OK, so I'm a 16 year old and my goal in life is to become a true capitalist by profiting from business, real estate and other investments. My life in two minutes is that I'm going for my license in October and I currently have $2k. My parents (who are currently in the 'E' quadrant) said Christmas would be a better time for them to help me to fund a car. So that gives me $4k for a car during Christmas, but honestly I don't want to rely on my parents all of my life and I'd like to get an action plan going.
The car I want to purchase is a used Porsche 944 Turbo from the '80s. ALOT of people tell me I can't own a Porsche - because of my age, my funding, because its a Porsche! But since I love cars almost as much as I love business, I've researched and found a way I can own the car of my dreams at 16 with some help from my parents and maybe some small earnings from my own investments.
I've written a book that I WAS going to self publish through the internet, but everyones told me that I owe it to myself and to the book to try to put it through the traditional printing process. I'm currently looking for publishers while I edit it, but I know that this is more of a tool I can use for the future - not so much about funding my car fee this Christmas.
So with that said, I think I'm going to look into a short term (three month) investment venture. Just something to help my car fund. My current thoughts are penny stock investing. I'm currently reading "Micro Cap Investing" and I'll go 100% into researching this if penny stocks are what I want to pursue, but I'd like everybody else's opinions also.
ALOT of people have told me penny stocks are a no-no, but mutual funds are not aggressive enough and I can't afford to trade on the the NYSE. I think what I really want to do is start an internet business but I have no web design experience and I'm not sure how much it would cost to get things going. Keep in mind I have $2k, I might be able to afford to lose $500 of my total sum but thats it. And even if I did get a web site up, my book may not offer that much growth potential and I may want to look at a different product/service. I'm also very interested in real estate but I'm not sure how practical that is for a 16 year old, especially with the lack of respect I would get from bankers/realtors/sellers.
What do you think?
:thankyousign:
The car I want to purchase is a used Porsche 944 Turbo from the '80s. ALOT of people tell me I can't own a Porsche - because of my age, my funding, because its a Porsche! But since I love cars almost as much as I love business, I've researched and found a way I can own the car of my dreams at 16 with some help from my parents and maybe some small earnings from my own investments.
I've written a book that I WAS going to self publish through the internet, but everyones told me that I owe it to myself and to the book to try to put it through the traditional printing process. I'm currently looking for publishers while I edit it, but I know that this is more of a tool I can use for the future - not so much about funding my car fee this Christmas.
So with that said, I think I'm going to look into a short term (three month) investment venture. Just something to help my car fund. My current thoughts are penny stock investing. I'm currently reading "Micro Cap Investing" and I'll go 100% into researching this if penny stocks are what I want to pursue, but I'd like everybody else's opinions also.
ALOT of people have told me penny stocks are a no-no, but mutual funds are not aggressive enough and I can't afford to trade on the the NYSE. I think what I really want to do is start an internet business but I have no web design experience and I'm not sure how much it would cost to get things going. Keep in mind I have $2k, I might be able to afford to lose $500 of my total sum but thats it. And even if I did get a web site up, my book may not offer that much growth potential and I may want to look at a different product/service. I'm also very interested in real estate but I'm not sure how practical that is for a 16 year old, especially with the lack of respect I would get from bankers/realtors/sellers.
What do you think?
:thankyousign:
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