Teenager Wants to Start Investing!

Hi Phil,

You do have the option of learning how to be a trader and manage your risk, assuming this is something you will find challenging and interesting, and you have the time.

The car space idea is one of a many possibilities - but this one locks up your money, is very hard to change to another finanical strategy, has the lowest level of diversification, even the most optimistic figures look barely attractive, and not without risk, and is not free of complications and paperwork and ongoing costs, and it is useful to factor in cost of time for office duties and protecting and assessing your investment.

My daughter is learning how to trade options, forex, local CFDs, foreign CFDs, and shares, in the hope of being freer to leave her normal job and to work from home while being a new mum, while her beloved partner continues with his satisfying job. There will be times of conflict of interest in how she spends her time, and gets help from baby sitters, but she believes it is a viable plan, and one she feels will be satisfying, gives her an intellectually challenging life, and places her in a community of fellow learners and practitioners.

bailx said:

Don't park there get a Education and do what you want?!!!!!!!!!!!!!!!!!!!!

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Put 2-5 K into a FX & Binary Opions trader, Find a Broker. Play and learn the market. Don't Lose, that's Imposable! Invest 5 k into Equity Smart. Done right You are a very rich man.................

First of all I would like to apologize for my recent absence. Things got a little busy.
@bailx
Hi and thanks for your interest .
I am quite keen to start trading but I don't believe I have the time in the next couple years. I'm in year 11 and taking on pretty hefty subjects. I think I need to
@ganorix
I agree with you. I believe I need to learn a lot but now probably isn't the best time to do so.
Thanks, also, for providing me with that information of parking spaces. I understand that the returns aren't great and there is work/risk involved in such an investment. But I think am just looking for something better than leaving it in a term deposit now.
I spoke to someone my bank and they offered me 4.35% for 6 months on my 15k~ account. I didn't negotiate, just asked him for a number, got his card and left. What is the standard for term deposits? A couple of my friends say they get ~5.5%.
And you mention the support of paid advice. By that do you mean getting a broker who will help you make the decisions or doing a course on trading?

Thanks

philworld said:

I spoke to someone my bank and they offered me 4.35% for 6 months on my 15k~ account. I didn't negotiate, just asked him for a number, got his card and left. What is the standard for term deposits? A couple of my friends say they get ~5.5%.

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Philworld, have a look here:
http://www.infochoice.com.au/
Compares deposit rates for at call and term deposits.

And congratulations on getting together that much capital at such a young age. Just so well done.
Best wishes.

philworld said:

First of all I would like to apologize for my recent absence. Things got a little busy.
@bailx
Hi and thanks for your interest .
I am quite keen to start trading but I don't believe I have the time in the next couple years. I'm in year 11 and taking on pretty hefty subjects. I think I need to
@ganorix
I agree with you. I believe I need to learn a lot but now probably isn't the best time to do so.
Thanks, also, for providing me with that information of parking spaces. I understand that the returns aren't great and there is work/risk involved in such an investment. But I think am just looking for something better than leaving it in a term deposit now.
I spoke to someone my bank and they offered me 4.35% for 6 months on my 15k~ account. I didn't negotiate, just asked him for a number, got his card and left. What is the standard for term deposits? A couple of my friends say they get ~5.5%.
And you mention the support of paid advice. By that do you mean getting a broker who will help you make the decisions or doing a course on trading?
Thanks

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Well or right lucky Phil! I'm not gunner change dipper bi rally fellow. Take a couple years bank interest, make sum low down interest rates. Give your self the mentality to accept time over measure. ( Very Good ) in the mean time educate yourself ( Very Good ). Sorry Boy!!!!!!! here comes WW111 . Swing & Price Action ain't the way to go. I f you have an understanding of the financial market and it prospects, take my a advice educate yourself!!!!!!!

I'm with ING Direct and they offer a bonus introductory rate of 5% p.a. for four months, it's one of the highest rates I can see in the market (short of going into a bank and charming you way to a higher rate). That could be a potential place to keep your money for a while.