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Is it good for a high-schooler to invest in stocks?
Is it good for a high-schooler to invest in stocks. Like i know how investment is a dangerous choice but in other way i think it's a fun and good way to make extra money.
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Alejandro’s Answer
Investing is never a bad idea as long as you´re cautious and informed when you do it! Time is your best ally, the sooner you start investing the sooner you´ll be able to reap the economic benefits. However, I would recommend for it to be just a way to make extra money, like you said. You will hardly live off your investments unless you invest a very considerable amount. Therefore, don´t neglect your academic path!
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Sheila’s Answer
Hi Xiaoming:
Investing in stocks is a great idea. I applaud you for thinking about this at a young age. My niece started investing in stocks years ago with her Dad. They would sit down on Sundays and go over stock options. Her Dad would let her pick the stock and ask her why did she select it. If the stock was not something he agreed with he would suggest she look at something else. After she marked her selection she would go on the web and research the companies before purchasing. Before you purchase anything, please do your research on the company, etc. etc. Best of luck to you!
~ Sheila
Invest for Minors • https://www.acorns.com
Top Sites for Teen Investors • https://www.teenvestor.com/teen-investment-websites
Investing in stocks is a great idea. I applaud you for thinking about this at a young age. My niece started investing in stocks years ago with her Dad. They would sit down on Sundays and go over stock options. Her Dad would let her pick the stock and ask her why did she select it. If the stock was not something he agreed with he would suggest she look at something else. After she marked her selection she would go on the web and research the companies before purchasing. Before you purchase anything, please do your research on the company, etc. etc. Best of luck to you!
~ Sheila
Sheila recommends the following next steps:
Updated
Billy’s Answer
Hi Xioming, I am so glad that you asked this question. I think it is a great idea to start your investing journey early and get some knowledge and experience behind you. These are some principles I follow:
1. Build wealth over time instead of trying to time the market for quick gains. Use time as an ally and let investments appreciate over time.
2. Build knowledge about the equities investing. Learn about the investing styles, markets, stocks, companies and free markets.
3. There is a huge emotional component to stock investing. I use mock or paper trading as practice to understand and grasp these emotions like Fear, Greed, FOMO, YOLO etc. Find the investing center emotionally so that I know how to handle market ups and downs.
4. I have worked to understand tax implications of Stocks investing. For e.g. what is the advantage of Roth IRAs?
5. Consider asset allocation strategies (Bonds/Stocks/Commodities/Real Estate/Cash). Understand instruments in each asset class (Stock, ETFs, Treasuries, Munis, Corporate Bonds etc.).
6. I watch programs like Half Time Report on CNBC to get expert analysis by investors.
I hope you find these tips useful and I wish you much luck with your investing journey ahead.
1. Build wealth over time instead of trying to time the market for quick gains. Use time as an ally and let investments appreciate over time.
2. Build knowledge about the equities investing. Learn about the investing styles, markets, stocks, companies and free markets.
3. There is a huge emotional component to stock investing. I use mock or paper trading as practice to understand and grasp these emotions like Fear, Greed, FOMO, YOLO etc. Find the investing center emotionally so that I know how to handle market ups and downs.
4. I have worked to understand tax implications of Stocks investing. For e.g. what is the advantage of Roth IRAs?
5. Consider asset allocation strategies (Bonds/Stocks/Commodities/Real Estate/Cash). Understand instruments in each asset class (Stock, ETFs, Treasuries, Munis, Corporate Bonds etc.).
6. I watch programs like Half Time Report on CNBC to get expert analysis by investors.
I hope you find these tips useful and I wish you much luck with your investing journey ahead.