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Stocks and where to start

Posted on 3/29/14 at 11:27 am
Posted by ReklawTaff
Member since Mar 2014
20 posts
Posted on 3/29/14 at 11:27 am
Im a college student and have always had a thing for looking at stocks but really never had the money to put in stocks till now. Any advise on where to start or what stock to go into.
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
87219 posts
Posted on 3/29/14 at 11:28 am to
Money Talk board
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/29/14 at 11:29 am to
money board
Posted by Spankum
Miss-sippi
Member since Jan 2007
60710 posts
Posted on 3/29/14 at 11:29 am to
first, you will get a lot less dumbassery if you post this on the money board...but the answers will take longer to come in...

are you set on individual stocks?....I typically recommend mutual funds for new investors...
Posted by John McClane
Member since Apr 2010
37172 posts
Posted on 3/29/14 at 11:30 am to
Money talk board
Posted by ReklawTaff
Member since Mar 2014
20 posts
Posted on 3/29/14 at 11:31 am to
where can i go for mutual funds though
Posted by Skin
Member since Jun 2007
6386 posts
Posted on 3/29/14 at 11:32 am to
Vanguard. Min invest is usually 3K. Very low fees though.
Posted by LT
The City of St. George
Member since May 2008
5163 posts
Posted on 3/29/14 at 11:36 am to

quote:

Im a college student and have always had a thing for looking at stocks but really never had the money to put in stocks till now. Any advise on where to start or what stock to go into.



Globalstar, Inc.
OTCMKTS: GSAT
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
117893 posts
Posted on 3/29/14 at 11:38 am to
No load S&P index fund.
Posted by chalupa
Member since Jan 2011
6895 posts
Posted on 3/29/14 at 11:40 am to
I just made a brokerage account with e trade this week. Been messing with a little bit of penny stocks. Do some research. Weed stocks are booming in 2014, but lots of bogus companies out there. Good luck.
Posted by Spankum
Miss-sippi
Member since Jan 2007
60710 posts
Posted on 3/29/14 at 11:42 am to
quote:

where can i go for mutual funds though


you buy them directly from the mutual fund company...and their websites typically have very good tools to compare the various funds versus other funds as well as the overall market (index)...

check out some names like T Rowe Price, vangaurd, Janus, etc....
Posted by Happy_wife85
Louisiana
Member since Nov 2012
127 posts
Posted on 3/29/14 at 11:44 am to
Buy stocks that pay a dividend & then enroll in dividend reinvestment. If your in college, just decide on a set amount that you will contribute each month. For companies like coca-cola & exxon, you can call with your credit card & purchase more shares. Don't save up a huge amount & then invest all at once. Put a little here & a little there....this will go w/ the natiral ebb& flow ofbthe market. Chevron, exxon, coke....good luck!
Posted by Skin
Member since Jun 2007
6386 posts
Posted on 3/29/14 at 11:48 am to
quote:

For companies like coca-cola & exxon, you can call with your credit card & purchase more shares.


I don't think that's solid advice for a young guy starting out

But I didn't even realize you could do that, so I learned something new
Posted by tiger chaser
Birmingham Ala
Member since Feb 2008
7721 posts
Posted on 3/29/14 at 11:49 am to
Mutual funds are safest. Money board.
Posted by tiger chaser
Birmingham Ala
Member since Feb 2008
7721 posts
Posted on 3/29/14 at 11:50 am to
T Rowe price is not available.
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7726 posts
Posted on 3/29/14 at 11:55 am to
I honestly wouldn't trust the advice a lot here. First, understand your long-term goals and risk preferences. Also figure out if you want to pick stocks yourself or have the money managed via mutual funds (or passive via index funds).

For a college student you have time to assume more risk; however, the market has been on a run for 5 years so it isn't like you are worried about picking a bottom.

An old book I read was Buffetology. Will give you some stock picking concepts. May want to start there. No matter what kudos for doing this now.
Posted by ReklawTaff
Member since Mar 2014
20 posts
Posted on 3/29/14 at 12:11 pm to
i mean I've grown up poor. im currently on loans in school and honestly.. i just want money now. it may be greedy but with my background and how i grew up i think its deserved
Posted by GaryMyMan
Shreveport
Member since May 2007
13499 posts
Posted on 3/29/14 at 12:19 pm to
You need to get out of debt before investing. My student loans are at 6.8%. I can't consistently and reliably make more than that so I'm paying the loans off first.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/29/14 at 12:19 pm to
Kige that
Posted by Spankum
Miss-sippi
Member since Jan 2007
60710 posts
Posted on 3/29/14 at 12:26 pm to
quote:

i mean I've grown up poor. im currently on loans in school and honestly.. i just want money now. it may be greedy but with my background and how i grew up i think its deserved


honestly, the market is no place to get quick or easy money...you can really screw up and lose your arse if you aren't careful...

it sounds like we have similar backgrounds and I can tell you, the best investment you can make right now is to be sure you get a quality degree in a field that will allow you to earn some good money...the money you will make investing is typically not even comparable to what you will earn through employment....
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