Investing Online for Teens
Investing online for teens should be suitable at the life situation teens find themselves in.
Teens need to think about building their lives before they can think about the long term financial prosperity.
Typical building blocks of people's life consist of buying a house, getting an education that leads to the job you desire, buying a car, and taking care of your family, which is expensive.
Many teens have been successful with plans that take aim at facilitating the next big goal in their lives, such as education.
If you start investing on your own for making college easier at, say 15, your investment horizon is therefore to the start of the college and expanding throughout the studies until you get to a job that will facilitate bigger incomes and more capital to further invest to reach your goals in life.
Having a shorter investment horizon usually means that people will opt for less riskiness and more safety of the capital in their investments.
This may mean making investments into the money market, for example, or equity linked notes that have a guaranteed capital, potential to rise as the underlying financial product appreciates, but having the capital tied for a predetermined period to the investment.
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