Hello,
I'm 16 and have a little bit more than $10,000 to my name right now. At the moment, it's just sitting in my bank, earning mere cents in interest. I tried to invest in the stock market, but when I lost $800 (the first few hours after I bought the stock, I was up about $300. I got greedy and didn't sell it when I should've and ended up losing my entire initial investment), my mom said I could no longer invest until I got older. I want to invest this money in a low-risk environment (nothing minecraft or game related please). If anyone has any advice, feel free to share.
I'm 16 and have a little bit more than $10,000 to my name right now. At the moment, it's just sitting in my bank, earning mere cents in interest. I tried to invest in the stock market, but when I lost $800 (the first few hours after I bought the stock, I was up about $300. I got greedy and didn't sell it when I should've and ended up losing my entire initial investment), my mom said I could no longer invest until I got older. I want to invest this money in a low-risk environment (nothing minecraft or game related please). If anyone has any advice, feel free to share.
