Im 18 no assets do I need a financial planner?

I was in class and the teacher said oh ur young u know if u start savin now by the time ur 40 you can be rich..etc..he said juss puttin 50-100 bux can turn into a lot...and I said to myself I can put 100 away/month...then nxt class I asked how do I go about makin my $ grow and he said oh tlk 2 him and I talked to sum guy in our class and we scheduled a meetin where he asked me for assets my debt how much I make etc...then we scheduled a meeting for today..I looked up his company and found out they do financial planning. I don't think I need that! All I wanted was for someone to tell me if I should open an IRA or put my money away in a savings acc and compound interest or maybe invest in mutual funds/stocks...I think from reading peoples questions here on yahoo answers as well as reading articles on investopedia.com and other similar websites I can learn how to invest money on my own and if I do well great if I do bad at least I did it on my own...what does everyone think?...(sorry I wrote to much)

I'm 22 and started trading the markets when I was 19. Here's the thing the most important thing I invested in when I was your age was my brain and learning about the market.

You don't need a financial planner, I don't have one and have learned to trade the market and I make more money each year than any of my working friends.

I read everything about the markets and trading I could get my hands on. If you are really interested in learning on how to be successful in trading and investing, learn technical analysis. I can't emphasize that enough. After a few months of study you will be able to run circles around any financial planner you will meet.

Read "Japanese Candlestick Charting Techniques" by Steve Nison, "How to Make Money in Stocks" by William O'Neill, and "The Disciplined Trader" by Mark Douglas. Read these books maybe even twice, buy them on Amazon for less and you'll know more than any teacher or financial planner can take your money to tell you.

Good luck, I was in your exact place four years ago and now I'm a successful trader in the markets. You can do it, get yourself education.

Matt

Investing on one's own is a rewarding activity, yes.

A financial planner, however, can lay the initial foundation upon which an investor can continue to grow his/her assets. It is possible to pick up tips from various sources - but one must keep in mind that, in the world of investments, a good tip today can become a bad tip tomorrow. The job of a financial planner is to understand which portfolio of investments on any given day can yield the best possible results for the investor.

I would think that one can start investing with the assistance of a financial planner and learn the ropes. Once this basic foundation has been built, a person can carry out all investment activities oneself.

congratulations.
you are about make a good beginning, which most of us were not fortunate enough, financially.
no. you do not need a financial planner for your $100 as of now.
put your money in a savings account. and let it grow .
as it grows there in your bank, start growing up in gumption, and start reading on investments.
read books, as many as you can, discuss with people, and study the markets.
by then you would possibly be thoroughly enlightened or completely confused. both these states are good- for the next step in investments.
to begin with , put your bank grown money in mutual funds. thereafter you are on your own.
good luck

Good day,
first say now what u r doing, studying doing job , how much Amount u u saved, if can give time means trade in Stock market with Subscribing to a Good Analyst, other wise going for Mutual Fund is Best. be to the point much reading ,over thinking/writing leads to confusion, think twice or thrice then take practical step. if interested for any assistance can contact us, India, Mobile:09342342645 ,yahoo ID:liyaqatulla byeee

Educate yourself - its easy. Start by reading "Personal Finance For Dummies."

You dont' need one because no offense, the one that looks for 18 year olds as clients is not the one you want.

Unless you piggyback on an existing relationship with a wealthy parent or relative, it won't work out.

Here is a free 5 step guide to financial success you can start to follow right now:

1) save every possible penny you can on a monthly basis and put it in a money market fund for now

2) maintain a s large a gap as possible between your expenses and your income. ie. lower your standard of living so you have deicretionary income and avoid debt

3) do not deviate from anything I have said to any degree

4) repeat steps 1-3 until you are 23.

5) visit a financial planner