Investment advice for a teen?

i am 18years and was wondering if there was any way to buy an investment property within 5 or so years? would tax sales/deeds be my best bet at obtaining a property or is there another option?





thanks in advance!Investment advice for a teen?
Put maximum amount of money away into an IRA that you can. 30 years of compounding tax deferred savings is the most powerful investment you can make. Even if you earn income in the 28% tax bracket, that's 28% a year you're earning on your money PLUS your yield. So even if you put those funds in a 2% CD, you'd be growing those funds at 30% annually. Not going to do that easily elsewhere.Investment advice for a teen?
I have never had success with tax delinquency property purchases. The law requires quite a bit of notice to the owners to redeem their home. Plus, there is the whole question of people ';walking away'; from their mortgage debt. The bank holds a deed of trust and keeps an eye of taxes being paid on the valuable real estate. My advice is to save your money the way most people who increase their net worth. A key is not buying a new car every 3 or 4 years. I know millionaires who have 10 to 12 year old vehicles. Investments should be based on your interests and knowledge level of an asset class, i.e, stocks, bonds, real estate, art, etc.