INVESTING YOUNG PAYS OFF BIG LATER
Q. : I'M A TEENAGER. WHERE SHOULD I INVEST MY MONEY ?
A.: College money shouldn't be in stocks, because the market could drop in the short term.
Long-term investments can patiently ride out downturns, so consider keeping money
you won't need for five or 10 years in stocks. Short-term investors should stick to safer
plays, like money market funds or CDs.
You're smart to start young. Let's say you 're 14. you invest $500 in a stock index fund
and it earns the market 's historical average annunal rate of 10 per cent. In 30
years, when you're only 44 it'll become $8725. Sock it wasy until retirement at 65
and it'll be nearly $65000. Add to it over the years, and you're looking at early re-
Teens ( and clever preteens) can learn more at www.teenvestor.com
Fool Investment guide for Teens: 8 steps to Having More Money Than Your
Parents Ever Dreamed of ." by David and Tom Gardner with Selena Maranjian
DO YOU WANT TO DEVELOP YOUR MUSICAL SKILLS?
Stanley Derrico with Derrico Productions is offering singing as well as lessons
for youth interesting in learning a new instrument. For more info :