2006-09-02 05:33:00 · 6 answers · asked by Skot 1 in Business & Finance ➔ Investing
Generally you need to be 18 years old to open your own brokerage account, but there are ways to own stock prior to being 18 through custodial or joint accounts, and DRiP programs. Also someone with an account can buy it for you and transfer title to you.
In short any age can own stocks, however buying them while under 18 is slightly more challenging.
2006-09-02 05:37:36 · answer #1 · answered by ken 3 · 0⤊ 0⤋
18, but you can go though an adult such as your parents. You can have an IRA account in your name at 16, but you still have to go through your parents.
My advice is to buy 1 year CDs till you are 18, open up a Roth and put the max contribution in each year as long as you can. If you do, you could stop your retirement account at 30 and probably be a tax free multi millionare when you retire.
2006-09-02 14:02:04 · answer #2 · answered by gregory_dittman 7 · 0⤊ 0⤋
I trade stocks, and im 12, but i tell my mom what to buy or sell and when, and she gives me the money.... I made like $700 in a week.
2006-09-02 12:38:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
At least 18. before 18, with parent consent
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
2006-09-02 23:45:09 · answer #4 · answered by Hoa N 6 · 0⤊ 0⤋
stay away from stocks
muy into mutuals, you get better coverage with your dollar (many companies) and the services of a professional investor
2006-09-02 12:45:27 · answer #5 · answered by capollar 4 · 0⤊ 0⤋
i dont know but tell me when u find out. please
2006-09-02 13:29:38 · answer #6 · answered by welcome2miami04 2 · 0⤊ 0⤋