Don't believe you read about Buffett. I too was 11 when my father opened a custodian account form me. But I had to study about the markets and the various products traded in those markets and my father had to enter all the transactions. In addition I had to learn the rules & regulations that govered the markets and the products
.Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.
Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson.
To continue your education select some of the following
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Lazy Person's Guide to Investing by Paul B. Farrell
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O'Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig
Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock... or Smart Money
http://www.smartmoney.com/
Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fro...
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
Don't try to copy any one especially Buffett, the markets have changed since both he and I started, his father also owned an investment firm. Just do your best and study all you can
You are too young. 14 is really a very young age for stock trading. You need to have some knowledge in order to invest in stock market. I would suggest you to do a little bit of research before entering into this market, at least educate yourself to make a good strategy after that you can take help of a reliable automated trading system. It can help you to grab profit.
No brokerage account is going to open a trading account for someone at your age, sorry.
I'm 14 years old, and i wanted to know about opening a scottrade or any other good stock market account, but when I saw all theses abbreviations on screen I became a little confused, I heard that an 11 year old named Warren Buffett invested and is now a millionaire, I don't have to be a millionaire, I just want to make a little money afterwards. Please send me anything important I need to know beforehand.
