Stephen Cooper

New-bee

Godsend said: "Hey...what's up? I'm a total newbie...and well I was wondering if you guys can answer some questions. 1. Is there an age restricition on who can buy stocks? If so, what is it? 2. What are some of the best online trading brokers? 3. Is that the correct term, 'online trading broker' ? :p 4. Are penny stocks totally worth it at all, or is it just a bunch of patooey? 5. What's a portfolio? 6. What's the difference between a stock trade and an option trade? Hopefully all my questions will be answered through this site or the numerous books I've just ordered ;) So lateys"

SHIFTY101EASY said: "1. yes, 18. unless u get a joint account u can sorta trade under ur parents/your name, although i dono if your supposed to really. I think the idea is for them to trade on your behalf...who would know though, i guess? 2. I plan to invest in Scottrade in a little bit. 500 Dollar minimum is pretty low compared to most brokers online, and 7 dollars a trade is pretty good too i think. plus it was rated top online broker by JD Power. 3. Yes i believe so. 4. ??? duno... 5. A portfolio is all of your stocks basically. 6. i cant really explain it... [url]http://www.learninvesting.com/[/url] go there, its a good place to learn how to invest."

Heather said: "Hello and welcome. I think you need to be 18 to open up a brokerage account. A joint account might be an option. Depends on how you are planning on trading stocks. That'll do! I stay away from most penny stocks (under 10 bucks) but some are worth getting in on."