How should I invest my money?
Im only 16...and i dont work much throughout the week...but i formulate about 80 dollars a week.right in a minute im just putting it into my hoard account..what is a better model to do? thanks
Answers: Eighty dollars a week if save is more than most Americans twice your age are able to do.
As your funds grow, you might consider moving some of it into INFLATION PROTECTED U.S. Goverment Bonds which can be arranged for at the bank where on earth you do the savings. They are in the order of as good as you can do at the moment.
regard,
Texian
Make sure the inetrest rate on your savings article is greater than the rate of inflation (currently about 4.2%)...if not you are actually losing money. Good Luck.
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Answers: Eighty dollars a week if save is more than most Americans twice your age are able to do.
As your funds grow, you might consider moving some of it into INFLATION PROTECTED U.S. Goverment Bonds which can be arranged for at the bank where on earth you do the savings. They are in the order of as good as you can do at the moment.
regard,
Texian
Make sure the inetrest rate on your savings article is greater than the rate of inflation (currently about 4.2%)...if not you are actually losing money. Good Luck.