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 :)

  • YourAverageExecutive@alien.topBEnglish
    1·
    1 year ago

    Great job! I worked during my teens and started businesses back then. Put it in a high yield savings account (hysa) if you can hit a deposit. You could also invest in a stock market. Just make sure you put it into an index fund and don’t touch it for a long time. Good luck! In 10 years, just in an index fund, it could be worth about $5,100.