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Stocks and where to start
Posted on 3/29/14 at 11:27 am
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 on 3/29/14 at 11:29 am to ReklawTaff
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...
are you set on individual stocks?....I typically recommend mutual funds for new investors...
Posted on 3/29/14 at 11:31 am to Spankum
where can i go for mutual funds though
Posted on 3/29/14 at 11:32 am to ReklawTaff
Vanguard. Min invest is usually 3K. Very low fees though.
Posted on 3/29/14 at 11:36 am to ReklawTaff
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 on 3/29/14 at 11:40 am to glassman
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 on 3/29/14 at 11:42 am to ReklawTaff
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 on 3/29/14 at 11:44 am to ReklawTaff
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 on 3/29/14 at 11:48 am to Happy_wife85
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 on 3/29/14 at 11:49 am to ReklawTaff
Mutual funds are safest. Money board.
Posted on 3/29/14 at 11:50 am to Spankum
T Rowe price is not available.
Posted on 3/29/14 at 11:55 am to tiger chaser
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.
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 on 3/29/14 at 12:11 pm to CaptainJ47
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 on 3/29/14 at 12:19 pm to ReklawTaff
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 on 3/29/14 at 12:26 pm to ReklawTaff
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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