Hi,
I'm a 17 year old lofty school student beside a little amount of money newly a little over $200. I want to invest this amount but am uninformed of the firms or opportunities available for me near just going on for $200. Could someone please tell me what is the best bearing to invest this amount? Thanks.
P.S- please tell me of investments that are interest free. In other words I don't want to earn money on my investment via interest.
Answers: If I be 17 and wanted an investment that did not involve interest from a simple sandbank account or so forth, I would steal my money, and after carefully decide what type business I would use it to start a small business which earned money from providing a service or an inexpensive product. You might want to find a partner or two, and if they don't hold the same money to put up fashion sure you get a bigger share of profits because its your money at risk of loss. Starting up a small business could be the greatest experience and teaching you can get and head to really big money if you use the knowledge from your mistakes and successes the subsequent time you get a business opportunity.
Here's one example of how $200 might work for you - use it to buy gas and a used lawnmower and earn a couple thousand adjectives lawns this summer. Another idea, same piece with a used, elevated power pressure washer and either verbs tile roofs or detail cars. If you get biddable reports from customers the business will grow and you can hire other people to do the labor and spend your time selling, finding customers and counting the money. You can probably come up with several ideas that will turn $200 into greatly more.
Unlike your previous responses, I would not immediately reject investing contained by the stock market. The marketplace has historically be the best yielding investment, and although commissions will apply, they can by $5 or lower, and the erudition experience is most important so that you can apply your erudition for better investments when you have more money. Also memo that this $5 is only 2.5% of your sum, and the souk average is 10%. However, there are commonly fees for holding an account. If it is something you are interested within, you may want to visit these sites for stock bazaar information and brokerage info. Certain brokers do not require fees though, so you do have option. I believe the second site gives you 30 brokers to look at, and an outline of applicable fees. Good luck!
http://www.stockmarketresources.blogspot...
http://www.picktherightbroker.blogspot.c...
With $200 the stock bazaar is a definite NO. The commissions would be more than the potential gain.
I'd get a commission and invest when you have a few thousand save up. It costs money to invest, and with solitary $200 your earning potential for an entire month is probably the equivilant of working for 3 hours.
you will enjoy to wait until you are 18, and will involve more money to do any trading otherwise the commissions will hurt you (range from $5-$20 per transaction). Also many brokers enjoy a minimum requirement (some $500 some $2500). You dont' want to invest in stocks beside that little, but Forex is a very upright opportunity...
http://yarcofin.wordpress.com
hey, email me at cblandis88(a)yahoo.com
i think i can relieve and i have an belief i want you to look at and give me feedback!
gratefulness
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I'm a 17 year old lofty school student beside a little amount of money newly a little over $200. I want to invest this amount but am uninformed of the firms or opportunities available for me near just going on for $200. Could someone please tell me what is the best bearing to invest this amount? Thanks.
P.S- please tell me of investments that are interest free. In other words I don't want to earn money on my investment via interest.
What is designed by MINORITY INTEREST,?
Answers: If I be 17 and wanted an investment that did not involve interest from a simple sandbank account or so forth, I would steal my money, and after carefully decide what type business I would use it to start a small business which earned money from providing a service or an inexpensive product. You might want to find a partner or two, and if they don't hold the same money to put up fashion sure you get a bigger share of profits because its your money at risk of loss. Starting up a small business could be the greatest experience and teaching you can get and head to really big money if you use the knowledge from your mistakes and successes the subsequent time you get a business opportunity.
Here's one example of how $200 might work for you - use it to buy gas and a used lawnmower and earn a couple thousand adjectives lawns this summer. Another idea, same piece with a used, elevated power pressure washer and either verbs tile roofs or detail cars. If you get biddable reports from customers the business will grow and you can hire other people to do the labor and spend your time selling, finding customers and counting the money. You can probably come up with several ideas that will turn $200 into greatly more.
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Unlike your previous responses, I would not immediately reject investing contained by the stock market. The marketplace has historically be the best yielding investment, and although commissions will apply, they can by $5 or lower, and the erudition experience is most important so that you can apply your erudition for better investments when you have more money. Also memo that this $5 is only 2.5% of your sum, and the souk average is 10%. However, there are commonly fees for holding an account. If it is something you are interested within, you may want to visit these sites for stock bazaar information and brokerage info. Certain brokers do not require fees though, so you do have option. I believe the second site gives you 30 brokers to look at, and an outline of applicable fees. Good luck!
http://www.stockmarketresources.blogspot...
http://www.picktherightbroker.blogspot.c...
With $200 the stock bazaar is a definite NO. The commissions would be more than the potential gain.
I'd get a commission and invest when you have a few thousand save up. It costs money to invest, and with solitary $200 your earning potential for an entire month is probably the equivilant of working for 3 hours.
you will enjoy to wait until you are 18, and will involve more money to do any trading otherwise the commissions will hurt you (range from $5-$20 per transaction). Also many brokers enjoy a minimum requirement (some $500 some $2500). You dont' want to invest in stocks beside that little, but Forex is a very upright opportunity...
http://yarcofin.wordpress.com
I wasn't at my desk today. so, why is the bazaar up?
hey, email me at cblandis88(a)yahoo.com
i think i can relieve and i have an belief i want you to look at and give me feedback!
gratefulness
Resolved Questions: