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Birds of a Feather / Teens and Their Money


Subject:  Re: Starting Out Date:  8/2/2011  6:52 PM
Author:  desertdaveataol Number:  2660 of 2683

Hello. I am a teen hoping to start investing. I was wondering, what is a good online broker for a teen who as 500 or less to start with? Or do I need to save up more before I start investing?

There are two kinds of stock buyers:

Traders must spend a large proportion of their time finding, evaluating, buying and watching and selling their stocks. They pay a lot in broker's fees and taxes. They often brag of their successes but we seldom hear of their losses.

Investors spend a lot of time finding and evaluating quality stocks which they don't have to watch like a hawk. Then they sit back and watch them grow.

I take investing one step further and invest only in stocks that pay dividends. Right now three of the big name stocks we own are PNY, SO & WTR.

Without going to a broker you can start DRIP accounts at PNY, WTR and SO for as little as $250 and/or setting up a monthly payment plan for as little as $50 a month. You can do this just by contacting the companies. NO broker = NO fees.

PNY (Been paying a dividend for over 33 ye