2007-01-27 12:02:45 · 10 answers · asked by superdudeman 2 in Business & Finance ➔ Investing
Go on and do it. The good thing about starting as soon as possible is the compounding effect.
If you own a fund or ETF it is simple, if you buy stocks then you have to know something. People only make money selling stocks. This skill is much harder to acquire than buying good stocks. I am not sure why this is.
If I were you I would lean how to sell stocks first before you buy any. Just like leaning how to use the brake in a car before the gas pedal. Good luck!
2007-01-27 12:13:03 · answer #1 · answered by Ron H 6 · 1⤊ 0⤋
i think your discomfort. I lost alot of money too yet there remains desire for inventory marketplace making an investment. while the disaster end, i'm going to be top there. besides the shown fact that, thats a competent thought to commence your individual company. it kind of feels to be the superb option for somebody who can arise with the money for to try this. have you ever seen distant places money procuring and promoting. i'm new to it and that i like the reality which you additionally could make money speedier than the inventory marketplace. it is likewise open 24hrs an afternoon for 5 days out of the week.
2016-11-01 11:03:31 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Yes, that is $1300 a year which can grow from appreciation plus any dividends you might earn.
By the time you retire, you would have a lot of $$.
Start studying yahoo finance, the investing education section.
2007-01-27 12:12:44 · answer #3 · answered by kate 7 · 0⤊ 0⤋
even just that one hundred a month for 30 years at 11% interest is over 280k, so long term yes you can make decent money
troweprice you dont need a minimum, just a minimum monthly contribution of 50 bucks, start it now and retire with more than just a hope for social security
2007-01-27 12:10:41 · answer #4 · answered by swenjj 4 · 2⤊ 0⤋
Depends on what you consider decent and the stocks you choose. The bigger the risk, the better chance you have of loosing your money as well. Just set your goal as something obtainable and not too out-landish.
2007-01-27 12:06:14 · answer #5 · answered by Mariposa 7 · 1⤊ 0⤋
Yeah. I would suggest you to check the website below to learn more on shares and stock trading and how to select the best stocks.
Hope it helps
http://money-review-site.com/shares.html
2007-01-28 08:42:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you do it for several years yes. Also if you buy stocks and hold onto them for several years you can.
2007-01-27 12:06:34 · answer #7 · answered by Dfire 3 · 1⤊ 0⤋
I suggest that you start with a Savings Account and when you have $2,500.00 in it - open a Schwab one account.
2007-01-27 12:08:22 · answer #8 · answered by fatsausage 7 · 1⤊ 0⤋
dollar cost averaging
invest in good things
read and learn and be lucky and smart
2007-01-27 12:21:35 · answer #9 · answered by kurticus1024 7 · 0⤊ 0⤋
No.
SogoInvest will charge you $3.00 everytime you buy and that is 6% of your $50.00 right there.
2007-01-27 18:26:12 · answer #10 · answered by Anonymous · 0⤊ 1⤋