Making Money at a Young Age?

Question

I'm only 13 and recently I've been trying different programs which were simulations with the actual stock market and I've done pretty well. I've done some research and seen a few seminars. No mistakes or anything. Now how can I actually get started with the real thing whether it is online or not? I am being paid for 80 hours of work at 11 dollars an hour and I could probably get up to 1200 dollars to start up with. Please some advice and any other ways to make money. I'm saving up for a gibson les paul or sg by the way. Do not tell me to get a job. I can't.

Answer 1

You will need the help of your parents to open a stock account with a major brokerage firm.  I reccomend Charles Schwab as it is the one I use.  I'm only 22, but have been investing for a few years now.  You don't need much to start...actually I don't believe that there are any minimums to start an account.  I wouldn't start with any less than $1000 though.  Be careful in todays markets though.  I see rough things coming for the average investor who invests in mainstream vehicles.  Think outside the box.  Just because you haven't made mistakes yet doesn't mean you won't.  Remain cautious regardless of any successes.  Good luck.  

Answer 2

The stock market is a great place to make money if you know EXACTLY what you are doing. You have many years to learn this software. I have been investing in stocks for many years and have made many mistakes along the way. Now I have perfected it. Only invest on fundamentals and not technicals is my advice to you. Other than that. I think you have to be 18 to personally invest in the stock market through a broker, but do not quite me on this. You need to find an online broker. I used E-Trade for a very long time. If you want we can take a look at some stocks together. In fact if you are very serious

about this you may want to group with a bunch of very intelligent people who all collaborate and brain storm over which may be the safest stocks with the best return.