I am 20 years old and have just begun to buy some shares on the stock market. What I am concerned about is what will follow, i.e. taxes, and other fees that might acrrue in the future. Also how do I disclose my stock info in say, FAFSA (for financial aid)? Thank you.
2006-08-26 16:39:34 · 9 answers · asked by zaroyness 1 in Business & Finance ➔ Investing
Set your limits both on the downside and upside. Know why you bought the stock and why it something you invested in?
As for you FSA form you won't like my answer 30%+ of your saving is expected to be used for school so you list your stocks under the investment portion.
2006-08-30 17:27:16 · answer #1 · answered by Happy to help 2 · 0⤊ 0⤋
Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
http://www.bernanke.cn/stock-trade/
Best Wishes && Good Luck!
2006-08-27 03:41:47 · answer #2 · answered by stock_trade_expert 3 · 0⤊ 0⤋
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 73,000.00 and 30000.00 in taxble account. by follow simple rule
2006-08-26 18:56:06 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋
on no account, on no account placed that lots income one or 2 shares... unfold it out... my adventure has instruct it suitable to maintain my entire portfolio at between sixteen and 20 shares. while you're talking long term basically rank the P/E ratios of the sectors (steel and oil) you have an pastime in and circulate with the right!
2016-09-30 01:02:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You need to figure out how to determine a good exit strategy. Never let a profit turn into a loss, so figure out how to sell, since you already know how to buy.
2006-08-27 15:52:04 · answer #5 · answered by denaliguide2 3 · 0⤊ 0⤋
as far as taxes, you dont incur any taxes until you sell the stock and actually make a profit.. that will be capital gain.
for the other, i dunno... a stock portfolio is an asset.
oh yeah, the dividends are unearned income as well... we get to pay tax on that also....
2006-08-26 17:30:25 · answer #6 · answered by kvuo 4 · 0⤊ 0⤋
stocks will be declared as assets
dividends will be unearned income and taxed
it's worth the risk if you know what you're doing
2006-08-26 16:44:46 · answer #7 · answered by Dwight D J 5 · 1⤊ 0⤋
Just sit back and think of ways to spend the dividends - or not!
2006-09-01 23:14:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i agree with answer 1
2006-08-31 07:29:02 · answer #9 · answered by Mr.Morgan 4 · 0⤊ 0⤋