Im 17, and I really want to get into it, but I have no idea how, or if Im even old enough to. can someone help me out??
2007-12-08 14:56:50 · 12 answers · asked by Anonymous in Business & Finance ➔ Investing
You can trade on your own as long as it's a trust account in which your parents bare the responsibility of your loses.
Make some phone calls to some on-line brokers such as Thinkorswim, Sharebuilder, Scottrade or Ameritrade. Ask them if they have a D.R.I.P (Dividend Reinvestment Program) available. This isn't the best way to go but it will help you build up revenue to move on to bigger and better platforms after you've learned a little more about investing.
You could also approach your mom or dad and ask them if they will go through the Investools seminar with you and help you that way. It's a two for one program, very affordable. Visit http://www.invetools.com
2007-12-09 02:37:25 · answer #1 · answered by Barney 6 · 0⤊ 0⤋
1
2016-12-24 06:13:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
18
2007-12-08 15:04:12 · answer #3 · answered by glamour04111 7 · 0⤊ 0⤋
I started working with penny stocks less then one year ago and I think it's great! There are a lot of opportunities to make big money, you just need to find them!
At the beginning for me was really useful the support of this method http://penny-stock.keysolve.net
It's a simple course that will teach you how to move your first steps and how to grow fast in this buisness.
I will tell you how was my first experience:
I started with a lighting technology company that was overdue a breakout from 75 cents.
Just two weeks after I alerted my subscribers… that breakout arrived! A 362% return later and the stock had risen to $3.47 cents…
Turning my starting stake of $1,000 into $4,625, and it was just the beginning!
2014-10-10 00:57:07 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Nice question, If i'm not wrong, you've to wait one more year to do any kind of business, legally. Also it depends on country Constitution (law). You didn't mention which country you are from. Usually after age of 18 you'll be accepted as a matured man. But still if you would like to buy Stock you can buy through your relatives or through reliable friends.
2007-12-08 15:09:46 · answer #5 · answered by John K 1 · 2⤊ 0⤋
Please don't "play" the stock market. It's great that you have an interest in investing (or trading). A major predictor of success is your psychology. Thinking of this as a "play' implies that it's not a "real" profession. It makes it sound like gambling. This type of thinking will hurt you.
Given your age..... now is a great time to read some books on investing. Avoid the "typical" mistakes new traders make, like;
Trading Penny Stocks
Using the media (paper, TV, radio etc.) for stock leads.
Putting over 5% of you funds into one stock.
Not having an "asset allocation".
Expecting a stock to go up.
Hoping for a stock to go up.
Not placing a "stop", or not having an exit stradegy.
Thinking you "know" what direction the market is going.
Understanding the importance of Money Management is just as important as picking the "right" stocks.
2007-12-08 15:20:10 · answer #6 · answered by Common Sense 7 · 0⤊ 2⤋
If you practice trading with stocks with imaginary money. at 17yrs old yes you can. yahoo finance or msn money let you create your own portfolio, just log in and you can pertend buying stocks
2007-12-08 16:16:07 · answer #7 · answered by oragon_man2 2 · 0⤊ 0⤋
Sounds cool
2016-07-30 08:36:35 · answer #8 · answered by ? 4 · 0⤊ 0⤋
I believe all you'd need is $$$ - age doesn't matter
2007-12-08 15:01:14 · answer #9 · answered by PikC 5 · 0⤊ 1⤋
i would think u need a certain amount of money and maybe 18
2007-12-08 15:04:37 · answer #10 · answered by Hunter 2 · 0⤊ 0⤋