Investments

Investments

As teenagers we face the issue of not being allowed to invest in many things. Banks do not take us seriously and therefore we cannot take out loans whether that be for a business plan or a down payment on an investment property. Fortunately there could be ways to get around this. You could get a "joint venture" this is when you invest in a property with one or more people and it is a legally binding contract however investing in property is not something that you should jump into, it would be advised that you start off with a family member so that they can guide you through the process but even better would be to do that and attend a property investment course, choose carefully because many of these courses will try to sell you property and other things, which really is not a good idea as they need to truly be invested in helping you with your future. To find this out you should ring them up and talk to them before enrolling and paying all that money. It is also possible for a teenager to invest in shares of a company however this comes with certain risks and is a slightly complicated process, you should always talk to an adult or a financial consultant of some kind before investing in shares. To invest in shares before you are 18 you will need to get an adult to buy the shares on your behalf and even then they will usually need to go through a share broker to buy and sell shares on the Australian Stock Exchange (ASX) []



"In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk." ~ Rich Dad Poor Dad