Im 17 i want to invest in stocks but will this not let me qualify for FASTA ?
- It's FAFSA, not FASTA
- As a 17 year old you will not be able to own stocks without adult supervision (typically a custodian for the assets).
- Owning stocks as a minor/student will not automatically disqualify you from education benefits that are determined through completion of FAFSA.
The FAFSA calculations rely heavily on parent income and assets.
Where is the money coming from for this investment? Is it currently in your bank account?
Do you need money to attend college? Would the money you plan to invest be better used to help fund your college costs?
If you invest, that money will not be available to you if you need it.
By the way, FASTA is a DNA sequence file format.
Before you invest, you must have asset/cash. That needs to be reported in FAFSA. In addition, capital gains are incomes which need to be reported too.