Investing and teens?

Question

I want to be financial secure , when I'm order. So I was wandering if you could help me get started. i want to start investing in the start market. If you could give me tips on the best places to go to invest, how much i may need, and a good stock to invest in ..... and any other tips on invesing would help sooo much.

Answer 1

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

Trading For a Living by Alexander Elder

Mastering the Trade” by John Caster

How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by  William O’Neil

The Disciplined Trader by Mark Douglas

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.  (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why.  This site has some basic information for beginners. If any site offers free information, take it.

Other website that can provide instructions and help with procedures and terminology are

Investopedia - http://www.investopedia.com/  Stock Charts - http://stockcharts.com/

http://www.investorshub.com/  http://www.1source4stocks.com/



Visit some of the more professional websites like Zacks - http://www.zacks.com/

Smart Money - http://www.smartmoney.com/  Schaeffer’s – http://www.schaeffersresearch.com/

Some of these web sites will have advertisers who are worth looking into also.  And remember, if they offer free information, get it.

Answer 2

The best place to start is to start reading  the newspaper IBD.  

Answer 3

Investing at stock market is a good option because you can now find shares which are really good ones that are selling very cheap. If you have money for a long investment you can buy those shares and make money in the long term.