How can I start investing in the stock market at 18? ? Sakemi's Blog

I am 18 years old, still in high school, and I want to start investing in the stock market. I have close to $10,000 saved for college. However, I will be keeping most of that in CDs and my money market savings. I want to start investing not for the money, but for the experience. I plan to major in either Economics or Finance in college. When I get out of college, having 4 years of experience (no matter the amount) seems like a great investment for me. Even if I start out with a thousand or two and end up losing 25%, it is better than losing 25% when I am experimenting with bigger amounts after college.

So where would I go to start this sort of thing. I am thinking about starting at $1000 and possible going to $2000 depending on how I do. I dont wan?t to just throw it in a fund and have other people manage it for me, I want the experience. I love seeing how companies react to news, how the stock market reacts to announcements, and most of all I love trying to understand the changes in prices of stock. Where do I get started? And do I have to have a parent on this investment account with me?

Your going to need a broker of some kind who will take your money
and invest it into the stocks that you want to buy shares of. There are
so many ways to invest, so best you read up on the subject of investing.

Well, many of the on line brokers require a minimum of $2500.Some only $500.Scottrade requires only $500. You could start there.No parents necessary.You are 18.Legal age.Actually, there are a few blue chip stocks that pay about 3% dividends and that is tax advantaged.PG is one.There is some risk to these that you would not find in a CD.Some LPs pay 7%.They are not blue chip but some have very good records.

Study materials and books etc are available at National Stock Exchange and Mumbai Stock Exchange. Read those and complete that course.

In the meantime keep the money invested in Bonds.

Check out etrade or something similar or go to a local brokerage..maybe someone there could be something of a mentor.

Forex,Futures,options,Bonds
download a free platform software like MT4

bonds

For starters be careful w/ cds make sure they are 3 or 6 month since you will be going to school soon (im assuming based on your age). Dont put money in bonds they take to long to mature and interest rates are so low. However their is no reason you couldnt buy some individual stocks. However your parents would probably have to be involved, and also make sure you research stocks before buying them. cnbc as well as aol or google finance provide stock prices, fundamentals, charts, and news. However if you want the learning experience dont blindly pick stocks, research before you buy. Also dont be too quick about dismissing mutual funds most peoples retirement accounts are made up of mutual funds

The best way to start out investing in stocks is to invest in what they call an exchange traded index (ETI). An ETI is a package of stocks that are similar to those in a stock index, like the Dow, Nasdaq, or S&P500. You can then purchase shares of these indexes as though you were investing in a mutual fund. Except that your ETI will track exactly to the index it?s based on.

The reason this is a good way to start is that you?re not having to guess which particular stocks will do well and putting all of your eggs in that one basket. By investing in the ETI, you can watch the performance of all of the stocks and get a feel for how the stock market works, without putting all of your money at risk in one place.

Mutual funds are also a good investment. This is where a brokerage (like Fidelity or Vanguard, for example) hires fund managers to create investment packages out of shares of various types of stocks that they think will do well over time. And, this can be any group of stocks the fund managers chose. That is, they?re not tied to any specific index. The risk here is whether the managers know what they?re doing to where their mutual fund can at least keep pace with or outperform the major indexes. But, there?s also the potential of greater reward.

Source: http://sakemi.com/how-can-i-start-investing-in-the-stock-market-at-18/

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