What is/are the best investments for teenagers?

What is/are the best investments for teenagers?What is/are the best investments for teenagers?
Invest in Silver, often called ';the poor man's gold';. Silver used to be a monetary metal, and maybe some day it will be again. Back in 1980, gold sold for 850 and silver sold for 50. Then, one ounce of gold would buy 17 ounces of silver. Today with gold near 900, one ounce of gold will buy a whopping 55 ounces of silver. It seems to me that silver, in terms of gold, is ';too cheap.'; Silver will continue to be a great investment for at least a few more years because of these factors: (1) US Dollar is declining in value, (2) Fed continues to lower interest rates, (3) Inflation is rampant mainly due to the fact that the US Dollar is declining and other countries economies are growing rapidly, (4) Deficit is growing, (5) China and other countries want to diversify out of the US Dollar and into gold/silver, (5) the bull run in gold/silver has been strong for 5 years now and has yet to reach its final parabolic phase.





Silver has made about 40% annually since 2002, and will continue to make that much until nearly everyone has heard about it and feels confident about investing in it. The FINAL TOP is nearly in when you hear it on the nightly news almost daily or it appears as the cover story on Business Week, Newsweek, and/or Time Magazine. This usually goes with the theory that everyone that will buy in has bought in, therefore, what you are left with are mainly sellers. Until then, you will make very good money in Silver.





Silver is EXTREMELY easy to buy and sell. Just go to your local coin shop and ask for ';silver bullion';. You want to buy 1oz or 10oz bars. Don't mess with the old Peace or Morgan dollars because the buy/sell margins are higher, plus there is less demand for them from a coin dealers perspective. If you have a trading account, you can buy silver with ticker symbol ';SLV';. The great thing about SLV is you don't need to store it physically and you can trade it immediately.What is/are the best investments for teenagers?
I dissagree with property. Home values average only about 3% per year which is the same as inflation. The stock market is best for returns, but you have to diversify. I would suggest an ETF that tracks the total market. You may not make a ton of money, but it's a good starting point. Vanguard sells some with very low expense ratios. That would be my suggestion. Otherwise ishares offers similar ETFs.
A stock index. It's a basket of stocks that are held rather than bought and sold on a whim like in a mutual fund. The operation fees (a percentage the creator gets which is how the creator gets its money) of the indexs are often back loaded so you pay the creator of the index when selling and are generally much cheaper than a mutual fund. The only trouble is some indexes require more money per share than what a teenager can afford. That's where ETFs come in. Some track these indexes and yet require less money to get involved with them. Over the very long term they can build up and that's why being a teenager is the time to buy. Let's say one put down $1,000 on an ETF at aged 16 and it grew 9% compounded average for 50 years. At that time it would be worth $74,300. At 12% (the historical average of the SP500 over about the time) it would be worth $289,000. If one could aquire $20,000 at age 16 at 9% interest it would be almost $1.5 million and at 12% interest it would be almost $5.8 million. That basically means you used $20,000 to fund your retirement or at least most of it.


Of course the sad part is, most 16 year olds don't have access to $20,000. They do probably have access to $3,000 a year for 7 years. At 9% that's still $1.2 million at and $4.3 million at 12% age 66. With a Roth IRA (starting at age 18), there is no taxes when taking that money out.
Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.





These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.





They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.





I strongly recommend looking into it. They are great plans.
buying stock. it will build up faster than anywhere else you would put your money
I don't know what these people are thinking saying property. 1) You can't legally sign a contract, so can't buy property. 2) I think you are thinking about investing a significantly smaller amount than a property would require.





Try a savings account, and maybe a CD with your bank. Consider opening an account with an investment firm. One of your parents will need to be on it as well, but that isn't a big deal. Start with simpel money market investments and watch the money grow. There are programs that are specifically designed to save for college expenses or other major life events.
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A small piece of property, far out enough that you can afford. And then just hold on until your old age. Don't sell.