Investing help please?

Question

I'm 13 almost 14 and I'm interested in stock and mutral funds I want to invest but I don't know how I can when I'm only 13. any ideas? please help

Answer 1

Unless you have $10,000 cash or $200/month to put into this, then investing isn't a good idea.  Regardless of your age.

Answer 2

OK, let's get started. You are a minor, so you can't sign a contract, but you can do the leg work and enlist some help from a parent. Here are some starting steps:

(1) pick a solid mutual fund company -- e.g. Fidelity

(2) identify a class of funds that are interesting, such as large cap funds (mutual funds investing in companies that have big total values), or international funds

(3) research the dozen or so Fidelity funds in the class until you are familiar with their manager, her/ his strategy, performance history, and what the fund does in good and bad economies,

(4) Note the minimum investment amounts and figure out if you can invest in one, two, etc. Make your picks. Starting early is so valuable that its better to make a pretty good pick now and invest more over time than make a perfect pick in a couple of years.

(5) call and talk to a rep, taking notes on how to open an account as a minor. Then get the right forms on the web.

(6) Fill out the form, double check it (including another call to the rep) and then reveiw with a parent. You'll need to send in a check, the form, etc.

(7) Read all the stuff that Fidelity sends you, even if you don't understand it at first. Read invesment books too, learning as you go.

(8) You'll do fine as long as you shoot for learning and long-term results.

Answer 3

ask you parents.

Answer 4

View It Now         StockTopper (dot) com

Answer 5

Hello dan,

Investing  money at this age is not right and sometimes is 2 dangerous, if u don't know what you're doing ur gonna lose most of your money , and thats not what you want,,

My advice to you dan is just to stay away from investments at this age, and instead try to make money online like most teenagers in your age...

there is plenty of easy ways to make money online, you can see list of these at http://www.EasyMoney2008.com  

and be careful stay away from scams , cuz they are many outthere ,

hope that helps

Answer 6

you are too young to do that. wait till u are 18. the basic things to invest are to have a pan card,have a savings banks account and a demat account, and u cant get a pancard till u are 18 and without pan card no demat account.

This is the fact, provided u are in India. ( your question is in yahoo India, so I presume u should be in India. )