How to Invest Your Pocket Money?

Recently one of my teenager friend asked me that, “How do I Invest my Pocket Money?”

Well, this is a really nice question. Because as a teenager you want to start investing. As a teenager you want to invest your money. While most of the teenagers are blowing off their money behind buying X-box 360 or doing parties, it is good that some teenagers are thinking about investing their money at this much early age.

First of all, let me tell you that, You are Never Ever early in starting Investing.

Warren Buffet has started investing in the stock market when he was just 13 years old and today he thinks that, he was late. Today’s most of the middle class people who are in their 30s and 40s think that, there are lots of years remaining for retirement so what’s the hurry? There is still a time for retirement to come.

But well, this is the absolutely false mentality. Anyway, let’s back to the topic. Well, as a teenager, you can invest in several things. I will outline few things here. But believe me, you will have to use your mind to find out best assets for the investment of your money. Because there are lots of Investment options in the world.

First of all, forget that only stocks, bonds, gold and mutual funds are the investment options in this world. There are many other assets in which you can invest your pocket money and I will outline those things here.

01) Online Properties -

Well, Yes. Online Properties or Internet Assets. Such as Blogs, Forums, Websites, Domain Names…etc.. There is a great market for online properties on Sitepoint.com and Flippa.com

As a teen age, you can invest your pocket money in Domain Names also. You can buy a Domain Name on GoDaddy.com and later on sell it on Sedo.com or eBay.com.

Hint: The Best part about owning web properties is that, Your parents will never know that, you have started investing. This is because most of the parents are from industrial age and they believe in getting a safe, secure job and retiring at the age of 65 years. So they will never understand that why you want to get rich fast in your life.

02) Collectible Items -

Alternatively, you can invest your money in collectible items such as stamps, coins, insects (Butterfly), pictures, phone cards, Comic Books, Tattoos and many other things. Your parents will think that, it’s your hobby. But well, it’s not the hobby. It’s the investment.

Collectible items appreciate at the rate of more than 20% per annum compounding annually.

When I was a teen, I invested my pocket money behind Comic Book Collection & Tattoos collection. And later on I sold my whole of the collection to my friend for huge huge profit.

Thus, the above are the 2 innovative ways of investing your money. There are several others. You can also start investing in the stock market also.