As the title said, I’m 15 years old and have AU$1400 saved up. I no longer have a job and am working on a small business of mine, which has just $300 in revenue in the last few months.
The reason I’m here is because I’m not sure if I should invest in some compounding assets or something else, and if I should educate myself on stocks/dividends before making a decision?
I have read finance books such as Rich Dad Poor Dad, the Warren Buffett Way, and others, so I do know a lot about finance/business considering my age.
I previously had a job as a dishwasher for AU$16 per hour, and so I got $1700 from that after working for 5 months.
If I should ask this on a different r/, please direct me there so I can figure out what I should do :)
Honestly if you don’t need the 1400 now educating yourself in some stocks is a pretty good idea. NFA. Do your own DD see what you like and make a decision but in the end it’s your hard earned money so do what makes you feel good.
At 15 they should educate themselves on stock. Sure, but why not just use a tool that lets them fake invest to play around in the market - tons out there? Then, IF they are comfortable, use the funds they’ve saved and earned interest later on. No need to waste $1500 on learning the stock market. Just me two cents.
Thats a way to do it too. Hence doing own DD and doing it when comfortable. I tend do think it’s better to be aggressive when your younger with money cause at least they have opportunity to make more money by working if its a flop but that’s just my thoughts do whatever is comfortable. Imo