1. Your Questions About How To Invest In Stocks For Kids
James asks…
I know nothing about investing, I want to put money away for my
kids college retirement, What do I do?
What do I do? I want to invest but not in stocks were I where I would loose money. What Do I
invest for kids I may have some day and their college education? Also is there something I can
invest in for my own retirement? I don't trust social security!
How much is enough? Like $500.00 or 5,000.
And how long?
Steve Winston answers:
I would suggest you look into sharebuilder.com, now owned by INGdirect. You can set up a
Roth retirement account and your kids college coverdall accounts. If you don't like (individual)
stocks, go for the Exchange Traded Funds or ETF. They are a group of stocks that follow a
particular sector. Much less risk than with individual companies and very good for slow steady
growth. There of course is some risk. To avoid all risk, you would have to stick to FDIC insured
choices such as CD's, but they probably won't do as well.
How much to invest depends on how old your kids are and how long until retirement. Fund
retirement first, your kids can always get student loans, you can't get a retirement loan.
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2. Paul asks…
As a first generation american, how do you learn what American
people do?
without having much contact with Americans..All the contact i have is with myparents who are
from mexico, and i'm not a man with lots of friends, so oi'm pretty much a loner. I'm puzzled, like
i hear about Americans haveing a "College fund" for their kids to go to college. We never had
that in our family, my parents were poor peasants from the ranch... and then i hear about,
things like
americans investing on this and that. He he he, i'm just a siimple guy, how do i learn about all
these things other americans do, if i don't have direct experience with that kind of culture. Here
are other things i don't get:
-Sleepovers...i know what it means after watching it in tv, but i don't quite understand that
-Stocks and investing in stocks
-giving kids an allowance.. What's that? My parents never gave me anything like that
-highschool proms.most kids that went were assimilated American kids, not people lik me.
I'm 26 years old now by the way
Steve Winston answers:
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3. Just move into a trailer park, then you will be a true american
Sandy asks…
how do i invest in yahoo or buy stocks in yahoo?
I'm tired of sales and tired of working my butt off for pennies. i got some extra money saved up
and want to turn it over to extra income. i don't know the stock market,but could use some
pointers. any thoughts. i have 4 kids and need the help.
Steve Winston answers:
Open an account with a stock broker and buy YHOO stock.
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4. George asks…
HOw can a 13 year old kid buy stocks?
I recently learned that 13 year olds can buy stocks and i am serious and commited to making
some money. i would like to know what is the best thing for a 13 year old kid buy stocks please
help
Serious answers only
PS i will most likely be investing in penny stocks
Steve Winston answers:
Many new investors are lured to the appeal of a penny stock due to the low price and perceived
potential for rapid growth, which can appear to be occurring if the stock is being promoted.
However, severe loss can occur and many penny stocks lose all of their value in the long term.
Accordingly, the SEC warns that penny stocks are high risk investments and new investors
should be aware of the risks involved.
See More at:
http://penny-stocks.sealava.com/
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Read More… http://buystocksmakemoney.com
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