re: Investing Advice for a Noob

quote:

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Sorry I should have been more specific. I would put the $2500 in an IRA and leave it alone. The other $5500 is what I'd like to invest to put towards a down payment on a car.

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I thought that's what you meant. I would stay the heck away from individual stocks without a much deeper understanding. Researching mutual funds is much easier. There are nearly an infinite number of options and figuring out the loads, historical rate of returns, what sectors you want, risk, is much, much easier than the legwork needed to understand the variables associated with a individual stock offering, much less picking one that is correct for your situation.