Is this a stupid idea? Im 17, I learn to trade stocks and try and get an income?
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Is this stupid idea? watch
- Thread Starter
- 01-04-2013 19:44
- 01-04-2013 20:10
I don't quite get what the idea is exactly...do you want to learn to trade stocks do you mean?
If that's the case then I don't think so but its a risky thing to go into when you're so young and have little money to play with, just don't gamble more than you can afford to lose!
- 02-04-2013 00:13
It's not a stupid idea, but it's very risky - I've had some experience doing it with my dad on two occasions.
The first time round I actually made profit on my investment - beginners luck I presume.
The second time round I lost all the profit I had made the first time round!
So it's a game of swings and roundabouts - it's good for experience but it can go horrifically wrong.
- 02-04-2013 00:14
Well I suppose it makes sense to at least learn when you're younger; gives you more experience for when you have more cash to invest.
Whether you actually invest is your call. Take things slowly if you do, but it can be quite rewarding if you engage with your investments well e.g. voting at board meetings, visiting businesses, etc.