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How can a 19 year old turn 55k into 100k before 21?
I save about $1000 a month from my job.. Assuming I stay at my job, in two years I'd save an additional $24,000, totaling $79,000. Still not enough! How can I double this in 2 years?
For those wondering, I saved money from working as well as trading options. I've calmed down on options trading recently since I reached a 7% gain after being negative 40% and currently sticking to purchasing shares and holding for the long term. (Currently have $19k invested).
Tips? Advice?
3 AnswersInvesting5 months agoHow can a 19 year old turn 55k into 100k before 21?
I save about $1000 a month from my job.. Assuming I stay at my job, in two years I'd save an additional $24,000, totaling $79,000. Still not enough! How can I double this in 2 years?
For those wondering, I saved money from working as well as trading options. I've calmed down on options trading recently since I reached a 7% gain after being negative 40% and currently sticking to purchasing shares and holding for the long term. (Currently have $19k invested).
Tips? Advice?
5 AnswersPersonal Finance5 months agoWhy do people advise against the dividend capture strategy?
I've been doing it for the past 3 days and have been profitable after selling the stock on the ex-dividend date and made money off the dividend as well.
I've seen people say the stock drops to reflect the dividend but that hasnt happened to me yet..even if it did, we can always hold the stock until it recovers back up.
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Budget $800
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Budget $800
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Anyways, aside from the stock market, what can I invest in? I was thinking about property but I don't think I have enough and I'd have to educate myself more on real estate. Leave some suggestions
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