information about stocks?

Question

I am 13 years old and would like to get into stocks. I have been searching the web and would like to get in to penny stocks, but I know very little and do not want to get into some sort of scam. If any one has any information or suggestions I am open to all.

Answer 1

If either of your parents has a stockbroker, talk to your parents, they might be willing to cosign an account. At 13, nobody will give you an account by yourself.

I myself believe the stock market is going to collapse along with the US dollar. I might suggest investing in commodities.

Answer 2

Sorry, but you have to have an account which is a contract with a brokerage firm & you must be 18 to legally enter into a contract.
So, for the next 5 years save $$ and read everything you can get your hands on from the library & on-line re: investing.
Maybe by the time you're 18, you'll realize penny stock is high risk ( more like gambling) investments should be made in well established companies.
Good luck.

Answer 3

stay away from the penny stocks. There is a reason they arern't traded on real markets. They don't have to meet the financial requirements and in most cases they are just shell companies that someone takes over and hires a pump and dump firm to try and get volume started so they can sell out of thier investments. Start with investor.com and learn how to screen for companies with real growth and earnings.

Answer 4

Have tried the penny stocks (all went out) and think you would be better off to go for value stocks instead even if you just pretend to buy.

If you really want to buy then just buy a few shares. My best performers in order of percentage gain are GG, MRK, ALNY, DNA, AOB, MLNM, DNDN. Think AOB at $12.72 might be a good start, but it is up now. Try to find value stocks that everybody hates so you can buy them at a good price.

Penny stocks could be good, but ninety percent of all new businesses fail in the first year.

Answer 5

penny stocks are penny stocks for a reason, and yes, once in a blue moon a penny stock makes lots of money, but for every penny stock that strikes it rich, there are 999 penny stocks that stay penny stocks.

if you're serious about investing, at your age and income, you would be better off purchasing mutual funds, they are very diversified, and give you a wider portfolio. consider purchasing mutual funds which invest in the chinese market, they have been doing very well and show no sign of slowing down .

Answer 6

Penny Stocks are one of the most mistaken stocks in the market. I don't know if you are a 13 year old with thousands to invest, or just a little, but first you have to know that to trade you have to have a brokerage account, and most brokerage accounts require a few hundred, if not a few thousand to start them up.

Penny stocks generaly only move small percents of a penny day to day. Penny stocks are generally for a more advanced traders who have an eye on the market all the time and have thousands to invest. People think Penny Stocks are the best for people who only have small amounts to invest, but honestly, if you are only investing $100, the penny stocks will probably take it all away in about 3 months.

Where penny stocks come in really handy is say a stock is trading for $.01/share. Well, if it moves up $0.01, you double your money! The problem is, they generally don't move up and down full cents (if they are a penny, or percents of a penny). They move up and down like 1/16 of a cent at a time. Unless you can catch that rare time where it actually moves up a penny or two, and then sell it, but you have to be watching ALL the time, and be ready to execute your sell order right away! Penny Stocks are generally not for long term investing, and not the best way to start off in the stock game.

To be honest, penny stocks are penny stocks for a reason, and generally go broke rather quickly. I've done a lot with Penny Stocks... The problem is, it's almost impossible to find any REAL research on stocks being traded on the OTC or "Pink Sheets."

Penny stocks are what some people decide to get in with to start because they sound cheap and everyone hears of the incredible growth potential. But they are the highest risk stocks because they are usually start up companies, or small companies (or companies fresh out of bankruptcy) and they don't have near the compliance requirements of stocks traded on larger markets...

If you want my honest advice, penny stocks will be majorly frustrating for you, and there is very little chance of return. If your interested in begining investing, look at smaller electronic trading sites like "ShareBuilder." ShareBuilder is MADE for people to start investing. eTrade and ScottsTrade I think both have some larger inital requirements for investments. I have an eTrade account, and a ShareBuilder Account. With ShareBuilder, you can decide on a small amount of money to invest each month, and you set the stock you want to buy. They do not deal in OTC stocks however. They are all big board stocks.

Check out IPO's that are just launching, and pick IPO's that are just now getting launched that are companies you have heard of and are just now going public.

Keep an eye on http://biz.yahoo.com/ipo/
There might not be anything on now that you have heard of (I wouldn't know) but it will change all the time. Keep your eye out on companies that you know about and if you think they are good companies, set your ShareBuilder to buy!

Honestly, you will probably have to get your parents to set up the account (and it really depends on how much you can afford each month). I believe you officially have to be 18 to set up an account and trade, but I could be wrong. Also remember that it usually costs you about $20 to buy a stock, and $20 to sell a stock (depending on the brokerage firm you use), so if you don't make at least $40/trade, your losing money.

Answer 7

FIRST & FOREMOST: A word from the wise is sufficient: Stay away from the penny stocks. Why? Because they are far, far, far too risky and volatile!

In my investment group, "Penny stocks" are commonly referred to as "Roach Motels". Its easy to get in, BUT its very difficult to get out - with a profit!

Take it from me, I lost quite a few dollars AND LOTS of time on these.

Here's what I learned about trading:
1] There aren't any gifts on Wall Street.
2] Trees don't grow to Heaven - neither do stocks!
3] Traders earn money when the market goes up!
Traders earn money when the market goes down!
Traders earn money when the market goes sideways!
Trade in the direction the market is going!
4]] There are many, many different strategies for earning money in the market. Master 2 to 5 different strategies and you should be able to earn a very nice living!
5] Plan your trade AND trade your plan!
6] Before going "live" in the market with your real, hard-earned money: Paper trade! Paper trade! Paper Trade AND Paper Trade some more! Paper trading is pretending to trade with real money, but it doesn't cost anything - except the investment of your time.
7] V.I.C. P.I.E.
Volume Is the Cause; Price Is the Effect!
8] When the trade doesn't work out - get out!
When you reach your target in a particular trade, get out!
9] Bulls earn money. Bears earn money. Pigs get fat.
Hogs [greedy traders] get slaughtered." These folks lose A LOT of money.

There are many, many others!

Want to learn more about the market and trading? Go to investopedia.com - its a free site. Nothing to buy.

Thanks for asking your Q! I enjoyed taking the time to answer it!

VTY,
Ron Berue
Yes, that is my real last name!

Answer 8

Binary trading is notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: ( http://forexsignal.kyma.info ) I definitely recommend subscribing to this site in particular. I was a bit weary of binary trading from all the bad hype they receive but this site is pretty legit. This course explain everything you need to start a very profitable trading activity. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested and a good understanding of the rules

Answer 9

That's what my friend Nathan Gold uses as the starting point of a stunning 5-step "trade-wave" that he's just added to his already popular website.

http://penny-stock.keysolve.net

Nathan shows you how that lowly $1000 could potentially grow into an amazing 7-figure retirement nest egg that you simply have to see with your own eyes.

Answer 10

You have a lot of reading to do.

http://ragingbull.quote.com/cgi-bin/static.cgi/a=index.txt&d=mainpages

It's a quick way to learn about stocks. Also check this one out.

Good luck, I have been in stocks for awhile and my mother works for a firm.

http://money.howstuffworks.com/stock.htm