Stocks Europe
A teen who wants to buy stocks?
Any advice for a teen who wants to buy stocks for the first time? I’m thinking about getting a dividend re-investment plan for Pfizer or getting a S&P 500 index. Also, what happens if I’m interested in investing in a stock that is in Europe? How do I get started and do I need a stock broker?
To answer the last question first, it’s best to use ADR’s (American Depository Receipts) to invest in overseas companies. To get started, you need money and someone with a seat on the stock exchange which trades the stock you wish to buy. Scottrade is very inexpensive per trade with no other charges. Once the account is set up and money is deposited in your account, you tell them the symbol of the stock you wish to purchase. Stock brokers “help” you pick your stocks but they charge more per trade and often have other fees.
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