Where to Invest?

Hey, I'm a 15 year old Student from Europe. I made about 600-700€ with Social Marketing. School is coming up back again, and I can't really work on Social Marketing.

I was thinking about Investing it so I could maybe double it or make profit from it.


My question is, where can I invest my money to make some profit?


regards,
gotayu

Local bank?

You should rethink your strategy. Besides investing your money you should invest your time. The reason I said that is because you can make sales funnels on the internet that do all the selling for you while you are in school. Example: You could go to facebook, youtube and twitter. Promote a lead capture page and collect your following email addresses. While you are in school you can simply send emails to your leads to make money. My advice is you should build passive streams of income before you go to school

This will probably be uncalled for, but why don't you enjoy your days as a high school student instead of focusing on making money? You have the rest of your adulthood life for that! I would kill to be in high school again. Anyway, I'd spend 100-200 in shoes/clothes and put the rest in a bank account.

You made 600-700€ monthly or onetime and have free to invest it?

The absolute best time of your life to start investing, is right now! Yesterday would have been better, and the day before that, but right now is the best we've all got. It's truly awesome that you're thinking about this at younger age. Time is on your side, with the power of compound interest, to work for you! I hope you're retired by 30!

That's awesome that you understand Social Marketing. One route would be to do some product research, buy some test products on Alibaba, take some nice photos, and sell them for a profit through places like Shopify, eBay, Etsy, and Amazon. This is an area where you could use your skill to drive traffic to your product pages.

There are tons of options though, are you looking to actively manage a business or more, "set and forget?" High risk/reward, or low risk/reward?

Invest in app development, it will be multiplied.

TrioXxx said:

You made 600-700€ monthly or onetime and have free to invest it?

Click to expand...

over the course of a month

renn said:

The absolute best time of your life to start investing, is right now! Yesterday would have been better, and the day before that, but right now is the best we've all got. It's truly awesome that you're thinking about this at younger age. Time is on your side, with the power of compound interest, to work for you! I hope you're retired by 30!

That's awesome that you understand Social Marketing. One route would be to do some product research, buy some test products on Alibaba, take some nice photos, and sell them for a profit through places like Shopify, eBay, Etsy, and Amazon. This is an area where you could use your skill to drive traffic to your product pages.

There are tons of options though, are you looking to actively manage a business or more, "set and forget?" High risk/reward, or low risk/reward?

Click to expand...

i’m going to more on set and forget, even 20$ weekly or monthly should be fine, while I don’t have to do that much. It should just be a little passive income

If you're cool with risk, crypto currency will probably have the highest potential returns (and losses) in the long run. Think holding it for 10+ years.

If you want something more stable, making investments in something as simple as the SNP 500 (or a mirrored vanguard fund) should also work in your favor in the long run. From what I understand, Robinhood allows you to invest without having to pay commission on trades. Someone correct me if I'm wrong, but I think they're able to do this by bundling all the smaller orders as one large bulk buy? The gains/losses won't be mind-blowing like crypto, but it's probably a lot more stable. Why not both?

In your initial post you mentioned doubling your money. As far as, "set and forget" goes, crypto seems to be one of the only viable games where this is possible. A normal, good, year in the stock market is like 6%-12%.

Still, if you just kept this up over the next 40 years, $20 invested weekly, thinking a 10% annual return in the SNP 500, you'd have a cool $510k present on your 55th birthday.

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