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
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