Financial advisor and CBS MoneyWatch contributor Ray Martin offers guidance to a teenager about investing the money she has to spend.
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As soon as the question came up should I invest all of my money i was just sitting here like hell no hell no hell no
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After 2008 didn't we all learn that Wall Street is not for people who live on Main Street? The rich get bailed out, but average people are left hanging. I know many average people who lost all of their life's savings, with no recovery, yet Wall Street is already breaking records by continuing to gamble with our money. It's out of control! CBS News, this video gives terrible advice to teens AND adults. If you really are a teen with money to save, put it in a 529 savings plan. Use your money for some kind of technical/professional training or college once you know what kind of career you want to go into. Go into a field where there are jobs. Educate yourself and invest in yourSELF, then you will always have income. The stock market is a terrible, risky gamble for anyone in the middle class, and anyone telling you otherwise is trying to get some of your money! Peace.
The stock market is little more than glorified gambling - especially when the market is stacked against the average investor (thanks to flash trading, insider trading, and various other white collar crimes that are rarely prosecuted).
smart kid...invest all your saving....thanks me later