Money and Finance
What Does Investors Have To Say About This?
Today, I received a short email. Upon reading, I was again struck with the realisation that I am not always the best person to come to for advice. Therefore, I'm putting this out there so that financial bloggers and readers of my blog may give their advice based on their own experience.
We shall refer to him as FR to protect his identity.
Hi there teenage investor. I guess we are on about the same age. I currently doing my final year and currently met with an accident. I really don't know where to start can you help me out cause I'm like having no savings except that I also put aside money through insurance whereby at the age 45 then I can take out the money, which mean for 25 years each month I have to pay a sum. Right now I really want to know what I can do to start investing. Thank you.
Dear FR, I'm very sorry to hear about your accident. Is there any reason why you have no savings yet? For your insurance, I have no idea of the benefits/cons of having that insurance plan for now. But you should start saving a regular portion of your allowance/pay, e.g. maybe 10-20% / month?
You can't invest without any capital after all. Maybe this will help:
http://teenageinvesting.blogspot.sg/2014/08/saving-during-your-growing-years.html
Additionally, some posts on my blog as well as fellow bloggers will help you a lot. But all these can't be done without any capital.
All the best FR.
Till next time,
Teenage Investor
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