As promised, here is a list of investment options open to students. I hope you have as much a good time reading this as I had writing it.
Start a business: This is by far the wisest investment advice. However, before taking this advice consider the statistics on start-ups and decide to beat the odds. Most start-ups don't make it past their first four years. It takes determination and brains to build and grow a business.
A successful business is one that meets the consumers needs never forget that.
Most people make the mistake of rushing into a business and they pay dearly. Research on your chosen business before you start.
Invest in stocks: If you want to invest in the market make sure you know what you are doing. You can either choose to be a value investor or a growth investor. The latter is a strategy adopted by people who aren't interested about the future prospects of a company-they want to cash out quick-and so they seek short term capital appreciation. Once there is an appreciation in the value of the stock, they sell. Value investing on the other hand is the opposite. Value investors are more interested in long term investing.
Buy low price, high value stocks (undervalued stocks) when and if you can find them, or just have an experienced investment manager who can spot undervalued stocks. When you do buy a stock, STICK TO IT (Don't be part of the happy finger traders club).
Do not forget to balance out your investments, don't buy a single stock, spread your stock portfolio across several markets. Better yet, invest in index funds.
If you do decide to invest in index funds, then search for those that have complete markets as well as foreign markets.
Penny stocks: Penny stocks are stocks valued at less than one dollar. Such stocks could promise very lucrative returns, although they are highly speculative, so be careful how you invest in them to avoid losing your money. When you do find a good one hold on to it.
Others include; Mutual funds, Forex.
Good Luck!!!
