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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: - with a K who wrote (17819)	10/14/2003 7:19:45 PM
From: - with a K	Read Replies (4) \| Respond to of 78471

Can anyone assist me in advising a teen investor who's just getting started? My stock contest has resulted in a request from a 15 year old for stock ideas using real money. I've recommended index funds in the past but he doesn't have enough to get started (I think his dad will let him start with $1500 or so.) I thought I would suggest a mix of ETFs since he doesn't have enough for HOLDRs either. I've never really researched ETFs and after an hour I'm frustrated and thought I could turn to this group of trusted souls. I'm not sure of the difference between iShares and StreetTrack and all the other variations. Does it matter who issues the iShares? (Goldman Sachs, Dow Jones, S&P, etc.) I'd hate to see him pick some mo-mo stocks and have them dive. I want him to be diversified. And I want him to be a kid and not have to spend too much time studying stocks. So I thought I'd try to get him in 3 different ETFs and leave room for 1 stock pick, just to get started. So instead of him buying AMD, which he wants, maybe he would buy a technology ETF, like IYW or IGM. Or maybe I can get him in a value ETF, a growth ETF, and a foreign ETF. Thoughts? Anyone have any input on the different value ETFs? Amex.com has a basic screen that resulted in IJS, IWD, IVE, and IXG. Or thoughts on a growth ETF? The Vanguard extended market Viper (VXF) has an interesting name and a good mix of financials, consumer stuff, health, and tech. What sites are best to do more research? There ought to be a site where I could name the style/size/sector I want and see if any ETFs are available! Thanks.