Investors Under 18?? Any Input...

[PaulieThaGreat]

Well I am 16 and have thrown my hand in the cookie jar so to speak. I have around 1/2 a Mill in IQD so far and have been reading this forum for a few weeks now and finally came around to registering... Anyone have input on how people under 18 will make out on IQD investments of the IQD does equal out with the USD? You better believe I will be the only kid on the block with a Ferrari.. :lmao: ;)

[iamrealdreamer]

Don't know anyone here under 18 but 2 in our group young, 19 yrs and one 20 yrs old, Good luck to you :)

[hunterdbk]

Smart move Paulie...wish I'd have had an opportunity like this when i was 16 and been smart enough to go for it like you...All my house painting and grass cutting would have paid off big time...of course would have been a Camaro, Vette, or Cuda back in those days.

[Dinar_OS]

Hold on to that investment. Even at 1 to1 you may come up a bit short. At 16 you should reinvest.
http://www.boardwalkag.com/search.ph...&action=Search

[meninblack]

My 20 Year old has 1.25 million and my 12 and 17 year olds each have $100K. They are having a blast with this! And if it does payoff its a great start on their adult life.

[PaulieThaGreat]

Is .5 Million a small amount of cash or even chump change? I feel as though you cant even buy a house int he northeast with this kind of cash...? Any input?

[Weston]

I knew a 16 year old who was invested but his money wsa invested through his mothers warka account Suppose he could have his own account but he didnt have a passport or a drivers lic at the time.

[Worfieus]

I am 16 and got 800k

[jpmoney]

Hello I'm 19 and I found out about dinars about 5 months ago and purchased 3.5 million and got my dad to buy about 9 million dinars, I have an account with warka but never got around to sending money there. I am crossing my fingers and praying that Iraq stands up to become a healthy nation. I am planning on buying another million. Any tips or comments please pm me, thanks guys.:)

[lightrays-dinars]

AT 19, you must be a very wealthy!

[Dinar_OS]

No, not chump change for a 16 year old. It's the jump start that most of us wish we had at 16. I think that most of us here would agree the investment opportunities would outway the purchase of toys. Look to the future, you have started well. Think in terms of assets or liabilities.

Is .5 Million a small amount of cash or even chump change? I feel as though you cant even buy a house int he northeast with this kind of cash...? Any input?

[Bigslick116]

Being smart with your money is very important in my view. I myself am 19 years old and im sittin on 8.25 mill. Couldn't of spent my money on anything better!:)

[dagod1]

What ever you do , you will need to sign a prenup agreement before you get married. Male or female someone will screw you for half.

Or just marry a foreign women and still sign a prenup and then enjoy life.
Rob

[mikeman]

I am 19 and have 1,176,550...i wish i could buy more but school payments call...but hey ill be happy with a couple hundred grand or maybe even a million before im 25.SO I HOPE!

[adsfbike]

was 17 when i invested and got 1.5 mil, not as much as others but it should do just fine, i hope you wont become too greedy, after buying a ferarri you wont have too much left of 500,000 jmo

[Hemimikec3]

If you are a minor you will have to get a guardian to open a joint account with you, both names have to be on the account and you'll be in. My son has the same thing because he's working and he can deposit/withdrawal money, it just took me to get him an account. As long as you have an account I don't know why you wouldn't be able to exchange currency. If anything have the guardian exchange the dinar and spring for dinner. Hope this helps and how did you hear about the Iraq dinar being 16?

[Teslyn]

Hold on to that investment. Even at 1 to1 you may come up a bit short. At 16 you should reinvest.
Ferrari: Boardwalk Ferrari Dealer in Dallas, TX (Plano) - New & Used Ferraris

Paulie, out of this entire thread this quoted post is the only one you should even consider. Especially that last sentence. Why waste the money on a Ferrari now, when life and all of its ugliness are still ahead of you.

Reinvest. Go to college. By then when your money has mulitplied, maybe you can choose to really do something you enjoy for your life, or end up like a lot of the slugs who are going to grind it out.

A ferrari today, or maybe a garage full of them tomorrow?

Dunno about you, but I'd rather wait.

Good luck.

[mike55]

Paulile....I believe that's it the law that if you're under 18 you have to give 25% of your profit to all of us on this forum that are over 50....:lmao:
Seriously,.....Roth IRA or Fidelity account and forget about it for about 15 yrs...then retire young and healthy and enjoy life.
Like others have stated ..... it really depends on your goals....get and education and if you desire a nice career..go for it. Your young enough to enjoy a great career, friends, associates, etc with the luxury of possibly being able to retire well before your contemporaries do...
Life is good

[justin082005]

I am 19...and bought some Dinar when I was 17 I guess...something like that

[justin082005]

yeah I am win the other 19 year olds....no money so I am holding the 1.25 mill or so I originally bought. I wanted to add more, but not working now and when I was it got eaten up in expenses. Hopefully I will start working again soon and putting away to savings and investing some more