Im 16 years old and I want to invest, am I old enough?
Do I have to be a particular age to invest in a company?
What type of company should I invest in?
What are some good companies I can invest in?
If I invest in a good company how much could I earn in a 2 weeks if I invest $20?
2006-11-24 08:48:11 · 5 answers · asked by biggbrian411 2 in Local Businesses ➔ Other - Local Businesses
Investing is not about earning money in 2 weeks! But if you were to invest $20 in a sound company, you could expect it to double in value every six to seven years.
There is no age requirement, but as a minor you would probably need to have an adult with a brokerage account invest on your behalf. (The account would be titled "Joe Bloggs FBO your name", meaning "for the benefit of")
If you invested $20 a week regularly, you would have over a million dollars by the time you were 50!
2006-11-24 09:56:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You should get a book at the library and read up on it. It's not that simple and requires alot of know how. You also have to keep on it and watch what happens becuase if you don't and you put alot of money into all it takes is for that market to turn and your not home and you could lose alot. So go ask the librarians about investing so you have an idea what's going on.
2006-11-24 19:12:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
of course not !! I'm 14 and I can officially call my self an investor . I bought ARO for $3.83 a share and the company is going up everyday so good first buy I guess . you should email me .
2014-08-29 19:28:58 · answer #3 · answered by Jonathan 1 · 0⤊ 0⤋
Check out www.investlikeme.blogspot.com. It is a blog for beginner investors. The author shares his current portfolio and you can invest with him using twitter.
2014-03-06 14:01:52 · answer #4 · answered by Joe 2 · 0⤊ 0⤋