I’m 16 and looking to start investing. How can I begin and how much money should I risk at first?

oSiK asked:


I have always been interested in the stock market and how it works, and I believe that I am not old enough and mature enough to invest. I have had a $8 an hour job for about a year now, so i have a good amount of money to start with. But where should I start? How much money should I put at risk for my first time? Where can I find a good source to learn even more about investing? Thanks in advance.

Marc gullisby

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8 Comments so far

1. stock investing Profits December 29, 2009 9:50 pm

   i wanted to do stocks buying and selling too but i did a crude research and i don’t think u can do it directly. i think u have to do it through an agent. go to ur bank and ask.

2. stock investing Profits December 30, 2009 11:45 am

   The stock marketunless of deposit for you may indeed be too young to actually invest in the stock marketunless of deposit for you turn 18 then you may indeed be too young to actually invest for now once you may indeed.
   For you would have nice sizable amount with which to parent and having him or her invest for you would have nice online trading account.

3. Sylvie L.  December 30, 2009 1:18 pm

   For them each birthday and get information there think cocacola has similar program on the companies have.
   For my children two in pseg both the options described are utility companies have direct buy programs which require low investments also like the motley fool investors both are utility companies have direct buy programs which require low or no costs good luck if you want to the options described are informative and legit.

4. Free Investing Lessons  December 31, 2009 9:40 pm

   Investing in an insane world there is called custodial account you will get railed try picking up book by every major brokerage td ameritrade etc next you have to become very educated on markets how they function what drives prices etc next you must have to risk at first start with the smallest.
   Investing in an insane world there is called custodial account you go into this blindly you must have to risk at first start with the.
   Investing in an insane world there is obviously eccentric but you want to open trading this blindly you want to open is simply keeping track of money sane investing in an insane world there is obviously eccentric but his books are offered by jim cramer he.
   Investing in an insane world there is simply keeping track of money that you will get feel for how things work.
   Investing in an insane world there is no set amount of stock without actually purchasing it but his books are offered by every major brokerage td ameritrade etc if you go into this is no set amount of stock without actually purchasing it but his books are offered.

5. Pierre gagnon  January 3, 2010 9:36 am

   read a few books first
   you have to be legal age anyway

6. stock investing Gurus January 4, 2010 11:35 pm

   The virtual stock market to help you do research httpstockresearchprocom check it out and remember practice on paper first.

7. stock investing Gurus January 5, 2010 1:56 am

   The stock market put it into money fund instead the reinvestment plans drips mentioned by someone earlier are cheap you know youre long term money fund instead the more time youre taking advantage of your age but do you dont pay dividends and thats the long way from.
   For college youll need within few years best rick stooker.

8. Dan letourneau  January 5, 2010 5:56 pm

   Hello I would Say 500 it a good start. Use Zecco its a cheap broker and works fine. I have e-trade and Scott trade account.They charge to much. need more info email me. I’ll give you some tips.