Im 16 years old and i was wondering if it is possible for me to invest in stocks or am i to young? If not.....

Question

How would i go about it, where would i buy/sell them, and would I need a parent to do so?

Answer 1

to invest money is classed as a contract, you have to be 18 to have any kind of contract

Answer 2

It's never too young to start investing.  All you need is a brokerage account.  However, you will need to be at least 18 years old to open an individual account.  Otherwise, you will have to open a custodial account and have one of your parents cosign it with you.

Like I said for your earlier question, I currently use Firstrade ( http://www.firstrade.com ) and, after using them for years, I am very happy with them.  With low commissions, excellent customer service, and an easy to use website, you can't go wrong with them.

Answer 3

Probably you are too young. But it is not too early to educate yourself. Try reading the Boglehead's guide to Investing. It will give you some of the basics.

As you know or will find out very little of what you learn in school is used in the "real world" - I am 60 and never had the need to use Algebra, Trig, etc. You will learn very little about investing in most schools. So learn now and you will have something you will need and use the rest of your life.I learned in my 40's and thank god that I did.

What I learned is not to invest in individual stocks but to invest is low cost index funds. There are a lot of people who will make money telling you what stocks or bonds to buy - brokers, magazines, tv shows, books etc. If you want to make money keep your costs low, diversify between large, small and foreign stocks and bonds and don't fall for the media/broker hype.

Good Luck

Answer 4

Yes, in the US you're too young to open an account without a parent or guardian.