Hey I'm a 17 year old guy, I currently have a part-time job and its alright(not the best) but I want to find a way to make more money. I am really interested in the stock market and would love to invest but I need to wait until I'm 18, because my bank does not allow me until then, but is their any their way
Hey I'm a 17 year old guy, I currently have a part-time job and its alright(not the best) but I want to find a way to make more money. I am really interested in the stock market and would love to invest but I need to wait until I'm 18, because my bank does not allow me until then, but is their any their way I can invest in the stock market or are their jobsonline I can do where I make money.
This is not the way to do it. The stock market is not a magical money making machine that will make you rich. There are plenty of websites selling books or "systems" that make you dream of getting rich from stocks, but they're making their money selling books to dreamers, not from the stock market.
The stock market is full of professional investors. They offer to buy or sell stocks at what they think they are worth. If a stock looks like it will go up a lot in a year, people will pay more for it now. This means that the current price of the stock already includes all expectations for the future. There are two ways to make money on stocks:
1. Have more information than the professional investors. They think the company will make more money in the future, so the price goes up now. You, using your special information, know that the stock will go up even more than everyone else thinks it will. You buy the stock. But, let's be honest. You don't know more than the professional investors do, although there is an industry of selling books and newsletters that make you feel like you can know more than the pros.
2. What economists call the risk premium. Nobody invests in stocks to break even. They invest because they anticipate that overall, they will end up ahead. Otherwise, it's not worth taking all that risk. This means that stocks have returned about 10% per year on average, although some economists believe that in the future this may be closer to 8%. Yes, the market fluctuates a lot within that average performance, but if you think you know how to capture the rallies or avoid the crashes, you're thinking that you know better than all the professional investors, and you're kidding yourself. You might as well go to a casino, where you can calculate the exact odds of the roulette wheel landing on red.
You're not going to get rich on 10% per year. A disciplined plan of saving and investment will do better in the long run than saving alone, but stocks are not going to make you rich.
The only way to magically get rich off of stocks is to take huge risks. If you want to do that, you might as well spend all your money on lottery tickets. Maybe you'll win millions, but most likely you'll end up losing.
The better way to make more money is to get an education so that you get a better job. Contact your local community college or state university.
Get in the habit of saving your money and not having "impulse" buys. The difference between a poor person and a rich person is that the rich person doesn't spend their money on flashy new sports cars or fancy meals but rather invests and saves everything. Get a full-time job if possible, then save every penny. When you are 18, get into stocks. Buy a condo in Vancouver and rent it out so that other people give you their money. Then buy another, and another, and rent them all out; your money multiplies faster and faster. If you are willing to make sacrifices when you are young, you will be rich when you are older. Anyone can be a millionaire. And if you make sacrifices for your entire life, you can even be a billionaire. Don't vote for Bernie.
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The only way you can invest in the stock market would be for your parents to open up a custodial account at a broker for you. Most brokers require a minimum of a $500 investment to start. And of course, remember the old adage – never invest money you cannot afford to lose.
the stock market is a giant bookie run by the banks and the rich in this time of financial strangulation it is difficult to find worthwhile investments any way billions have entered the stock markets like lambs to the slaughter the last couple of weeks have stripped quite few up and down they win you lose money for old rope they used to say keep your hard earned money don't feed the bookies they don't work
You can start you trading.
1. Work at home
Computers and internet has promoted online stock trading and taken the markets to a new level. Now you can trade in stocks from the comfort of your home. With just a computer and an internet connection, now trade stocks at just a click of your mouse. Make money even at home along with your family life. This is one of the chief stock trading benefits.
2. Low commissions
Gone are the days when you were at the mercy of few stock brokers who would charge hefty large commissions on any trade done. With the advent of computers and internet, myriads of stock brokerage firms have mushroomed all over the world. Competing with each other to get the maximum clients, they offer low commissions, latest trading technologies and other facilities to attract clients. Low commission is one of the main benefits of stock trading.
3. Complete freedom
With hundreds of stocks to choose from, you have the complete freedom to invest in any stock you like. You are your own master. Do your own research and make your own decisions.
4. No time bar
Another advantage of online stock trading is that it has removed all time constraints and restrictions. You can trade stocks any time of the day and night at your convenience.
5. Make money in minutes
You can make a lot of money within a matter of minutes, if you are well educated about the trends in stock market. The time it takes to execute the trade online is the same as just clicking your mouse.
6. No investment limit
Another main benefit of online stock trading is that you are not bound to any investment thresholds. You can start trade in a stock with as low or as high of an amount that your pocket allows.
7. Quick returns
Unlike any other business, in stock trading, you do not have to wait for a long time to get your returns. Plus there are no hassles of advertising your goods or alluring the customers by offering attractive schemes.
8. No experience required
One of the other stock trading benefits online is that you do not require any formal education or experience. One just needs to collect as much information as one can to become a little stock trade savvy. With time and experience, anyone can initiating their way to stock trading start making money from day one.
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Day trading in the stock market is gambling, not investing. Long term investors in the market can expect about a 7% or 8% annual return. Everyone except professional investors who can watch the market all day should buy mutual funds and hold them. Go to Morningstar.com,
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