I am 13 and i am looking to buy a stock are there any stocks that would be good for a person my age to buy?

Question

for example a store or brand something like that or an electronic

Answer 1

in the UK we have something called the junior market- otherwise known as AIM

Answer 2

I would invest in something like Microsoft, Sony, Google, or something I would personally choose to use.

Answer 3

I don't think that is such a good idea. First off I bet you have no idea how to know what stocks to invest in and what ones to stay away from. Also if a stock is $5 a share you don't want to buy just one share you are going to want to buy 100 shares which brings the price up to $500 in stocks!!

Answer 4

Yes, you would have to have your parents' help and permission to buy stock. If they agree, you need to  set up an account with a brokerage house--a company that is licensed to buy and sell stock on behalf of individuals.You pay them a fee to purchase stocks for you.

Choosing what stocks to buy is an enormously complex topic. There are many books in the library and in bookstores.

What might be fun is to buy a few shares of a company you like (Disney, Apple) and track them online at Yahoo Finance. As the stock rises and falls you can try to figure out the reason--journalists will write stories that help explain the rise and falls and make predictions.

Good luck!

Answer 5

First of all, you need understand what you are getting yourself into. You are dealing with real money and when you buy a stock and it goes up, you feel good, but when it comes down, you feel awful.

The best thing for you to do is to sit down and talk to a financial advisor or a Certified Financial Analyst (CFA). You can try to set up an appointment with one at your bank or set up a meeting with one at an investment bank like Morgan Chase, Merill Lynch etc.

They are trained and experienced professionals who do invest money for a living. They will take the time to sit with you and set up a portfolio depending on the amount of money you're willing to invest, how long you are willing to wait for returns, they will explain risks involved, are you looking for dividends etc.

You should also familiarize yourself with the terminology used in investing and learn the basics of reading a company's balance sheet. There are words like P/E, EPS, put-options, call-options etc. which you should understand.

In general, the safest bets are blue-chip stocks which are  companies that are leaders in an industry.

However, with the current volatility in the stock market, my personal advice to you is to save up some cash to invest in about 2 or 3 years time. By then, the markets should be a lot more stable than they at the moment. Right now, you can try learning more about investing and doing research in companies you would like to invest in after 2 years (2010 ish)

Answer 6

u got to b like 18

Answer 7

the simplest and best course of action may be just to buy a mutual fund that tracks the S&P500 or something.

this would remove the risk of not knowing how to properly analyze a company, and provide more predictable returns in the long run.

the historical average return of the S&P500 is about 10.5% per year.  if you get this historical average return, every $1 that you invest now would be worth more than $296 by the time you turn 70.

since you're starting SOOOOOOO early in life, you don't have to worry about beating the market.  if you manage average returns, you'll have more money than you know what to do with by the time you retire (and buy the obligatory private island).

PLUS, if you have a job and can file taxes, then you can put your money in something called a "Roth IRA".  basically, it's a system where you can buy almost any investment you want to (though I would still recommend the S&P500 mutual fund) and you agree to pay tax on any money that you put in now.  BUT, since you probably don't make very much money at your age, you basically agree to pay $0 in taxes now.  in exchange for this, the government lets you take all of that money out when you retire TAX FREE!

so you would get to keep all $296 in this case, and never have to pay tax on it.

So really, go talk to your parents about getting a summer or after-school job where you would be paying taxes, and have them help you open up a Roth IRA.

If you can earn minimum wage ($6.65 right now), and work for 10 hours/week for a year, you could put $3,000 into a Roth IRA no problem.  And just from putting this 3k into a S&P500 mutual fund today, you would be giving yourself almost $900,000.00 by the time you turn 70.  If you just did this every year until you graduate college (at 22 years old), you would have more than $5,900,000.

Plus, your parents should probably be very happy that you're being so responsible and trying to save for your future, and might even throw in some extra money to get you started.