Why is it that at the age of 16 you have "no knowledge" especially if you have study material. I started at the age of 11, and I had to dig for study material.
There's no sound reason why you should wait to invest unless you parents wont open a custodian account for you and by the wording of your question, I don't blame them, you appear to lazy to put an effort in learning what you want to do in life
If you have all this study material, why haven't you used it - you're being very foolish and childish especially if you want to go into the market. You are not a very intiutive person if you were you would have started studying. Only a fool thinks that "luck" will carry them though life
You're asking what you should do, well here's some advice for someone who started investing at the age of 11,traded thru high school and college, then spent 45+ in the industry.
Get off your lazy a-- and do something other than living off your parents, prove to them and yourself that you can be somebody and you're willing to work at it. So far you're being childish and not very realistic about what you want to do in the future.
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You're planning on have $100k by the age of 20? How will this be accomplished?
Besides that, investing your money is generally the wise decision, granted that you invest wisely and not get caught up in the speculation of the market. You're doing the right thing by studying as much as possible before putting your money at risk.
One thing you mentioned is that luck has always been on your side. Realize that luck is just happening to be on the winning side of probability. After enough time has passed, one's success/failures deviate towards the mean.
So you cannot rely on pure luck to become successful in the market - you need to be more wise and rational than the average investor.
Thanks for reading this question.Currently i am a 16 year-old money razed kid who has every plan on becoming a stock-trader,Stock-Marketer..Currently i have no knowledge on the subject but i have got books,Videos,Tutorials,Courses and emails of big investors and so in 2 years i would have probally read about enough to start making a living in this buisness.My parents want me to become a doctor but i dont want that.I am a very intiutive person and luckily luck has always been on my side.I intend to start investing when i reach 20 by then i would have accumulated $100000 and then if i pick the right stock then i can suceed.I need advice from someoneelse other than myself.I wont ask my parents.So please tell me is this the right plan for my life!!!Thankssss
