bobe
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When I was in high school and 16 years old one of my teachers made us study up on stocks. As a lesson, each of the students in the class was to go out and invest in some stocks with what money we had available to us. At the time my mother worked for the City and we discussed my options. She received a tip from one of her workers about an upcoming company in our city called Memorex Corp. I purchased a few shares of Memorex and within a very short time my shares split 3 ways. Now that was exciting. Again, within another month or so it split 3 more times. My shares kept adding up. And finally, it split another 3 times netting me a handsome amount of money enabling me to go and purchase cash my first car. I was invited to a stock holder meeting and discovered many other people who had invested various amounts of money had basically become millionaires over night. I was amazed to learn what stocks could do under the right circumstances. My class was very enthused to hear about my results. And I learned about stocks real fast at a young age. So I recommend as a teenager to study the stock market and watch for upcoming companies on the rise and invest a little bit of money and see what you can do. It's a great lesson in life and who knows maybe you will get lucky like I did and strike gold. I wish I had some tips to offer you some good investments, but don't let that stop you from investing some disposal income in some good stocks. The whole experience taught me a lesson about becoming more independent in my life. |
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mhp_wizo_93_418
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You have to be 18 in all states to sign the legal documents to invest in the stock market.
suggest; put the monies in a high rate CD until you are 18 then invest, after you do some research and consult a financial planner.
kudoos; on looking to the future and just not blowing your money off. |
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More Lies & More Smoke Screens
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I think it would be a smart thing to do. You can never start to soon to prepare for college & retirement.
We have all three of our boys set up with investment portfolios that we started when they were born. They are now 11, 9 & 6. This is something they will have to begin putting money into when they turn 16. It will teach them to save for the furture & that you have to work for things you want & the world does not owe anyone a living. Some for college & some for life.... |
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ZORCH
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Did you know that you can make big money being a golf pro? Watch TV. Sure can. But, please notice that you don't just get a club and show up at the Open. No, you spend a lot of time learning and practicing. Years, in fact, before you get on the circuit. But, if you are determined, it can be done.
Did you know that you can make big money being a stock trader? Sure can. And it is exactly like golf. You will have to lose a number of balls in the rough and have some bad rain days, but follow the same process. If you are determined, it can be done.
And, if you have your sights on being a pro, the earlier you start learning, the better. Good luck to you. |
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Rick
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As long as your parents feel you are able to handle and invest wisely. your best bet would be to invest in a mutual fund with dividends re-invested. their are many good ones and that is for you to decide after studying and investing your time on who your investing in. the Internet is the best place to learn and you can learn a lot there good luck. |
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i_b_winkn_at_u
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Vanguard |
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BigBen
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Warren Buffet start investing at 11, and yet regret not to start much earlier! of course you can't buy & sell stocks with your own trading account, but you can utilise your parent's. once you r 18, transferred the stocks to your name. 40 yrs down the road, you wealth can be compounded to $7.5 mil from only $1000 now (25%/yr return). Isn't that too great to be true?? |
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thethingzuneed
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I doubt if anyone younger than 18 can open a brokerage account. Start reading Yahoo Finance section |
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james k
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Savings bonds are the best for starters.I think to buy stocks you have to be 18. |
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franja
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15/16 year old are children - and should be allowed to BE children!
If they have "disposable income".
I suggest they buy jelly tots or maltesers... better than some of the alternatives I've heard about! |
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