Investments?

Question

I just turned 18 and I have about $12,000 saved up. I am about to go to college and I decided that I want to put all of it into investments, so that when I get out of college it will go up some. Otherwise it will just sit in my bank account. What should I invest in that is safe and something that I don't have to worry about my stocks going bad/down??

Can I even invest at 18 or do I need a parent?

Answer 1

hello

normally in most countries by the age of 18 ya have the right to vote and liberty so i do not think that you need permission of yr parents. right now, the world market is going bad so i do not suggest you to invest in stocks and shares especially in private companies, cause ya have to monitor and study the market first. well i suggest either you open a fixed account maturing yearly or else if it is something long term since ya said by the time ya finish college the safe thing is to invest in government stocks.

Answer 2

You can at the age of 18. You can try mutual funds. Mutual funds are safe considering stock market and it gives good returns considering bank savings. There are many more investment options and learn more to become a good investor.

Answer 3

Yes, at 18, you can invest and you do not need a parent.  All you have to do is open an account at a broker.  I would suggest that you open an account at a discount brokerage firm because they are much cheaper than full-service ones.  If you want less risk, I would suggest you invest in either ETFs or mutual funds.  I currently use Firstrade and I would definitely recommend them.