I need stock help! Please!?

Question

I am 14 years old and i want to buy some stock. But my dad says no. He said he will give me imagenary 10,000 to pretend i bought stock. Over the next month we will track it and see how i did. So my question is what stocks should i pretend to buy? I have looked into apple, boeing, and some other stuff.

Answer 1

dont invest in real market just learn how to invest and tarde in market. first u login in http://www.1ka10.com .its  a online virtual stock market game which is on real indian market feeds. this portal provide the base of trading thats helps you in real investment. also this site have some unique feature like live chat with anyone who login, track anyone porfolio if it is public,get good comment and news about specific stock as well put your comments. this portal increase your trading skills as well your fan in market.

Answer 2

That,s a waste of time. Why not just think about a sector or sectors which you think will be good (or bad). Then do some reading/analysis on one or two stocks in that sector and predict whether they go up or down and, more importantly, why you think so. Have a look in a few weeks/months time and see if you were right and for the right reasons. Maybe have a small bet with your dad to add a bit of fun.

Answer 3

I started investing when I was 14, well technically my dad invested on my behalf. It is quite risky, but if you are willing to do research and wait through the bad times, you will get good returns on your money. Stocks are historically proven to give the best returns over the long haul. Look for companies that will be around for awhile or provides a service a lot of people need. This can include banks, car companies, grocery store chains, etc. Then take a look at the news. Some auto companies are flopping while some are doing well. A lot of banks are in a mess with this sub-prime mortgage thing. Look for things like that. Once you do pick a company take a look at it's profits, are they up from last year? Or down? Look at other things like debt (liabilities) and assets (things they own which can be sold). If you think you have picked a good company than wait and see. Though it appears you will be doing this more on the short term, real investing requires you wait long periods of time like a year, 5 year, 10 years or longer before you will see good returns. In your case I would watch certain sectors (groups of companies that sell similar products) For instance all banks are in the financial sector. Also don't forget to diversify, don't put all your eggs in one basket, look at a variety of companies. Instead of putting all your money in banks, invest in a couple banks and look in companies that sell stuff like computers, telecommunications (phone or internet), base materials (metals, wood, etc.), etc.

Answer 4

Your dad is right

You shouldn't be buying stock

#1, where would a 14 year old get the money from for margin

#2 you don't know what you are doing

did they teach you how to trade stock at your elementry school?

#3 you should listen to your dad in this case

Trading stock is for adults with money who know what they are doing

Those stocks you mentioned are not good buys

Unless you might be considering selling ba short

Apple is way too expensive

A possible short there too