ro
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You can't even open a bank account let alone open a brokerage account. Put your money in a piggy bank and wait til you're old enough. Even if your parents consent only they can make the transactions and not you. |
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Ed
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I would talk to a financial advisor... and no, 14 is not too young but you will probably need an adult to help you and to co-sign since you're not legally able to enter into contracts until your 18! |
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Bhau
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Yes if you want do by yourself.
With guidance you can do.
But should get reliable guide. |
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myloveiselectricx3
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Are you serious? 14? That's way to young. Why would you want to invest in something? Enjoy life. Go buy yourself guitar hero, or go to a basketball game, I don't know but don't waste your time worrying about stocks. You'll lose enough hair worrying about stuff when you get older. No need to add stress to your life now. But if you insist upon doing something offer your math teacher the possiblilty of the "stock market game" there is a program and everything and it is a nice way to see what your getting yourself into without worrying about real money. |
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Dandy
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I think that that's a great Idea. I don't think that you can have a cd at 14 and with only hundred dollars,
but I think that you should first open a savings account at your local bank with your parents, and then while you are researching where to invest your money it can quietly sit and accrue interest. (true it won't be much, but it's better than just having it lie around your house gathering dust). Keep adding to it, just make sure that the bank doesn't charge you too much for the account.
When you've decided where to invest and have enough money, go for it. Though you might need your parents help.
Good luck |
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Dred Scott
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You must be joking right? You can't invest at 14 boy! Stick to candy and video games. Go get you a webcam and do shows for old men for money, lol. |
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LimC
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I think you are too young to start investing. Anyway if you wanna invest try forex. With $100, there isn't much you can do but there is something called leverage in forex. With $100, you can invest in a lot worth 10000 or so. Anyway you are still too young. |
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Debt Slayer
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Mutual funds are the way to go. However, since you are probably going to start college in four years, consider throwing it all in a CD or money market account. The mutual fund is designed to earn money over a period of AT LEAST 5 years. |
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