Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Do you think it is a smart idea for a teenager to start investing money now?

I'm 14 and I want to start investing money now.. I know a lot more about business and finance than most other teenagers (because that's what I want to do when I get older) and I really want to sart investing now because even if I only invest like $1000 a year, I can still make a lot of money if I get a good amount of interest.. Also any tips for picking what to invest in?

Update:

Kat Heart I already have everything that i want (iPhone, MacBook, etc..) and the $1000 a year is just extra from stuff I didn't already spend. And also I actually like to do math compared to some other school subjects - I take honors high school math even though I'm only in 8th grade

4 Answers

Relevance
  • 8 years ago

    ****,you get 1000$ a year, not fair. Their is noway that you'll go into financing its boring and math suck - just wait till you get to calc, but yeah it would probably be smart to start investing now... or buy something cool like an iphone or candy

  • ?
    Lv 5
    8 years ago

    yes...most wealthy people invested early

  • ?
    Lv 4
    8 years ago

    its a good way to learn

  • Anonymous
    8 years ago

    Kill your self

    Source(s): Your gonna do it when your 30 anyways when the market crashes
Still have questions? Get your answers by asking now.