I’m a 15 year old that currently holds a blogging position that pays around -10 an hour. Over the last year the stock market has interested me greatly and I would like to join it. I had wanted to do something similar back in September of 2008. I got cold feet however and didn’t do anything. My dad is willing to help support my ambition with more capital. I have around 0 myself with the possibility of making or so a week and my dad would contribute 0-200.
In short I’d most likely have around 0 to start.
Goals:
1 Year Goal- ,200 Net Worth by June of 2010.
4 Year Goal- ,000 Net Worth by Graduation in 2013.
8 Year Goal-,000 Net Worth by Graduation of College.
These figures are just goals that I hope to make. I would love much more to make hundreds of thousands, but I know that isn’t possible without luck and a lot of work.
I’ve studied the market, read books, gotten reviews on online brokers, and learned what I could about the market. I think I still have more learning to do, but I understand the basics of rolling stocks, stocks, and call/put options.
I want to know if options are even a plausible investment for me or if I should invest in a Mutual Fund or Stocks?
(I have studied options quite a bit and I understand they are very very risky. Probably not for a beginning investor? I know a good chunk on calls/puts and covered calls. Should I even consider this?)
(Rolling Stocks or the old "Buy Low, Sell High" Is it still working these days and possible for a new investor?)
Can I make a profit at all with a 0-500 Capital Base?
What Online Broker is the best for cheap commissions, but can execute quickly and has Customer Service and a nice interface?
If anyone can help me out it’d be greatly appreciated!
I know so many questions, but I really need some final guidance.
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hanz 18th March 2010
You are simply too young to open a trading account.