Investing?

Question

Hi, I am a 16 year old and I have been looking into investing. I do not have great knowlege on the subject, and I am looking for some information on it. How old do you have to be? How much money do you need to get started. Is there a way around risk, which I mean by knowing which stocks will go up or down. What kind of responsibilities would I have in ensurring that I get the best out of it. Is there anything I can do now to get a head start? Any help would be great, especially from those who are experienced investors. Thanks

Answer 1

Go to www.fool.com and create a profile.  Mine is Slave2Stocks.  Once you have created a profile, you can pick a bunch of stocks to either outperform the market or underperform the market.  It will track your picks and you'll be competing against 60k people or so.  It's fun and a little competition, so it doesn't cost you anything and turns learning about stocks, news, investing, and different sectors into entertainment.  Honestly, the best way to invest is to be interested in it.  It can be very interesting, but if you're not interested, you could get into trouble quickly.  Markets shift, economies shift, speculation about future investment shifts, etc.  You have to stay on top of what is happening in the world.  So, the first key is to get involved, at no cost to yourself.  Watch the news.  Watch investment shows, like Mad Money (although don't bank on Jim Cramer's picks), Bulls and Bears, etc.  Become familiar with why they pick the stocks they pick, and why they don't like particular stocks.

Also, it would help if you got a book on basic investing so you can know what some of the terminologies are, like PE ratio, or revenues, or quarterly earnings and dividends, etc.

Then try to make your first picks successful ones so you don't freak yourself right out of the market.  I like Apple.  It's a solid stock and has grown significantly.  I think it has quite a future ahead of it still.  Also, you can see how many people like it or don't like it on the site, www.fool.com.

The link is below.

Answer 2

You can start to trade fake money by register a online trading company like Optionxpress and Think or Swim. This is the platform that you can learn how to trade stock and option. Beside that learn trading method and do practice so that you have confident on your self and the trading method.

Answer 3

Here are some best websites offering free tips on share trading.

You can get timely email alerts also,

http://online-trading1.blogspot.com/

Answer 4

Here's a good place to start.

http://www.FinancialSense.com

Spend about 3 hours per week (on the weekend) and listen to the Financial Sense Broadcast. (FSN Broadcast)

In 3 years you'll know more than about 80% of the people investing in the United States.

Answer 5

Better open a high yield account in a bank in Eastern Europe. You will get a 12% APY with NO RISK. All deposits are insured by the government.

12% annual return is guaranteed

I have opened such a high yield account 5 years ago. Email me for more info.

Good luck!