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Good stock investments? best suggestion for someone starting small? |
good stock investments? best suggestion for someone starting small? I'm looking to start saving up some money so any suggetions would be extremely helpful =] First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. Financial disasters like getting layed off or sick happen to all of us. Gold STARBUCKS!! I watch their stocks go up every day. Starbucks! Right now the stock just split so it is relitvly low! Also for a long time investment Try Gap Inc. they are low but have a good chance of going back up! I would recommend one of the ETF's It is a way to own stock in several companies including stock in specific countries. I like PGJ. It is a way to own a lot of the biggest companies in China's booming economy. atleast u should have mentioned which market like NASDAQ, DOW, NIKKIE, BSE, NSE ................... Vanguard Total Stock Market Mutual Fund is very diversified and has low admin. fees. Don't buy just one stock, if somethings happens to that company you will loose money. Just buy a mutual fund. You should also first set up an IRA to take advantage of the tax deference. I would suggest ETF's like previous poster said. They are relatively cheap and can be very diverse. Elsewhere, invest in index mutual funds that have low expense rate. Look for no-load mutual funds. I would not suggest investing in stocks if you do not have much cash because they are more volatile. |
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