i'm 11 and my family is helping me stocks
i have no clue about it but i am trying to research on it
anybody have any good advice and where i can go to see how much a stock is.
can somebody explain simply and everything
My golf instructor gets of 10,000 dollars off of stocks.... he is 20..
2006-08-07 15:27:59 · 13 answers · asked by Anonymous in Business & Finance ➔ Investing
O.O did i mention... something !#!@#
2006-08-07 15:31:48 · update #1
9 year old got 1,000 dollars..
he invested at 5... his dad helped him..
O.O but 950 went to his dad
2006-08-07 15:33:34 · update #2
hey man im truly proud of u! an 11yr old investing! WOW! most really dont care about stuff like this....but anyways going on...i dont know much about stocks n all that even though my dad invests n my bro got a degree in finance....but from what i hear them talk about is one thing u should NEVER NEVER NEVER do is invest all ur money in ONE stock....invest all over,,,other than that i really dont know what to tell ya man...i say go to a finical advisor if u or ur parents have the money to do that...or like one person above of said look into the finical mags n sites they'll help ya a lot...also theres this one lady on cnbc her names suzie orman...n she does the whole stocsk n bonds stuff...so u can always ask her. her websites http://www.suzeorman.com/ hope i helped :) n best of luck to ya lil dude :)
2006-08-07 15:49:27 · answer #1 · answered by Anonymous · 0⤊ 1⤋
If you are thinking you'll get rich quickly buy "doing stocks," think again. Investing is NOT gambling. Investing in stocks are same thing as buying a small piece of a big business in hope that the business will grow in the future. Have you ever seen a company get 10 times larger in few weeks? NO, right?
Rather than going into a long winded explanation of how to invest in stocks and how investment in general work, let me recommend that you read books written by Mr. Peter Lynch. He is a very successful investor.
Many of his books are very well written and easy to read, but if you are 11, you might have problem with some of the concepts. You can ask your parents to help you read this book.
DO NOT read any books that suggest you can make a lot of money quickly. It won't work. There is no scheme that work all the time, or even most of the times.
Good luck.
2006-08-07 15:43:22 · answer #2 · answered by tkquestion 7 · 0⤊ 0⤋
The book "Personal Finance for Dummies" is very good, and quite easy reading.
In general, your best bet is to go with a no-load mutual fund that tracks a major index, such as the S&P 500. That way, your investment is effectively spread across a wide variety of companies' stocks, automatically diversifying.
In any given year, a few day traders or fund managers will be able to beat an index fund. However, over the long term, only 1 in 1000 can do better, and not by a very large amount.
Remember also that you should never invest in stocks any money that you can't afford to lose.
2006-08-07 15:34:45 · answer #3 · answered by metavariable 4 · 0⤊ 0⤋
do portfolio diversification; meaning take different types of stocks so that gains in some will cover the losses in others.
also, try Asian computer programming company stocks like of Japan, China, India. They are pretty good; I haven't checked the stock market in a while though, so I'm not sure anymore.
Visit Yahoo Finance and check up on different stocks and study it more.
For more advice, you should study Economics; it really helps and you understand the stock market basics much better; it's real easy to learn! It's helped me and my dad a lot!
2006-08-07 15:35:27 · answer #4 · answered by desigal 5 · 0⤊ 0⤋
go to finance.google.com and just click around, read everything. stocks are simple, they're just parts of a company, you buy them you own part of the company. A small part but that's the idea behind it. Getting things explained to you in laymen's terms will make it much funner for you to learn and you'll probably like it more.
2006-08-07 15:35:07 · answer #5 · answered by billysimas 3 · 0⤊ 0⤋
the safest way to go is to invest in blue chip stocks. Those are the high profile stocks. Such as McDonnalds, Disney, Coke Cola, Microsoft. This stocks arnt very volital(They wont go up or down too much) So they are not as risky.
2006-08-07 15:35:07 · answer #6 · answered by sportsmess 3 · 0⤊ 0⤋
Go to the library and read the investment books and magazines... get a stock broker.
2006-08-07 15:30:43 · answer #7 · answered by toe poe gee gee oh 5 · 0⤊ 0⤋
Put your money in a pillow case under your bed when you turn 20 you will have more money than your golf instructor
2006-08-07 15:33:26 · answer #8 · answered by I-o-d-tiger 6 · 0⤊ 0⤋
i would just put all your money into the military. God knows those stocks are going to go up.
2006-08-07 15:30:41 · answer #9 · answered by No More Ghosts 2 · 0⤊ 0⤋
stocks is the same thing as gambling
you win some you loose some, but mostly you loose some
2006-08-07 15:31:07 · answer #10 · answered by You may be right 7 · 0⤊ 0⤋