Im 18 years old and i have $3000 that i want to invest in the stock market what broker do you suggest and why?

While I think stock is the best investment for someone young with a long time before they need the money, I don't think that $3000 is enough money to be investing directly in stocks. Diversifying a stock investment across at least 10 (preferably 20) companies in different industries is VERY important. If everything is in one or two stocks and those take a big dive, almost the whole investment can be wiped out. With 20 stocks, one going bad won't have nearly as much impact.

To buy 20 stocks without having commissions eat up a huge percentage of the investment, I think at least $50,000 is needed.

There are two ways around this, however. One is to put the money in a mutual fund that tracks a major market index like the S&P 500 or Russell 2000. The fund will contain many different stocks in many industries, so buying one thing (the fund) diversifies the investment sufficiently. Fidelity, Vanguard, American Century, and T. Rowe Price are all fund companies that I think have good funds with low expense ratios.

Another option is to open a brokerage account and put the money into an exchange-traded fund (ETF) that tracks one of the market indexes (e.g. ticker symbols SPY, MDY, or IWM). Again, buying one thing (the ETF) actually buys a small piece of lots of different companies. For this approach, I would use a discount broker like TDAmeritrade, Scottrade, E*Trade, etc.

I would NOT use a "full-service" broker like Edward Jones, AG Edwards, Merrill Lynch, etc. I have a relative that uses one of them. The broker "schmoozes" her with birthday cards, occasional calls to ask how she and the family are doing (and oh by they way does she want to buy or sell anything?), etc. but the commissions she pays are at least 10 times what a discount broker charges (one small transaction was about $120 vs. $9.99 at TDAmeritrade) and the advice she gets hasn't proven to be any better than just buying an index fund or ETF so all she's really paying for is the "schmoozing".

I'd probably hold off on the stock market just now. Broker fees will eat up a portion of your $3000 and stock losses could potentially be heavy in the next few months. If you're adamant about investing it in the stock market, I'd probably invest it in a high yield money market or CD temporarily until the economy gets a little better and then I'd go for stocks.

Forget the broker...they will make YOU BROKER.

$3,000 isn't much for the stock market, On the other hand it can go a long way in the real estate market.

No one knows where the stock market is going. We use AG Edwards. You need to find someone you feel comfortable with, interview a few local investment people.

Stick with mutual funds

Every year the Wall Street Journal runs an experiment in which they compare stock tips from several respected traders with a group of stocks the editors pick by throwing darts at the stock listing page and the darts beat the traders fairly consistently. Just food for thought when picking a broker.

Businesses come and go,stocks rise and fall,but real estate is always going to be needed. I would go in person to County Clerk and see if the county has repossessed any real estate for non payment of taxes.
It's cheaper than going thru a real estate agent because all the county wants is the money owed.

I don't recommend you to invest in the stock market at all.

Better put your money in Belarusian bank.
You will get a 13% rate of interest with NO RISK AT ALL because all deposits are state insured.

For more details please email me at bestinvest@land.ru (with your nickname at Yahoo Answers)
Good luck!

None that is Chunk change and I'm not just saying that I'm giving you good advice put it in a low risk mutual fund that way it is diverse and can't mess up even then you will not gane much otherwise what are you gonna buy 20 shares in apple!

go with edward jones they are great, they keep contact with the clients and love their jobs, and are good at it. intel is good to invest with, target, but talk to a broker and then figure it out. check out edwardjones.com

Fideltiy becasue they work well with young people and thast where i invested

The stock market will be 20% lower by February 1st. Wait a week or so.
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