I want to invest, but I'm just 16 and I hold solely $1000?

I have be reading up on strategy and stuff like that, and I be just wondering. How do you buy stocks? can you do it online? and where on earth? I know I'm super new to this, so any counsel would be very response. Thanks!!


Answers:    Lets see if we can kill 2 birds beside one stone here.

First off, produce sure you talk to your parents in the region of any investment decision you engender. They will have your best interest at heart.

You might strongly consider a DRIP Plan.

They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be exceptionally powerful long-term investments. Studies have shown that DRIP's are one of
the best strategies on Wall Street.

They are inexpensive and graceful to start. New investors to the stock market should patently consider a DRIP Plan.

Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and several other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share contained by most cases.

These long-term plans are great for beginners as well as veterans. Check them out.

Best of Luck, and look at respectively suggestion closely.
Do you want to invest or trade? You have to find a strategy that suits you.

Look for my post surrounded by answer to the other guy that was looking to start investing beside $100. it was more or less an hour ago.

$1000 is the least I would start stale with so you enjoy that.
Be careful and pious luck.
yes stock are good but you obligation to keep track of them to spawn sure they are making money and not lossing it. I am not sure if you can buy at 16yrs .
if you can not what you may want to do is go to the ridge and ask about cd, ira ,and other option to build your money while you are waiting.

filled out by mdntfever at
www.tappsuniqueitems.com
You my dear are truly ahead of the spectator sport and wise beyond your years, The untried Donald Trump perhaps? anyways angelic investment would be solid straight forward investments with a guarentee that they will grow over time. GIC right in a minute with any local edge are carryng intrest rates of up to 7% yearly. That would be earn u an extra 70 dollars every year profit. Really really shop around and if anyone on here says hey I can give a hand u and tries to get any personal Info on u BUYER BEWARE...in attendance is always at least possible 1 loser out there so take heed and good luck...


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