I am turning 18 pretty soon and would not only like to be able to know how to invest money in stocks, but to also learn how to invest my money in general. Are there any good websites, books, CDs, ect that anyone could recommend for myself to get a leg up?
Any advice would be helpful also
Thanks!
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June 14th, 2010 at 1:07 pm
I would suggest "The Intelligent Investor" by Benjamin Graham. This is used as a college text book in courses on security analysis. He also wrote another text book on the same subject with a different approach with a man whose name was Dodd. I would also suggest that you read the weekly newspaper, Barrons or the daily Wall Street Journal. They are available at the public library for free. You might also wish to study Value Line Services in the reference section of your public library. This is updated weekly. Oh, by the way, I believe that according to Federal law, you will not be able to trade until you are 21.
June 14th, 2010 at 1:07 pm
Buy mutual funds.
June 14th, 2010 at 1:07 pm
Two books I would recomend. Rule#1 and Trading for dummies. I would also recomend looking at MSN Money and Fool.com. Just remember do your homework or research on the company you are interested in and only invest in what you know and not what you don’t know about. Good luck!
June 14th, 2010 at 1:07 pm
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June 14th, 2010 at 1:07 pm
You can find some good info online, but the best way to learn is to be mentored by someone who has had success in investing. This may be hard to find, but will be worth whatever you have to do to locate this person.
also, start out by practice trading with fake money. You can get a these simulated accounts at several brokers online.
June 14th, 2010 at 1:07 pm
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: I found this on a bulletin board and decided to try it. A little
: while back, I was browsing through newsgroups, just like you are now,
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: thousands of dollars within weeks with only an initial investment of
: $6.00! So I thought, "Yeah right, this must be a scam", but
: like most of us, I was curious, so I kept reading. Anyway, it said
: that you send $1.00 to each of the 6 names and address stated in the
: article. You then place your own name and address in the bottom of
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: figured it would end soon, but the money just kept coming in. In my
: first week, I made about $25.00. By the end of the second week I had
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: $10,000.00 and it’s still growing. This is now my fourth week and I
: have made a total of just over $42,000.00 and it’s still coming in
: rapidly. It’s certainly worth $6.00, and 6 stamps, I have spent more
: than that on the lottery!! Let me tell you how this works and most
: importantly, WHY it works… Also, make sure you print a copy of this
: article NOW, so you can get the information off of it as you need it.
: I promise you that if you follow the directions exactly, that you
: will start making more money than you thought possible by doing
: something so easy!
: Suggestion: Read this entire message carefully! (print it out or
: download it.) Follow the simple directions and watch the money come
: in!
: It’s easy. It’s legal. And, your investment is only $6.00 (Plus
: postage)
: IMPORTANT: This is not a rip-off; it is not indecent; it is not
: illegal; and it is 99% no risk – it really works!
: If all of the following instructions are adhered to, you will receive
: extraordinary dividends.
: PLEASE NOTE:
: Please follow these directions EXACTLY, and $50,000 or more can be
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: the honesty and integrity of the participants. Please continue its
: success by carefully adhering to the instructions.
: You will now become part of the Mail Order business. In this business
: your product is not solid and tangible, it’s a service. You are in
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: happy to pay big bucks for quality lists. However, the money made
: from the mailing lists is secondary to the income which is made from
: people like you and me asking to be included in that list.
: Here are the 4 easy steps to success:
: STEP 1: Get 6 separate pieces of paper and write the following on
: each piece of paper Now get 6 US $1.00 bills and place ONE inside
: EACH of the 6 pieces of paper so the bill will not be seen through
: the envelope (to prevent thievery). Next, place one paper in each
: of the 6 envelopes and seal them. You should now have 6 sealed envelopes,
: each with a piece of paper stating the above phrase, your name and address,
: and a $1.00 bill. What you are doing is creating a service. THIS IS
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: it! Like most of us, I was a little skeptical and a little worried
: about the legal aspects of it all. So I checked it out with the U.S.
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: legal. Mail the 6 envelopes to the following addresses:
: #1) Chris Lonicki
: 3838 Baltic cir.
: Rocklin CA 95677
: #2) Alex Biley
: 69 Manningham St.
: Parkville, Vic 3052
: Australia
: #3) Suranga Sampath
: 237/a Bell st.
: Coburg, Vic 3058
: australia
: #4) Scott Unruh
: Rt 1 Box 69
: Hydro ok 73048
: #5)Justin Monaghan
:4 Finlaysons Rd
:Swan Creek, NSW 2462
:Australia
: #6)Danielle Matthews
:302 N 30th St.
:Wilmington, NC 28405
: STEP 2: Now take the #1 name off the list that you see above, move
: the other names up (6 becomes 5, 5 becomes 4, etc…) and add YOUR
: Name as number 6 on the list.
: STEP 3: Now, post your amended article to at
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: you need is 200, but remember, the more you post, the more money you
: make! You won’t get very much unless you post like crazy.
: This is perfectly legal! If you have any doubts, refer to Title 18
: Sec. 1302 & 1341 of the Postal lottery laws.
: Keep a copy of these steps for you