I’m only 16 years old, is it a good idea to invest money in the stock market?
I’m a junior and need they just cut my hours at my job, but I really need the money specially for college, no to mention I desperately need a car, and I heard this guy in class saying he’d invested in some stock on E*trade, about 1grand. So I thought that after doing some research I could do the same, do you think this is a good idea? is the a less expensive broker other than E*trade? what are some good tip when buying or selling?
Thanks everyone.
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about 1 year ago
dont click any links people give you lol they probably just want to steal your information and about the stocks i wouldnt rush into an investment just to get money , i know you lost your job and all but thats no reason to risk losing it all just be patient, look for another job and save up oh and ask your parents for advice and approval also,
assalam alaikum
about 1 year ago
you will need extra cash.try this by clicking the link below.it has really helped me.you will make money within 10min very time.
about 1 year ago
Wait a couple years and really follow the market, you can get another job no problem but for now, I’m pretty sure the market will eat you alive unless your a prodigy
about 1 year ago
Everything possible to do but only one thing is do it well. Yes, I have confidence that you will do your work success. I don’t know about you and what you have know about stock market. If you know then daily subscribe the stock related newsletter that will help you a lot and in the mean future you will became good investor.
Best of luck.
about 1 year ago
how you invest is your own business. you’re young, why not?
it costs 30% less to buy stocks through scottrade vs. etrade…
about 1 year ago
Yes it is a good idea to invest, I started in 7th grade, traded my way through both high school and college.
You must be 18 to open a brokerage account in your name, you will have to have a parent or guardian open a custodian account using your social security number
BUT, before you invest $.01 you better be damn sure you know what you’re doing, why you’re doing it and how to do it. You must also be aware of the rules and regulations governing your activity, know the various markets, the products traded in each and the terms and definitions used by the industry.
Until you understand all of this, you would be foolish to attempt to trade and/or investing anything.
It appears by the wording of your question, at the present time you’re clueless. You need alot of studying, not only about investments but the markets and the various products. Your entire motivation about trading/investing is extremely immature, your not ready to spend $.01 on anything. Don’t worry about finding a “less expensive’ broker until you know what you’re doing.