Stock Market

Hello,

Well I'm 16 years right now, and in less then 2 years I will be going away to college. But I want to get some long term investments under my belt first. Within the next few months, I'll have couple $10,000 to invest into the stock market. I would like to, that awhile I'm in college, or when I get out, that I have a good amount of money waiting for me. Can someone please point me in the right direction, with where I can learn which stocks are most favorable, and the basic rules of the stock market. I know most of the fundemental stuff, but far from knowing everything.

I may be also checking out penny stocks, since its a lower investment, and I lose if it turns out bad, I lose less.

Thanks.

 

Its a good start, I would keep updated with the market as of now. Its bull/bear/bull/bear
Wait for the fed to screw up then pull the trigger, buy the company you want.

 

I don't even think you are old enough to trade.

but I'm sure you can do it under your parents name :d

 

That's what I will be doing, under my parents name.

 

Being new to this and investing in penny stocks is on the same field as going to Vegas and gambling, you'd probably do better in Vegas.

 

I am on the same boat except im a old enough to trade, so would like to see what other have to say about this

 

DON'T trade penny stocks you will lose money especially in the conditions the market is in now. Make sure you research thoroughly the company you invest in, dig through their financial statements and make sure you know all about them. I've seen people just go into the market blindly without researching and lose a lot of their original investment.

Take some courses on investing at a local college. A lot of big colleges allow you to audit courses.

P.S. this is not the best time to invest especially when it is your first time.

 

don't worry be happy

 

I would suggest Mutual Funds for you, you can get a couple mutual funds which would diversify your hold and could grow nicely over the next few years.

 

It's a great time to invest right now in stocks because the markets are down. When the economy picks up, then your stocks will greatly rise in value.

 

Paper trading would make good practice before going for the real thing. Even Warren Buffet paper traded as practice before jumping into the pool.

 

Dude you don lose less money with penny stocks you lose the same.

 

Or you could also lose more money quicker, or make more money quicker as well.

 

I have lost over $8,000 in just stocks under $3, I never go that low with a stock unless they have well known name. e-trade went there, country wide looks as if it was going to go there. Maybe some of those would be ok but not anything else.

Your holding a lottery ticket doing this, I have had the experiance throughout a year doing stocks like these.

Learn from my mistake

 

Countrywide isn't likely to go there since it was bought out by Bank of America so there is some support there.

 

It did hit the 4's then back up. But yea its not likely but it wouldn't be that hard for that company to do so lol

I still like countrywide but theres nothing there...

 

Why buy countrywide when you can buy Bank of American and get 6.5% to hold the stock while it rebounds. Assuming you want to take the risk of owning a company that now owns the liabilities of the largest mortgage underwriter.

 

I got out of countrywide along time ago, I like the bank sector as of now. I have many shares in Novagold (NG), Oracle (ORCL). Both as of now

And a few shares in Microsoft (MSFT), Harvest Energy Trust (HTE), Yamana Gold Inc (AUY)

 

this is exactly i would suggest you to go with.....great advice

 

yes but not as much as buyin stocks, but stocks is also riskier