Im an 18-year-old girl. Im interested to invest. What should I start with?

Question

What basic knowledge must I know. I plan to oli start small.

Answer 1

Investing or trading the stock markets starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...

1. You need to understand how the stock market works and what it is exactly about.

2. You need to know what are the different styles of trading in stocks and shares.

3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.

For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm

After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com )

All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.

If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/

Remember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?

After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :

1. Why are you of the opinion that this stock will rise?

2. Is your opinion valid in the first place?

3. When are you expecting it to rise? Can you hold on for that period of time or longer?

4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?

5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?

6. Where is your expected profit taking point? What is your profit taking point based on?

7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?

8. How much of your money should you dedicate to this one trade?

9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?

10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?

After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.

Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.


So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.

Take heed and good luck.




http://www.mastersoequity.com





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Answer 2

My name is Michael and have been investing since I was about 12 years old. First, do you have the time to keep an eye on your investments? In other words about an hour per a week per investment. If not pay someone to do it for you. The stock market is a great place to start because there is so much potential. You should try to get an on line brokerage account with someone like TD Ameritrade or E-Trade. Look at the things around you and see how you can make money. Don't pass up the opportunities that you see. Remember, you can always make more money, investing gives you the opportunity to make even more. Don't be afraid to lose some money. you should not just put your money into a savings account, because that will not make you much money at all. GOOD LUCK!!!

Answer 3

If you are talking about stocks, be very careful what you invest in, and remember that the "professionals" are not always right. For the last few years they have mostly been saying the Microsoft, for example, was a great buy while it's stock slowly sunk lower and lower. They have only recently started to admit that is isn't doing well and isn't likely to make some amazing comeback. You really need to do your own research before investing in anything. I don't invest much, but the qualifying traits I look for are:

1. A company that has been around for a decent amount of time and generally does well.
2. A company who's business practices are honest and decent.
3. A company who's products I would buy.

Microsoft, for example, fails traits 2 and 3, and my Apple Computer and Harley Davidson stocks generally keep going up in value. I also tend to get stocks and keep them around for a while, rather than looking for the quick payoff. I hope this helps!

Answer 4

It's hard to say since I have no idea how your rink works, ie who runs the classes and if your boss runs the skating programs but at my rink, we have an assistant coach program that all of the club's skaters can sign up for when they turn 11 and get to a certain level. And if I'm 16, then I can take a coaching course and become an official coach. You may or may not need training to become a coach at your rink, so if I were you, I would either ask your boss or directly ask the coaches at the rink how you can get to their job. Also, many rinks that my friends and I skate at require their coaches to be 16 or 18, and you must have completed a certain number of figure skating tests and levels. You should take the job for now incase you don't fulfill the requirements of becoming a coach yet.

Answer 5

It don't matter if you're a girl a boy 18, 88 or otherwise. I like the previous answer...INVEST IN YOURSELF! An example is investing in your education, invest in humanity, share your knowledge, wisdom and experience... GL

Answer 6

I could've research more on the HYIP,Bubble game,Gptr, or anything money on the .net this self, I'd think nor ISP or telecom companies would repay u back, they were short lived and no body had any opportunity to re-claim their/our e-finance,even if we had sent them via a saidagent,I wouldn't dare to say that there are an 'unknown' sindication-of-mobster-capacity within the internet, but somehow to enggaged/conducting 'disputable' speeches/talk would've been a 'nill-accquitition' eitherways.
Thank fer reading.

Answer 7

Invest in your self and prove you can do what ever you set your mind to. Start your own home business when your young like you and in a few years you will be set for life....

Answer 8

Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.

http://investing.sitesled.com/

I am sure that you can get your answers in this website.

Good Luck and Best Wishes!

Answer 9

You must know first your interest and the things you like to do. From then you may decide what business is applicable or related to your interest

Answer 10

Start with reading some books on the subject and do some research before you buy.

Jeff
http://www.best-stock-trading-systems.com/internet_stock_investing.html