What business with high Return of Investments would be great for me? I want my money to grow for the future. Your answers will be greatly appreciated. Thanks
I would suggest that you gain as much knowledge as you can about business and investing before you make any decisions. Put your money into a savings account until you find an investment that you understand and accept the risks.
28
Oct
Posted by: admin - 5 Comments
5 comments for “I am a 16 year old student and I was able to save $2000. I want my money to grow.What business do you suggest?”
.1
anthony s
I would suggest that you gain as much knowledge as you can about business and investing before you make any decisions. Put your money into a savings account until you find an investment that you understand and accept the risks.
References :
http://www.financial-realities101.com
.2
HL
It all depends on your risk tolerance. Are you willing to risk losing all of your money?
If not, I suggest a relatively safe investment vehicle like an index fund or ETF that tracks the S&P 500. Even safer investments are CDs and government bonds.
A good place to get basic information about investing is http://www.fool.com. Go to their Fool’s School section. They have good information there.
Congrats on saving $2000 at such a young age. I hope you develop a life-long habit of working hard, saving, and investing. Blessings!
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.3
rickg155
Nintendo.
Their stock has been going straight up, and they’re not even currently meeting demand.
References :
.4
Ted (Canton,OH)
try this website http://www.destinyforex.com
it’s coming out very soon in next couple weeks. It will make you about $1,000 per month return.
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.5
Frank Castle
Open a brokerage account at Zecco and invest in Sony, Microsoft, Nintendo and Apple.
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