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investing?
hi im interested in investing
in the stock market and stuff
like that. does anyone have
any websites or books that
would help? as i am a teen, a
teen oriented book or site
would be helpful. thanks.
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look at these forums and ask questions. thats how i did it and im 15. also look for an investment club or economics team |
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2 Words - "Motley Fool" Their website: http://www.fool.com If you want to read stuff in paper... Here is the *perfect* book for you: http://www.amazon.com/Motley-F ool-Invest... Why the Fool? Let me put it this way, when congress wanted info on what was going on with the markets during the Enron nonsense, they called Bill Mann, a Key writer for the fool. The guys are 100x more trustworthy than any other site I've found. (unlike that Jim Cramer guy). Another nice plus about the site is they've got a free "Stock Market Game" kinda thing at http://caps.fool.com Check me out I'm ranked like 10th - Flitt12 You've got a great chance, starting at 16, I didn't get to start till I was out of college. |
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Watch Jim Cramer's Mad Money. |
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They still teach economics in high school right? Take that class and learn everything you can. Then read these two books: 'One Up On Wall Street' - Peter Lynch 'The Way of the Turtle' - Curtis Faith The Motley Fool is a good site, not great, just good - and I'm a paid member of the Hidden Gems, Pay Dirt, and Stock Advisor subscription areas. No matter where you get your information from, you still have to be able to do your own independent research to make sure any picks match up with your own investment goals and risk tolerances. Stay away from the Caps boards. They're worthless and half-full of idiots who have no idea what they're doing. The Caps boards are nothing but stockpicking popularity contests. Jim Cramer is a fool. You can ignore most of what comes out of his mouth - though every once in a while he comes up with something smart. So don't ignore EVERYTHING, just learn to filter. Learn to do your own research and trust your own instincts. Get sound advice from real experts. After all, it's going to be your money you're risking. Get a subscription to the Wall Street Journal or Investors Business Daily (I subscribe to IBD, because it included online access to investors.com), and start reading everything you can about business. Good knowledge and information are the most potent weapons there are. The more you have, the better armed you'll be in the trenches. |
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Good luck with investing. I honestly haven't done much with the stock market other than my 401k. There is one website I use for other investments. You loan money to other people. I like it because you don't pay fees to loan the money and the returns aren't too bad. The minimum amount you can loan is $50.00. I have a couple of loans out there. My average return is about 13%. So far I've received payments ontime. Here is the website if you want to take a look at it. http://www.prosper.com/join/la wndude16 If you do decide to join with this link you will get $25.00 after your first loan is funded. |
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