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laxpro69 01-26-2013 04:17 PM

Investing in Stock Market
 
Figure with this section opening up recently I might as well post this up here :).

Currently I am a college student with some savings that I have collected over the years of working. Luckily I do not have to pay off my debt until I graduate (loan from parents, will be paying them monthly as I get a job) so I figured instead of having the money sit in my bank account, why not put it somewhere?

Well thats the problem, I really have no idea on where to even begin... Not sure if I could do an online site, or if I need to go somewhere and talk with someone. I have about $1000 I could comfortably invest, $2000 if I wanted to (would still have money to function and buy paintball gear of course!). Can anybody lend me some tips or help me get started?

Thanks!

BoBo 01-26-2013 04:54 PM

You don't mention what age you are but I'd throw some of it into a Roth IRA.

I use Schwab and like them

Vanguard funds are an easy way to go and have been good performers

When do you need access to the money again is a key question.

laxpro69 01-26-2013 04:56 PM

Right now I am only a Freshman (so 19). When will I need the money again? I'd like to be able to have some in stocks that I could sell later on (with the hope that they would at least retain value) and am currently not looking as long-term as a Roth IRA (although that is my plan once I get a steady paying job).

BoBo 01-26-2013 08:43 PM

So you can open a regular trading acct and throw into a fund that tracks the market. Again, I'd go with a vanguard

Don't try to time the market, stick 100 a month in and it'll even out over time.

Start a Roth now, even if it's only a little bit - I wished I had a long time ago.


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