And do you think it would be a good idea right now? Why or why not?
NO
In order to open an account with a brokerage firm in the US, you must be 18 years of age. This is federal law and contract law.
You can have one of your parents and/or guardians open a custodian account for you uysing your social security number. Legally the custodian must enter all orders in such an account.
Yes, the sooner you start investing the better you will be as you grow older. I started at the age of 11, using a custodian.
But before you begin investing, make sure you know what you are doing, why you are doing and how to do it.
Good luck, and don't ever let anyone tell you not to invest.
Nope, you need your parents to open a account for you. Also, if you do not have AT LEAST $10,000 to invest in the market, you are best NOT investing in the market. Without at least this much, you cannot be properly diversified and trading fees will KILL your profits.
no you can not invest in the stock market. no broker/ agent would do a transaction with a minor. you cant even open up your own account online to buy stocks.
also, you would also need to pay tax as well if you happen to profit
You can have your parents open an account In Trust For you. Check out this blog with good basic making money investing info.
http://www.makingmoneyinvesting.blogspot…