What should a15 year old invest in?

Question

I am 15 years old and I want to invest in something while im still young. I was thinking about ETFs or Mutual funds. I was wondering if I am old enough to invest in anything? Also how do i do it? Can i do it online or do i have to go to the bank?

If you have any other suggestions for me that would be great!

P.S. right now i have about 1000 dollars to invest.

Answer 1

At your youthful age, you would need your parents to do the investing for you since you are not able to enter into a contract until you turn 18.  I would suggest starting out relatively slow.  Perhaps CDs from your local bank would be a good place to start.  I wouldn't delve into mutual funds or stocks until you know exactly what you are doing.  You can lose money easily there.  I would also suggest that if you are serious about getting started in investments, you consult a financial planner who can help you choose the best route for you to go.  Again, at your age, your parents would have to make all these transactions for you.  Good luck!

Answer 2

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

Trading For a Living by Alexander Elder

Mastering the Trade” by John Caster

How to Make Money in Stocks” by William O’Neil

The Disciplined Trader by Mark Douglas

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.  (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why.  This site has some basic information for beginners. If any site offers free information, take it.

MSN MONEY has an entire section of Mutual Funds and another on ETF.  Both of these sections should be of great help to you.

Other website that can provide instructions and help with procedures and terminology are

Investopedia - http://www.investopedia.com/  Stock Charts - http://stockcharts.com/

http://www.investorshub.com/  http://www.1source4stocks.com/



The markets in Canada work the same as those in the US, and besides Canadians can and do invest in the US markets.

You thinking is correct for now, but just study and learn all you can about investing and you'll do very well

Good luck on your journey, I hope I was of some help

Answer 3

Get with someone at least eighteen years old & invest in your serious future, DesignYorLifeStyle.biz, make yourselves 10k/wk like I am, Check out this press release:

Answer 4

In current market environment, do not jump into it yet because it is going to get worse before it gets stabilized.  If do want to invest, ETF is a good area to go by picking those funds such as RSX (ETF of Russia with very low PE), EWZ (ETF of Brazil with has great natural resource, oil, ...) or FXI (ETF of China which has GDP above 8% for the next 5 years).

Meanwhile, if you do have a vision to invest, you should invest in yourself in education! American school system sucks with extremely high high school dropout rate. When you think about we have 30% of US army are high school dropouts and we have outsourced so many jobs to India and China, education is the only way to save oneself when he/she can not save the whole country!

Answer 5

Investing in your education is by far the best investment.

Answer 6

You should invest in what an older person should invest in.

If you go the mutual fund rout, right now the tax free municipal bond funds are doing well. When stocks go down, bonds go up. The neat thing is, the money you invest has already been taxed and the interest you earn is tax free. You can, and probably should, set this up so the interest is re-invested.

You will most likely have to go to a bank or other broker to start your account. After that, you can do it either online or through snail mail.

Ask your broker about no-load funds.