I am 16 years old and trying to learn how stocks, mutual funds, and all that works. I have read a couple of articles and I have the books investing for dummies, but I need someone that can provide me with a few answers to the questions I might come across. If you are experienced in the stock market please leave me your yahoo, aim, or msn screen name I can contact you on...
thanks...
2006-07-19 16:52:45 · 5 answers · asked by mookie123 1 in Business & Finance ➔ Investing
If you've read a few articles on the basics, that should be a good start. You should sign up at a brokerage if you want to start investing. Charles Schwab is a great brokerage and has a great Web site where you can research investments. The customer service does not give strong investment advice, but can help with general questions. As you have probably learned from the articles you have read, investing in a stock index fund for the long term is the best way to go, but of course you can have other investments also. You could do a lot worse than simply deciding what kind of investments you want, researching them on Schwab or a similar Web site, and investing in what you want, having any questions answered by the brokerage.
2006-07-19 17:02:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It's good to see that you want to learn about investing. As someone who had worked as a Financial Advisor and now teaches, I can tell you that I've had plenty of students who didn't know anything about money-management or investing.
Reading books and articles is definitely a good start. The Wall Street Guide to Investing, which is available at most public libraries is an excellent and easy to understand reference guide.
I would also suggest you check out The Motley Fool. They answer questions from readers on a variety of investment issues. Many newspapers carry their column, but they also have a website that you might want to look at.
2006-07-20 01:39:39 · answer #2 · answered by msoexpert 6 · 0⤊ 0⤋
I recommend you begin watching CNBC in the afternoon. You'll learn quite a bit very quickly.
2006-07-19 23:55:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
www.morningstar.com is a great site that can teach you alot. try going to their free online university
2006-07-20 00:11:05 · answer #4 · answered by Coffee L 1 · 0⤊ 0⤋
check out "COVERED CALLS" , but learn first
2006-07-20 00:14:29 · answer #5 · answered by milan 1 · 0⤊ 0⤋