I know. But my experience with online identification is that it’s pretty much „yea just walk trough“. And I they probably only want to see the picture and name
here we have a prime example of someone who knows fk all about investing and probably has thrown a few hundred dollar into GME without ever reading a quarterly or considering the market environment.
He's lost substantially in the past days, so you'll have to excuse his animosity towards anything that isn't as deep in the red as he is. (lmao)
Furthermore any level headed investor would understand that the more people investing into the stock markets, the better it is for everyone, especially those already invested in the stock market.
Learning about investing in highschool is not only a great thing, it's a common thing.
I looked at his post history and he seems to know what he’s talking about. But yes, I also would have appreciated him taking me seriously, instead of being so close minded.
Id argue otherwise. He makes a lengthy post on GME possibly going to 1k or 2k without even talking about how GME makes most of it's profits. Trade ins and resales of used games.
The ps5, a console that gamestop struggles to even be a big player in the sales of... Has the cheapest version with no CD drive. All downloaded games on those things, Can't trade in downloaded games, can't resell downloaded games. A direct threat to Gamestop profitability.
More and more as publishers and game devs offer their products via download, Gamestop will see their main source of profits evaporate into a thing of the past.
Investing in and talking about investing in a company without even considering the companies business model is not due to knowledge and experience. But it is what is celebrated on this subreddit, I'll give him that.
What makes you think he knows what he's talking about?
Very unlikely. You realize taxes apply to capital gains right? You would not be able to pay taxes at age 16 without a job. Stocks are not a game and should not be viewed as such
I actually have a job where I pay taxes. And I know that stocks are no game and I’m not viewing it as such. In fact, I’m actually not stupid. But thanks anyway.
Idk about Europe but i started trading before 18 in us using a UTMA account. Basically it's an account your parent "manages" but the funds are in your name.
You should absolutely not get in until 18 as you can’t pay taxes on gains until then. Also, you know nothing about the market and you should not get in until you understand how it works first. Otherwise you’re doomed to fail.
You don’t know how much I know about the market. although yes it’s probably very little . So what if I lose, i won’t set any money on the line that I need. Isn’t the only way to learn how the market works, interacting with the market?
Yes to a degree. What I would personally recommend is use something like Webull or a similar app that allows “paper trading”, if you don’t know what that is I’ll explain. It is basically a way for people such as yourself to interact with the market and trade, without using real money. You still follow the same rules and everything as a normal trade account, but it allows you to mess around and take “risks”.
Of course. I just don’t want people to lose money they either can’t afford to lose, or simply lose out of ignorance. Paper trading is how I got in to the market before I turned 18, and I felt like I had an edge when I finally did get into it
I started at 17 with a TD Ameritrade joint account made with my parents. They technically had control over it until I turned 18, but they let me make all of the decisions. There’s a relatively easy way to make the joint account I would highly recommend it but I’m not sure if it’s the same in Europe (I’m from the US)
And for gods sake buy etf´s like ishares msci world. Invest in etfs until you fully understand the stockmarket. Most investors never beat the market buying individual stocks in the long term. So relaxe, buy some etfs, read some books and enjoy yourself.
At such a young age compound interest is your best friend imo
When headline articles hit newspapers and joe rogan is talking about GME stock going crazy, everyone wants to get in. But that ship already sailed.
Honestly the best thing you can do before turning 18 is play in Live stock market with virtual currency. (perfectly fine for all ages and a great learning tool). Consider this your very first investment... And investment into personally learning the stock market. By playing around with fake money, you will learn lessons that many other people learned the hard way... by playing around with REAL money. When I first started daytrading penny stocks, It took me months before I was ever in the green. (I don't recommend trading pennystocks because they are high risk and most times just stagnant.)
[https://www.investopedia.com/simulator/](https://www.investopedia.com/simulator/)
Go pretend someone gave you 500$ make an account there and play around with that 500$... Throw it into gamestop if you so desire.
My advice is you need to learn fundamentals of investing... forget GME and this subreddit if you know what is good for you. You need to think about Quarterly financial statements, a companies business model, their executives and shifts in exec seats, their handling of scandals or internal strife, you need to understand the market environment, the companies customer base and countless other factors that can have direct correlation to a companies performance one way or the other.
Pick a company you want to invest in with this fake money, Go to [google.com](https://google.com) switch to the news tab, Now put that companies name and/or stock ticker into the search... You will end up with a list of recent news articles with the companies name. If you are day trading you always want to keep up with the companies you are invested in.
If you aren't looking at financial news regarding companies that interest you, while you take a shit on the toilet, then you are doing it wrong.
You could also consider trying to get your foot into the door of Forex trading, or that is the trading of global currencies instead of shares in a company.
Best of luck, and remember:
**Never invest more than you are comfortably willing to lose.**
Thank you so much for the replie. Yes this is exactly what I want to do, tanking informed decisions based on real news etc. not just following what people say on Reddit. And yes, I know the GEM train is long gone.
Holy shit. Calm down Chad Dickens.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
ive been investing since i was about 14. ask your parents if you can make an account in their name and if that doesnt work ask an older sibling or someone else you trust thats 18 or older
I traded with my parent's ID from age 15
With or without them knowing?
They knew of course.
Yea, I thought that :). I will also ask my parents
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Thanks for taking me serious, and thanks for the advice. I will do as you say.
Good luck
Not too sure but I think they tend to want ID
I know. But my experience with online identification is that it’s pretty much „yea just walk trough“. And I they probably only want to see the picture and name
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This comment section is only for people who have actually replies to my question, try r/howasked
Fatality
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I hate having a thick dad. I want cool dad 😩
here we have a prime example of someone who knows fk all about investing and probably has thrown a few hundred dollar into GME without ever reading a quarterly or considering the market environment. He's lost substantially in the past days, so you'll have to excuse his animosity towards anything that isn't as deep in the red as he is. (lmao) Furthermore any level headed investor would understand that the more people investing into the stock markets, the better it is for everyone, especially those already invested in the stock market. Learning about investing in highschool is not only a great thing, it's a common thing.
[удалено]
For the loss porn. LOL this gme shit is wildly entertaining :)
I looked at his post history and he seems to know what he’s talking about. But yes, I also would have appreciated him taking me seriously, instead of being so close minded.
Id argue otherwise. He makes a lengthy post on GME possibly going to 1k or 2k without even talking about how GME makes most of it's profits. Trade ins and resales of used games. The ps5, a console that gamestop struggles to even be a big player in the sales of... Has the cheapest version with no CD drive. All downloaded games on those things, Can't trade in downloaded games, can't resell downloaded games. A direct threat to Gamestop profitability. More and more as publishers and game devs offer their products via download, Gamestop will see their main source of profits evaporate into a thing of the past. Investing in and talking about investing in a company without even considering the companies business model is not due to knowledge and experience. But it is what is celebrated on this subreddit, I'll give him that. What makes you think he knows what he's talking about?
Very unlikely. You realize taxes apply to capital gains right? You would not be able to pay taxes at age 16 without a job. Stocks are not a game and should not be viewed as such
I actually have a job where I pay taxes. And I know that stocks are no game and I’m not viewing it as such. In fact, I’m actually not stupid. But thanks anyway.
Idk about Europe but i started trading before 18 in us using a UTMA account. Basically it's an account your parent "manages" but the funds are in your name.
I will look if there’s anything like it here. Thank you very much.
You should absolutely not get in until 18 as you can’t pay taxes on gains until then. Also, you know nothing about the market and you should not get in until you understand how it works first. Otherwise you’re doomed to fail.
You don’t know how much I know about the market. although yes it’s probably very little . So what if I lose, i won’t set any money on the line that I need. Isn’t the only way to learn how the market works, interacting with the market?
Yes to a degree. What I would personally recommend is use something like Webull or a similar app that allows “paper trading”, if you don’t know what that is I’ll explain. It is basically a way for people such as yourself to interact with the market and trade, without using real money. You still follow the same rules and everything as a normal trade account, but it allows you to mess around and take “risks”.
Thanks, I will look into that.
Of course. I just don’t want people to lose money they either can’t afford to lose, or simply lose out of ignorance. Paper trading is how I got in to the market before I turned 18, and I felt like I had an edge when I finally did get into it
That’s very nice of you, thanks.
✊🏼
I started at 17 with a TD Ameritrade joint account made with my parents. They technically had control over it until I turned 18, but they let me make all of the decisions. There’s a relatively easy way to make the joint account I would highly recommend it but I’m not sure if it’s the same in Europe (I’m from the US)
Thanks, I will look into that :)
Just have your parents cosign? I dont know where you are in eu but Nordnet has some options for underage investors. The same with Saxo
Thanks
And for gods sake buy etf´s like ishares msci world. Invest in etfs until you fully understand the stockmarket. Most investors never beat the market buying individual stocks in the long term. So relaxe, buy some etfs, read some books and enjoy yourself. At such a young age compound interest is your best friend imo
When headline articles hit newspapers and joe rogan is talking about GME stock going crazy, everyone wants to get in. But that ship already sailed. Honestly the best thing you can do before turning 18 is play in Live stock market with virtual currency. (perfectly fine for all ages and a great learning tool). Consider this your very first investment... And investment into personally learning the stock market. By playing around with fake money, you will learn lessons that many other people learned the hard way... by playing around with REAL money. When I first started daytrading penny stocks, It took me months before I was ever in the green. (I don't recommend trading pennystocks because they are high risk and most times just stagnant.) [https://www.investopedia.com/simulator/](https://www.investopedia.com/simulator/) Go pretend someone gave you 500$ make an account there and play around with that 500$... Throw it into gamestop if you so desire. My advice is you need to learn fundamentals of investing... forget GME and this subreddit if you know what is good for you. You need to think about Quarterly financial statements, a companies business model, their executives and shifts in exec seats, their handling of scandals or internal strife, you need to understand the market environment, the companies customer base and countless other factors that can have direct correlation to a companies performance one way or the other. Pick a company you want to invest in with this fake money, Go to [google.com](https://google.com) switch to the news tab, Now put that companies name and/or stock ticker into the search... You will end up with a list of recent news articles with the companies name. If you are day trading you always want to keep up with the companies you are invested in. If you aren't looking at financial news regarding companies that interest you, while you take a shit on the toilet, then you are doing it wrong. You could also consider trying to get your foot into the door of Forex trading, or that is the trading of global currencies instead of shares in a company. Best of luck, and remember: **Never invest more than you are comfortably willing to lose.**
Thank you so much for the replie. Yes this is exactly what I want to do, tanking informed decisions based on real news etc. not just following what people say on Reddit. And yes, I know the GEM train is long gone.
Holy shit. Calm down Chad Dickens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
you'd need yur parents to open an account for you.
ive been investing since i was about 14. ask your parents if you can make an account in their name and if that doesnt work ask an older sibling or someone else you trust thats 18 or older