How to start investing as a teenager?

In your position, you really can't open any account without a minimum deposit, plus your parent's permission because the account would be in their name, most likely. I would begin by reading as much as you can on what kind of things really interest you. For example, if you want to be a stock trader, really concentrate on the stock market and read/follow as many charts as possible. Pick a sector (for example, utilities) and then focus on a few of the companies in that sector (ConEd, National Grid, etc) Really get to know the companies by tracking their performance versus the market (alpha) and the overall riskiness of the company relative to the market (beta). In time, you can expand your knowledge to other areas.

Why do all of this? If you really know one sector and how the market moves, you'll be able to make money by market timing. Add on other sectors to get comfortable with the companies you're investing in.

Maybe being an option trader could be in your best interest. You can control the amount of securities in the basket and controlling your downside risk. Seriously read about doing anything before investing. the worst mistake is not trying, and then after that, losing your money because you didn't read about what to do first.

Good luck!

Good question and I have a good answer. If I was you I would minimize risk so maximize profits in order to re-invest.

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Make absolutely SURE you contribute to your future 401(K)s...

Invest in conservative to moderate funds, never invest more than 10% in the company you work for...and even if you are a blue-collar worker, you will live VERY comfortably come retirement, when other are scrambling...

Good luck!

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