Ok i am 17yrs old and i want to start investing in stocks,and i want to do it soon how much money do i have to have right now to invest in blu raydisc media?
how to you sell?
where can i invest at any websites or anything,please i need help i really need to figure this out so i can invest soon
2006-10-08 15:46:51 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Hello,
I started out investing when I was several years younger than you! I've been investing since 2000 and started in high school. I well know how go about getting started.
The easiest way to get started is to have your parent or guardian set up a share builder account. This is the cheapest, easiest brokerage on the internet. Its the brokerage I made my first stock purchase with! After signing up and funding your account, you can start right away. (You can wire transfer money or send a check to fund your account.)
Next, you'll want to find a company that sells, manufactures, or researches blue ray disc technology. You can do this with a search for "blue ray discs" on any search engine and find several companies that are in the blu ray industry.
Another way to find companies in the blu ray disc industry is to use Yahoo!'s stock screener. You can use it to sort by industry and browse for stocks you're considering purchasing. (http://finance.yahoo.com)
There are several other brokerages including Etrade and Scottrade, but I highly reccomend sharebuilder because they charge small trading fees.
Here are URLS to some popular Online Brokerages
http://sharebuilder.com
http://scottrade.com
http://etrade.com
Oh, and if you need to do some research you can use these sites:
http://finance.yahoo.com
http://cnn.com/money
http://barchart.com
http://investopedia.com
Graciously
The Investing Sensei
http://www.investingsensei.blogspot.com
If you have any other questions, comments, or concerns you can contact me at:
My Site: http://investingsensei.blogspot.com
Email: investingsensei.blogspot.com
2006-10-11 13:41:49 · answer #1 · answered by Johnny B 2 · 1⤊ 0⤋
Daniel, I was in the same shoe a couple of months ago, although I am a little older than you are (22 y.o.) Anyways, what I did to find answers to my questions, I found a few audiobooks at the local library (they are free!!! you are already being smart about your money:-)) on the subject. The one that you may like is
"The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of" by by David Gardner, Tom Gardner. I found it pretty good! I think that's worth listenning. They share some ideas how you can start investing without all these "expensive" brokers and financial advisors, etc. and do it yourself.
Good luck
2006-10-11 13:17:18 · answer #2 · answered by .... 1 · 0⤊ 0⤋
For just starting out, you can open an account an TDAmeritrade, Interactive Brokers or any other number of online brokers. Basically you just fill out the application online and send them a check.
Once your check clears, you can just put in an order through your broker. Generally you just fill out the order online. Your order can be a 'market' order which means you get the next available stock or you can put in a 'limit' order where you set the price but your order doesn't get executed until someone (investor or market maker) wants to trade with you at that price.
Just make sure you understand you can lose money as well as make money and it probably would be prudent to not put in any more than you can afford to lose.
2006-10-08 17:06:46 · answer #3 · answered by Kurt 3 · 1⤊ 0⤋
Ok starting out I STRONGLY recommend going through a broker (edward jones worked for me when I started out). Sure you will pay a commission on what you buy but the knowledge you get far outweighs the cost.
Good Luck
2006-10-08 17:27:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
hey daniel. walk into every bank and approach the investment specialist desk and meet every person. they will help you. go to bookstores and read every thing. open online trading account like scottrade.com. i also started at 20 with $2K and now i have way more. good luck time is ticking pal
2006-10-08 16:20:24 · answer #5 · answered by Necat T 3 · 0⤊ 0⤋
ONline discount broker http://google.com :)
2006-10-08 18:04:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋