If your a college student what is the best stock to invest in?

Question

SO I am a low income student that wants to invest early and have a nice nest egg someday..

Answer 1

Frankly, if you are asking people for favourite stocks, then I think it is time you take a step back and improve on your financial literacy and investment education before you attempt to invest in anything.

Who in today's dynamic society can guarantee that starbucks will last forever or at least until you retire? Who in today's dynamic society can guarantee the survivorship of any companies and hence their stock for 50 years until you retire? Who in today's dynamic society can guarantee that the stock market will not crash when or just before you retire?

Listening to free, off the street advice is an expressway to disaster and there is never one "God-Given-Sure-Shot-Highway-To-Freedom" Stock.

Remember, just buying stocks and holding on does not make you an investor and does not guarantee you a nest egg... your nest could break faster than you expect and will hardly last your lifetime if you do not have any investing knowledge.

If you want to just invest monthly and forget about it hoping that someday in the future you will have enough to retire on, then you probably want to look at some investment linked endowment plans with a financial planner instead. The stock markets is no place for amateurs with completely no knowledge.

Read more good books and articles on investments to expand your vision and horizon before you decide to go deeper into the subject. For some of the best investment books that I have ever read, please visit http://www.bestoptiontradingbooks.com and for some of the must-read investment articles that I wrote personally, please visit http://www.mastersoequity.com/articles.htm


Hope these information helps and good luck on your journey to financial excellence.



http://www.mastersoequity.com




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Answer 2

While investing is great, do you have any debts? Pay off THOSE first before you do anything.

Try Dave Ramsey's "Total Money Make Over" for more information. EVERY college student should read that as a freshman.

Having a nice nest egg will be great, but don't forget that you are a student. Investing right now may not be the best idea for your situation.

Answer 3

i think most people in the field of finance would recommend that you first invest in a money market account. build your nest egg first before playing in the stocks. there is a lot of risk with the stock market that wouldn't be ideal if you are looking to make a buck.

however, it wouldn't hurt to also invest in a high risk mutual fund. you are young enough to let it ride thru any rough times. the key is to keep investing in it and don't cash out until much later.

Answer 4

Invest what you can in a Roth IRA. But don't forego your responsibilities and/or go into debt so you can invest. An example is if you put money into an investment that earns say 10% annually and you have a credit card balance at 15%, you're losing money.

Answer 5

Make money first. Set aside 10%. Invest that.

Answer 6

Get a good education... That will be your best "nest egg". Learning how to spell would be a good start!

Answer 7

Starbucks. They are growing at a nice pace and the price should gradually go up. Besides any company that can figure out a way to sell a glass of water for $4.00 has got to make a profit.

Answer 8

I suggest Diamonds and Spiders if you have less than $2,000.00 USD.

Answer 9

condoms...invest in condoms! there is a great demand on colleges so you'll be a rich man if you'll sell them for a higher price than you get them;)

Answer 10

Domino's pizza, local beer store.