Originally posted by Ownage
Bro
Your on a site full of 12-16 year olds
Im sure they do not know a thing about stocks
I could be wrong though
Yeah, but I'm 16 and I know these things

. I'm studying logistics in my high school, so it helps to understand this.
Originally posted by koolkarpet
It would be best to sell them when they're high. But instead of buying shares, you should move onto mutual funds and conservatively put away 30% of your income into those. The key is to never sell when they're bad, just wait it out and be patient. In about 2.4 years, following the rule of 72, theoretically your money will be doubled.
There's also Money Market accounts, which make greater interest than your average checking account, although you're limited to 6 transactions a month.
But the idea is to have a diversified financial portfolio and keep your money in several places, instead of keeping all your eggs in one basket. If you catch my drift, it appears time is money and as for the rule of 72, you should start at an early age.
But they are shares that I can't sell yet, I'm 16. I'll take a look for other options when I'm 18, but thanks for tips.
Yeah, that was basically what I was saying at first post, but some ppl are stupid and sell as soon as they turn 18.