I'm 16 years old, is it possible for me to get involved in the stock market with $100?

Additional Details
I'm 16 years old, and I thought it would be fun to invest $100 in the stock market. But the thing is... I'm not sure how... So if anyone can help by telling me how I can get started.
Thanks

Yes it is possible for you to get involved in the stock market, but you better know what you are doing, why you are doing it and how to do it.
You also will need more capital than you have now, but that should not stop you from preparing to learn about the market and the various products sold in those markets.

I started when I was 12, but I did have more than $100. Although you need to be 18 to open a brokerage account in your name, one of your parents can open a custodian account for you.

But 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 proâ€™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
How to Make Money in Stocksâ€ and 24 Essential Lessons for Investment Success both by William Oâ€™Neil

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.

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/ Schaefferâ€™s â€“ 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

Good luck on your journey, if you study well, you'll invest even better.

You would need your parent to open an UTMA or UGMA account since you are under 18.

anyone can invest in the market, but with only $100 and the current market conditions I wouldn't recommend it. The easiest and cheapest way is to make an account with an online broker, say etrade.com for example. However, with each trade they take some of your money as commission for buying the stock for you from the market. This can sometimes be a percentage of the purchase (say 3%) or a flat fee (maybe $25). With thousands of dollars this isn't a big deal, but with only $100 this is a big portion of your investment. Just make a smart decision and good luck!

yep i do it ,i started when i was 10 and now im 13 .its a difference u have trading then u have investing ,investing is sort of a long term investment ,trading ,u get ur money faster ,if u where to start trading ,i would recommend trading penny stocks with that little amount of money .go to www.otcpicks.com to get the picks of what stocks analyst think will go up .u would have to get u an acount with a online broker (thats free). if u do it correct u could turn that $100 to about $2,000 in 2 weeks. i started with a $125.00 . for professional help go to www.investopedia.com,i recommend a practice acount before real market .

wow u must be cleaver, i cant understand all that, way to complicated.

it is possible but to be honest i will read a lot on what you getting on it and keep on it whether you loose or win.
good luck!

yes it is definitely is possible. U have to get a broker to use your 100 on something as example, a popular children's toy and you can get them to flip that money, do the damn thing...

I started getting it to it when I was only 11, so yeah.

anyone can get involved. its a risky game to play though, try sticking the money in a high interest savings account or something like that.

Enter Your Message or Comment

User Name:
User Email:
Post a comment:

Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.044
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy