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| August 24, 2010 at 2:17PM | |
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Re: Is investing in stocks the right thing to do?That depends on so many different things it is impossible to answer yes or no. If you have some discretionary funds, and you are investing for the long haul most people would say yes. If you are maxed out on the credit cards and eating ramen noodles and P B & J every meal, then no. If you have a company 401K then yes. If you are planning to retire in a few years then no. There are plenty of sites out there for investors here is a good one: http://www.fool.com/ And if you choose to do it I suggest pairing an ING Direct savings account with a Sharebuilder automatic stock investing account and putting $25 a paycheck in it to start. That way you can get your feet wet without going broke.
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$25 Off
| August 24, 2010 at 2:40PM | |
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Re: Is investing in stocks the right thing to do?I'd say yes, but sometimes mutual funds are safer. Mutual funds are stocks--but they are all packed into one fund that you buy. The fund is managed by experts in stock market trends. Say a few of the stocks in your fund tank--well, most likely (or at least hopefully), other stocks in the fund will do well, offsetting your losses. You can go to a place like Fidelity Investments and ask to start a money market account (kind of like a bank account). While there, ask to speak with someone who can help you choose which stocks or funds to invest in. |
