it's reading and research.
1)Determine How Much You Want to Put in the Stock Market
2)Where Will You Invest the Money?
3)What Will Your Portfolio Look Like?
4)Investing in the Stock Market is Vital to Building Wealth
Fidelity charges a commission of $8 per trade (so, $16 to buy and then sell a stock). Any other brokerage firm will charge a similar amount or a monthly fee. However, there are some mutual funds that you can buy commission-free.
My advice is that while you have so little to invest, don't throw away any of it on commissions and unnecessary taxes. Buy a few funds and hang on to them. If you want excitement you can keep practicing on your simulators.
First, it's good that you want to learn about stocks at a young age.
But there are two things you need to know, in addition to what you already know:
1) you cannot personally own stock until you turn 18.
2) there is a big difference between "investing" and "trading".
Investing means buy-and-hold-for-fifty-years.
Trading means trying to jump in and out of stocks chasing returns.
Good job. Dont watch Wolf of wall street. They dont know anything
Begin trading Penny-stocks in-aim to gain more experience.
- After enough "street-skills" consider building your portfolio(s) to larger-trading deals.
I'm 14 years old and I'm very interested in investing in stocks and the stock market in general. I have definitely learned a lot about it from a couple of books, and also my dad and cousin have been a huge influence on me and have also taught me a lot. I've also had stock simulators my phone and pc, and I'm pretty familiar on how the market works. I was thinking it would be interesting if I put my money into an account (possibly Fedelity) which is a couple hundred dollars and also a couple thousand from my dad, and have an account to trade stocks under my dads name. I think it would be a great way to learn even more while I'm still at a young age and learn to invest more wisely. Any opinions/recommendations?
