How to invest when you are 16?

Question

I am Gunveer Singh. I am 16 years old. I am currently running a webhosting and designing bussiness but there are not enough sales.I want to invest some thousands of rupees(INDIA).Please it is urgent tell me

Answer 1

There is no quick fix in the investing side of things. You may want to consider a money market account earning 3%. The market is a bear and risky right now. A bottom may be near, but beware.

Answer 2

Sounds like you know about webcast design and IT services. you ought to look at the public IT companies, read their 10K filings (US), get to know who is doing well and who isn't, and invest in those stocks. It's one area of the market where you will have an edge. Good luck -