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

submitted 11 months 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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[–] Tasty_Row5435@alien.top 1 points 11 months ago (1 children)

Honestly if you don't need the 1400 now educating yourself in some stocks is a pretty good idea. NFA. Do your own DD see what you like and make a decision but in the end it's your hard earned money so do what makes you feel good.

[–] YourAverageExecutive@alien.top 1 points 11 months ago (1 children)

At 15 they should educate themselves on stock. Sure, but why not just use a tool that lets them fake invest to play around in the market - tons out there? Then, IF they are comfortable, use the funds they’ve saved and earned interest later on. No need to waste $1500 on learning the stock market. Just me two cents.

[–] Tasty_Row5435@alien.top 1 points 11 months ago

Thats a way to do it too. Hence doing own DD and doing it when comfortable. I tend do think it's better to be aggressive when your younger with money cause at least they have opportunity to make more money by working if its a flop but that's just my thoughts do whatever is comfortable. Imo