Starting a small fund
Hello all, as a person who is almost 18, myself and some friends have been discussing investing some money when we turn 18. My question for you all is -best sites to start our fund? -should we compile our money, or trade by ourselves - eventually expanding our money to help others What we hope to gain from this expirence is a better understanding of investing and managing our money in the market. My self personally, after attending college is to join a hedge fund/ later create one. If anyone has any tips on what I should do I would truly appreciate it! Thank you!
IDK if I am feeding a troll right now. But if you just asked about diversification and brokers then I wouldn't trust you with 2 dollars.
Playing with other people's money is a whole different game then whatever you were trading with.
Hello, not a troll, I am someone who is under 18. We want to learn about the stock market and how to invest our money. - it's not a large sum of money To further my point, this is all for fun, it's not like we're trying to quadruple our money. This whole expirence is just for fun and educating ourselves with how markets operate and fluctuate. Sad that some people just can't get past my lack of knowledge, because of I was looking for some actual helpful information
For any future tips, Thank you!
I did something similar so I'll give you a few tips/ tell you where I went wrong
Go with a discount broker that offers the smallest commissions. Don't day trade. Don't join chatrooms. Don't invest money before reading Security Analysis or similar literature. Wake up 2 hours prior to market open. Don't assume that you will make a large sum of money. Focus on investing in liquid/large companies so if ever you find a way to bring in decent returns, your returns can be scaled to larger sums of money. Don't follow someone else's strategy- you won't learn anything. And make sure to take calculated risks and not gamble away your or your parent's hard earned money.
Oh, and please don't call it a hedge fund until you have more than just family investor's and have at least $500,000 AUM (still questionable at that point)
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