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Legal age to invest? |
At what age can you buy stock, real estate and real estate foreclousures, mutual fund etc... related to investing? Currently I am 17 and would it be possible for me to do invest in any of these? If you are currently working, you can open up a Roth IRA for Minors. This will allow you to begin investing with few penalties. 18 You must be 18 to sign a legal contract. You can start now if one of your parents will sign for you. i am 17 right now and i started when i was 16. if you have AIM im me at ktrain021if you need more info NO HOMO lol. U can start next year.. Hi, i know what your question is. You'll have to have an adult invest for you... have them setup a custodial account... when you turn 21, it's all yours. Since you legally can't sign a contract, you must have an adult establish any type of investment for you... unless of course you have a great income and happen to be an emancipated minor. |
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Don't buy mutual funds. There are too many fees involved. The cost of running the fund, paying the managers and employees all cut into your earnings. As a result, they pay advisers to recommen... I recommend you to check the website below to find more details on Investing in Mutual Funds ... The cost per share is meaningless. In the end you are still investing $X into either fund. Look at their performance history - you will see similar %/yr = but the higher-priced fund will probably s... The Fund is tax saving or not it will be specified clearly in the application form and also on the bond u have received. Normally a tax saving fund could not be redeemed within 3 years. For bet... Reinvesting proceeds does not avoid income tax. Even though you never get the money, it is still taxed. Just like interest earned at a bank that you "reinvest" in the account, it is all t... Many 529 and Coverdell plans offer a 100% Equity option. Depending on your state, you might want to look at what they have to offer internal to your state, as there might be some tax savings by us... All mutual funds you will need to pay management fees and sales charges. Management fees is invisible to you because they have already been factored for when you buy. Sales charges vary from 1.5... I hate to sound negative here, but that's kind of like walking into a Doctor's office and announcing "how do I get well?". No one can properly advise you on how to invest your ... |
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