I want to invest and I think having a stock would be a great idea. How do I start it? what things should be done first? and I am only 19 can I invest in stocks already?
2007-02-18 02:59:14 · 8 answers · asked by singkit 3 in Business & Finance ➔ Investing
Invest in a mutual fund. If you are 19 and have to ask if you can buy stock then you better not. You will get killed and you don't have enough cash anyway. Go to Vanguard .com and look at The Equity Income Fund. it is a good one and that's were you should start until you learn more OK
2007-02-23 19:16:47 · answer #1 · answered by ? 6 · 0⤊ 1⤋
Yes you can invest in stocks.
The first thing you need to do is learn about the stock market and learn about what makes one stock a good investment over another. The key to stock investing (and making money at it) is a good education.
There are lots of books out there on investing and lots of websites too. Beware though, some of them will do nothing but try to convince you to buy penny stocks or some other fly by night company and you'll just lose your shirt.
You might want to start out by opening an account with one of the reputable on line brokers (Scottrade, Ameritrade, Sharebuilder, Fidelity). You can start out small while you learn about the market. Try investing in some Mutual Funds.
Education, Education, Education. That is the key. And if it sounds too good to be true, it probably is. Be careful out there and don't fall for scams.
2007-02-18 11:08:57 · answer #2 · answered by Faye H 6 · 1⤊ 0⤋
You can already invest in shares. Firstly you have to learn the market very well. Now a days investing in shares,mutual funds etc give more earnings. You see the websites like www.monycontrol.com/ ,www.financeyahoo.com etc
2007-02-23 04:58:44 · answer #3 · answered by sindhukannankattil 2 · 0⤊ 0⤋
A must read is Investing for Dummies. Get a online site like Trade King so you can see first hand what they are talking about in the book. If you decide to go with trade king please email me at franksprung@yahoo.com so I can send you write to there site and open account you don't have to fund it right away either. but you can learn from it. do not open margin account. and i get 50 for refering you to this great site.
2007-02-18 17:17:13 · answer #4 · answered by franksprung 3 · 0⤊ 0⤋
For a good starter book: "Investing for Dummies" by Eric Tyson.
2007-02-18 11:06:20 · answer #5 · answered by gosh137 6 · 0⤊ 0⤋
Yes you can. Check out http://investopedia.com. They have lots of informative articles that you can learn from.
I also like yahoo finance for http://fidelity.com
Good luck!
2007-02-18 11:04:36 · answer #6 · answered by WonderWhy 2 · 0⤊ 0⤋
YES START WITH BLUE STOCK AT FIRST
2007-02-26 07:20:57 · answer #7 · answered by understress 1 · 0⤊ 0⤋
Open a brokerage account at Zecco.
2007-02-19 16:14:08 · answer #8 · answered by Anonymous · 0⤊ 2⤋