I'm 16 and I want to Invest into stock?
Topic: I'm 16 and I want to Invest into stock?
June 16, 2019 / By Alisha Question:
I would like to invest about $500-$1000 just to get the hang of things this way if i lose it I i'm ready for the loss.
What would be a good online trading site. I want something easy to use. I thought scottrade was good and I think it was $500 to sign up.
Also when your at the point you want to buy shares how does that process work. do mail something in or do it over the internet.
Help is Greatly appreciated.
Aww that sucks. Could you still answer the questions, cause maybe i'll have my dad register in his name I'll just invest my money and watch stocks. Thanks
Best Answers: I'm 16 and I want to Invest into stock?
Uni | 7 days ago
If you feel comfortable with Scottrade that's probably as good as any brokerage. Hopefully, they have good resources and free education webinars and such...
I do believe you can have your own account at 18, so starting now with a custodial account is terrific. You have to fill out an app and mail, fax or email in for approval. You should see an "Open Account" button on their main page.
Learning about the stock market takes a bit of time, but it’s well worth it, and books are a great way to start. I also recommend Stock Investing for Dummies (no offense). It’s good book for understanding the basics. I would also recommend How to Make Money in Stocks by William J. O’Neil. It’s also a good one because it tells you what kind of fundamentals to look for in a stock, a bit about how to look for patterns in stock charts and how to protect your capital. It’s the first book I read when I started my stock trading and a very good start for stock investing or trading. Any questions about terms or anything go to Investopedia.
While you are learning, you can “paper trade” as you begin to learn strategies. That’s basically where you keep a fake portfolio of your trades.
I definitely recommend going ahead and opening an investing account to gain access to stock market information, watch lists (fake portfolios) and tools you can use as you begin the stock investing process. You can also familiarize yourself with the broker’s trading platform so when you begin to trade you’ll have familiarity with how a trade is placed and have access to any resources related to the beginner investor.
That is so great you are interested in investing because when you learn how to invest you do it for yourself, your family and you act as an example to those who know you. Learning how to trade or invest will serve you your whole life! Best of luck in your investing.
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Originally Answered: Anyone else GLAD Bush didn't get to invest our Social Security in the Stock Markets?
Well, as it is right now, the govt. would have to print MORE money just to PAY the retiree's with Bush's plan of privatization, He would have all the young people putting their deductions in private accts,and there would be NO money to pay retirees. AND with the markets headed into the crapper further, the young peoples money would be going into a black hole. I'm sure glad Bush and his Republican buddies didn't get THAT through !! I know your right that in England where they did just what Bush was Proposing, those that did now live in destitution on public assistance. SOLOMON
I paintings for merrill lynch and I've been a dealer for thirteen yrs now and I have got to say that what you wish to do is not the high-quality alternative on your cash, if you are watching at longer term(5yrs+), good then I bet it is an "adequate" inspiration despite the fact that the shares you have got decided on a few are satisfactory suggestions, a few aren't.... It will depend on what primarily you are watching for. Personally, i would recommend you're taking the $7000 and make investments $3500 in two shares, sure simply two shares... when you prefer to put money into all the ones shares then you are undoubtedly going to lose a few cash with a couple of of the ones shares, certain years from now you'll be able to make a few cash off of close to they all however the payout will not be so much. I'd recommend, when you had been my loved ones or my buddy... that you simply put money into Yum manufacturers, that you named and Johnson & Johnson... I can not relatively move into so much main points however, im certain when you perform a little study you'll be able to discover out why I'd inform you to shop for the ones. It a laugh how only some brief years in the past whilst sure, even Merrill Lynch wasn't suggesting to bought Google inventory to anybody, however I referred to as every body I knew and stated, "purchase the entire inventory you'll be able to" and had you indexed to me and spent an insignificant $5000 simply 12 brief months later, it could were valued at practically $forty,000. **had you invested $10,000 in 1970 in Walmart... in these days it could be valued at just below $forty eight million bucks.
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It is possible that you use your father's name to register a brokerage account and trade for yourself.
If you open an account with Scottrade, you can sign up on-line. They will mail the paperwork to you.
You can enter orders on-line or by phone. For Scottrade, on-line order is 7 dollars commision and phone order 17 dollars.
For 500-1000 investment, the commission fee (both buying and selling, 14 for on-line orders) eats a lot of the profit. It is very difficult to make profit in blue-chip stocks.
You can trade small cap stocks. But this is speculative stock trading, not investment. The stock price can easily swing over 10% in one day.
For fun only, you can play with a practice account. You will have more vitrual fund in the account.
Many of the active retail investors engage in speculative trading. It is suggested that only a small portion of dispensable income is used for this purpose.
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You can make money in binary options only if you treat it as a real form of investing. Learn here https://tr.im/4Lj0I
This means learning how it works, learning how to read charts and learning how you can make accurate predictions. All these are not that difficult but it takes some time. If you treat it as gambling and just make random predictions then you will obviously not win.
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For that kind of $, you're better off with a no load mutual fund family, Janus, Vanguard, etc. You really don't have enough $ to invest in individual stocks. If you want to learn about investing, then start out with a portfolio on paper, pick a dollar amount, pick stocks and then track their progress. If you want to rearrange your portfolio then subtract a modest commission as well.
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"ready for the loss" ? not smart - start conservatively with an ETF - read lots of business and investing magazines
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Originally Answered: How does a stock market plunge of 4.3% affect stock owners?
There are pluses and minuses to everything. John makes it sound all rosy with rebalancing but that's only one side of the story.
If you want to learn about the stock markets then an introductory book like _Stock Markets for Dummies_ is a good place to start. This will give you a basic explanation of most things there are to know about the mechanics of stock investing including useful websites to surf.
Investors Business Daily (IBD) is a solid daily resource (and its complement, www.investors.com ). It's a better newspaper than the Wall Street Journal and it is built around a particular approach to trading. You could read _How to Make Money in Stocks_ by William O'Neil too--he's the founder of IBD.
Search your local library for other books on stock investing. Try to absorb as much knowledge and understanding as you can.
After you have extensively researched and gained a solid foundation/education then look to open a brokerage account and paper trade--this is trading with play money before you put real capital at risk. You should do extensively before you eventually place your first trade live. Your early live trades should be with a very small position size. Only increase position size when you have done well to limit losses when the market has turned against you.