I am a 19 yr old and I am VERY interested in the stock market but I dont know where to begin. any suggestions?

Question

Any Info. at all would suffice.

Answer 1

It is very smart to begin early in life. You will have a big jump on others of your age group.

Begin by reading several books on investing. Begin with an introductory book to give yourself some background. Investing for Dummies is one though I have not read it. Your library should have several.

There are two classics that should be read. "Security Analysis" by Grahm, Dodd, and Cottle and "Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications" by John J. Murphy. But there are also many other interesting books available.

Having good research material available is important. Yahoo Finance is a good source. Also having a good stock broker is important. One with good research material. I personally think Fidelity offers some of the best research resources, but their commissions are a little steep. TDAmeritrade has lower commissions and some research but not nearly as much as Fidelity. Those are the only two I am currently familiar with.

There are a great deal of resources on the internet. In this you are more fortunate than previous generations when research and cheap commissions were hard to come by.

I began at about your age many years ago. I do it full time now.

Answer 2

Two more books worth reading are "The Intelligent Investor" by Ben Graham and "A Random Walk down Wall Street" by Burton Malkiel.

Graham's theory was that most investors are either incapable or uninterested in estimating the economic or intrinsic value of a company. Instead, they chase the overpriced hot stocks and ignore the bargains. This causes prices to fluctuate widely around intrinsic value, creating opportunities for intelligent investors.

Burton Malkiel, on the other hand, points out the difficulties involved in beating the market and concludes that indexing makes more sense.

Answer 3

The most important skill in investing in stocks is to learn how to evaluate a company's prospects. Most of this has been done for you if you look in the right place. The right place is at you library in the Value Line Investment Survey. If you find reading about the these companies boring, stay out of the market. Value Line carefully rates stocks for timeliness(very important)and safety(the most important). At 19 investing in stocks rated 1 by Value Line for timeliness and safety will earn you a lot of money by the time you are 65.

Answer 4

If you are interested in Stock Exchange its better to visit the web page of the Stock Exchange of that country where you find a list of companies listed on the stock exchange, where you can find the prices of the shares of those companies where you can trade in . You have to open an account with any of the Member of that Stock Exchange who can buy and sell the equities on your behalf at an agreed rate of commission. You can also trade on line ,ID and Password provided by the member and allowing you to trade with a limited amount that you deposit with him.

Answer 5

Ameritrade.com

They have tips and points on there. They may also have links where you can set up some "fantasy stocks". Just like fantasy sports online. You pretend you have some stocks (not real money).. and then you watch the stock market and find out how well your stocks do.

Answer 6

Start by reading books about stocks and how they work. A good book is Easy Money by James Cramer. He explains how stocks work in a simple way. He has a television show called Easy Money. It airs Mon-Fri. He has a website called thestreet.com. I hope that helps.

Answer 7

yes, you are really wise. I wish I was wise as you are at that age

Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule

Answer 8

watch "Mad Money" on CNBC/MSNBC...very interesting
also read Forbes/forbes.com, Money magazine, etc

finally, think about everything you buy, use, etc...some company supplied it; are they publicly-traded? (hint: who's your internet company? who made your PC? who made the last beverage you drank? what kind of car do you or your parents drive?)
we make buying decisions constantly, which effect thosands of people we'll never meet; they work for corporations whose stock trades somewhere...think about it

Answer 9

go to collage and major in finance