Buying Stocks?

Question

I'm turning 14 in may and i have some money i want to invest in a stock although i am not sure wich site
i have heard of HSX.com but thats like fake stocks i want to do the real thing

Answer 1

I would not just single out one stock as you take on the risk that you may have just picked one ready to crash - and I would not be chasing GOOGLE or EBAY either.

Instead I would advise you to consider opening an account at FOLIO FN that allows you to buy fractional shares so that you could buy $10 worth of Microsoft, $5 of Chicago Mercantile, etc. and build your portfolio slowly in the old-fashioned way.

Answer 2

In most countries you have to be 18years and above before you can buy stocks directly. Below 18 years you are regarded as a minor and as such can only buy through an adult who should be your parent, guardian or trustee.

However if you contact the Stock exchange in your country, they will give a list of registered stock brokers in your area. Stock brokers are the trained and qualified people that can advice you and transact in stocks or shares for you.

Answer 3

How about buying the biggest 100 companies on the New York Stock Exchange? You can buy into the bunch of them with an exchange traded fund whose stock symbol is NY. It sells for something like about $76ish a share. Last summer it was selling for about $64ish. Nice profit. Nice potential.

Answer 4

I'm not sure if you are old enough, but I use Sharebuilder.com to purchase my stocks. You can purchase partial stocks and they charge only $4/stock purchased, but there are more economical options if you enroll in the different plans. It really is simple and direct. Also, if you do decide to enroll, purchase one of the starter packages. They have certificates that give you bonus money for opening an account.