I'm 18 and I have 200 dollars plus around a thousand in the bank. What's a good way to spend it? I don't have to worry about expenditures like university or rent since everything are paid by my parents. I'll be leaving to stay in the Philippines for 2 years starting january so I was thinking of investing it in stocks here at Canada. Any advices out there?
Save it for the Philippines! That should be fun.
Last edited by Tzuridis; 11-27-2010 at 02:42 PM.
- Wise men say only fools run stray.
- So a man and a giraffe walk into a bar, the giraffe gets really drunk and goes to lay down. The bartender says "whats that lyin there?"
The man says "thats not a lion, its a giraffe."
booze and one armed no legged Philippine prostitutes
Just put it in some low risk government bond(not Nigerian etc) or whatever. The interest will beat inflation and you don't have to worry about it like you would with stocks.
Or invest in gold :P That's always a safe bet, albeit not a very profitable one short term wise, or in small volumes.
Gold is like $1245 an ounce now or whatever, I think I said about 6 months ago on these forums that you could get a better investment elsewhere, but apparently I was wrong as the gain was still p nice. Anyway, I still think it's a "bad" investment, lots of small investors pushing up prices, despite increased gold production from places like china and a few other things
you will probably still get a nice return on it though, just don't buy all the media hype about gold giving high returns and being completely risk free to boot
save it, 1200 isn't much at all mate.
Stay premium, gentlecolts.
just to make things clear. these aren't even savings. these are just extra funds, i still have a separate account for savings. i'm willing to spend around 1200 for an investment. so yea. any really good ones? that allows 18 year olds to invest :P