What is the best way for a dependent student to invest extra money? Can I establish a Roth IRA?

I'm still in college and dependent on my parents, but I want to start investing. I want to be able to invest easily - i.e. transfer from my bank account regularly, but I don't want to be socked with fees (like Sharebuilder). It seems like a Roth IRA is a good option, but I don't know if I'm eligible to open one given that I'm a dependent.





If tax barriers make it impossible for me to start investing, there's really no incentive to earn extra money and invest it, or to spend more wisely and invest the money I save.





10 points to the person who can give me the best insight into this problem.

What is the best way for a dependent student to invest extra money? Can I establish a Roth IRA?
The answer is yes, you can open ROTH IRA, if you have part-time job.





you could open at http://www.scottrade.com with minimum 500 USD.





and I give you my best advice. at age 32 , i amassed 62000 in 401k, 12k in roth IRA, and 30k in cash taxable account. I wish invest younger age like you. but I start invest at the age 25 with 401 k, I set aside 10-15% my gross, i contribute regularly on my ROTH IRA.








Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.





http://www.pathtoinvesting.org/index_fla...


http://www.stockcharts.com


%26gt;...http://www.streettalklive.com%26gt;... university. a lot amount of information. It will serve you well


I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:





fundamental analysis==(economic data,finincial health, management, business model, competetion)%26gt;%26gt;what to buy





technical analysis==(chart+indicator)%26gt;%26gt; when to buy





Sentiment/schycho analysis==%26gt;%26gt;mood of investor, Contrarian point of view.


Market cycle===%26gt;%26gt; check out book Trader Almanac by jeff hirsch will give you inside stuff


When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

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