I am currently 18 years old, living in Australia with no credit rating as of yet. I plan on going (back) to the states in around a year or two for College, and just recently ordered a first-time credit card from the states.
I work casual right now, don't get paid alot. I don't know what I plan on doing in College (my Math sucks, yet i'm interested in Economics [which requires calculus so I heard], perhaps computing, and maybe finances; saying all this so you can get a broad idea of WHAT I may do, and perhaps my future income).
When I move back to the states, I plan on investing in the disabled market (after all, millionaires are in the making now when that market begins to rise again). However, due to the Credit Crunch/Sub-prime crises, I have no doubts at all that they will tighten their procedures of credit even more than so now.
I am currently reading sites (and will for a few years to come. After all, what a wise person once said "Invest in reading all you can. After all, knowledge is power, and you want to minimize your errors to maximize your profit for present and future.") that tell all about Real Estate Investing (I might look up on shares as well. Due to being in an Economics class, I've played the Stock Market Game on the ASX site 3 times, and a 4th is coming up soon). And I have read Australian Property Investor, and another which has slipped my mind. I plan on subscribing to those two magazines.
From what i've read as well, the states doesn't offer investing items like Negative Gearing (like in Australia). Is that a disadvantage? Is it better in Australia? Is one market better than the other? (Choice of Aus or U.S.)
What I am asking is, what hope do I have of investing early? Will I have to wait until I'm 25 or later to invest, due to an increase in credit measures? Should I wait until college ends? Should I start now? (not sure about starting now. Only casual after all, and no credit rating. Is it possible?).
I'm currently unable to come up with more questions at the moment, so any tips, suggestions, help that resides outside my current asked questions would greatly be appreciated.
Thank you
Alias: CozzaNot really sure about all this… but read read and read some more….
1) READ
2) RESEARCH
3) SET GOALSWork out what your plans are. You seem to not have an idea which is fine at this age, happens to everyone. First try and find some direction on what you really what to be doing and then keep researching about what is happening. The US will for sure have some bargains that is no doubt however the stability over in the US is causing people big problems.
Keep your head up champ
You must be logged in to reply to this topic. If you don't have an account, you can register here.
