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Rookie investing $1K in the stock market...need your help
Posted on 1/13/15 at 8:31 am
Posted on 1/13/15 at 8:31 am
Just openend a brokerage account with E*Trade. Have no experience with the stockmarket. Have been following some discussions on this board the past month or so, and am interested in LNGLF. Should I spend the entire $1000 on that at $1.58/share, or would you recommend something else? Thanks in advance.
7
Posted on 1/13/15 at 9:21 am to Crescent Connection
I by no means am no expert in investing, but more information is needed. What are your investment goals, risk tolderance, age etc?
Posted on 1/13/15 at 9:40 am to Crescent Connection
Visa
Exxon
Procter and Gamble
Johnson and Johnson
3M
AT&T
All stocks with either decades of achievement, and/or the face of the future.
With $1K, I'd pick just one of those and use your whole $1K on it. That's just me though.
Exxon
Procter and Gamble
Johnson and Johnson
3M
AT&T
All stocks with either decades of achievement, and/or the face of the future.
With $1K, I'd pick just one of those and use your whole $1K on it. That's just me though.
Posted on 1/13/15 at 9:47 am to Crescent Connection
quote:
Rookie investing $1K in the stock market...need your help
What are your goals with this $1,000?
If its to start a savings plan. I'd go spend it on one blue chip stock of your choice.
If you want to learn more about investing. I'd buy 3-4 companies that interest you and follow them. Read reports, listen to earnings calls, etc.
Posted on 1/13/15 at 12:09 pm to Crescent Connection
Oil and Gas. Look at "KOG"
Posted on 1/13/15 at 12:09 pm to Crescent Connection
Fund your Roth IRA while you can. Invest in vanguard target 2060. This is the simple "boring" advice.
$1000 isn't really worth buying multiple companies as the fees will set you pretty far back. Say you bought stock in 4 companies at about $250 each, your already 4% in the hole with a $10 commission, plus another 4% when you sell. So, to me, it doesn't make sense.
If you not looking to simply throw it at a target fund, I'd put it all in one company, then save up another thousand and put that in another company. Repeat. You can be reading up on your next buy while your saving. Just my 2 cents.
eta: guess I missed the part about you already funding your roth. Ignore the first sentence then.
$1000 isn't really worth buying multiple companies as the fees will set you pretty far back. Say you bought stock in 4 companies at about $250 each, your already 4% in the hole with a $10 commission, plus another 4% when you sell. So, to me, it doesn't make sense.
If you not looking to simply throw it at a target fund, I'd put it all in one company, then save up another thousand and put that in another company. Repeat. You can be reading up on your next buy while your saving. Just my 2 cents.
eta: guess I missed the part about you already funding your roth. Ignore the first sentence then.
This post was edited on 1/13/15 at 12:10 pm
Posted on 1/13/15 at 12:55 pm to Crescent Connection
If you are hoping for LNGLF to take off like that Cherokee energy stock did then you have a while to wait and even now in this oil production surplus era its risky at best. Are you looking to turn a quick buck? Or are you willing to let it sit for a few years?
Posted on 1/13/15 at 8:33 pm to Crescent Connection
Threat that $1k like it means a lot to you.
Now is the time to learn about the market.
Look into joining this organization. It has a lot of useful information and teaches you how to make stock investment decisions.
American Association of Individual Investors.
Baton Rouge actually has a local chapter LINK
Now is the time to learn about the market.
Look into joining this organization. It has a lot of useful information and teaches you how to make stock investment decisions.
American Association of Individual Investors.
Baton Rouge actually has a local chapter LINK
This post was edited on 1/13/15 at 8:36 pm
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