whats about a good amount a 14 year old can buy in stocks?

Question

p.s. im a beginner.

Answer 1

I don't know that at fourteen that you can legally invest due to your age. Call a broker, like at Edward Jones or AG Edwards. They can tell you the answer.

You may want to buy some savings bond that will mature in thirty years or more.

Don't invest in individual stocks. The days of IPOs like Yahoo!,
Dell, Microsoft more than likely are not going to fall in your lap. Stick with mutual funds. They invest in many, many companies. And be in it for the long run. Years and years. You may make money one quarter and lose the next. But hold tight and don't sell. If you are fourteen you have a good fifty years to save and let it grow.

Good luck.

Answer 2

Actually, the best investment would be putting that money you get into savings/CD so you can gain interest and put it toward your education. Buy books or visit lots of website that teach you the fundamentals of investing. That way you'll actually know what you are doing when you get the chance to invest.

But most places will take however much you want to invest. Depending on how much you have, a good idea would be to put that money into a mutual fund. You are investing in the market, but it is diversified enough that you wouldn't lose everything if one stock drops a lot.

When I first started investing as a teenager, it was only $100 dollars at a time in a couple of different stocks. I probably would have gone into a mutual fund and/or would have invested more had I known more about it.

Answer 3

Go to pennystocks.com I started investing there when I was younger and it was an excellent learning experience in investing, they are all inexpensive stocks. But some major companies used to be on that site.

Answer 4

At your age, invest in T-bonds. You have the time to wait until the bonds mature. It's a safe investment.