Complete and utter newb who is very confused

Hello Hello, To start with, I’m from Australia (anything involving dollars assume is in AU$) Now I’m 18 and seeing as everyone who I’ve talked to, and the books I’ve read all say, investments and stock trading is a long time thing, I thought why the hell not start while I’m young.

 

I don’t expect to be a millionaire, I don’t expect to turn over hundreds of thousands of dollars a year, and I’m honestly just wanting to earn a little something to have when imp much, much older.

 

Now I do plan on endeavouring into day trading but I’ve been led to believe I should hold off on that endeavour until I’m more financially sound. I was also directed to index funds (Vanguard? & S&P500?)

 

My questions are

• what’s a good starting amount before investment? I currently have $1000 stored away and I work part-time, so I can save more and wait longer if needs be.

• Is it necessary to go to a stoke broker? Or can I do everything myself? (I like being independent)

And finally and perhaps the most stupid question but the one I struggle with the most.

• Where do I go to invest in these Index funds/stocks? As well as manage/ create a portfolio with everything in it?

 

If I'm posting in the wrong subreddit can I please be directed to the correct place?

Thanks a bunch for any advice/ information to help a total newb

 

EDIT: Formatting/Spelling

Submitted January 03, 2018 at 07:31PM by Kooj6eezooy6 http://ift.tt/2Cl1Zag