Stocks

To further protect your online security, active links from Q&A has been disabled!

So im 16 years old and i have a job. Overall ive made about a thousand bucks so far. I was wondering how one would be able to get involved with stocks. Is there a certain age?

Best Answer

You may have to have your parents open some sort of custodial account, but you can invest. The simplest thing to do is to open an online account (for example Scottrade as someone else mentioned) and by exchange traded mutual funds. These are mutual funds that are traded on the stock market and which can be bought like stocks. I would recommend buying a few shares of a fund that tracks the S&P 500 (SPY and IVV are examples)--oh and the S&P 500 is an index of the 500 main US stocks. Quick, easy, cheap and it ensures that you'll be properly diversified. Best wishes.

Im 12 and i want 2 get into buying and selling stocks.What would be best?Help! please

Best Answer

Last week I invested $3500 in Intrinsyc listed on the Toronto Stock Exchange, purchased 6500 shares. If you look up the three year chart somewhere like www.sympatico.ca for example it appears the stock is at the beginning of a new cycle (the third consecutive). So far (first two cycles) it has peaked january/february at $1.20-$1.49 and hit lows in july/august of $0.40 - $0.50. Currently hit all-time low of $0.34 this november. I am betting it will run up to at least $1.05 in the next six months. also available at sympatico is information that Intrinsyc recently paid back $8 million dollars in debt, set a record revenue of $18 million and hired the former global sales director of Intel for 22 years to head up the companies marketing.

I have 2 questions: 1. what is the difference between common stocks and preferred stocks? 2. If you were to start a business of your own, would you organize it as a sole proprietorship, a partnership, a corporation, or a nonprofit organization and why?

Best Answer

1. Preferred stocks get priority if the company is liquidated. For other differences -- do a search online! 2. The structure of a business would depend on what the business is doing. While the first three can apply to almost anything, something that's a non-profit is not likely to be in the same line of business as a for-profit. The different types generally provide different (if any) legal protection. Do a search!

I have 2 questions: 1. what is the difference between common stocks and preferred stocks? 2. If you were to start a business of your own, would you organize it as a sole proprietorship, a partnership, a corporation, or a nonprofit organization and why?

Best Answer

1. Preferred stocks get priority if the company is liquidated. For other differences -- do a search online! 2. The structure of a business would depend on what the business is doing. While the first three can apply to almost anything, something that's a non-profit is not likely to be in the same line of business as a for-profit. The different types generally provide different (if any) legal protection. Do a search!

Im 12 and i want 2 get into buying and selling stocks.What would be best?Help! please

Best Answer

Last week I invested $3500 in Intrinsyc listed on the Toronto Stock Exchange, purchased 6500 shares. If you look up the three year chart somewhere like www.sympatico.ca for example it appears the stock is at the beginning of a new cycle (the third consecutive). So far (first two cycles) it has peaked january/february at $1.20-$1.49 and hit lows in july/august of $0.40 - $0.50. Currently hit all-time low of $0.34 this november. I am betting it will run up to at least $1.05 in the next six months. also available at sympatico is information that Intrinsyc recently paid back $8 million dollars in debt, set a record revenue of $18 million and hired the former global sales director of Intel for 22 years to head up the companies marketing.