I'm 22 years old and I want to start investing in the stock market. Any suggestions?

I'm 22 years old and I want to start investing in the stock market. Any suggestions? Topic: I'm 22 years old and I want to start investing in the stock market. Any suggestions?
April 22, 2019 / By Wilma
Question: I'm 22 years old and I don't know much about the stock market. I don't have to much money to invest but for the sake of the question lets say that I have $3,000-$5,000 to invest right now. Any advice?
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Best Answers: I'm 22 years old and I want to start investing in the stock market. Any suggestions?

Sharon Sharon | 10 days ago
Do your homework first. Don't rush into a "hot tip" or trendy field. First, check your personal finances. Can you really afford to invest this money? Do you have an emergency fund? Do you have a steady income? Do you have debt (it's always better to pay off debt that to accumulate debt while investing)? If this money really is surplus, then what are your goals? Do you want to start funding your retirement (the earlier you start, the less you need to invest overall and the more you can gain)? Do you want to save for a house, a car, a trip? These factors will greatly influence which sort of investments you choose. Do some reading - David Bach, Suze Orman, and the "for Dummies" series are great places to start. Read up on personal finance and money management to make sure your needs are met, before jumping into investment topics.
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Sharon Originally Answered: Investing in the stock market.?
It appears that you want to daytrade. You really don't have enough money to day trade. The commission will really eat up any profits. Why not invest your money in a money market fund and add to it every month. Do some study and research on daytrading and try out different strategies until you find one that suits you. Practice paper trading while you are learning. Once you have built up enough money and knowledge, you can start trading for a living.

Paige Paige
be careful and be picky..Investigate who ever gonna be messing with your money....And WAIT... ECONOMY really sucks right now
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Mandy Mandy
Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself. Start your education by learning why you should invest, and the importance of being able to make your own decisions. See how the pros have done it. Start by reading, What Works on Wall Street by James O'Shaunessey, Beating the Street and One Up on Wall Street both by Peter Lynch, The Warren Buffett Way by Robert Hagstrom, Trading For A Living by Alexander Elder; “Mastering the Trade” by John Caster; “How to Make Money in Stocks” by William O’Neil; and The Disciplined Trader by Mark Douglas Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN read the Commentaries by Jim Jubak, Jon Markman, Harry Domash, and Liz Pullman Weston. Following the strategy lab analysts to get a feel for what the pro’s are doing and why. This site has some basic information for beginners. If any site offers free information, take it. Other website that can provide instructions and help with procedures and terminology are Investopedia.com, Stock Charts.com, and 1source4stocks.com Visit some of the more professional websites like Zacks.com, Smart Money, Schaeffers.com, Trading Trend, Trading Markets, these website will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature. You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest. Good luck on your journey
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Kimmy Kimmy
The stock market can be a very expensive training ground to learn about how to invest. If you want to make a quick buck by trading that is more gambling that investing. Can't help you with that. If you want to invest for a period of more than 5 years e.g. for retirement I would suggest you do some reading - I have listed on user friendly book and a site that has more reading material references and give out good free advice and information. A good, diversified, low cost fund is the Vanguard Star fund. This is especially good in the investment were in an IRA or Roth since it throws off income from the portion that is invested in bonds and is therefore taxable. The total stock market is an excellent choice low cost and not much taxable income but it is mostly large US companies - no international or bonds. Good luck
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Janetta Janetta
I think you are going in the right direction. Maybe I would try and diversify through different ETFs and not too much diversity within each ETF. The moderate growth ETF sounds good, maybe you could have a high growth one as well, a developing economy ETF or even a corporate bond etf for a bit of stability. You just have to get your percentages right. Even the specialist funds , for example, technology ETF. Once the portfolio has grown then maybe you should look at single stocks portfolio managed bya broker. You should look at the Portfolio, maybe quarterly or half yearly to reappraise and re-jig the protfolio if necessary. I don't know about US but here in UK there are various ways to avoid taxation on part of the protfolio. That is we can wrap an ETF in an ISA, Individual Savings Account,(free of CGT and income tax) or a SIPP (Self invested Pension Plan). i am sure there are simolar thinks in the States. As well as compound interest there is the power of equities. A company, by its nature, is designed for growth. Its directors usually benefit from ots growth so a well managed business with good products and services has every chance of success. Of course there are lots that don't and sometimes the market as a whole takes a dive. But with a bit of prudence and control a well constructed and well managed portfolio should easily avoid the worst scenarios.
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Essa Essa
Start or find an investment club. Each person can be assigned different things or companies ot research. The info gathered is presented to the group. The group decides as a whole to buy, sell or wait. There are a number of rules that must be established including how much each person will invest, how new people come in, how you decide to form a legal entity like a partnership, a corporation for tax purposes and more. All in all a investment group allows you to learn a ton and share knowledge. GL...
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Claramay Claramay
Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy. Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business. However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders? The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business. Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/16635 It's probably the best way to learn how to win with binary option
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Basemath Basemath
well seeing that you are only 22 years old you can take a lot more risk then if you were 30 or 40 since you have the rest of your life to make it back if things dont work out. first thing i suggest a cheap online broker i started using zecco.com they offer 10 commission free trades a month. so if you not an active trader you basicly trade for free. second is doing resarch. learn as much as you can like buying and selling stocks, margin accounts, shot selling options, stuff like. also it is very important that when you do start investing to be diversified you dont want to put all your eggs in one basket that will surely loose you money. well i hope this helped and good luck and welcome to the game.
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Adelia Adelia
Your first option, should be to open a retirement account. This is always a good investment, regardless of who you are. If you have fully funded your retirement account and would like other options, you should consider a DRIP Plan. They are seldom recommended by brokers due to the low rate of commissions received. However, these reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of the best strategies on Wall Street. They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan. Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases. These long-term plans are great for beginners as well as veterans. Check them out. Best of Luck
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Adelia Originally Answered: stock market questions!?
If you buy a stock and it goes up, the only way you have a real profit is when you sell the stock. The fact that is moved up is considered unrealized, selling the stock makes it realized Using E-trade is not a bad idea, but using one brokereage firm over another is not going to make your trading any better There are no :hidden:" fees, all charges and fees are available to all customers. It tis illegal for brokerage firms to have hidden fees. Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself. Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson. To continue your education select some of the following Beating the Street by Peter Lynch How to Make Money in Stocks” by William O’Neil 24 Essential Lessons for Investment Success by William O’Neil The Intelligent Investor, by Benjamin Graham One Up on Wall Street by Peter Lynch Stocks for the Long Run, by Jeremy Siegel What Works on Wall Street by James O'Shaunessey Your Money and Your Brain by Jason Zweig Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock... or Smart Money http://www.smartmoney.com/ Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fromad=1 Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/ and/or http://www.tradingsimulation.com/ After you feel comfortable with what you're tryng to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. When you are ready to go, just open an account on line with the firm. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest. Good luck on your journey, study hard and you’ll invest well.
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