Stocks for a 16 year old

[ark94]

Well i bought my first stocks 2 weeks ago. I am not old enough, but i got it through my parents account.

I put in 1800 bucks into CA:RIM. The price was at a low, and over the years i have seen it go up and down. I am not big on stocks, but bank interest fucking blows, so i decided with my parents to get into some stocks. Anybody think it will go back up to 100 when Blackberry releases there new OS in November ish?

My parents did say though that dividends are a wise choice... no clue really how to tell if a stock is a dividend type or not, any input on that? And anything you suggest?

Thanks

 

[zedhed]

Watch the precious metals. Pick anywhere from 2 to 4 precious metals or gold and silver miners and watch them daily. Get a feel for how they move and then buy your shares. Good luck!

 

[Cory151]

Well i bought my first stocks 2 weeks ago. I am not old enough, but i got it through my parents account.

I put in 1800 bucks into CA:RIM. The price was at a low, and over the years i have seen it go up and down. I am not big on stocks, but bank interest fucking blows, so i decided with my parents to get into some stocks. Anybody think it will go back up to 100 when Blackberry releases there new OS in November ish?

My parents did say though that dividends are a wise choice... no clue really how to tell if a stock is a dividend type or not, any input on that? And anything you suggest?

Thanks

Id invest in Chipotle (CMG) and British Petroleum (BP) and then don't touch the shit for at least a decade. Oh and tech stocks have the shelf life of a Banana this AOL, Netscape, Sega, Dell etc. Start reading all you can about Warren Buffet the most successful investor thats ever lived.

 

[flex229]

pick up 2 Peter Lynch books: "Beating the Street" and "One Up on Wall Street." it's good stuff.

 

[axismundi]

Watch the precious metals. Pick anywhere from 2 to 4 precious metals or gold and silver miners and watch them daily. Get a feel for how they move and then buy your shares. Good luck!

I hope you mean buying physical bullion, as putting money into a bullion stock or trade fund is just about stupid... if I'm spending my hard earned money on bullion, I want it in my safe so I know it exists, and that it's going to in the event of anything... remember, the U.S. Government made private ownership of gold illegal once and required everyone to turn in all their gold... who's to say they won't go seize it from a company again, and who's to say company xyz really has that bullion they tell you they have...

 

[the.gladiator1987]

I hope you mean buying physical bullion, as putting money into a bullion stock or trade fund is just about stupid... if I'm spending my hard earned money on bullion, I want it in my safe so I know it exists, and that it's going to in the event of anything... remember, the U.S. Government made private ownership of gold illegal once and required everyone to turn in all their gold... who's to say they won't go seize it from a company again, and who's to say company xyz really has that bullion they tell you they have...

EXACTLY

And I would also buy silver coins, not gold, just because silver is easier to trade. Also get coins and not bars because of the same reason. Imagine having a basement full of bags of silver coins! And everyone else had nothing lolol ud be a rich man!

Silver mining camps seems good though because the price is going to rise, but still a little risky.

Im 21, and I wanna invest in some stocks for long term. What would be a good industry, oil? precious metals?

 

[axismundi]

EXACTLY

And I would also buy silver coins, not gold, just because silver is easier to trade. Also get coins and not bars because of the same reason. Imagine having a basement full of bags of silver coins! And everyone else had nothing lolol ud be a rich man!

Silver mining camps seems good though because the price is going to rise, but still a little risky.

Im 21, and I wanna invest in some stocks for long term. What would be a good industry, oil? precious metals?

Yeah, and buying silver I'd buy American Eagles... you are going to pay a slight premium per ounce, but it's better than buying rounds or bars with random crap on them as people will see an American Eagle and be far more inclined to believe that it is in fact silver, and is the purity it represents. Or I'd buy bars/rounds from APMEX or some other big name in bullion, that way you can move them easier need be, and if the SHTF and currency is worthless, an American Eagle is more likely to stand up as a replacement currency for bartering than a Mickey Mouse silver round.

 

[the.gladiator1987]

Yeah, and buying silver I'd buy American Eagles... you are going to pay a slight premium per ounce, but it's better than buying rounds or bars with random crap on them as people will see an American Eagle and be far more inclined to believe that it is in fact silver, and is the purity it represents. Or I'd buy bars/rounds from APMEX or some other big name in bullion, that way you can move them easier need be, and if the SHTF and currency is worthless, an American Eagle is more likely to stand up as a replacement currency for bartering than a Mickey Mouse silver round.

Good to know bro, thank you.

Now what kind of stocks would you buy right now, say if you were to not get into precious metals as far as stocks go, because you are getting them physically..?

 

[axismundi]

Good to know bro, thank you.

Now what kind of stocks would you buy right now, say if you were to not get into precious metals as far as stocks go, because you are getting them physically..?

Eh I dunno, I'm weary of the stock market period, I contribute to my 401k and pick what funds it goes to inside there myself, and the ratios and what not... and do alright... but the only stock I actually own is my employer, I have 3% of my check just go into it, as we've done nothing but grow since the day they opened their doors... other than that I'm weary of stocks.

DRIP's are always a good idea though if you do decide to do stock (dividend reinvestment program, the dividends that get paid out per share every quarter, get rolled back into the plan... plus DRIP's are automatic set $ amounts purchased monthly, so you get the benefit of dollar cost averaging and can buy fractions of shares).

 

[the.gladiator1987]

Eh I dunno, I'm weary of the stock market period, I contribute to my 401k and pick what funds it goes to inside there myself, and the ratios and what not... and do alright... but the only stock I actually own is my employer, I have 3% of my check just go into it, as we've done nothing but grow since the day they opened their doors... other than that I'm weary of stocks.

DRIP's are always a good idea though if you do decide to do stock (dividend reinvestment program, the dividends that get paid out per share every quarter, get rolled back into the plan... plus DRIP's are automatic set $ amounts purchased monthly, so you get the benefit of dollar cost averaging and can buy fractions of shares).

Damn bro my work doesnt even make enough to pay the bills the owner has to put his own money in each month to keep it running lol

Im def gonna do the DRIP. I just read about it and that way you are more inclined to leave the money in there without touching it. I wonder why nobody recommends stocks in Walmart, Apple, Google, etc?

 

[axismundi]

Damn bro my work doesnt even make enough to pay the bills the owner has to put his own money in each month to keep it running lol

Im def gonna do the DRIP. I just read about it and that way you are more inclined to leave the money in there without touching it. I wonder why nobody recommends stocks in Walmart, Apple, Google, etc?

Google was highly recommended just before and after their IPO, however it's absurdly expensive, and has come down from it's peak... Apple climbed high to wear it is, and doesn't fluctuate much although they make impressive revenue each year. Walmart is an alright stock to have, and they have a DRIP program over at computershare but, I'm not a fan of Walmart... I don't like handing my money over to the chicoms, and I've had family and friends worked there and be treated absolutely horrible, it's a company that does not care about it's employees one bit.

 

[the.gladiator1987]

Oh you cant use DRIP programs for any stock company?

I guess part of the game is getting into something you think is gonna blow up, and sell them at their peak. I wish there were stocks that were good for long term and that you KNEW would always be in business.

 

[axismundi]

Oh you cant use DRIP programs for any stock company?

I guess part of the game is getting into something you think is gonna blow up, and sell them at their peak. I wish there were stocks that were good for long term and that you KNEW would always be in business.

It's up to a company if they want to offer a DRIP or not. Computershare has programs for many of them. I can't post links yet but if you google "computershare drip" the first link should say

BLACKROCK LIMITED DURATION INCOME TRUST, DRIP, 1, $0.00, View · Enroll Now ..... without express written permission of Computershare Limited is prohibited. ...

That link has a list of all the companies they offer DRIP for. Each one will have it's own minimum purchase amount. You can also enroll in the plans from that page.