Lux Investing
17 Year Old Investing In Stocks. How can I learn more?
I'm 17 years old. I have some money to invest in stocks. I want to know how/where I can learn more before I do it. I have read a few books on basics, but not sure where else to get more advanced stuff. Any tips? :) Thanks. Appreciated. Hey InvesTools person. I play poker and over a year I have made $11,000. Started off with about $10 and turned that to $100. Then played higher stakes and have saved up $11k since then. Poker was a hobby. I was always very interested in making money and business. Read many business books and now I'm trying to get into investing. Thanks for the site :)
Public Comments
- Jim Cramer - Real Money book, thestreet.com website, and Mad Money TV show. Should be up yer alley.
- Read the Cramer books, watch CNBC or read a financial newspaper to get the macro view about the business environment, and do lots of research.
- Try going to www.InvesTools.com. By the way, if you don't mind my curiousity, how does a 17-year-old get enough money to invest in stocks (assuming it takes at least a somewhat decent amount to do much with stocks)? (Add details here to respond to me if you want, and I'll check back.) Mike
- a) the intelligent investor b) security analysis c) a financial accounting text book these books should help you out. i would make that i get at least security analysis.
- Okay... you asked. This will be a fairly extensive listing of where to go to learn about stocks, bonds, personal finance, economic issues(stock related), etc etc etc......only because you sound like you earnestly want to know. For STOCK/Mutual Fund/Options/Finance-related information: **www.kiplingers.com (more "personal finance" than stocks...but that's critical in life too...kiplinger newsletter and/or Kiplinger Personal Finance magazine!) **www.fool.com (classes to sign up for, free, etc) **www.seekingalpha.com (better for the "technical analysis" crowd) **www.whispernumbers.com (professional and non-pro opinions...group think?...play it to your advantage?) **www.yahoo.com (finance section...good site (that's free) for tracking (delayed) your stock portfolio) **www.msnbc.com (current "in-the-news" stuff) **www.morningstar.com (mostly for funds...stocks too) **www.dismalscientist.com (more MACRO-economic...for those who want to know "why, how..." things happen) **www.888options.com (Great Options site, free options DVD and classes!) **www.optionsmonster.com (Options site) **www.CBOE.com (THE Options exchange, "Learning Center"/"Options Institute"=free classes!) **www.lightbulbpress.com (easy to understand, quick read, booklets etc.) **www.street.com (Cramer's name to fame! "trader, not investor" related advice mostly!) **www.horsesmouth.com (a stock/stock market barometer!) **www.bankrate.com (good resource on rates, and much more!) And...sooooo many more... I'll save "financial Calculator" websites (for everything you can imagine, and many that you can't) for another time!!! Oh, these are "off the top of my head".....there are many others that I've gone "blank" on...and may add later, after I check my work computer (since I've saved the shortcuts on several, I don't remember the actual addresses!...silly me!!!) Study hard...don't lose your money "guessing"...study/read first...then take a "gamble?" (pun intended)...and/or find an above average/ethical professional to do the work for you. ***Oh, yeah....all of the above information should be FREE for all/overwhelming majority of the information...AND "Most traders/investors" don't know about them. Also, NEVER buy those newsletters, etc you'll get "pitched"...use these sites...and think for yourself...or hire a "personal" advisor who knows you and what your goals, needs, etc are.
