Can i buy stocks?

Question

Im 16 years old and was wondering if i can buy stocks? if i can where is a good secure website to do it?

To-Open for one-. if one doesnt start learning then one will never learn how to do those things and understand those words. I rather loose money and learn so in the future i make profits.

Answer 1

At 16, thinking of financial income is a very positive thing.
But, you got to think it over and talk to a good financial advisor to understand the benefits/risks involved.

Also, someone might need to sign up an account for you since you are 16. (guess, the min. age is 18 or higher.)
Good luck and Keep learning as much as you can about all kinds of investing strategies.

Answer 2

If you have to ask this here, you shouldn't invest in stocks.

Stocks are for people with enough money to buy several different stocks, so that if one company goes belly-up (think "Enron"), they won't lose everything.

Stocks are for people that really understand stocks. If you do not know what even one of the following are, you don't: Put, Call, Margin, Preferred, Participating, Cumulative, Premium, Convertible, Equity, P/E, and Deferred.

Stick with what's safe for now. Passbook savings accounts. If you really have a lot of money, get a CD.

Answer 3

Unfortunately you have to wait until you are 18 to buy and sell stocks. If someone you knew had a brokerage account you could give them the money and have them buy it for you, but thats about as close as your gonna get until you turn 18.

Answer 4

Charles Schwab

Answer 5

Not sure about age, but ask the company you are planning to invest with. Look at low-cost fee companies, such as T.Rowe Price, Vanguard, and Fidelity.

Answer 6

Make a joint account with your parents.