However, this should not stop you from learning about the markets and the stocks traded in those markets.
Here's some websites you can visit
Naveller - http://navelliergrowth.
Investors Business Daily - http://www.investors.com/store/
Investors Hub - http://www.investorshub.com/
Investopedia - http://www.investopedia.com/
MSN - http://money.msn.com/investing/stockscou...
Naveller - http://navelliergrowth.investorplace.com...
Smart Money - http://www.smartmoney.com/
Trading Markets – http://www.tradingmarkets.com/
Yahoo Finance - http://finance.yahoo.com/
Zacks Research - http://www.zacks.com/
Good luck
"Frank" a minor CAN NOT open any type of account including a custodian account. This account must be opened by the custodian.
"Little Monster" NO brokerage firm (including Scottrade) can permit a minor to "use" a custodian account and NO one other than the custodian can "use" the custodian account - this is both civil and federal law
If you are under 18, you will have to open a custodial account, with a parent or guardian listed as the custodian.
But please learn about stocks before you start investing. Small investments can be a way to make it fun to go learn about investing, but if you just buy and sell stocks without making an effort to learn more about how stocks work, you won't learn much from just buying and selling.
The value of a stock is based on future dividends of the stock. Dividends come from profits. If someone is paying a lot for Apple, it is because they think the future profits will be very high. If Apple starts doing well, but not as well as expected, then people will lower their expectations for Apple, and the price will drop. You could lose a lot of money on a company like Apple or Google, and for you to make a lot of money from them, they would have to have earnings that are even higher than people are currently predicting.
Usually brokerages ask that you be 18 to invest, but my brokerage (Scottrade) allowed me to use a Custodial Account (in which a parent will cosign the form with you), then create my own account at 18. When I became 18, I'd opened another account (they actually don't change the current account type, so you'll have to make a new account at this point) then transferred the assets of my Custodial Account to it.
Google and Apple stock are thru the roof. So if you are a multimillionaire go for it. Otherwise invest in a nice S&P 500 Mutual Fund like the rest of us mortals.
If you are under 18, then you can have your parents invest in their name. But google and apple are terrible stocks to invest in unless you have 100s of thousands of dollars. You will only be able to buy a couple shares, and you won't get much profit.
Research about 50 smaller companies who have public stocks, then invest in the ones you believe that have the most potential.
I plan on investing on google or apple inc or something like that but I'm not sure what's the legal age to invest in stocks. Thank you in advance oh and it would be ok if you give me advice. tnx
