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
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
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
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.
And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
and/or http://www.tradingsimulation.com/
After you feel comfortable with what you're tryng to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. When you are ready to go, just open an account on line with the firm. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
AND penny stocks ARE NOT investment vehicles They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money. Since there are no meaningful regulations for trading only those with trading experience stand a chance of being successful trading in penny stocks. Penny stocks are not for newbies
I started when I was eleven, invested for a couple of years then traded through high school and college - Don't let any one tell you not to invest or at the least learn to invest
Good luck on your journey, study hard and you’ll invest well.
Stocks can be a suckers game. At 15 you might want some money for college in three or four years. Unless you have much time to study your investments find a decent mutual fund company like Oppenheimer or American funds. Do you have a local bank you can trust that has a person on staff that works with stocks? Do not invest anything in stocks that you might need short term. Best advice is to invest in what you believe in and not be misled by high talk. At your age long term should be your perspective but only with money you will not need.
I would love to learn all about stocks, I am a 15 year old but don't let that confuse you, I am very good with my money and I would like to invest in the stock market, I am very new to this and need to know things like:
Where to buy stocks
What should I invest in as a good long term and short term investment
How much should I invest? I can afford about 20,000 Canadian dollars
Any any thing also such as tips and tricks for it, also are penny stocks a good investment ?
Thanks in advance
