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Im 18 years old and now I want to start investing my money
But I don't know were to start or how the entire stock market works
can you help me?

2006-08-30 07:41:51 · 10 answers · asked by Mr.happy 4 in Business & Finance Investing

10 answers

try this
http://www.nohasslebargains.com/loan/investment_trading.html
Investment
Financial Services

2006-08-30 07:48:15 · answer #1 · answered by Anonymous · 0 1

There are a lot of sharks out there. So, it is better to read up some books before you start.

1. Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John Bogle.

2. The Essays of Warren Buffett : Lessons for Corporate America by Warren E. Buffett

Warren Buffett got rich by investing. John Bogle is founder of Vanguard mutual funds family. Can't go wrong with this two.

Good luck!

2006-08-31 07:22:24 · answer #2 · answered by Price is what you pay for value. 3 · 0 0

Congratulations! You're ahead of your peers.

Talk with your local bank about a Roth IRA. You won't have to pay taxes once you cash it in at retirement. It will probably be invested in mutual funds, which is just a collection of various stocks and bonds.

You will save so much by starting early. Compound interest is a wonderful thing. Good luck!

2006-08-30 14:45:13 · answer #3 · answered by Vosot 3 · 1 0

If you have cable t.v. it's easy.
Let me explain it to you:
Find the "Bloomberg Channel" or the "stock channel".
You will know which one it is because of the ticker always going across the bottom of the screen.
When buying or selling stock, you always want to minimize your loses.
This means you want to buy or purchase stock when it is really cheap-
and then sell it the minute that it's worth more than what you bought it for.
The difference is (for example:) And this one's true:
5 years ago I bought some stock in ExxonMobile. ($12,000.00 to be exact.)
Which at the time bought about 500 shares in that company.
At the time, the stock was valued at $90.00/share.
That means that I paid $90.00 for every share that I bought.
Last week, I checked the market, and to my surprise ExxonMobile stock is worth $120.00/share. So I sold it at the higher rate. So for every share that I sold, I made a $30.00 profit. (Except that I also had dividend-reinvestment as well- I'd explain that later if you wanted me to.) Anyway, I simply waited until my stock's emblem on the ticker went from red to green, (meaning it's up for the quarter.) then I called the stock 1-800 number for ExxonMobile and told them to sell it, ALL OF IT. Now I still have to pay taxes on my profits, but not until next tax season. Now I have $19,688.32 in my savings account. But remember originally I only had $12,000.00. Not bad, eh?
The lesson is: BUY YOUR STOCK CHEAP- (WHEN IT'S DOWN.)
AND SELL YOUR STOCK WHEN IT EXPENSIVE- (WHEN IT'S UP.)
This is how you make money at home- playing the stock market. Just be careful, and don't get too greedy. The minute you do that, it might lose some value. Good luck!

2006-08-30 15:02:58 · answer #4 · answered by Anonymous · 0 2

Do what Vosot said, except maybe shop around for a Roth IRA, a brokerage (online perhaps) could provide you with a greater number of investment options.
Forget all the other advice.

2006-08-30 15:15:35 · answer #5 · answered by kcincon 3 · 0 0

To Pay a good intelligent advisor
To Invest in companies that produce nanotechnologies
I wish you from Italy GOOD LUCK

2006-09-01 04:42:38 · answer #6 · answered by Rakitalo 2 · 0 0

It is good to start to learn early. and how to invest the right way.
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

2006-08-31 02:07:43 · answer #7 · answered by Hoa N 6 · 0 0

Step 1:
Open a brokerage account at TD Ameritrade.

Drop me a line when you are ready for step 2

Top 5 Answerer in this category.

2006-08-31 01:57:33 · answer #8 · answered by Anonymous · 0 0

Read some books, take a class... i don't think you're going to become an investment genius by asking about it on here ;)

2006-08-30 14:45:13 · answer #9 · answered by Meegan 1 · 0 1

Sure. Dont.

2006-08-30 14:45:14 · answer #10 · answered by The Foosaaaah 7 · 0 1

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