me.....what took me about a year and a half to gain is all gone in 3 months.....I been thinking i wanna be there ...
I have about $300 to $500 I want to start out with and I will eventually be putting in about $200 to $500 per month after that. What is my next move here? I'm a total novice so please talk ...
Fed
Investing at 16 years old?
whats the best form of investment that a 16 year old can do without the help of an adult?
can one legally trade in the stock market at this age? im not crazy about making money but its something that recently, has intregued me.
im in the uk by the way. i have premium bonds with the nation savings and investments, but would like to go further.
cheers Additional Details by this i mean, what do u suggest?
where to invest?
1. A CD is a form of investment account in the US. As you live in the UK it is irrelevent.
2. At age 16 you are not legally allowed to own shares in the UK. No if's, no but's.
If you are prepared to accept the help of an adult you could get them to open an account in their name and add you as the beneficiary. However the money would legally be theirs and you couldn't do anything if they decided not to give it back. Also, every time you wanted to buy or sell something they would have to agree. So not very satisfactory...
Sorry the answer is not more positive. For what it's worth I started investing just after I turned 20. It took me a year to 18 months to learn what I was doing and start to make sensible returns. My advice would be to start a fantasy portfolio and see how you do for a year.
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