Betty asks…

15 Year Old Looking to Invest with Small Capital. Can I make any money and how?

I’m a 15 year old that currently holds a blogging position that pays around $9-10 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 $100 myself with the possibility of making $50 or so a week and my dad would contribute $100-200.

In short I’d most likely have around $250 to start.

Goals:

1 Year Goal- $1,200 Net Worth by June of 2010.
4 Year Goal- $5,000 Net Worth by Graduation in 2013.
8 Year Goal-$15,000 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 $250-500 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.

admin answers:

You are simply too young to open a trading account.

George asks…

15 Year Old Looking to Invest With Small Capital. Looking for the best (ROI). Can I make any money?

I’m a 15 year old that currently holds a blogging position that pays around $9-10 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 $100 myself with the possibility of making $50 or so a week and my dad would contribute $100-200.

In short I’d most likely have around $250 to start.

Goals:

1 Year Goal- $1,200 Net Worth by June of 2010.
4 Year Goal- $5,000 Net Worth by Graduation in 2013.
8 Year Goal-$15,000 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 $250-500 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.

admin answers:

You sound very ambitious. Good for you.
Feel free to open up a brokerage account, but keep in mind that no stock, mutual fund, or stock market has a guaranteed or even predictable ROI. The only exception would be very conservative, very low return things like money-market funds.
It sounds to me like you’ve learned enough to do better than average with stock investing.
Given your ambition, however, I would suggest that private investment may be the thing you’re looking for.
Start your own private investment using your money and perhaps also that of investors. This could be a real estate venture, a small retail service, a wholesale business, or whatever you think would be profitable for you and your investors.
Don’t forget us little guys once you’re at the top!

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