Investing young?

Question

i am 16 and have no job. my dad really wants me to invest in something to have a stable financial future but i'm not interested in the stock market. he gave me an investing account with $2500 in it that i'm only allowed to use for investing but i don't know what to invest in. can anyone help?

Answer 1

I was 14 when I started investing (though I had an interest). I would suggest investing in ETFs or mutual funds. ETFs (Exchange Traded Funds) are basically a piece of a big group of stocks. Instead of investing in stock individually, you invest in someone investing in many different stocks (It sounds a little weird). ETFs are similar to mutual funds but are a little different. I would suggest you buy some of both in many different sectors of the stock market. (Sectors are stocks which are grouped together, for instance all power plant stocks are in the energy sector, all bank stocks are in the financial sector, and all of the airplane company stocks are in the transportation sector) It is a good idea to invest in many different sectors so if one sector does badly (some sectors will do well while other do poorly depending on the circumstances) you will not lose a lot of money.

Answer 2

To my mind the best way to invest money is to invest in someone's business. It's safer and more profitable. I have invested in good business and now I am getting guaranteed 40% annual interest.

Note: I don't need your money but you may contact me for a good advice.

I wish you success in your investments!

Answer 3

that stock market is really the best way to go. If you want something easier and more secure look into mutual funds. mutual funds are like a  well balanced stock portfolio that a broker manages for you.  

you can also look at setting up  a CD (certificate of deposit) account. this is a savings account that gives you a higher interest rate than a regular savings, but you can't touch it for a given amount of time (usually 3 years minimum)

another option is government bonds. bonds are like lending the government money and getting more back later

even just putting the money into a brokerage account will usually give you something. my account, on schwab, allows me to write checks on the money in there and earns a small percent interest. this isn't the money put into stocks. just the money pooled together.

a lot of brokerage firm will also allow you to combine different investment forms. schwab does for me.

good luck

Answer 4

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GOOD LUCK