Hi guys I've been 18 for a few months now and now have enough of my expensive cover to finally beginning investing seriously. I know the general information of investing but I'm really struggling on where to first open an account and what to consider for opening a brokerage account to invest into stocks, bond, etc. and the goal is long term to put money and money in until I'm 60. Any tips on where to begin, much help will be appreciated. As well as how the hell do I do my tax returns or do I even have to and how to I even put investing in their.

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AutoModerator t1_j2fe80l wrote on December 31, 2022 at 9:34 PM

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Baby_Hippos_Swimming t1_j2few90 wrote on December 31, 2022 at 9:39 PM

Read the wiki and come back with more specific questions. It sounds like you want to open a retirement savings account, the Wiki explains your different options.

RoosterOk6644 OP t1_j2fl66l wrote on December 31, 2022 at 10:25 PM

Thank you reading it right now very insightful

AutoModerator t1_j2fewqi wrote on December 31, 2022 at 9:39 PM

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Suspicious-Kiwi123 t1_j2fkkhf wrote on December 31, 2022 at 10:21 PM

Start with the wiki / prime directive

AutoModerator t1_j2fkkpl wrote on December 31, 2022 at 10:21 PM

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VeeCee74 t1_j2fm4xr wrote on December 31, 2022 at 10:32 PM

Roth IRA in an S&P or NASDAQ index fund under the 18 year old’s name using his/her income assuming this is for long term is an option

VeeCee74 t1_j2fmdv8 wrote on December 31, 2022 at 10:34 PM

You can do this with online brokerages like Schwab , fidelity or Vanguard