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19 Year Old Interested In Stock Investing Where Do I Start?

i have about $8000 something saved from working (make $8.25 an hour) and i calculated how much i’m set to make this year and it’s around $10,000 – $13,000. so i can have about $20,000 – $22,000 saved at age 20. I want to learn how the stock market works before I can play with the big boys. Any books I can read that will inform me about stock investing, etc? Any advice from YOU is welcomed!

No Responses to “19 Year Old Interested In Stock Investing Where Do I Start?”

  1. A nobody says:

    Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.
    Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing or Dummies” by Eric Tyson.
    To continue your education select some of the following, you don’t have to read them all (it would help you) but select some that peak your interest
    Beating the Street by Peter Lynch
    Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
    How to Make Money in Stocks” by William O’Neil
    24 Essential Lessons for Investment Success by William O’Neil
    The Intelligent Investor, by Benjamin Graham
    Common Stocks, Uncommon Profits, by Philip A. Fisher
    One Up on Wall Street by Peter Lynch
    Stocks for the Long Run, by Jeremy Siegel
    Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
    What Works on Wall Street by James O’Shaunessey
    You Can Be a Stock Market Genius by Joel Greenblatt
    Your Money and Your Brain by Jason Zweig
    Websites that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks – http://www.1source4stocks.com/info/stock… or Smart Money http://www.smartmoney.com/
    Visit some of the more professional websites like Zacks Research – http://www.zacks.com/ / Investors Business Daily – http://www.investors.com/default.htm?fro…
    Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
    And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
    and/or http://www.tradingsimulation.com/
    You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
    One of the basic ruiles of investing/trading – never invest 100% or you investing capital in any one position and never have 100% of your investing capital invested at any one time.
    Good luck on journey, study hard and you’ll invest well.

  2. BoxCar says:

    Where do I start? The beginning usually works best. Just say “I don’t know nothing and I’m gonna learn something.” That’s Step 1. Step 2 is buy Stock Trading for Dummies and read it FOUR times. Keep a notebook and write down every word and term you do not understand. Look up every one of them at a site called Investopedia. Step 3 is to follow the financial news (Bloomberg or CNBC) for at least one hour every day – 7 days a week for a year. Step 4 is to read a book titled Learn to Earn by Perter Lynch. Step 5 is to stick with it. It’s like being in a foreign country and forced to speak a foreign language. You will want to quit (often) because it is hard (very). Don’t. Don’t invest anything for at least one year.
    The secret is very simple but hard to understand. Here it is. How do you make fear your friend? Here’s two hints. Great poker players know how to make fear their friend. Fear as a friend means the same as risk management. I will leave the “how to” to you. Don’t invest until you get it.
    btw Stay at home as long as you possibly can. Just keep the folks happy by helping out and maybe helping with some bills. This time at home is the best thing you have going. It is a huge gift and your big chance, so use it well. It never comes again.

  3. JOSEPH says:

    Hi! yeah yeah, I’m from the UK but investing is investing no matter where you live. Read as much as you can about finances in the local papers and elsewhere. There are magazines in the UK which advise which shares you should buy because of this or that and I am sure there are similar available in the States. Go online and open an account with a share dealing service. You will have to deposit a sum of money to cover shares you may wish to buy in the future (you can always withdraw it). Once you are registered you will have access to all the latest prices and you can enter forums with other investors and hear what they have to say about a particular company. If and when you decide to invest you can opt for a settlement date (3 days, 5days etc.) at that time your balance will be debited by the amount you owe. If the share you bought rises go with the flow but if it starts to drop you can hang on or sell and make a loss. Don’t talk about playing with the big boys just yet, They buy and sell in millions and move quicker than you can bat an eyelid. What might be of interest to you is this;- A few States are relaxing their gaming laws – that means that although America has long been against gambling on the internet various States are letting it happen because it is an easy way for them to raise money through betting taxes. A lot of companies who provide the software for online gambling are seeing their share price escalate and they are mostly UK based. One such company – 888 Holdings is one of them and its share price has increased by 70% in three months. I am not advising you to buy into this company but what I am saying is watch it and its competitors because eventually all the States will jump on the bandwagon – I think.

  4. ShedNuk3 says:

    Firstly I would recommend doing a game (I know it sounds silly but it really helps) on http://www.marketwatch.com/game/?link=MW_Nav_GA its this site where you can actually use real stocks and stuff just so if you make a bad investment you don’t blow off your money second you should go to and online stock exchange site and look at stocks that have a steady growth rate (I recommend J.P.Morgan don’t put all of your money into one stock but don’t spread your money out too much or the extra price that sites charge you per trade(usually 5-20$) will make you go bankrupt that’s all I can say other than go for it

  5. Go with the flow says:

    Not an answer:
    At 19, two things happened in my life.
    1. I moved out.
    Since I had not had a job for 1 full year, I had to give a landlord 6 months rent upfront.
    Do you think you’ll move out of your parents house soon?
    2. Also, I bought a car for cash. I could not finance or just did not want to.
    That pretty much wiped out my savings.
    Any future financial “curves” in your life?
    Do you think you will live at home until you are 20?

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