I'm 18 and don't have much money what should I do to get the most out of it. I don't mind taking risk

Question

I'm 18 and don't have much money what should I do to get the most out of it. I don't mind taking risk

Answer 1

Jst bump into yr Q today. Don't used to do this. Remember: Use your time to exchange for $. U can multiply your returns, 1) by taking higher risk, or a better way, of course, 2) get great education. You dont need to goto top University to get it. You jst need to get good result.

Expand your knowledge. Then only u will know how 2 make more $ and keep them.

Great future ahead.

Answer 2

Start by putting a small amount regularly into a mutual fund.  Low risk is usually involved.

Be sure to read the prospectus of the funds you think you may be interested in before you send in your money.

After you see some profit on your mutual fund and after you have mastered reading the prospectus, branch out into CDs, treasury bonds and stocks.

Don't risk your money, just because you don't know what you are doing.  Learn first and be money-wise.

Answer 3

Get a male hooker - Its something youve always dreamed of. The risk is weither you will get aids again or not.

Answer 4

If you want to start investing for retirement, get a Roth IRA from an online brokerage that offers them with no fees.  Find a good value stock and reinvest dividends.  Limit your transaction counts so all your profits don't end up being spent on commissions.

Answer 5

buy stock on etrade

Answer 6

yes i know a way. you can get paid to surf the web with this,

http://bux.to/?r=tasrbow2006

Answer 7

Go to college.

Answer 8

I thought this might shed some light for you:

http://findarticles.com/p/articles/mi_m1...

Answer 9

your g*y and get a job

Answer 10

I guess a financial planner would say to invest it in a company through stocks/bonds, but I say a savings account. Don't touch it, leave it their and let it accumulate interest. It takes time to make money, but you're 18 so dont be in such a rush.

Also, dont gamble it because thats just throwin it away.

However, if you have a business idea or something to offer  then use it to make money and save it. Let's say you're a great musician, play at weddings, or any gig you can get into. Try craigslist.

Nothing illegal because doin right pays off in the end and you'll have a clean conscious (somethin that has no price tag)

Answer 11

you are 18 year old (legal age) so you can go and start to work you can find work in the newspaper or in websites at the Internet. hope that may help you.

http://www.google.com/support/jobs/bin/s...

OR in yahoo job: http://hotjobs.yahoo.com/

Answer 12

Spend a good year  or 2 doing research, learn the industry inside out. Only then could you perhaps find a realistic edge to trade the markets and make profit consistently.

Took me 3 years.

This business is extremely competitive, and you gotta learn to see things that the majority don't to make money. Even then you better hope that nobody else sees it, too to keep it "working". Good luck.