More financial advice needed


i have usd$1200 in cash divided envelopes in velvet bag in closet. sixteen-year-old, i'm surprised have money in cash. i've gotten of money odd jobs, gifts, or coin-to-cash collection machines @ grocery store. have brand new macbook pro used buy $2000 of money grandfather spontaneously gave me, hv20, , final cut studio 2, there isn't want buy. dad , sisters tell me should invest in stock market (specifically aapl), don't think have enough money start account (my sisters told me need $2500), , i'm not sure if want swallowed in market anyways. there's savings account, interest rate low, , there lot of other fees, don't think that's worth it.

should keep tucked away inside whiskey bag in closet?


(i see lufthansa having sale, haha)
 

the stock market risky place, if you're not prepared lose significant portion of money, i'd advise against route. unless mutual or index fund diversify investment. $1200 not little invest in stock market, it's minimum of consider invest in single stock or fund. less , commission have buy , later sell stock put in big whole right go.

i'm unsure of investment opportunities available 16-year old. in many cases, you'd need adult on account you...don't know if that's issue you.

keeping in closet isn't going earn anything. take @ money market funds if want security. earn decent interest, , don't tie money period of time cds do. they're technically not guaranteed not lose value, have never done in history, , money market industry whole go great lengths prevent happening, lest suffer resulting bad pr.
 


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