Why you should start investing in your teens, and why 20s are too late
With little to no money at all when you are growing up as a teen, you see a lot of opportunities come and go, just as I did as a teenager. I was lucky to have grass cutting excursions throughout my neighborhood since no one really wanted to do it. News about historical events and future events rarely affect your lasting vision. The history that is learned in schools is rarely true as well because of the slanted viewpoint of the author. And as quoted by many scholars "history is only kind to those who write it". News about the stock market is on every headline in today's Trump presidency. Pick up your cell and read e-books about the wealthiest people in the world and you will soon start to find out that investing started at an early age. Some prior to teenage years and some during. But needless to say, the ideal time for students to start investing is during the years that you clearly have the mental capacity to make clear decisions. The ideal time is clearly the time when you are able to live for extremely cheap with your mom or dad. While they are ususally obsessed with the idea of providing for you, and if you could prove to them that you are willing to start tracking funds for your own future the harder they will work to provide opportunities for you to do so.
What is the definition of investing?
"to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value. Or to use (money), as in accumulating something."
If you've never invested before, doing so at this age will only make you more aware. The stock markets are the second stage of the role in your investment plan.
What is stage one investing?
Stage one investing is simply opening a CD savings or high yielding online savings account etc. This stage allows for your money to accumulate safely. And with the growing flexibility of online access teens are able to access info wherever WiFi is available. Parents also have the ability to play a crucial role in this stage of investing. Things such as allowances can become a lot more fun and regulating according to what the agreed plan of action would be.
What is stage two investing?
State vs. federal has nothing to do with your ability to invest into the stock market. Rules and regulations are simple and easy concerning amounts invested. There are some accounts that will only open if you have $10K or more. And this is the starting level you want to find yourself starting out as in your 20s. Your mom or dad can also play a big role in helping regulate this of this magnitude simply because they are able to place your name of the account.
During this stage your are able to do many things and using your money the correct way is the first thing your should do. With opening an investment account you should also hire a person broker or investment advisor.
What is stage three investing?
Well stage three doesnt really have much to do with actually investing. But it has everything to do with the process of learning new and more creative ideas of investing your money and and making new money work for you. This stage is something that you can start on spare time while at school. It is creating a group that will be willing to focus on the process of making your money work better for you. Ex: creating a group that will take turns taking the pot of money the group built to help the savings numbers grow faster. - This only works with like minded people.
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