Quote:
Originally posted by Sp0rAdiC
just gettin out of high school, summer job, $10 an hour under the table, and the profit doesnt have to be huge and fast(not like it would be anyways) im looking for more of a payout that i can turn around and invest in other bigger things and kind of... keep my money growing. and im willing to take a decent risk if the payout would be worth it. so like... medium risk i suppose, id rather not lose it all
Edit: and oh yeah, ive havent had to pay any taxes yet
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You could try a few things.
Large cap mutual fund, or if you're into real etsate a REIT (real estate investment trust, IIRC). Large cap is lower risk than small cap funds, and reit will get you "into" real estate, which has been doing fairly well lately.
As far as which funds, meet with a broker (go in with your parents in order to be treated a little better.) MAKE SURE that whatever fund you get into, the fees charged (total) are no more than 1% annually. Don't get screwed into some fund that might look promising, but eats up the returns with excessive fees.
And don't invest money you can't afford to lose. Some financial advice for a young wippersnapper.
Don't expect to get rich overnight, be realistic, Mr. Buffet!