1) Penny stocks are SCAMS. Read the SEC warning link below.
2) Do not get investing advice from movies.
3) Youtube is for cat videos, not stock advice
4) Get-rich-quick schemes do not work.
5) Until you are 18, a parent would have to open a custodial account for you.
If you are serious, you need to start with a few books. Here are two suitable for age 13.
One Up On Wall Street - Peter Lynch
A Random Walk Down Wall Street - Burton Malkiel
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I agree with Johan. Invest in an index fund that will only gain and not lose. Investment is a commitment, not a get rich quick relationship, unless you like to gamble with your money. You are young, put it into a safe account, so the money that is growing can help pay for college. Also, I don't know of any 13 year old that can invest $300 a month.
Read the books that Jerry recommended. They will teach you much more than the Wolf of Wall Street.
In the mean time, put that $300 a month into an ETF- an index fund - , which is easy, safe, and you don't need to know what you're doing. The earlier you start investing, the more your money will grow, but stick to index funds until you know what you're doing.
Investing in stocks can be tricky business. In fact, it's best to treat all of your investment pursuits as a business. Stock or amount investing before analysis all details very important.
Ok so I want to become rich I am 13 years old and I am going to invest 300 dollars a month will that make a difference and with penny stocks could I just sell them on the phone like Jordan belfort did just like in my room... And what kind of stocks do I invest in
