Teenager|Articles, Videos and Answers about the Teenager
Apr
17
Filed Under (Investing) by teenager
donaldblake2007 asked:
What are some good ideas for a teenager who wants to save money for the future? I’m looking for any ideas as to what to invest your money in or anything on saving money for the future. Any ideas would be appreciated.
ELLIOTT
What are some good ideas for a teenager who wants to save money for the future? I’m looking for any ideas as to what to invest your money in or anything on saving money for the future. Any ideas would be appreciated.
ELLIOTT
Comments
dinu_pawar on 20 April, 2007 at 9:22 pm #
go 4 balance / commodity mutual fund
Jelly Roll Capital CFA on 23 April, 2007 at 5:30 pm #
If you save up a couple hundred dollars ($500 is probably the minimum for buying one position, and it is the minimum for Scottrade, which is a highly recommend discount broker) you would probably be wise to invest it in a broad market ETF, especially if you are new to stocks and don’t feel comfortable picking individual ones yet. You can learn a bit more about ETFs and their function in a portfolio from this article:
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