How to make money with stocks if I am underaged?

**disneysteve** · 02-06-2016, 10:00 AM

Your mother or father can open a custodial account for you. They would be the legal account owner until you turn 18 but you can be the one managing it. Once you turn 18, they can transfer ownership of the account to you.

This is exactly what I did with my daughter for her Roth IRA. She was underage when she started the account so my name was on it initially. Once she turned 18, we changed it over to her name.

ETA: I just realized that you live in Croatia. Sorry but I have absolutely no idea how the investment system works there. If there is some equivalent of the custodial accounts we have in the US, that would probably be the way to go.

**Nutria** · 02-06-2016, 07:53 PM

Originally posted by sysko21 View Post

I'm getting full of those mow lawns sh*t... Come on people, I'm trying to make some serious money here.

Love that foul mouth, huh, kid?

And so, just please don't say something like: Kid, go and play outside or something like that... I'll be 14 soon

That's sooooooo much older and more mature than 13!!!!!!!

so I'm not that stupid not to do stuff like this...

No, just an arrogant snot.

I don't want to wait to be older to start investing or stock marketing, as soon as I start, as sooner I'll get money...

I'd start with a minimum of US$1,000.
Have you practiced with funny money? Set up a pretend trading account in a spreadsheet, and manage it for 6 months to see how you do. Then start with real kuna.

**clatoden99** · 02-12-2016, 12:43 AM

10 things I will suggest are as below
1-Identify the capital you can use for trading
2-Never use money kept for emergency use unless you like gambling
3-Identify if you can do it on your own with the amount of time you have
4-Learn and invest in the company, not the stock price. Good companies do grow over time.
5-Determine a realistic time period and growth % for your stock (whether long or short term investment). Based on your knowledge, you can pull out or continue with the stock , but for starters I will suggest setting a rule for auto trading when stock price hits a limit.
6-Don't check stock price every hour, unless you are day trading.
7-Two friends made money and you are motivated to invest blindly in the same stock? Read about the company and identify growth path for next 3 months. If you don't want to invest time, try gambling- odds maybe better.
8-Learn market calculations and how those affect you. A stock price increase of 5$ will be close to 5% for a 95$/stock company but 100% for a 5$/stock company. Of course, I will pick the one which doubles my money.
9-Don't invest in penny stocks. 80% of those companies won't have enough information available.
10-Stick to few reliable sources of information and always refer multiple websites instead of one. When reading reviews and market predictions, read about the author to know if he/she is biased to the stock.

****Again, these are just tips which I learnt and still learning more about during trades. Keeping these in mind has helped me focus and avoid all the noise. These do no guarantee profits in the market but at least will give you an idea to control loss.

**Thares1939** · 06-18-2016, 08:45 PM

Hi boy your decision to make money in stocks in very appreciative and you can make lot of money with stocks but as a newbie in stocks you need to learn it. So i would advice you to visit http://courses.wallstreetsurvivor.com. Here you can get lot of learning material to learn stocks.

**sv2007** · 06-24-2016, 09:02 AM

commission will eat you alive.

For a 13yr old, the best investment is outdoors play and hanging out with friends.

How to make money with stocks if I am underaged?