Penny Stock Etf
Financial planning/advice?
Im 16 years old. I am interested in investing and I have my own stock portfolio that was worth over $220 000 at one point. I have invested in a diverse range of stocks. Some penny stocks, while others are blue chip. I plan to further my education when I graduate high school, and get a bachelors degree in accounting, finance, or economics, and then an MBA. After that I want to be a stockbroker or investment banker or maybe a mortgage broker, and invest heavily as well.
Is there any advice you would give me that I should do financially until im 25? ie. ETF’s? GIC’s? Buy real estate? What types of stocks should I look for? ( I live in Canada)
First of all, WOW great job! Your portfolio and knowledge ALREADY surpasses 95% of adults!!
I’m a big fan of ETFs (exchange traded funds) and closed end funds. I also believe that, if you buy right, real estate will always be a steady plodder.
Like one of the answers below, I believe in utilizing the knowledge and expertise of a good investment advisor. I have been in the financial and investing field, but I no longer consult. I do, however, know of many advisors.
I recently interviewed (for my website) an awesome money manager that has been in the business for about 30 years. The link to the interview is below (and his contact info is at the end of the interview on the blog site).
http://justthefinancialfacts.com/2010/02/06/tips-from-a-top-money-manager.html
I hope that helps! You are doing sooo many good things.
On a side note: I’m not familiar with Canadian laws regarding financial advising. But in the US, you can get your licenses before graduating (or even going) to college. It may be something you want to do in the summer (study for and pass the different exams).
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