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Birds of a Feather / Teens and Their Money

URL:  http://boards.fool.com/ltlt-i-am-13yrs-old-and-most-of-my-savings-10242448.aspx

Subject:  Re: Savings Bonds Date:  7/17/1998  12:01 AM
Author:  smacisaa Number:  287 of 2675

<< I am 13yrs old and most of my savings consist of saving bonds. Should I cash in my savings bonds (about $1500) and invest them in the stock market? >>

This depends on what you are looking to do. Depending on whether you are interested in buying a car at age 16, going to college at age 18, or retiring at age 60, your investment choices would be different.

The first thing to do is decide what your goal is. Three years is on the low side for investing in the stock market. Five years is better. If you're in for forty seven years, you should think of nothing other than stocks. Read the articles found on the Young Fools section at http://www.fool.com/FamilyFool/1998/FamilyCollection980325.htm to see why.

If you decide that your money is for the short term and should not be in stocks, than Savings Bonds are a good place for them. However, if you have the time, you should enter the stock market. Reading the 13 steps is the best place to start. It is located at http://www.fool.com/School/13Steps/13Steps.htm.

Hope this helped.

Sean
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