You are a teen. You aren’t that familiar with investing. All you know is that you could make a lot of money with it. You have a part time job, but you don’t get paid very much. You wouldn’t mind making a little extra money. You think you want to invest because you hear you can make money from it.

Not sure if you should be investing your money at such a young age? To be honest, if you don’t know anything about investing, it doesn’t matter how old you are, you shouldn’t be investing.

Don’t invest a penny until you know what you’re doing. You need to first learn everything you can about investing and different kinds of investments. Read lots of books on different types of investing.

When you know all you can about investing, you will find out that you need to have money to invest before you can actually start investing. As a teen, you probably don’t make much money to begin with and feel you have more important things to spend money on.

If you just want to invest in order to make some extra money, you should find another way to make money. You will not make much if you keep spending it on other things and you are taking on more risk.

If you really want to invest and are seriously interested in it, first spend some time learning and practicing with the market. Save money while you are getting prepared so that you have money to invest.

When you are set and have at least a few hundred dollars to invest, set up a brokerage account and buy some stocks, bonds, mutual funds, or whatever you have learned all about and are ready to invest in.

If you are too young to get your own account, ask your parents to set one up as a custodian that you can take over when you are old enough. Continue researching and investing and you will see your wealth increase.

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