Investing for kids?

Question

I am 14 years old and I want to start investing and buying stocks.

However I already know that the legal age to open a Shareholder account is 18. Now if now if one of my parents cosigned to open an account, could I individually invest in stocks with my own personal money and would I be able to do so over the internet?

Oh and what is the best website for a Virtual Stock Exchange simulator?

Thanks in advance

Answer 1

Yes you can create a joint account with one of your parents at most brokerage firms.  I just think Sharebuilder would be a little expensive in terms of commission rates.  They're $9.99 per trade.  I currently use Firstrade http://www.firstrade.com.  They're only $6.95 per trade.  You should check them out.

Answer 2

If u want to do internet stock exchange u can use Think or Swim. Ask yr parent to open an account for you and trade by u.

This program is used to trade real time, and allow u to do virtual trade.

Answer 3

Just get your parents to open the account and use your own money. No one has to know a thing.

Remember to funnel your earnings to a bank in Sweden.

Answer 4

Search info. in Google or yahoo search. Hope that helps!

PLEASE VOTE as BEST ANSWER!

Answer 5

At your age stock investing would be as functional as throwing a dart at a board 50 ft away.

The BEST thing for you to learn at this stage of the game is the  discipline of regular savings. Of course you can learn this by just putting your money in a bank but WHAT fun it that.

I would suggest your family opening a mutual fund for you to invest in initially. (I know, HOW much fun is THAT) but remember, the goal is to LEARN how to save on a regular basis while at the same time accumulate some money.

Stock trading is not for the cavalier. The fees alone CAN eat up any meager earnings even a GOOD stock pick would earn you.

Do the mutual fund for maybe a year or two or three. Who knows, you might be able to make enough to pay your way through college. (8-15% compounded for 10 years ain't chicken feed-and individual stocks picked by an armature OR a professional don't do as well as  that)

Answer 6

This "INVESTMENT GUIDE" is more helpful for you to make your money to make money for you,without taking any risk.

To gain more information TO START INVESTING IN STOCK MARKET,just gothrough the site

http://www.savings4future.com .........

GOOD LUCK