Invest Money?????

Question by storm_jordan: Invest Money?????
im 15 and was wanting to start investing money. I have always heard to start young and this i what i was planning. Can i buy into bonds/stocks? Whats the difference between the two and how much can i yield?

Best answer:

Answer by jirocpa
15 years old? I wish I had your ambition to do this when I was 15. Anyway, save your money in your local bank. You can open a brokerage account with a thousand. I suggest going to Vanguard.com and get yourself an education. Very informative, great customer service. You can get the yield info you want there too, but bonds will generally give you 4-6% taxable (so you net 3-4 depending on tax bracket) and stocks, historically are in the 8-10% range (but only in the long term-notice what’s been going on in the markets lately?) Also, “investing for Dummies” is a easy to read background before you jump in. Good luck, now is a good time to buy…

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