How old do you need to invest?

Question

hello everyone

I am 13 years old and im looking for a company to invest my money in and i dont know how old I need to be to invest. I dont have much just 10,000 and i worked hard for that money and i would hate to loose it if you know and good place to invest in and how old i need to be to invest answer please!!!!!!!!!

Answer 1

have your dad invest if for you

or hire a financial advisor

Paulson Investment did well for my brother.

You may not want to invest at all now, the market is dropping. wait until it hits rock bottom.

Answer 2

what the heck is a 13 yr old doin with 10,000 ?

i have no idea about the age requirement, but at least your wanting to use it wisely.

Answer 3

18 years old.

Answer 4

In the United States, you must be 18 years old to open an account with a brokerage firm or a mutual fund company.

But one of your parents can open a custodian account for you using your social security number.

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by  William O’Neil

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.  (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why.  This site has some basic information for beginners. If any site offers free information, take it.

Other website that can provide instructions and help with procedures and terminology are

Investopedia - http://www.investopedia.com/  Stock Charts - http://stockcharts.com/

http://www.investorshub.com/  http://www.1source4stocks.com/

I made my first investment when I was 12, after studying what I was doing, why I was doing and how to do it.  That was well over 50 years ago, and I am still investing/trading and have been successful.

Study hard, and don't every let anyone tell you that you are too young to invest, just learn what you are doing and do it

Answer 5

as long as you've been born, there's no further legal requirement about your age.