Required Age to Invest in Shares and buy Stock?

Question

I'm 16 years old.

first question

is sharebuilder.com any good? are there better ones while still cheap?

second question

They all ask me for my age. How old do i have to be? if i have to be older than 16, can i just use my parents names

third question

after i buy the shares, and i want to sell them, i can sell them on the same site that i bought it from right?

fourth question

i'm interested in buying VeraSun. (VSE) what do you guys think.

Answer 1

yes you can buy it but i don't know the specific age but it will be put in your parents name but when you turn the required age the stocks legally become your and your parents can't touch the investment.

Answer 2

First, get your parents to do the accounts for you. Then it's all legal and safe till your 18. That's really going to help when it comes time to transfer shares or cash also. Trust me, even though you could find ways around the age thing, it's better to use people that are older and have established credit.

Sharebuilder.com is okay, not the best, but good. I refer a lot of people to Charles Schwab, its easy, cheap, and you get all their services when you open an account!

Like I said, you can get around the age thing, but you don't need to. I had my parents do my trades as a teen and it worked out perfectly. DO NOT lie about who you are or what you are doing or anything!! Big trouble will find you no matter your age!

Yes, buy and sell, opr any other strategy all on the same site if you choose a good one.

I say yes on Verasun, and if you hold them long term I expect you'll see large returns.

Email me for any other help if you want.

Never buy anything from someone who calls you on the phone, ever!!!

Talk to a Schwab advisor, they are a big company and can help tons.

Answer 3

etrade... can start right out of the woom