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re: 3k to invest in stocks...how would you recommend to do it?

Posted on 7/13/17 at 7:42 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/13/17 at 7:42 pm to
quote:

I currently have about 3k that I could invest in the market...what would be some stocks to recommend, and how would you recommend the split?


I think the fact that you have 3k isn't very important. What matters is your future income potential.

If you can make a solid income for the rest of your life, then you should consider a target retirement fund. Invest in that every paycheck. Forget about stock-picking. Just build your nest egg paycheck after paycheck. It works. It won't make you truly wealthy (nothing guarantees that outcome) but you should retire just fine.

If you don't have a good continuous income stream, then you need to start taking chances. This may work out or may not, but the usual route is to start your own business.
Posted by Rhino67
Member since Nov 2015
750 posts
Posted on 7/13/17 at 11:50 pm to
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This post was edited on 6/4/20 at 6:20 am
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