Investment tips?

Question

Name as many investment tips as you cans that will greatly benefit you in later life from the age of 15.

Apart from 'Saving your money up' unless you have ideas on what to do with it.

Answer 1

Open up a Roth IRA...at the age of 15 you have the benefit of a HUGE amount of time until retirement.  Even if you cannot put much into it, it will benefit you in 2 ways...

1. The earlier you start saving for retirement, the less you have to save overall because your money has more time to grow.  Even small amounts of money you save in a Roth IRA now will work much harder for you and grow larger than large amounts of money you invest later in life.  This is a GREAT time to start a sizeable nest egg with a smaller amount of money.

2.  It will get you in the habit of saving and "paying yourself first".  Most people are lucky to learn this by their 40's...which is when many buckle down to save for retirement and have to save a huge portion of their income just to be able to retire at all.

Check out "choosetosave.org" online and punch some numbers into their "Ballpark Calculator"...it will show you how hard you money will work for you if you start now vs. starting later in life.

Good luck!

Answer 2

Spread your assets, i.e. divide your savings into a minimum of six parcels  and invest each into a different product or share. Never put your whole wad into one investment ,no matter how tempting.

Buy quality.

Be independent. Not as easy as it sounds.Don`t follow the herd.

Never use "Everybody" when giving a reason for a course of action, as in "Everybody does it". This is the losers`  mantra.

Learn to read the numbers . Buy the numbers ,or not, never the hype.

No investment is as safe as houses. Houses aren`t that safe or we wouldn`t be wasting so much money on insurance, every year. Where can you get insurance for an investment of the same  value as a house, for the same premium? Nowhere!

Answer 3

When everyone is yelling about "the worst economy evah", and they cry we're in a depression, and they say that things will never come back and this recession will last for years.....BUY.

Answer 4

Not really a tip but something useful to bear in mind when rating a company share:

Founders with large personal stakes.

Financial statements that are easy to read.

A solid asset base with little or no debt.

Price ratios that significantly undershoot growth rates of free cash flow.

Dominant positioning in a profitable niche.

Plenty of room to grow