im 17 going on 18 and i want 2 do stocks, i know nothin bout stocks,wat websites can i go 2 learn bout stocks?

Question

i want to invest 100 dollars through 300 maybe..what websites are available to invest in that low amount of money?

Answer 1

I think you will find you will need more capital to work with.

If you are going to avtive trade, you will be buying shares in the low single digits and even with a discount fee that will mean that the stock will have to climb a couple bucks just to get you break even on each buy/sell cycle.

If you are going for a long term hold, you will likely want to invest into 3 or 4 mutual funds at each of them will have a minimum ($500-$1000 typically). You will want this 'diverse diversity' to protect your investment from sudden losses.

Until you do get enough cash to make whatever you decide to try work for you, play with vistual money. Make a 'faux' account on yahoo finance and decide yourself what you are going to buy and sell. Track how well/poor you do.

For advice try sites like the motely fool ( http://www.fool.com/ ) as well as brokerage sites for tips. The fool site does not have their own 'funds' to sell you, but over the past years they have gotten a little bit preachy about selling their own financial guides. Just stick with the forums and free articles and you will learn loads.

If you REALLY want to try and try and speculate with a small bankroll. the only way to go is buying options. But the spreads eat your profit even if you guess right and you risk losing it all (your options can expire worthless). If you guess right, you have to cut your profit to someopne who actually can bankroll and claim the option rights, but of course they will want a lower price and the broker wants his cut through the spread. It's a very nasty business, which even I only dable in (but I sell covered calls, but that means I own the stock already, and I hope the options expire worthless).

Do reading and some of what I said here will make more sense. But go slow... learn and play with phoney money while you build up your real nest egg.

Good Luck!

Answer 2

You'll probably need at least $500 dollars to open a brokerage account. Scottrade.com is a good sight to use. If you want to learn about stocks, read Jim Cramer's books Real Money and Mad Money. A lot of people criticize Jim Cramer for the way he acts but he actually makes stocks understandable for everybody. Investopedia is a good site to use to learn terms.

Answer 3

One of the best places to learn is Yahoo finance , because there is an education section and glossary under the investing tab .
You can make up hypothetical portfolios for free ,
And there are lots of columnists to read ,
Along with watching stocks in action that same day .

http://finance.yahoo.com/

I do my homework there , then buy on Schwab .
You need between $5K and $10K to open a brokerage account .
For now put your $$$$ in ING or Citi eSavings until you have enough for a brokerage .

Good Luck !

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Answer 4

Try the company Vanguard. They will help you one on one with,stocks mutual funds and all of your investments.

Answer 5

Zecco.