Here are seven ways for college students to get started in investing, from the super-safe to the bold.
Some of the best investments for teens include high-yield savings accounts, CDs, stocks, bonds, and pooled investments. A custodial account is one of the most popular ways to start investing for teens, though a custodial IRA is also a great option for a working teen.
Here are the best options to consider:
The ICICI Prudential Equity and Debt Fund is considered as a good investment option for students due to the combination of equity and debt instruments in its portfolio. The 1-year returns offered by the scheme are recorded at 11.01%, the 3-year returns are recorded at 15.50%, and the 5-year returns stand at 21.90%.
There’s no such thing as a legal age to buy bitcoin. If you’re old enough to appreciate it, you should be old enough to buy it. In practice though, most exchanges mandate a minimum age of 18, in keeping with KYC requirements.
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Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value. The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff.
As of July 25, 2017, you must be 18 or older to access Coinbase services. All underage Coinbase users who opened accounts under our old policy will be notified of this change and will be given ample opportunity to remove funds from their accounts before the accounts are closed.
You don’t have to be of legal age to buy or even trade Bitcoin. You can own cryptocurrency even as young as 13 years without getting into trouble.
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