Tuesday 25 October 2011

Im a teenager and i Have around $500 i want to invest with what do u suggest i do?

I would find a good broker or a financial advisor (the latter is at a bank). I would tell him what I want to do. He should be impressed by a thrifty teenagerand recommend a mutual fund or something.
He should work out a savings plan with you, one you will feel comfortable with. Mutual funds buy up large amounts of stocks and bonds with saver's money. Avid a front end load if you can. With a
FEL you have to pay up front to buy in. Go talk to a fnancial advisor whether you buy a fund or not.

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