 Any advice/tips for a first time buyer in the stock market? |
Which type of stockbroker to use and when is best time to invest with todays financial climate
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I was thinking of investing in A... |
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 Is a 50% stock yield good? |
I'm new to investing and just opened a scottrade account.
There is a stock that I'm looking at that has a 50.81% yield.
Is this good and what exactly does it mean?
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 Apparantly I have won the Nigerian lottery, $16m ... I need $37'000 more to pay admin fees to release it? |
| I got an email from a very kind, and in my opinion entirely trustworthy Nigerian individual saying I won the Nigerian Lottery. I admit, I didn't buy a ticket, but I guess their lottery system is ... |
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 With only $500 in hand, what Mutual Fund would u suggest? |
| With $500 availible and I am aiming at least 15% return within six months. What mutual fund would u suggest?... |
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 What should a young investor do? |
| I have been researching what type of investment is right for me for quite some time! its actually getting quite exausting because everytime i think i got it, somebody else tells me something on the ... |
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 If i received money in the amount of $1500.00? |
| what practical suggestions does anyone have as to how i should spend this money?... |
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 Is it safe for a person with a small sum in his bank account to buy stocks? |
| i have in my bank account about 780 $ and i am thinking that investing through buying shares in stock might help me in having enough money to complete my high ... |
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 Are we investors suckers for the mantra "long term investing"? |
| when every hedge fund and politician out there is causing these huge swings and ruining the markets? I have been in the markets for about 11 years and have barely made a dime by LONG TERM INVESTING. E... |
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 Since we are in a recession, is this a good idea ? |
We have a $9 trillion deficit should we all just sign the rebate check and address it to the IRS because we are going to repay that $300 with higher interest anyway?
Just remember nothing is ... |
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 Is this a lot of money? |
i heard my parents talking and they said that they are worth 7 million dollars is that a lot??
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and they are always talking about money and how careful we have to be ... |
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 Any evidence to shorting airline stock on 9/11? |
| I've heard this theory multiple times: that prior to 9/11 there was a lot of "shorting" of airline stock. In case you don't know, "shorting" means you borrow the stock ... |
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 New to Stock Market. How to choose the right stock? |
| I am New to the Stock Market. I would like to know How to go about it. Ant tips for newbees ?... |
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 Stock trading? |
| If a person buys a certain stock at a high rate and it goes down, therefore losing money. What will happen in the middle of it going down they buy more of that stock, this time at a lot cheaper price ... |
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 What are some investment opportunities for people with low income? |
| Basically I am in my 20s and I have gotten interested in investing some of my money now in hopes maybe I can start saving something for my future. I have looked into stocks I purchased some through ... |
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needhelp | I'm 16 and i am very interested in stocks, and i want to invest.. help? |
I watch Mad Money constantly, i've been watching it since i was like 13 and i think it's hilarious but i also want to look into stocks because i think it could get me some money in the long run...
how does a 16 year old junior in high school buy and sell stocks, CAN i? or do i have to get my parents to do it for me?
thanks
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YES, i know that mad money isn't the MOST reliable, and i never said that i will base my desicions off this show.. i just like the whole idea behind stocks. |
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what?
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don't listen to anyone who says that you need to be 18 to invest in stocks. they're either incredibly dumb, or lying on purpose for some reason.
you can absolutely invest in stocks if you want to. the best way to do this (if you have a job) is to go to a discount broker in your area and open a Roth IRA - it's an account that will let your money grow completely tax free if you leave it in there long enough!
since you're not interested in mutual funds, i think scottrade would be a good brokerage for you to start out with. their commissions are pretty low, and so are their minimum balances. |
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RichMonk
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I think that there couldn't be a better way for a young man to make a better future for himself other than to sacrifice his ordinary today for a superhuman tomorrow.
That said, u don't need ur parents to trade stocks for you. They don't even have to know! All u need to do is open an investor account with a stockbrocker (u could do that online), and it is a go from there.
All u do is place an order and your stock broker buys the stock if it is available and then sell whenever u give the sell order. It is so simple all u have to do is have a little money to invest.
Be sure to invest wisely and not follow hypes.
If u want more information, u could check out my website: http://yourfinancialuncle.googlepages.com.
Happy investing friend. |
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Rob K
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Have a look at www.lifestyletrader.com.au or google Aussie Rob - I am very happy with his program and the support you get. |
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muncie birder
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You will have to have one of your parents set up an account for you under the uniform gifts to minors act until you are 18. The account will be in your name but until you are 18 you can not enter into any legal contracts.
I watch Mad Money sometimes also. It is informative and entertaining. Cramer does however sometimes make some bad calls, but you will find out that it is not so easy picking the right stocks sometimes. I have sure picked a few bad ones in my time. |
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draggin78201
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So far you have received a lot of good advice, but untill you turn eighteen there are a lot of things you can still do to prepare yourself for your trading future.
What you really need to do right now is to educate yourself as much as possible in the areas of the stock market that you're interested in.
Learn how to do a Fundamental Analysis on the markets, the market sectors, the sector industries, and the individual stocks that comprise those industries. You will also need to learn how to do Technical Analysis on the stocks that interest you.
When playing the stock markets, education is your best tool.
There is also tons of research to do which will be a neverending task. Go to www.investopedia.com Register and become a member (its free), they have all kinds of information for beginning investors.
Something else you may want to try during your learning process is to find a website where you can open a paper trading account and practice the skills and strtegies that you learn about. You won't need to have anyones permission to do that, and don't need to be of any certain age, anyone can do it.
Some of the instuctors that I have learned from have told me that their 7 and 8 year old children have paper trading accounts and show some amazing profits from what they have learned from their parents.
Mad Money is an entertaining and informative program and Jim Cramer is hillariously funny sometimes. Another program that you may want to watch is Fast Money, it usually comes on right before Mad Money. It is a very informative program that deals with what is happening in the markets on a daily basis. |
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My2scents
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The easiest way to trade stocks are to open a brokerage account (TDAmeritrade, eTrade, or Scottrade). You may only be able to do this with your parents as custodian of the account.
I commend you for your interest and certainly believe the earlier the better (based on compounding or profits).
You are correct that Jim Cramer is not realiable. Jim's show is a marketing campaign to reach viewers. I would not take his recommendations seriously and while his idea that "anyone can trade" is true, "anyone can trade profitably" is highly unlikely. I'd suggest to be ready, read some additional books (Benjamin Graham's Intelligent Investor, Peter Lynch's Beating the Street or One up on Wall Street). Trading stocks profitably is complex and comments like "get me some money" do not inspire confidence that you are ready. Take the time before you turn 18 to better educate yourself about the market and trading.
Quick search of the internet shows Cramer is right 47.85% of the time. Not even 50/50 and that's considering the fact he has enough followers that they normally influence short-term movements in his track records favor. |
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Danny
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You need to be 18 to invest in stocks and shares.
Secondly, you really need to know how these things work before you go investing.
Any money invested less than 5 years is for pure speculation. So many factors affect share prices. Supply and demand, company performance, the management of the company ect. You need to take a long term view (i.e. 5 years +) in order to seriously make any profit. Even then, unless you have a lot of capital (i.e. £500,000+) you're not going to get a balanced portfolio.
You'd be best investing a small regular amount in a pooled investment plan (i.e. an OEIC) which you can do within an ISA for £50 per month - but you won't be able to do that until you're 18. You could invest in a cash ISA however as you're 16. |
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Kevin S
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It depends on the age of majority in your state, but most likely you will need your parents to do it for you in a custodial account, which will eventually be turned over to you. If you have earned income, you can open an IRA and buy and sell mutual funds. Go here for more detailed information on IRAs and custodial accounts: http://stockmarketresources.blogspot.com/2008/06/account-information.html
Best of luck to you. I'm 18, and I love the markets too. |
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Dave M
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First, you will need at least around 10,000 dollars to really be able to do it well. Then you have to be 18. But in the meantime, just do it on papertrading. You can actually go to Cramer's "street.com" site and I think they have one for you to trade on. Contact Cramer about this. Write him an email. I'm sure he will be delighted to know you have been watching his show for 3 years as a teen! And by doing that, I am sure you have a great advantage when you actually do start trading with real money. good luck. |
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Chris S
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That's great you want to start investing. Yes the investment account has to be in your parents name because you are not 18. If I were you I would open an on-line trading account, most have minimums to open like $1,000.00. The only one I know of that does not have a minimums is ING Sharebuilder (there maybe others that don't have minimums too just look around). Now is a great time to start because almost all the stocks are on sale. |
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