How to invest in the stock market?
Okay so ive always wanted to but never really had the money to even get started, im 20 and in college and work during the summer... As of now i just got a job did the math and i should have about 1000-1500 dollars left after summers over, and well i dont really need this money to live through school because i get grants and get about 2000 to live off of so i would like to invest it i just dont know where to get started.... Also i might have more depends if i spend more then 4000 on a new car to save gas... I wont invest untill about end of july so i want to learn as much as possible till then
Asked By: Mr Bored - 5/13/2011
Best Answer - Chosen by Asker
Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. If you are like most people you will invest part of your money aggressively in stocks, and part conservatively in money market funds and bond funds. However, some young people will go all stocks, and... More
Answered By: Joe - 5/14/2011
Additional Answers (8)
The safest way is to open a portfolio account at a bank. They'll set you up with some mutual funds. However, the stock market is not that great right now, and then there's capital gains taxes, and fees for the funds, and blah blah blah. Unfortunately, it's pretty tough to get ahead these days.
Answered By: Board - 5/13/2011
Is it very commendable that you want to learn about investing at your age. Of course, it should not take over your life, but it will be helpful throughout your life. First thing to learn is "NOTHING IS ALWAYS". Now, put $1400 in a savings account and take $100 to the book store and start with 2 books, "Understanding... More
Answered By: Bill - 5/13/2011
While you should learn as much as possible about investing, it is important to keep in mind that it is very difficult to beat the market. I recommend you read "A Random Walk Down Wall Street". You need to decide if you want to build a low cost diversified portfolio that will provide a reasonable level of protection... More
Answered By: Kristin - 5/13/2011
A lot of investment groups offer savings funds that will invest in stocks and bonds for you, although you may not have enough to start with any of them. I have a Vanguard LifeStrategy fund and a Vanguard IRA account, although they require a minimum of $3000. If you think you'll need the money soon I would put it in a... More
Answered By: Bobby Crosby - 5/13/2011
To Start Investing... More
Answered By: Chief - 5/14/2011
First and foremost you have to have a goal - what exactly are you investing for? And for how long? And how much risk? What suits one person may not suit another, so you need to consider those carefully... More
Answered By: Never-Again - 5/14/2011
You should desist from buying stocks.Many young persons today are keen to buy stocks without knowing the reality.Reality is to buy stock is easy but which stock to buy is difficult unless you spend sufficient time to study the market and unless if you have sufficient patience which as a young man you will not have... More
Answered By: ashok a - 5/14/2011
You could buy an income stock. That is my plan for a dear friend. How to invest is an answer that will come after mistakes and good picks. There will be both.
Answered By: thomas p - 5/14/2011
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Get Your Degree Online Sooner than You Think. Financial Aid Options
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.