So...in order to move forward on your goals, you must first address these 2 points.
Age - you simply need to get older to get older. No way around it. This will help you to develop patience which is truly needed if you want to get better at investing. This will also allow you time to grow your account through contributions.
Ignorance - This seems to be an insult, but it is not. It is simply admitting that you don't know what you are doing. Therefore, you need to learn what you are doing, and this takes both time and effort, if you want to eventually understand what you are trying to do with your investing.
Now I didn't answer your question, the way you asked it, because there is no answer for what you are trying to do. It's like asking to predict the future - can't be done.
Or maybe a better analogy is like trying to take a semester final exam without studying the subject at all, and hoping that you will pass. OR you could take the time to study the material, until you had a clear understanding of it - THEN take the exam.
Good luck to you
The stock market is the best option for you. You need to invest very smartly in this field. You can earn a lot from this market. You are very young I really appreciate your dedication. Do some research before making any investment that will increase your chance of getting profit. Try to make one time investment which can give you life time earning.
How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
You CAN invest in shares,,, your mom or dad just have to open an account with you,,,,
They are called custodial accounts,,,
Hey Guys,
I'm currently 16 years of age. I have amassed a little over ￡1200 from my part time job. I'm looking at something to invest into which will gurantee a higher interest than I achieve at the moment. I'm currently receiving 1.69% return on my ISA with HSBC. As I'm under the age of 18 I cant invest in shares so that is out the picture. All i'm looking for is an investment which will give me higher return which is nearer to CPI (inflation).
I will be looking at fortnightly pay checks of around ￡150 which will all go into my investment over the next 2 months.
Any ideas guys??/
