donaldblake2007: What are some worthwhile investment options for the future of a teenager?
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.
Answers and Views:
Answer by dinu_pawar
go 4 balance / commodity mutual fund
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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