Lux Investing
What are some high yield investment ideas for a working teen?
I recently got a job and would like to invest my earnings. I'm looking for ideas and how to accomplish these ideas. Thanks!
Public Comments
- The best answer is to invest in educating yourself -- it's a lot easier to drastically improve your active income than your passive income, so save the money up for college in a relatively conservative place (a bank account, say).
- ticker dre or hig are good investments
- There are so many Investment idea in this field. But I suggest you to Invest in Insurance and Mutual Fund. If you want to take risk for higher return then Investment in Share market for both short&long term will be beneficial.
- I invest in income funds such as Franklin Funds income fund - NY exchange symbol FKINX. This fund also has investments in corporate bonds as well as stocks with high dividend yields. Another good choice is defensive stocks. These are stocks that do well in recessions. A list of these stocks is the following: http://www.247wallst.com/2008/01/defensive-stock.html An investment solely in stocks typically should involve money that you want to invest for the long term (at least 5 to 7 years). That usually gives you a profit even with the ups and downs of short term fluctuations. Other good choices are US Gov't securities such as Govt National Mortgage Association securities invested by Franklin US Govt Securities Fund (NY stock exchange symbol FKUSX) currently generating a yield of 4.7%. This type of investment is typically for shorter time periods since it's not that volatile.
