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<p>[QUOTE="Old Texas Reb, post: 2943757, member: 91220"]Stay in stocks by all means! I'm pretty impressed that you have a nice start in building a stock portfolio at your age.</p><p><br /></p><p>If I were you I would do some research and select 3-4 large cap stocks that pay dividends and have a good history of increasing them over time. You can buy company stock direct with a minimal transaction fee through Computershare (<a href="http://www.computershare.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.computershare.com" rel="nofollow">www.computershare.com</a>). Stocks are listed both by name and stock trading symbol. Downloadable sign-up forms to start an account are also available. Since you are a minor, one or both of your parents will have to be on the account with you.</p><p><br /></p><p>I'll give you an example of the power of reinvested dividends. In 1990 and 1991 my wife & I bought $18,000 in Exxon stock through Computershare and reinvested the dividends until 2006 when we switched to getting quarterly dividend checks. At current market value our Exxon shares are now worth about $125,000 and generate about $400 per month income for us.</p><p><br /></p><p>Good luck![/QUOTE]</p><p><br /></p>
[QUOTE="Old Texas Reb, post: 2943757, member: 91220"]Stay in stocks by all means! I'm pretty impressed that you have a nice start in building a stock portfolio at your age. If I were you I would do some research and select 3-4 large cap stocks that pay dividends and have a good history of increasing them over time. You can buy company stock direct with a minimal transaction fee through Computershare ([url="http://www.computershare.com"]www.computershare.com[/url]). Stocks are listed both by name and stock trading symbol. Downloadable sign-up forms to start an account are also available. Since you are a minor, one or both of your parents will have to be on the account with you. I'll give you an example of the power of reinvested dividends. In 1990 and 1991 my wife & I bought $18,000 in Exxon stock through Computershare and reinvested the dividends until 2006 when we switched to getting quarterly dividend checks. At current market value our Exxon shares are now worth about $125,000 and generate about $400 per month income for us. Good luck![/QUOTE]
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