Nimoligist wrote Okay so today and yesterday, ive made a lot of money going to coral, betfred etc..

I started on 4gbp, believe it or not. So almost 10,000% profit, no way am i going back in there, but anyone have any working/decent/good investments as a teenager that i could do?


don't obviously say bank it, save it, give it away etc. im being serious =) thank youuu.

The problem with being a teenager is that most are extremely short sighted. Most just look at what's right in front of them instead of the long term, yes I include myself........when I was a teenager.........a long time ago. Most people spend because of emotion. Take some time before you even spend any of it. Unless you really need it for living put it away instead of making things up that you need. Figure out what the difference between what is a "Need" and what is a "Want".

Instead of going for immediate items look at what you will need in the future.
Vehicle (figure out what the total cost of the vehicle will be: insurance, fuel, maintenance...etc)
Tuition for a course of study that you may be interested in
Holiday fund
Gold or another precious metal (Gold is never a bad buy. Just track the price for a while and figure out when the best time to buy)
See what the interest rates are for Bonds or other types of accounts for UK banks. Sorry I am not familiar with what types of Savings/IRA accounts are in the UK, but do some research on it. [ Register or Signin to view external links. ]
Go to your bank and inquire about where you can put your money, it will be a free service and you will be able to get a fix on what is out there.
Split up the money 50% investment 40% Savings account 10% Immediate spending (Checking account)
400GBP is a good amount of money and can benefit you in the future, if you let it

Just my advice. Congratulations in any case.



Groovy

Do wat casca sed, unfortunately the majority of decent fixed rate bonds on saving accounts requires you to deposit 2,000gbp+ in UK.

You could always invest in, dare i say it, Bitcoin ada)

Prices are always fluctuating up/down so there is definitely short-term profit to be made, invest, sell, invest sell etc. I did that to get out of debt heh.

Its upto you, your money mate.

Casca wrote

Nimoligist wrote Okay so today and yesterday, ive made a lot of money going to coral, betfred etc..

I started on 4gbp, believe it or not. So almost 10,000% profit, no way am i going back in there, but anyone have any working/decent/good investments as a teenager that i could do?


don't obviously say bank it, save it, give it away etc. im being serious =) thank youuu.

The problem with being a teenager is that most are extremely short sighted. Most just look at what's right in front of them instead of the long term, yes I include myself........when I was a teenager.........a long time ago. Most people spend because of emotion. Take some time before you even spend any of it. Unless you really need it for living put it away instead of making things up that you need. Figure out what the difference between what is a "Need" and what is a "Want".

Instead of going for immediate items look at what you will need in the future.
Vehicle (figure out what the total cost of the vehicle will be: insurance, fuel, maintenance...etc)
Tuition for a course of study that you may be interested in
Holiday fund
Gold or another precious metal (Gold is never a bad buy. Just track the price for a while and figure out when the best time to buy)
See what the interest rates are for Bonds or other types of accounts for UK banks. Sorry I am not familiar with what types of Savings/IRA accounts are in the UK, but do some research on it. [ Register or Signin to view external links. ]
Go to your bank and inquire about where you can put your money, it will be a free service and you will be able to get a fix on what is out there.
Split up the money 50% investment 40% Savings account 10% Immediate spending (Checking account)
400GBP is a good amount of money and can benefit you in the future, if you let it

Just my advice. Congratulations in any case.



Groovy

I would go with what this guy said as well. Would make things a lot easier in the long run. 400GBP can only go so far as well. Remember that. As for investing not much I can say there honestly. Here is what I would say though, think about stocks in major or small or corporate business such as walmart. Make sure you check the history on the stock see if its rising or declining before you buy. Another thing you could do if its you is if your good at something etc cooking repairing things heck even doing crochet. What you could do is buy things or items you would use to make food or repair what ever it is you can repair and go to your local flea market. You could also buy small or big items and sell for a bit more then what you bought it for. It would be slow profit at first but you would get there in due time. I just recently went to the flea market as one of my friends set up shop there and in one year she made 70 thousand us dollars just from making hot cakes boiled peanuts and coffee and selling them for 1 dollar or more she put a lot of effort into it. So you never know