Stock Markets Exposed - I want to make money investing?

I want to make money investing?

I am 19 years old. I about 60% worried about losing money and 40% gaining income. Is it smart to invest at my age? If so, what is a good way to make money? Mutural funds, stock trades? I just want to make good money, with low risk of going bankrupt. All I want is to have a few extra dollars in my pocket!

Public Comments

Yes...it is very smart to start early and keep adding to your accounts. OK...here you go: Set up an account with vanguard and CGM, and diversify your investments as follows: these are vanguard funds: 12% VHGEX (foreign developed equities) 18% VGSIX (reits) 18% VEIEX (emerging markets 32% VBLTX (us treasuries, longer duration this is CGM's fund: 30% CGMFX (heebner's fund) This is fairly aggressive but since you are young you should be more aggressive. Keep this balance as long as heebner is the manager and re-adjust once a year.
It is great that you're thinking about it at an early age. But educate yourself first. "Investing For Dummies" is a great starter book.
Choose a stock of a solid company(s) (in or outside the USA) that you believe has a future (or a mutual fund), and that has a 3-5 year record of consistent growth of its share/stock price. Look in on its price and news articles (like through Yahoo Finance) every few days or daily to make sure nothing tragic is occurring to your particular company or stock’s value. But HOLD it (except in the event of some major free-fall). Jumping in and out (selling the shares and buying them again within 3 business days) to avoid losses is only permitted by law if you are a ‘margin trader’. As you earn money you should also buy the stock of a company in a different industry, but using the same evaluation technique as above. Eventually you should hold at least one solid company's stock in several healthy industries. This is a simple stock market plan that should serve you very well. You’ll need to contact a brokerage to start an account. I like Fidelity and Scottrade. Both have online trading. If you don’t have an IRA (Individual Retirement Account) I would start a Roth IRA as the account in which to keep your stock because all the earnings/gains are tax-free. A HUGE benefit. And max the allowed contributions whenever you can afford to. You can’t withdraw this money until age 59 ½ without a major penalty, but still the wise thing to start first. You can also start a second regular brokerage account at the same time and place whatever amount of stocks in it, if you feel more comfortable knowing you can sell off and withdraw the money anytime. You say you want money in your pocket. But you’ll have to pay capital gains tax on those withdrawals. Good luck. Jesus is Lord.
I'm investing on Prosper to earn some interest while waiting the market to go back up.
If you are just getting started as an investor, you might want to create a "practice" portfolio at http://www.top10traders.com - it's free - each month the site ranks the best performing investors. 19 is a great time to start investing. It doesn't matter how much you invest, as long as you are in the game. Just start with caution. Good luck!
Diversifying is the best way to handle your money. Shares are high risk, as you'll be aware if you've followed the market over the last few days. Never invest money in shares that you can't afford to lose. They go up and down, sometimes in an unforgiving and unsympathetic way. If you choose to invest in shares and lose all your money, it's your responsibility, and no one will weep for you! However, you can overcome the callous, inhumane world of investment by making sure you have a good collection of safe investments in your portfolio. One of my favourite products at the moment is from Zopa.com, that has just launched in the US, having been successful in the UK. It's a lending and borrowing exchange that lets you borrow directly to individuals (of GOOD credit ratings!) cutting out the banks and middlemen, so you keep all the interest. You can set your own rates, so you can make sure you always get more than a savings account. In the UK, if you apply via the following link and lend out more than £500, you'll get a complimentary £30. If you're in the US, it should automatically redirect you to the US site, and hopefully there'll be a similar offer. www.zopa.com/member/The%20Hulk I'd advise you to use this in conjunction to savings accounts, and whatever else you choose for your portfolio. I've been using this for nearly a year now, and am very satisfied with it. And the free money offer is great :-)
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I think that you have to be very careful with sites that promises a fortune or easy money. I can speak for myself when I say something like that... Actually, there's only one now that I can really trust, and it's very good. It gives you a domain name (something like www.yourname.ws and an e-mail like personal@yourname.ws), and you only have to pay $10 / month. Of course, you start making money when you invite people to your network: the more people you invite, the more you receive. I'm now, and just after one month, making about $500, so I think it's pretty good. The income will increase much more as long as my network starts to grow! You can reach $1000, or even $2000 in a short period! You can see a short video that describes how this is possible here: http://gdi.alturl.com/ Oh, and good luck! :)