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Teenager Looking to start investing..and is in need of some help!!!?

The title pretty much says it. I'm wanting to start to invest. I have no clue where to start. Obviously I have a lot of reading up to do before I even think of starting. So, if anybody can give any words of advice, tips, good websites, books, etc I'd appreciate it a lot. Thanks =]

4 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    You might want to create a "practice" portfolio at http://www.top10traders.com/ - it's free - each month the site ranks the best performing investors.

  • 1 decade ago

    good for you. First you can not open a brokerage account in your name till you reach age 18. The account can be opened now as a custodial account with your parents as custodians. Invest at your age in only good growth stock mutual funds that have at least a 10 year average returns All brokers must give you a prospectus on any fund that you are or will consider to read carefully and study before any funds are deposited. Look also at the fees of each as that can give you a birds eye view of the past and that is a good indicator of the future. Also look at the brokers transaction fees as well.

    Good luck to a future millionaire.

    I was a registered investment banker and Registered principal and due-diligence officer in an investment banking firm some years ago. I got out because of the stress.

    I am now a mortgage banker in TN & KY

  • Anonymous
    1 decade ago

    If you are in the UK, have a look at the Investors Chronicle. Read the Financial Times occasionally. "Beginners guide to the stock market" piblished by Investors Chronicle.

    SHARES Magazine.

  • 1 decade ago

    Hello!

    Put your money in Belarusian bank.

    You will get a 13% rate of interest with NO RISK AT ALL because all deposits are state insured.

    Or lend your money privately to Belarusian entrepreneurs who will pay you over 30% interest per year. Very low risk and high rate of return.

    For more details please email me at bestinvest@land.ru (with your nickname at Yahoo Answers).

    Good luck!

    Source(s): I don't need your money and this is not a solicitation!
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