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kirand

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How to start investing?

I am 15 years old. I have no investing experience whatsoever. I was thinking of maybe investing in stock. I would only be able to do maybe $50-$100 a month. Where to start. Take into account that I don't know ANYTHING!! I don't know what stock to invest in or how to or anything at all. Make your answer VERY user friendly.
With that little amount of money, would I be better off just putting it into my savings account that pays a mere 0.15% interest?

949 day(s) ago

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SamirAhmed 		I am a professional investor (from home) and would like to help you out. I mentor other people and help them to learn how to invest conservatively but create an ongoing income. It takes a little work to understand but I will take all the time we need for you to learn. I am not trying to sell you anything. I ask for nothing in return, minus your dedication and ability to remain in integrity with me regarding appointments by phone for your learning. What I gain is the satisfaction of teaching people how to be successful and happy and hopefully gain some great friends along the way. My yields range from 10-20 percent monthly. My name is Brian. I can be reached at bfastlane67@gmail.com. Fair thee well..!!! Brian

Posted 949 days ago

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KathySimons 		I don't know what the minimum age is to begin investing.

I think I would first save, using a CD (certificate of deposit, which you open at a regular bank) - SEE MY CORRECTION BELOW - , until you get $500 to $1000, as you could possibly open some mutual fund accounts with that low of an amount. And I believe that the mutual fund company T Rowe Price will let you open with less than that, as long as you do automatic deposits each month into the acct.

Since you don't know much about it yet, I'd suggest a couple of books and websites first. Try
Personal Finance for Dummies
Investing for Dummies
websites:
www.daveramsey.com
www.troweprice.com
www.vanguard.com
Yahoo Finance

As an fyi, individual stocks are fairly risky, while mutual funds are not as risky. That is because mutual funds are a whole group of stocks in one fund; if one stock goes straight down, you have a whole bunch of other stocks to offset that. If you only have one stock, and it goes down - well, your whole asset has taken a loss.

What you could now now is to research a mutual fund or stock that you are interested in, and watch it just to see what it does each day on the stock market.

CORRECTION: what I meant to say was to open an online savings acct (look at bankrate.com). Some of them have rates such as 1.75%; not a lot, but better than most CDs and other savings accts right now.

Posted 949 days ago

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SamirAhmed 		You want to start off right, learn a lot and the best way to do that is to read from good sources. The best source for stock prices is http://StockPrices.net

Posted 949 days ago

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