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?
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.
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).
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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