I’m 16 years old, and I would like to learn how to invest in stocks?
I have no prior knowledge whatsoever about investing, stocks, compound interest, etc. Can somebody give me an overview about all this? Is it even legal for me to invest on my own? How do I go about it, and how do I determine what to invest in?
Congratulations on getting started. It’ll help you more than you know!
Your first dollars should be spent on getting educated on investing. You don’t have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it’ll help you! So let’s start there.
You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!
How to invest depends on what you already know. We’ll assume that you’re beginning since you say you’re a newbie!
A good primer is How to Make Money in Stocks by William O’Neil. You can get it cheap just about anywhere. It’s widely available new or used.
Another good one is one of Jim Cramer’s books (he’s got a few).
But books will only get you so far. At some point, you’ll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com
For free, you can start by visiting thestreet.com and investopedia.com. That’ll get you a pretty good primer so at least you’ll understand what the markets are and what a stock is, etc.
If you get a chance, watch Mad Money on CNBC. Don’t trade any of his picks until you track many of them over time. Just use the show to get you to understand some basics and get a feel for the market itself.
Next, subscribe to something like Investorsbusiness daily or something like that that can help you identify good stocks.
Once you understand stocks, go to 888options.com. It’s a website that’ll help you understand options (what they do, how they work, etc). You don’t need to trade them, but the more you know, the more you’ll see how options can really be the safest way to invest (once you’re educated).
For discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter
I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin. Take your time, and let it seep in.
As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling.
You can practice for free on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc).
Start slow, then as you figure things out, you can buy more shares.
Congrats again on getting started. If you have any questions, please let me know.
Hope this helps!
I’m trying to find a company to invest stocks in based on what they sell how do I find them?
So I love this thing sold by the company farux, and I can’t find their company?
The question is, how do you find a company and find out what they’re stock trading name is so as to invest in some of their stock?
It may not even be a publicly-held company.
How can I invest stocks into Barrick Gold Corporation?
I’m trying to invest in bonds and since Barrick Gold is the world’s largest gold producer I think It would be a wise money making decision. If anyone knows how to go about this,can they please assist me?
The equity Barrick Gold trades under the symbol ABX. If you think that Barrick gold is a good investment, you really want to invest in the stock rather than the bonds. The bonds offer very little if any growth potential. Also Barrick Gold may not have any bonds that are tradable. I do not know. But ABX is a decent hedge against the potential collapse of the dollar.
How Do I Invest In Stocks ? Should I Invest ? Apple Computer ?
I Was wondering how do I get into investing stocks and if it is a good idea to start investing in Apple Computers since thier computers and ipod and even iphone has been so successfull.
If I was starting out in investing I would buy ETF’s (exchange traded funds). They offer the lowest fees overall and mimick the market or sectors of the market. Then, delve into individual companies finances, charts and potentials and learn the market in that manner. ETF’s are great vehicles and can give you the best returns …better than nearly 90% of all mutual funds that are professionally managed. That’s the best advice I can give.
How can I invest in stock market?
I graduated high school last month. I want to invest in stock market. But, I have never invested in stock market. I want to invest stocks in online.
1) To invest, do I need to make a special account? Where can I make it? I have an account in UMB bank.
2) To trade stocks, which programs do I need?
3) Can you sugest any books for beginners?
You need to open an account with stock exchange through your broker and deposit some initial amount.
To trade you need charting software’s / trading software/terminal and data feeds this all will be provided by your broker at some fees / may be free.
There are lot of books / strategies you can search the net.
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