Thursday, July 29, 2010

I am only 17 but i am interested in getting into stocks but don't really know where to start any advise?

Get a very great discount online broker. Tradeking.com is the best, I use them. 4.95 per trade and they provide excellent tools to learn. Start with a little bit of money and practice what you learn. Investopedia.com is a great site to learn a lot too. They have a free online stock game simulator where you can learn even more and buy real stocks, real time with fake money.





After you get hang of it...start to learn option trading. That's where the real money is.I am only 17 but i am interested in getting into stocks but don't really know where to start any advise?
Rule #1 is to diversify. The more you place your money in 1 stock or even one sector, the higher the risk. Stock mutual finds are typically a way to do this. Select a highly rated fund with a good track history. Index funds, especially Equity index funds are favorites for low risk with a good diversification. They follow market trends, so if it's up, they are up. There are Contrarian funds, which buy against the market (if it goes down, you make $) but these also can lose $ in a down market. Bonds are thought to be safe, because they pay premiums, but you can lose if the value of the bond goes down.I am only 17 but i am interested in getting into stocks but don't really know where to start any advise?
Stock Market is a very risky is a very risky thing to get yourself into, I advise you to get a stock trading robot that makes money in the stock market for you. I have done this before and these robots can give you amazing results, around at least 132% of what you put into the stock market you will profit back if you have stock trading robots. try doublingstocks.com





hope this helps
I can help there is some web sites that allow to invest directly with the company . www.computershare.com , www.adr.com www.melloninvestor.com . you will need anywhere from $250 to a $1000 all depends which invest plan you choose . after you make the minimum invest after that its $25 to $100 to purchase additional shares . some plans will waive the minimum if you allow them with draw $50 month from your bank account . also check out T-Rowe Price Mutual funds they are very flexible good people to work with . His majesty is proud taking control of your financial future .feel free if need anymore advice
Click on the planning and education tabs at vanguard.com, investopedia.com and troweprice.com.

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