I’m in high school and i’ve always been interested by the and investing, but i’m not sure how to buy, sell and . I really want to start but i’m only 14 years old. If someone could tell me about the and how they got into it, that would be great. Maybe someone who started at an age similar to mine?

 

  • tonytbag 1:04 pm on July 29, 2010 Permalink

    I started in high school. What you need to do is have a stock broker but you can use a stock brokerage company like scottrade or etrade or ameritrade so you can buy and sell stock online. It is quite a simple start up process. You have to be 18 so have your mom or dad start you an account in their name. Some sites like Zecco allow you to start with a low amount of money. Others require 1,000 + .

  • Donald B 1:04 pm on July 29, 2010 Permalink

    In my opinion, here is the best option available to you .

    Go to : low-cost-stock-recommendations

    .com

    Click on the "DRIP’s" Button on the Navigation Bar.

    These plans are perfect for someone who has only a litttle money to invest. Also, if you decide you are interested, click on the "ING" advertisement on the same page. That will tell you the least expensive way to implement these plans.

    Good Luck

  • Ron Berue 1:04 pm on July 29, 2010 Permalink

    I admire your focus on the market.

    When I was your age, I couldn’t care less about what happened.

    You are never too young [or old] to learn about new things. You have time on your side. Although a person has to be 18 or older to open a trading account, there’s nothing stopping that person from doing virtual trading/paper trading.

    This allows folks who want to trade real money to practice trading with pretend money. It also allows folks to test new trading rules and strategies.

    You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to this free site, recognized by Y! A as a "Featured Knowledge Partner":
    http://investopedia.com

    Investopedia also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with your own soon-to-be hard-earned money.

    http://finance.yahoo.com is also recognized by Y! A as a " Featured Knowledge Partner".

    Just like life, when it comes to investing and trading there are LOTS of things to do AND LOTS of things NOT TO DO.

    Learn to do the right things. No Q is a stupid Q. Ask Qs of folks who trade.

    Thanks for asking your Q! I enjoyed answering it!

    VTY,
    Ron Berue
    Yes, that is my real last name!

  • Daniel S 1:04 pm on July 29, 2010 Permalink

    I started at 14 also. The first thing that you should do before investing is to read some literature on the subject. some investing 101 helps but the best thing is a quality investment book. I would suggest One up on Wall St. by Peter Lynch (you can get it for 1cent on Amazon.com). If there is anyone in your family (extended or close) who trades stocks I would try to cultivate a relationship with them and learn from them (you are learning from their mistakes this way).

    Although many people would advise to the contrary I would go without a broker, reason being the attitude that most brokers have (I am getting this from ex-brokers) is: when your client buys a stock you (the broker) make money, and the company makes money; 2 out of 3 isn’t bad (the party not making money is you). Also the avg. return if you listened to a broker last year was something like 2%, you can make more than that by picking stocks just because you like their name (I dont suggest you try this).

    There is alot more to learn about investing, don’t get carried away with market fads, and don’t expect to make much money investing in the first 3 years.

    hope this helps
    Dan