How To Start Investing When You're Young
Start writing a post
Career Development

Millennials, It's Time To Stock Up On Knowledge About Investing

Investing in stocks can help invest in your future.

85
person looking up stocks on iphone

I have always been curious about stocks since my high school money management class. I remember making a presentation about Conoco Phillips and how their company was better than others. I was so confident they would succeed because it is evident that everyone needs oil. I rocked the presentation but the stock at that time was a flop and I lost the "money" my teacher originally gave to us.

Since then I have watched and paid attention to certain stocks that I believe will make a significant profit in the near future. One stock that I have been watching in recent months is Tesla Co. I was confident that the stock that had shot up in the middle of 2016 was only rising. Tesla is involved in the making of an electric car that can accelerate from 0-60 MPH in less than four seconds. They have also begun working on transportation and trips to Mars. With these futuristic innovations, I thought their company was only growing and flourishing.

I had thought this until I read the article published last week in Bloomberg called Big Short's Eisman Is Shorting Tesla for 'Execution Problems.' The article is about Steve Eisman, a money manager, who predicted the collapse of subprime mortgages before the collapse in 2008. He is currently shorting against Tesla Co. and Zillow Group Inc. His prediction is that Elon Musk cannot compete with the leaders of 'autonomous driving' like General Motors or Google. The article goes on to explain that Tesla has spent over a billion dollars in the last few quarters. He predominantly thought if Tesla began to make a profit, he would be very surprised.

This taught me an important lesson about investing which is to always do your research and then some. I have been researching different stocks and information, keeping my options open for what I want my first investment to be. I am interested in taking a stock class at my university to indulge in how the stock market will look in the coming future. One class that has scraped the service of the stock market and the economy is the economics class URI required me to take as a freshman. I am hoping during my second semester I will have the option to delve more into the topic.

The first lesson about stocks is that there are short term and long term investments capital gains. A short-term stock can include trading or shorter time span of buying and selling your stock, whereas a long-term stock is an investment over a longer period of time. Of course, that time varies from six months to 40 years. The advice I have taken from people I know about stocks is to be patient. If you don't have patience then you shouldn't invest in long-term stocks.

All in all, you have many options for investing: long-term, short term, penny stocks, blue chip stocks, and more. I hope that this sparks interest and helps you to learn more about stocks.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee
nappy.co

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

91838
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less
Lifestyle

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

69822
loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets
StableDiffusion

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments