gibetheridge
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You can multiply this capital several times over by buying a snow shovel. Use it to shovel peoples sidewalks and driveways. There are lots of people who won't or can't work that hard. Do a good job, it will snow several times this winter. Repeat customers and word of mouth advertising are precious commodities. Save at LEAST half of what you earn. Use some of it to buy a lawmmower and mow the same peoples lawns in the summer. You can do that until you get out of highschool, then use your savings to go to university or start a business. Good luck to you. Who knows? Maybe you will wind up running a succesful landscaping and snow removal company down the line. |
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Thorae
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Maybe invest in your education. |
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Wayne
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invest in school son |
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damnhippies50
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have your parents take you to a financial planner because i don't think you can do it yourself |
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Mourning my Mom
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You should invest in your education! Save money in a CD or anther savings account for university. Tuition costs are forever rising. You will be happy for that money when you get to college! :) |
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Mr. Goodkat
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put it in savings for your education. By the time you graduate high school, you can look at about 50,000 for college. |
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Kerri S
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education!dont spend too much $$$ now u have wont have anything to show for it |
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Cadillacman
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I'm sorry, but if all you have is $50, you don't have enough money to invest in the market. The best thing you can do with your $50 is put it in a savings account, and add to it when you get other funds.
Sincerely,
Uncle Floyd |
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bloodshotbuddah
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Invest in clean and clear your gonna need it |
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keypointist
|
This may sound strange but an excellent investment for you would be in a pension! I don't know the rules - it might be that you need your parents to start it or perhaps you could start it yourself. Starting a pension at such a young age could really boost your income in later life. This is an option in the UK certainly but I'm not sure about the US or other countries.
http://www.adviceonline.co.uk/topicalcontent/pensions/ |
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K Factor
 |
First, save some money...then buy google stock. |
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emmybug
|
electronics, sports, pets, knink-knacks |
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La Maravilla
|
shove a box and put more $50 whenever you get money, then get some high school wheels. |
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julie
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converse with your parents. Its still not too late to create an educational plan. Its when parents deposit money from the start of their child's birth until he's old enough to be in college. Its sorta like a scholarship. Once you enroll in college, everything is free. Expenses with just be for miscellaneousl like books and stuff..
But if you want the personal investment, what ever talent you have, learn it. If you want to be a guitarist, invest on it. Learn guitar lessons. If you want to be a painter, invest. Find a teacher.
All investments on your age always involve EDUCATION. :)
take care on life. :D |
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Derek (Steelers, SB champs)
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That retarded mutual fund is what will be in your college fund if you didn't know.
Do you even know what a mutual fund is? |
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Fischer z
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Ideally, you should invest in your future by studying hard and do lots of extra work, but that is definitely what you don't want. |
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Caitleen R
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education. |
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David P
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You should wait till your older to start investing. Investing is an important step in the right direction, but your timing is off. First you will have to worry about other expenses such as housing, food, auto, medical. Your parents or guardians provide this to you now, in the mean time enjoy the ride. However, if you are starting out small ($3,000) I would recommend a mutual fund (index approach). Make sure it is passively managed and no 12b1 fees. The benefits of a mutual fund are the investments you can make down the line $100 or so each time. Stay away from stocks, you want to diversify and avoid transactions costs by using a mutual fund. The expense ration will replace the trade cost.
You might want to try a CD from ING Direct. Your parents could create a custodial account for you. The CD would look your money away for a time of your choosing with different APR for each. It would be a very small return, but if you want to make some passive income, there you go.
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ReeferMadness
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Pokemon cards lol j/k. Um okay seriously now, it would be hard to find something to invest in that's only 50 dollars. What I would do is take that 50 dollars and get a cheap guitar and teach yourself guitar or something that would teach a new skill. Because investing in yourself is the best investment you can ever make. |
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David P
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Buy a CD or put it in a money market fund. Don't blow off mutual funds. They are the only investment that aren't "retarded". |
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aznbabiegrl8
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you cant enter the market with only $50 bucks.. but you could put it in a savings account. maybe even try investing in bonds. |
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Steph
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talk to your teachers the are probably smarter that anybody on here |
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Clark Kent
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You need somewhere between $ 10000 and $ 100000 to be able to do any investing. You can't invest $ 50 and make any kind of money since brokerage fees would eat it up. |
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Ryanhouse123
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2 points for me yay |
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Dana
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what kind of kid are you? get a life... and while your at it steal some money from your parents |
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Kyle
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you're 13....so Toys R Us |
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