how does a young person like me go about investing in a stock?

Question

i who do i speak to. where do i go ,etc. f u know any wesites of companies please tell me. thanxs!!!!!!!!!!!!!!!!!!!!!!!

Answer 1

There's never too young to lose all y'r allowance in the stock market!

Answer 2

If you are over 18, you just go to your full-service bank and ask questions. They usually have a minimum dollar figure for brokerage accounts, so that's probably the first question. My bank has a $10,000 minimum to actually have a broker you can talk to; otherwise, it's on-line trading. I wouldn't touch that; too risky.

Also, it depends on whether you want to buy a particular stock, or choose the stocks yourself, compared to letting the mutual fund packagers do that for you. If you want to choose individually, you will probably need an account with a real brokerage firm, not just the brokerage department at your bank. That's up to the bank, pretty much. There are regulations, of course, but I have not looked into that part of it myself. I trust the mutual fund packagers more than my own judgment.

If you are under 18, your guardian has to do it for you, in trust.

Answer 3

Start off with broadly diversified index funds. Vanguard has one of the lowest expense rates in the industry. Take a look at the links below. I would start of with the Vanguard total market fund if you are middle aged or younger. If you are older you may want to consider a balanced fund containg stocks and bonds. You can do this yourself and not only save yourself a buch of money for additional investing.

Answer 4

www.tdameritrade.com

If you are serious about investing, you will need at least $1000 to make it at all worth your time. Remember, each buy is $9.99 (only at tdameritrade) and sells are 9.99 (only at TD Ameritrade) so if you pay $20 in commision and you do not make an overall profit of over $20 per sell there is no point in selling.. Hope this helps.

PS I use ameritrade, and recomend buying their stock AMTD is the symbol, it's a good company with low overhead, around $18 a share now.

Answer 5

most every town has an Edward Jones brokerage --- go there and they can help answer your questions and give you the needed info you can use to make good choices.
edwardjones.com