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More like…</p>
<p>Databox: Bad news, dad.
Dad: 
Did you lose all of that stock money?
Databox: No, the r value of the stock prediction method I invented is only .8!</p>
<p>No… but I put my savings in a large fund managed by a bank with specific interest in oil/natural gas reserves a year ago. </p>
<p>Then the stock market crashed and the cost of natural resources went down. :(</p>
<p>it’ll probably go back up within a few years</p>
<p>I used to trade a bit with the money I saved but then stopped about two years ago. I can’t risk any money that I could use for college.</p>
<p>never heard of him, I just try to watch Mad Money as much as possible because of the way he breaks stuff down for us newbies. I wish I could serisouly invest in the stock market using his advice, but my couple of hundred bucks wont do jack in the short or long term.</p>
<p>I’m so jeal. My parents do my stocks and would never let me touch them.</p>
<p>Who else has an etrade account?</p>
<p>I’m starting this year! Im not from the states, though. Soooo fellow stockbrokers, any tips on which multinational companies would be best to invest in? I figured maybe Google or Exxon mobil, but I cant be sure.</p>
<p>If you can afford Google, go for it. I hear that they will never split their stock though:( I would invest in a bluechip company just for the security and dividends</p>
<p>Welllll… Blue chip companies would most probably be companies like Microsoft, since it has over 40% market share. lol. I’ll definitely do some extensive research before risking anything like this. Remember: It was the “idiots” who got us in to the economics mess in the first place. lol</p>
<p>Yeah, I heard that hedge funds stole all of the smart people</p>
<p>Well, I made good money in the 7th grade off of Martha Stewart when she got out of jail, her stock skyrocketed, and I bought it about 2 months prior to her getting out because I knew it was going to skyrocket. </p>
<p>I also made a fortune off of Citigroup recently. I bought 2000 shares at $0.82 a share, ehh, about 3 months ago. (When it was rock bottom on the lowest of the day) In about two weeks, it was up to $3.42 or so, and I sold because the stock was changing. Then bought it back at about $1.72 4 days later and I am now sitting on it with it’s current price of $3.72. </p>
<p>Not exactly a huge fortune, but for me it’s enormous. </p>
<p>I am not a fan of Obama, but when I heard about the bank bailouts, I knew the stock couldn’t fail and it was all up from then on out.</p>
<p>^ Are you being sarcastic? Because if you are, it’s not funny. If you aren’t, great job!</p>
<p>Sorry to break this to you but…</p>
<p>TRADING IS NOT INVESTING!</p>
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<p>My dad allowed me to take over an etrade account that was about 250K in the red and reallocate the funds in any way I saw fit.</p>
<p>It was someone else’s money? Wow, I can’t imagine an adult allowing a high school soph to manage that kind of money. I mean, you’re smart, but there’s no substitute for experience and technical expertise.</p>
<p>@ Millhouse: lol you are correct. Anyways, as intelligent as the people on CC are, i doubt there are any disciplined traders here lol. And the people looking for ideas on investing, please don’t throw your money into the deadweight stocks like Citi, GM (until it gets delisted), Fannie Mae, Freddie Mac, etc… Find something thats actually going to go up with this new rally on wallstreet.</p>
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<p>Well, it’s my father’s account and therefore his money. He decided to let me take a shot at it as he has lost enough money in the stock market by himself. Anyways he trusts my responsibility and I never take any big risks before consulting him.</p>
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<p>I would personally recommend investing in Oil and Gas Drilling (KEG, ESV, etc) and Metals (MT,AA).</p>
<p>Rebel, I know that it’s practically impossible for high schoolers to trade (unless it is a simulation). I tried one simulation and died inside. It was so complicated.</p>
<p>Anyway, following Jim Cramer’s and other people’s stock picks from websites is one of the worst ideas I have heard.</p>