Hi everybody,
Before I start, I am 16 years old, and I have one grand saved up (and growing). I am with CBA.
It is a small amount to many but, Is it worthwhile to invest? If so, should I invest in shares in a major bank (obviously parents would have to do this) or term deposit, etc.
I am new to all this, I just want to know what's best for my money, is it worthwhile or should I just hang onto it? I remember my maths teacher briefly talking about compound interest and I was interested but now I wish I paid more attention in maths.. :P Need advice..
Thank you. :)
UBank savings account. Do you deposit at least $200/m If you do then you get bonus interest. You can still take it back out and spend it).