Should I invest in stocks?

Question

I am 19, started making money not long ago but a few grand. I don't have a job, can't get one it seems and I have a shopping problem so I need to make up for it. I signed up for stocks such as Etoro, I want to invest because I heard you can make profits, but I don't want to put too much like £1000 or 500. Should I invest, is it a good way to make money and how do I guarantee more money?

Mohammed Abbas · Answer

first you need know about how to trade in stock markets

kswck2 · Answer

Without a job, you have no money to invest-unless you inherited it. So the point is moot.

Anonymous · Answer

No. You're unemployed and need access to your savings.

SCATTY c · Answer

Investing in stocks is not right for you at present. You are an unemployed teen, with next to no funds.

A building society savings account is what you need to be thinking about

Bill · Answer

You should not invest in stocks at this time.  You don't have a job and you have a shopping problem.  Solve the shopping problem and get a job before investing in the stock market.  When you invest in the stock market, go with a reputable broker and do your research before buying anything.  Stay away from fad stocks and put your money in solid, dividend paying companies.  There are no guarantees.

OneDrop · Answer

Do you live at home with your parents?

Should I invest in stocks?

6 Answers