I have 200$ should i invest it?(best way to learn how to invest money)im 18yrs old any tips

Question

I have 200$ should i invest it?(best way to learn how to invest money)im 18yrs old any tips

Answer 1

sry to say but 200 dollars is to little to invest...i would get a job get maybe 800 more dollars and then invest it into a stock company

my personal choice is loews corp...

Answer 2

There are many books and online tutorials out there that can help you learn to invest.  My personal favorite web resource is Investopedia ( http://www.investopedia.com/ ).  If you're interested in paper trading before touching the real market, they even have an online stimulator.  However, when you're ready, the best way to learn is to learn from experience.  Don't jump in with too much money though.  Use a little to test the water so you don't risk losing too much.

$200 is not too little to invest with.  Yes, there are some brokerage firms that have minimum deposit requirements, but there are others that do not.  I currently use Firstrade ( http://www.firstrade.com/ ).  They do not have any account minimums.  Plus, they are cheaper than most big name brokers such as Scottrade, Ameritrade, Etrade, and Schwab.  Therefore, you don't have to worry too much about commissions eating away at your profits.  However, I would discourage you from using Zecco.  Yes, they offer 10 free trades per month, but that requires you to deposit a minimum of $2,500.  In addition, Zecco's website is not very easy to use and is not as beginner friendly as other online brokers.

Answer 3

invest ...invest, and invest, it's a great time to buy!! I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...