Comments on: Investment For A 16 Year Old? http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old Sat, 28 Jan 2012 13:27:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: 2X http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old/comment-page-1#comment-1084 2X Tue, 22 Dec 2009 12:48:59 +0000 http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old#comment-1084 Keep $1,000 in a savings account and put the rest into an online stock market account. Scottrade is a good place to start. Before your money is available to start trading be sure to read and watch all you can about how the stock market and trading works. Good luck. oh yeah and don't even bother with CD's and money market accounts right now, the interest you will make on them in a year can easily be made in 2 minutes with trading stocks.<br><b>References : </b><br> Keep $1,000 in a savings account and put the rest into an online stock market account. Scottrade is a good place to start. Before your money is available to start trading be sure to read and watch all you can about how the stock market and trading works. Good luck. oh yeah and don’t even bother with CD’s and money market accounts right now, the interest you will make on them in a year can easily be made in 2 minutes with trading stocks.
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]]> By: eEz http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old/comment-page-1#comment-1083 eEz Tue, 22 Dec 2009 12:13:59 +0000 http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old#comment-1083 John J, it's a buyers market! Unless of course, you doubt the economy will ever pick up again.<br><b>References : </b><br> John J, it’s a buyers market! Unless of course, you doubt the economy will ever pick up again.
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]]> By: Italian girl http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old/comment-page-1#comment-1082 Italian girl Tue, 22 Dec 2009 11:24:59 +0000 http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old#comment-1082 You do have enough to invest in an REIT--real estate investment trust. They are sold like stocks. They pool money and invest in real estate. They come in various varieties. http://www.bullsector.com/realestate.html<br><b>References : </b><br> You do have enough to invest in an REIT–real estate investment trust. They are sold like stocks. They pool money and invest in real estate. They come in various varieties.

http://www.bullsector.com/realestate.html
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]]> By: Emislaurus http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old/comment-page-1#comment-1081 Emislaurus Tue, 22 Dec 2009 10:49:59 +0000 http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old#comment-1081 Best bet would be shop around for a CD (Certificate of Deposit). Stocks are risky at the moment, and are for more long term investments. Real estate is also shaky and for $4000 you really wouldn't be able to do too much. You can get a CD at any local bank, they usually hold your money for 6 months to a year and can tell you exactly how much money you will earn for letting them hang onto your money for that year. If you want to learn more just click the link I have.<br><b>References : </b><br>http://en.wikipedia.org/wiki/Certificate_of_deposit Best bet would be shop around for a CD (Certificate of Deposit). Stocks are risky at the moment, and are for more long term investments. Real estate is also shaky and for $4000 you really wouldn’t be able to do too much. You can get a CD at any local bank, they usually hold your money for 6 months to a year and can tell you exactly how much money you will earn for letting them hang onto your money for that year. If you want to learn more just click the link I have.
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http://en.wikipedia.org/wiki/Certificate_of_deposit

]]> By: elocin http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old/comment-page-1#comment-1080 elocin Tue, 22 Dec 2009 10:05:59 +0000 http://www.elicitfx.com/realestate-broker/investment-for-a-16-year-old#comment-1080 John, if you turn that 4000 into a Roth IRA, using only 2000 you would have quit a bit in 20 years, and the remaining two I would put in the bank and let it sit there until I had another way to invest it. You don't have to do it all at once.<br><b>References : </b><br> John, if you turn that 4000 into a Roth IRA, using only 2000 you would have quit a bit in 20 years, and the remaining two I would put in the bank and let it sit there until I had another way to invest it. You don’t have to do it all at once.
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