I'm 18, currently have about $1,000 in an Optionshouse ROTH IRA.?

Good for you and your ROTH IRA account at this time and for this purpose.

You do really need to be very careful when you are thinking about buying these stocks at this time and for this purpose until you do really learn a LOT MORE about this matter and get a little more mature for this purpose and time.

When buying stocks you would NOT pay any amount of taxes at all.

Your holding period and time is what will determine your type of taxes when you do sell any of the shares of the stock that you did buy in the past tax years for that purpose and time.

MORE than 1 year and then sold at a GAIN would have LTCG to be correctly reported on your 1040 FIT return during the 2015 tax filing season on your 2014 1040 FIT return using the information from the 1099-B that the seller or payer of the amounts would send to you after the end of the 2014 tax year during the 2015 tax filing season using the IRS Form 8949 and the schedule D of your 2014 1040 FIT return for that purpose.

Hope that you find the above enclosed information useful. 11/28/2014

You pay taxes on stock when you sell it for more then what you bought it for. You pay tax on the gain. This is if you are buying investments directly. Edit: okay you probably don't pay the taxes then, what usually happens is you record all the sales compared to the prices bought the stocks for and report them on your annual tax return, but when you make the annual tax return you will pay tax on the gain. There are different taxes rates paid if you hold the stock for more or less than a year. Ordinary income/capital gains.

The common investor buys stocks via a brokerage firm. Different firms charge different fees and provide different services, but if you give them money, they will all buy and sell the stocks you want. I know of no way to buy and sell stocks without paying a fee.

I am not going to give you financial advice for free online, or stock tips to buy. However, if you have the extra after tax income a Roth is not the worst thing you can do with the money.

Roth IRA are after tax dollars that let you earn gains on the money invested and not pay taxes on those gains. Trade off is you can't take any of the money you put in out (without paying tax penalties) for at least 5 years. Also you can't take out any of the gains/interest on the Roth until you are at least 59 and 1/2 w/o paying tax penalties.You also have a limit on how much you can put in each year, but you are not close to the limit.

Optionshouse Roth Ira

if you have an IRA which is composed of stocks, you can buy and sell within that IRA to your advantage(or disadvantage) without being affected with taxes, the gains(or losses) within the IRA are not taxed

the initial purchase to establish the IRA will be the tax advantage you have for the year you started it