What do I have to do to become an investor?
I would like to invest in other companies when I grow up.
5 answers
CareerVillage’s Answer
[Posted on behalf of a CareerVillage Professional who works in investment]
My career in finance has been focused on investing in privately owned companies that are not available via the stock market. Hundreds of thousands of companies are privately owned, ranging from local stores and restaurants to major international companies such as Toys ‘R’ Us and Outback Steakhouse. Before giving any company an investment, I need to understand how a business works including a review of customers, employees, the products or services they provide and places they are offered.
Looking back on high school, I found that the combination of math classes and English classes helped me later in college and in my career. These core skills helped me in college and are now an important foundation for my job. While math is required to analyze a business and see how it makes money, the ability to write clearly is extremely important in communicating with dozens of people at the same time. When I look back, though, I found that participating and eventually running extracurricular clubs at school offered the best way for me to see how a company. Working with my fellow students to raise money for field trips or negotiate with administrators for permission to conduct various programs at the school were the best window to see how the working world actually works.
Jared Chung
CareerVillage.org TeamJared’s Answer, CareerVillage.org Team
Also check out this answer to the related question "What is the career path to a successful career in private equity investment?" http://careervillage.org/questions/45/what-is-the-career-path-to-a-successful-career-in-private-equity-investment
FYI, Private Equity is just one type of investing. Other fields in investing include but are not limited to hedge funds, venture capital, and bond or commodities trading.
Arun’s Answer
Understand the Market
Analyze Your Finances
Assemble a Team
Mark’s Answer
As a student you'll want to pursue a well-rounded education and eventually study finance, business and industries of interest during your post secondary education. Learn if your family, friends or teachers know people who work in the field. I'm sure most will be willing to meet with you and share advice for pursuing a career in investment and what they do in a typical work day. At an appropriate age you should pursue internships to gain actual experience in the day-to-day work requirements. Most importantly, learn as much as you can during your school years as you may find your personal and career interests change over time.
Best wishes!
Mark
Blake’s Answer
All that you need to invest is to sign up for an account in an investment company (i.e. Fidelity) and then purchase the stock.
Thanks,
Blake