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Investing at 16

With the current colapse of the us economy stock prices have gone down very far, im 16 and I was wondering if I should buy stock now, I’ve looked into mutual fund before but never comited to anything, now that stock is cheap does anyone know a good company they have little doubt will go under but I could buy a reasonable amount of stock from to make a profit later on.

Im pretty sure its the kenedy family that bought tons of stock during the great depression and that is what lead to their current wealth.

Please help if you have a lot of stock experince

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Answer #1

Because of the liquidity of the stock market prices are always at the point where half the investors think they will go up and half think they will go down. Unless you are sure you know more than all the experts it is a coin toss which way things will go.

in my opinion the best advice is to invest based on your goals, time frame, and risk tolerance. Don’t try to time the market. I know every time I tried to get too clever with my investments I ended up loosing a lot of money.

Are we at the bottom? If we are it may be an excellent opportunity to invest but some economists think the DOW could drop below 8000 before this over. Your best bet is to invest over time using a proven stregy like dollar cost averaging or dollar value averaging. These are the only strategies that dependably beat the market.

Because of uncertainty with our domestic market it may be smart to put some of your investment in foreign investments and hard assets.

Answer #2

$1K? If you will need this money in a few years for college a 2 year CD may be your best bet. If this is extra that you won’t need in the future than a mutual fund may be your best bet. If you have a particular interest in a company than you might buy some stock. That way you get annual reports etc. Of course investing in a single company is riskier than more diversified investments.

Answer #3

If I were you I’d put my money into real estate. How much do you have to invest right now? A lot depends on that, as well as how much return you’re expecting for what type of risk.

Answer #4

im 16, so I cant invest in realestate atm. most I could invest might be oh, 1000$? I havnt invested yet.

Answer #5

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