AMK
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First of all, don't listen to that Steve guy above me. You can invest $20 if you wanted.
Basically, buying stock is buying a small piece of a public company. The price all depends on how many people are buying/selling the stock.
Here's an example:
Google is at $5.00 on Monday, and you invest $50
On Tuesday morning, a ton of people buy Google stock, and it rises to $10.00
When you see it rise, you can sell all your stock in Google at 10 bucks a share. You bought it at 5 bucks. That means you get 100 dollars back, earning you 50 dollars.
Usually though, stock doesn't double overnight, it is slow and you might have to wait a few months. Lots of people buy stock LONG TERM, and don't sell their stock for years after they buy it.
You should get more info on it. You can get your parents to buy the stock using your own money. You can get lucky and earn some good cash, while learning. |
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Ice
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Everything said is a pretty good nutshell of how the stock market works. Best advice I can give you.... Do not invest a single penny in anything right now, the market is near collapse and banks are going bankrupt. If you have watched the news lately you'll see that our stock market and economy are doing very bad right now. You'll lose any money you invest. |
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Steve H
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i dont know much but like you im curious. I have found things that have said you need a minimum of 3000 dollars for a minimum investment. Look into real estate too while youre at it. There is huge money to be made there. |
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Yasamf
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go to
http://vse.marketwatch.com/Game/Homepage.aspx
to play a simulation of the stock market. Go under the "help" menu if you need help getting started. It's a bit too much to explain all at once so just give the simulation a shot and see what you think =) |
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Fugue_Rider
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I am unable to help you. I know nothing about it. |
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Mike D
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Hey, cool question. When you buy a stock you're buying part ownership in a company (a very small part). To put it very simply the price of each stock moves based on how well the company does or will do. If people believe the company will do well the price goes up, if people believe the company will do poor the price goes down. If you want to try it out you can do what's called paper trading, and it's basically where you pretend to trade stocks but with no money. Check out CNBC if you want to know more about the market, they have coverage all day long and a few good shows that tell you different things. Mad Money talks about some basics of trading, and Fast Money talks about various companies and moves in the market. Always remember to do your research, that's how the money is made. |
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itwatcheseverything
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I'm only the same age as you, but here's what I understand.
Most companies have a stock thing. Let's take the New York Stock Exchange for example. They only have a certain number of stocks. Then, people buy them. If more people want to buy them than sell them, the price goes up. If more people want to sell them than buy them, the price goes down.
Hope this helps! |
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Homer
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Under the law you are an infant. They won't open an account for you until you are 18 |
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