First of all, No, you can't invest in stocks as a minor directly.
Second of all, it is possible to accumulate money by investing in the stock market - but it takes both time and money. You would need to start out with at least 5 thousand dollars, and you would need to begin a personal path of self study about the stock market. This isn't something that is easy or magic. Although there is a trick -the trick is not to lose all of your money before you figure out what you are doing.
So start learning about it now - read a different book each month for the next 4 years - and look at the internet as you begin to save up $5,000. This will take a few years, I expect. There are also many videos on you tube, but you really need to build up your vocabulary and basic understanding.
Hey good luck.
Here is the problem. The feds have been "spending", "injecting", "printing money"...whatever you want to call it, to, allegedly, stimulate the economy to the tune of 85 BILLION dollars a month for YEARS. The result has not been stimulating the economy as they claim or want it to. What is has been doing is inflating the stock market to record levels. The market is due for a MAJOR correction. When this will happen is not clear, but you will not want your money in the market when that happens.
If you have "extra" cash...pay off your debts and buy assets rather than "gamble" on the stock market. If I were you I might consider buying gold or other precious metals. Stay away from diamonds...worthless. Buy useful tools and dare I say it...survival solutions. Learn how to use them.
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I agree with buying precious medals (silver and gold eagles)
Do your homework and you can do well with the stock market
Can I have more info on this?
I am turning 16, and I plan to get a job so I want to be able to save and use my money smartly. is investing in stock an effective way to accumulate money? how do I go about them as a minor? And if you can please give me some examples of good stock investments. thank you for your time!! Please no rude comments! Im trying to be as safe and smart with money as possible
