i'm 17 and i want to start investing in the stock market?

Question

where do i start?
thnx
xao:D

i'm ALSO investing in an education!!! OMG! i can do more than one thing at once!

Answer 1

You need to be 18 to buy stocks. And you should invest in a mutual fund not stock. You don't have enough cash for stocks and you can do both , That's why a mutual fund is better you don't need a lot of cash to get started. when you are 18 Look at the Vanguard funds.

Answer 2

First of all it's a good idea to do a lot of research about the stock market and any specific stocks you have in mind. Here is an information resource that may help: http://www.stocktraderknows.com

Then look for a broker where you don't have to pay high commissions nor have to have a large amount to open an account. There are many to choose from like E-Trade, TD Ameritrade, Scottrade, SogoInvest. Compare the costs, requirements and benefits to find the right one. Start with a small investment and invest carefully until you are more familiar and know which particular type of trading you wish to do.

There is money to be made in the stock market but at the same time can also lose money so it's best to start slowly.

Answer 3

Good for you Celene. If you are 17 you are starting college. That will take a long time, but you will make good money when you graduate. Study hard and pay attention. It will also cost a good penny before you make much from your education. Funny, the stock market is exactly the same. Only difference is there is no external authority watch over you. So, understand that the commitment is a long term one, will require another education, and before you are much good at it, some money spent on the school of hard knocks. Start, then, by going to a big book store, like Borders. Find the section with books on the stock market. Find all the ones that start with "How I made a fortune..." and "You can make big bucks.....". Pile them in the corner and burn them. Get a book called "Come into my trading room", by Elder. Good read, well written. He is a "stock trader", not an "investor", or a "speculator". Which will you be? Start with Elder and get your intellectual feet wet. There is money to be made. Want to smell a little blood? Find a chart (Yahoo Financial will do just fine) on a stock called CF. Look at it for the last three months. Get out your calculator and figure out its APR. Then buy the books and get to your studies. BTW, I am really impressed with your attitude. If you want to contact me directly, feel free.

Answer 4

There is plenty of research you can do. You should do your research and determine your level of risk. Although, since you are starting I would suggest something conservative. Try an ETF (exchange traded fund) as this will automatically diversify your portfolio and at inexpensive cost. Keep the commissions you pay to a broker at a minimum and don't make a lot of trades. A buy and hold strategy works to your advatange because you have pleny of years before you retire. Costco has a relationship with sharebuilder.com. This would be a great start. Good luck!

Answer 5

To the first person that answered this question...you cant do it if you dont learn at least they are trying and not spending their money on everything else at 17 years old...id say go for it but i dont know the first thing about it...good luck

Answer 6

you obviously do not know what you are doing. invest in an education instead

Answer 7

that is a great idea!!! - you must be very responsible. Stay with good solid blue chips and mix in some risk and watch it grow - best of luck to you!!!