investing in stocks
investing in stocks
Hello, I am 18 and am trying to start investing in stocks. If I use etrade and I bought a stock and try to sell
How do I earn my money. Someone recommended that I find a company to invest in it, but the action with a minum of 1000 and leave it there for 5 years, will be a thing of success to do? Wan't to make a good return.
Hi Jessie, I think it started when I was 16. The younger you are when you start, the more time will have to earn his fortune. So, yes, start now. The market is down and there are some decent bargains out there. Now the bad news. His success will of course depend on the action you choose. Your first choice may or may not become a success, no matter how long you hold it. But, in general, the advice they gave is good. If you choose a good stock, and is still good, then in 5 years your initial investment may double in value or more. When you start you have sufficient funds to buy a single share. That leaves you wide open to what is known as specific risk - the risk that the population going to be a fiasco. Keep in mind. There are a couple of alternatives you have to reduce that particular risk. ETF can diversify risk with a small initial investment. There is some who have very good records of past performance. I do not think I would use if ETrade. They are on the verge of bankruptcy. They made some terrible and lost bets lot of money. I think it could be an agent Scottrade more secure and less costly to use. Here is a link for you to learn about ETFs, http://www.etfconnect.com/ One of my favorites is the GAM.
Mail this post
