When is a good time to start trading?

Question

I'm 19 years old and started working for my dad at his office, making 15/hr.

I only have a couple hundred bucks to my name (my dad has been grooming some stocks for me that I have no control over), but I should bring in a couple thousand or so this summer.

Is this enough to start trading on a small time scale? If so, any ideas on specifics?

Answer 1

I think the earlier the better, because we need to make some mistakes to gain experiences. Please do virtual trading first.

Answer 2

hey there you can very well start with little cash with you and get higher returns on your investments.....the only thing is you need patience for it and you need to regularly update yourself for the stocks and then thats it you can fetch your returns in sometime and i would like to suggest you one site which will really help you with dealing in stocks .....the site is http://www.utvi.com

Answer 3

READ: The Bogleheads' Guide to Investing: Taylor Larimore, Mel Lindauer, Michael LeBoeuf, John C. Bogle

Unless you are an experienced investor, I would caution against individual stocks and get rich quick schemes. Reduce your risk and

check out Vanguard ( http://www.vanguard.com )

Now is an excellent time to put your money to work. Spread the risk by investing in a mutual fund (Vanguard's STAR is a fund of funds-a fund which buys shares in other funds-and therefore carries a lower risk) . It is comprised of 65% stocks and 35% bonds.

Make sure any high interest loans/credit cards are paid off and you have 2-3 months emergency cash before investing.

Vanguard is a low cost, no load mutual fund company. There are others; I have been with them for 30 years and retired early. Your results may vary.

Read the "Planning and Education" tab if you visti their website.

Good luck