Or, study advanced calculus and statistics for a few years, live humbly, make some new friends (aka "college"). After that, buy a call option or other derivative with similarly high payout rates as gambling, but with a better edge. Place $300 bet, win, buy car.
Or blow it this afternoon, have fun, and whine for the next 60 years.
My friend owns a Bentley and Lamborghini, and owns his own business. He's a multi-millionaire now, and he's helping me do the same thing. I only had to invest $500-- if you want, you can personally message me and I can have him help you too.
The only people who should buy Ferraris are people who don't care about the money. They are supposed to sit in your garage most of the time as they are just stupid toys.
Something will come along and you will want to spend your money. In the meantime, you can go to the Vanguard website and read all there is to read about investing. They are legitimate and entirely online.
It will be many, many years.
Stocks and Investment only grow at a minimal amount of interest. 3% to 9% annually. So $300 isn't going to cut it. I do suggest saving the money and when you have a job and you can start contributing to a real savings account then i would think about investing. Look before you can afford a Ferrari you will need at least $1,000,000 in assets. It's not just buying the car that's expensive, maintaining can cost you even more than the value. Not only that, insurance is insane.... About $2,000 a month... We all have goals and at 17, a fast car is always appealing, but the truth is, most people who have a Ferrari, lock it up and rarely drive them. Some of the rare models are good investments, but keeping them around is very expensive.
Get a job, save money, invest smartly and when you have enough saved buy a Ferrari.
Save money, invest money, and keep up the work. As simple as that.
I'm 17 plan on going to college and working in finance, my uncle is a stockbroker and my aunt is high up in an investment bank and she said she could 'get my foot in the door'
I currently have 300 euro which I've no need for nor can I get a job a there is none!
How can I invest my money to put towards a ferrari?
(Stupid investment but I'm thinking of it as a goal that I may find better use for the money)
I want to start a bank account to save up for the initial cost of the ferrari as my job could cover the rest of the expenses with ease (along with part the price)
So what to do?....I've a basic knowledge of stocks too, so I know 300 is a measly amount to invest...
