How can I invest in the stock market?

[everinlovegreen]

Okay, this may seem like a stupid question, but I'm a teen and I really want to invest in the stock market (small amounts, just for fun). Right now all of my money is in cash... how can I use it to buy stocks?

[ThinkAboutIt]

You know right now is actually one of the best times to be investing in the stock market.
Because right now the market has lost so much Value, that a lot of stocks due to the 2008 Global Financial Crisis are right now being criminally undervalued, but maybe you should wait a little bit more.
Cause they're forecasting that Major Mood Swings you know like Up 500 Points 1 day & Down 600 Points the next, then Down 357 Points the next, & then Up 150 Points the next day will be a part of the market for the next 7 Months.

Here first learn more about the Stock Market & about Stocks here at this Virus-Free Website that will teach you a lot about the Stock Market & how it works for free & No Malware at:

http://www.stocksquest.com

[The Truth]

1. Where ever you buy your stock, they will want your Social Security number, for tax purposes.

2.. You need to get a bank account. I don't think brokers take cash. Plus if you use an online broker, you will need a bank account anyway to transfer money to your stock account.

3. Know that any profit you make is subject to be taxed after you sell your stock. Plus, any time you buy or sale, somebody gets a fee.

4. You need to find a brokerage firm. Either a real live stock broker, or an online company. These are the people that take the fees.

5. Some brokers require a minimum investment of like $1000 or $2000, so you need to find a person or online broker that doesn't require minimums.

If you buy online, be sure to find a company that charges lower fees for each trade. I bought $15.00 worth of stock yesterday and got charged a $10 fee to buy it. That sucked. But, the online place I'm using is supposed to give me $25 in a few weeks for opening an account. I figured I would get my money back like that, or I wouldn't have used that company.

I think you should try it. Study hard about the company you want to buy stock in. See what the stocks high was over the last 2 years. If it was a lot higher, then there is a chance that it will go back up, when the stock market gets better. Just make sure that the company isn't about to go bankrupt.

You can use yahoo to build a portfolio and watch the stock market. They even follow it live. Also, yahoo will help you find out about the company. They have a list of recent articles about what is going on with a company. Also, you find find out what the company makes and what kind of profits they make.

go to my yahoo, click on Add content, at the right there will be a list hit all and then click on money, then click on the ADD box stock portfolios , then click on where it says Please visit Yahoo! Finance to create your own portfolio , then click Create new portfolio, then click Track a symbol watch list
Now you are ready to start building and watching stocks you are interest in.

[radha r]

Open a demat account through which you can do ur transactions such as purchasing and selling.
This you can do through any broker they will ask your proof of addrress.

Once your account gets activated you can start doing transactions...

Yes , you are correct,1st start with small amount and be expect for losses also coz it is new for you , but if you play with this with small amount for few times other than theoritical knowledge you will be master..
Good luck

[trump7]

Yo dude dnt wori im also a teenager and investing in the stock market. First thing I sugest you do is get the two books 'The Teenage Investor' and 'The Neatest Little Guide To The Stock Market'. Then go to Yahoo stock screener and type in the requirements for your stock e.g P/E growth rate etc. For now you should start thinking about mutual funds. Anyhow if you want to get a great simulator go to http://www.virtualstockexchange.com. Oh and when you invest for real I suggest you use E*Trade.