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I am only 17 and I have a little over 1,000 saved up that is just my spending money, though I am taking a personal finance class and my teachers friend started investing when he was in his teens and retired at 35 and is continually getting money for I think stocks or some sort of investment and he can relax and do whatever. I want to know how I can invest this 1000 in a good place where it will grow quite well, should I put it in the stock market and if so how? Or are there other places to put it in? Also I want to be a dentist so I will get good money out of that to also save up and have a solid income. So how can I go about investing this 1000 right now and have it turn into a lot 25-30 years down the road?
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Turning 1000 in a lot of money within 20 years is possible but difficult. If you invest for example in a mutual fund, it will provide diversification but you will get something like 7000 with chance. If you want to score high, you will have to take more risk with your money (the risk is the risk of loosing possibly all your money) unless you succeed to find out the next apple or microsoft.
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Newsletter which gives information on the market.
Join now for free - PENNYALERTS dot INFO |
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There are a lot of real possibility. But you have to be aware of fast and huge profits.
If you want to get information please send request to artcapitalinv@gmail.com And believe me better to split 1000 USD in different currencies. |
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