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Submitted by: Shaun

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Hello, Anthony I wish I started to invest at age 16. The stock market can be a very powerful place to grow your money and the younger you start the more potential you will have. First of all Stocks vs. CDs, I?m not a big fan of CDs because banks pretty much take your money, invest it into things like the stock market to make large returns, and then pay you a small return for letting them do that. Second, stocks allow you to invest into companies. So if you buy McDonald stock (MCD) you own a percentage of McDonald?s company. As the company grow so does your stock. Before you can buy stocks you have to open up a brokerage account. But because you are so young you would have to open up a Custodian Account which is basically an account your parents control and gift it to you once you turn 18-21 depending on the state. Here is more information on that. <a href="http://www.stocks-simplified.com/Can-Teenagers-Invest-In-The-Stock-Market.html"> Can Teenagers Invest In The Stock Market?</a> As far as investing goes, that kind of depends on what you want to do. The easiest way to start is to buy ETFs. These basically track a large number of stocks. Some even track the <a href="http://www.stocks-simplified.com/Stock-market-indexes-history.html">stock market indexes</a>, so buying them is as good as buying stock in the largest companies in America. Here is more info on ETFs <a href="http://www.stocks-simplified.com/What_Are_ETFs.html">What are ETF</a> That is the easiest and safest way to invest in the long term. But if you want to start actively managing your account at one point to attempt to make a higher return that is a different story. Here are a few articles I have written on that explaining some of the basics, but it will take some time and effort to get the hang of. <a href="http://www.stocks-simplified.com/technical_analysis.html">Basics of Technical Analysis and how it helps you trade</a> <a href="http://www.stocks-simplified.com/How-To-Read-Stock-Charts.html">How To Read A Stock Chart</a> <a href="http://www.stocks-simplified.com/stock_options.html">Example of an Option Trade</a> <a href="http://www.stocks-simplified.com/stock_tips.html">What it Takes to Be a Successful Trader</a> Good luck with all your investing.

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