Hello, I am not sure if this is the right section for this, but I hope it is! I am still a teenager, and would like to start with a small one time investment of around $90 USD. I have minimal research but am actively searching for more. Any advice as to what I could do investment wise? I would like to drop the amount and watch it to see how it does, I don't have the capabilities to add to it. All advice appreciated!
Buy 1 share of IWM. And with the spare change buy 1 contract of the Aug 2011 IWM put, strike price 36. (representing 100 shares of IWM) That will provide enough insurance for your 1 stock of IWM against any risky movements. Think of it as buying car insurance on your newly purchased automobile.
A teenager with money to invest. Wow, you are way ahead of your peers young man. I'd say you research a bit more while saving up just a little more. Good luck!
Invest that money in your education. Buy & read a couple of books on the markets. Two books I like are: 1) Trading and Exchanges: Market Microstructure for Practitioners 2) Stigum's Money Market
It will provide enough insurance for 100 shares, but why would he want to own a share of the Russell? To the OP: Open an Oanda account and trade one unit to get the feel of trading real funds. All it takes is screen time.
Buy three one-ounce silver eagles. And put them away until the day you die. Then give them to the three people you love the most.
I second the guy saying open an Oanda account. He can buy gold/silver that way, but more importantly he can learn the basics of trading.