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15 year-old with $1400.. what should I do? (alien.top)

submitted 2 years ago by real-venomrl@alien.top to c/entrepreneur@indiehackers.space

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As the title said, I’m 15 years old and have AU$1400 saved up. I no longer have a job and am working on a small business of mine, which has just $300 in revenue in the last few months.

The reason I’m here is because I’m not sure if I should invest in some compounding assets or something else, and if I should educate myself on stocks/dividends before making a decision?

I have read finance books such as Rich Dad Poor Dad, the Warren Buffett Way, and others, so I do know a lot about finance/business considering my age.

I previously had a job as a dishwasher for AU$16 per hour, and so I got $1700 from that after working for 5 months.

If I should ask this on a different r/, please direct me there so I can figure out what I should do :)

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[–] Enkis_Champion@alien.top 1 points 2 years ago (1 children)

If you’re 15 and you’re thinking like this I’ll tell you already that you’ll be successful. As for your $1500 first ask yourself whether you want immediate and high ROI with high risk or a more balanced long term approach. If it’s option A, look into options trading. If it’s option B, look into assembling a small portfolio and invest in index funds. Option C is another low yield option, but very safe; US government bonds. You’ll get back 4 ish %. Also get on LinkedIn and join groups where CEOs and finance leaders like myself share opinions, views, and data!

[–] real-venomrl@alien.top 1 points 2 years ago

Ok I’ll look into that. Thanks!