Investment For A 16 Year Old?
January 312010
I’ve had a job for about a year now and i’m getting close to 4000 dollars. At first I thought i’d buy a car but what good would an old used car do a few years down the road, i’d just have to buy another one in a few years plus pay for all the repairs. So investment struck my mind. I’m only 16 though and have about 4000 dollars with a limited amount of income. This will be my first time investing and I’m not really sure how to do it and have some questions?
Can a 16 year old invest?
Do I have to invest through a broker? How does that work?
Is that enough money to invest in real estate? Is it possible to join in with other people investing in realestate?
Should I wait to invest because of the bad economy?
I know there’s also mutual funds but that doesn’t really appeal to me.
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.
Tutorial to show real estate brokers how to register and post their company profile on Agent2Broker.com to start hiring new real estate agents
Mike McNamara, a home mortgage consultant with Koenig & Strey GMAC Real Estate and Wells Fargo Home Mortgage, talks to YoChicago.com about some of the changes that will take place in the FHA approval process starting Nov. 1, 2009. He also discusses some of the conventional loan options offered to buyers through Wells Fargo, including loans requiring just 5 percent down payment on new condominiums for qualified buyers.
Promo for the Real Estate Property Shop Network’s Maintenance Division
Real estate for sale at 7 Aronimink COurt Dover Delaware 19904 – for more info visit http://vt.realbiz360.com/Listing-276726.html
http://www.melissaclements.com Melissa Clements & Associates presents this stunning Fort Walton Beach real estate gem on the waterfront. A spectacular and elegant Bob Fisher custom Built home in the heart of Ft. Walton Beach sitting on 157′ of choice waterfront on Cinco Bayou!! This estate has 2 Boat slips – one large enough for 50′ yacht along with a remote control lift, covered slip for a 22′ pleasure boat. There’s a Seawall and riprap along shoreline. The solar heated Cox-Built gunite pool, jacuzzi and fountain are stunning at night with lighting accenting each in a 2 story screen enclosure. The lanai has it’s own outdoor covered kitchen with jenn-aire grill, refrigerator and the cabinets are corian. There are storm panels to enclose the area from the elements and A/C ducts to cool you and your guests if desired. Inside, you have soaring ceilings, indirect lighting, mirrors, and crown molding with Built-in appliances. Satellite, CATV cable, and networking for computers in every room. Surround sound already wired. Hot water loop for instant hot water. 3 a/c units with 5 zones and 3 gas fireplaces. Kitchen has the finest equipment. Asko ultra-quiet dishwasher, Thermador instant heat range, 2 GE top of the line ovens, built-in side-by-side refrigerator, Corian counters and gorgeous cherry cabinets. Family room has a built-in tv, gas fireplace and at one end a wet bar. All corian counters with etched dolphins, Scottsman ice-maker, refrigerator , wine rack, liquor rack, sink and dishwasher. Master suite is huge; gas fireplace with remote, sitting area overlooks pool and bayou. There are too many features to list in MLS. Quality , perfection and attention to detail are evident from the dock to the pool and throughout the home. Brought to you by Melissa Clements & Associates. Serving scenic highway 30-A, fort walton beach, panama city beach, miramar beach, and destin florida. For more information on this or any other Emerald Coast real estate property go to wwww.melissaclements.com or call us directly (850)699-9628
http://www.dodeals.com/preforeclosurelistings How to Profit from Wholesale Deals Real Estate Investing Strategy. Wholesale Deals Listings. wholesale real estate investing. buy real estate wholesale