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What stock should I invest in? |
I have only little money to invest, about 300 dollars. I want to do a long term investment, I don't want to trade everyday or anything. Also, I was wondering, should I try some mutual funds, money market accounts? What can I do with the little bit of money I have. I'm only seventeen and I'm a beginner at this so any help would be great. I've also heard about thsese programs that allow you to buy one or two stocks instead of like, 100. What are these things called? I've only got a little bit of money to work with here, thanks. I am a big fan of DRIP fans, especially for beginners. At this point in time, I would recommend you find a high-interest earning bank account for now, and leave your money there. Put money into this account as and when you can, and you will soon have extra funds to invest. The first thing you should do is increase the amount of money you have to invest. That is, save more. When you have a pot of at least $3000, go to the website of the Vanguard mutual funds, the best in the business. There is a lot of information there on how to invest. Find a balanced mutual fund that has both stocks and bonds in it. I'll suggest the Vanguard Balanced Index fund. Put the money in it, and have all of the dividends and capital gains reinvested. Then keep putting more savings into it. Yes you can invest this small sum.Times have changed and only a few growth companies can still give you long term growth.Please do your home work.I will give you 3 companies that have the money ,power .market share and management for long term growth.To be safe invest in all 3 over time Pepsi .GE and Amazon.com Funds Constantine , |
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