2007-01-01 18:08:22 · 11 answers · asked by dmack 1 in Business & Finance ➔ Investing
A couple of different routes.
If there is a company you like, say because you use their services a lot and you always notice they are busy, then you might want to try that out.
If you just want to get in the market but don't know much about stocks, you can buy into an Exchange Traded Fund (ETF) or an index mutual fund. Both will mimic an index, like the Dow Jones, S&P 500, or Nasdaq, or even the entire stock market.
Because you are young, you may need to have your parents set up a custodial account for you, or you can buy through sharebuilder.com.
2007-01-01 18:13:59 · answer #1 · answered by Uncle Pennybags 7 · 1⤊ 0⤋
The best way is to let someone who does know wall street do the buying for you!
Your best bet is to buy into a mutual fund. This is a managed group of stocks that thousands of investors money is "pooled" together to buy shares. your risk is minimalized and you can make excellent long term money. Let the guys that know what they are doing do it for you!
Check out T. Rowe Price and Franklin Investments,
both are excellent companies. They will start with a small investment and if you want they will accept as little as $50 a month to add to your account. You can check your fund(s) daily on line or in the paper!
Good luck!
2007-01-01 18:16:12 · answer #2 · answered by Rich 3 · 0⤊ 0⤋
DO NOT do it!! Learn about the system first or else you will be giving your money away. Do a lot of research online, read books and most of all get couching from someone who is successful and willing to teach you.
As for investing money go with ETFs. I don't recommend mutual funds, they only make the brokers rich at your expense!
I think that a serious young boy with smart parents can have some money to invest, however small. If you continue on this path you are bound to succeed in life.
2007-01-01 19:11:17 · answer #3 · answered by geezy 1 · 0⤊ 0⤋
You can learn something about investing at:
http://moneycentral.msn.com/beginnerguide.asp?page=introduction
Like someone else said, mutual funds may be a start... or keep looking for something under $10. so you can buy more shares ( remember the commission you pay adds to the cost of your purchase!! so if you only buy 20 shares of something and you paid a $10. commission....you've added 50 cents to the price of the stock)
2007-01-01 18:54:22 · answer #4 · answered by jebediabartlett 6 · 0⤊ 0⤋
You don't. Adult or child should never invest in the market until they have a full understanding of stock investing. Read several books. Understand what your asset allocation is. Know what you're buying and know under what circumstances you'd sell. Make a plan. Work your plan.
2007-01-01 19:35:41 · answer #5 · answered by Common Sense 7 · 0⤊ 0⤋
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2016-10-16 23:01:06 · answer #6 · answered by ? 4 · 0⤊ 0⤋
A young boy is not likely to have any money to invest.
2007-01-01 19:03:21 · answer #7 · answered by Anonymous · 0⤊ 0⤋
DRIPS....You can buy one stock at a time...Wall street is simple. Also check our barons (newpaper)
2007-01-01 18:10:35 · answer #8 · answered by greek302 2 · 1⤊ 0⤋
Open a brokerage account at TD Ameritrade and drop me a line. I will help you for FREE.
2007-01-02 06:11:30 · answer #9 · answered by Anonymous · 0⤊ 1⤋
buy stock in ssri or bpur
2007-01-01 19:13:11 · answer #10 · answered by John J 1 · 0⤊ 0⤋