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Stock market beginner advice needed
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Cat33
Posted 10/14/2020 21:52 (#8546350 - in reply to #8545940)
Subject: RE: Stock market beginner advice needed


NE SD
My advice if you're just beginning is to go with a mutual fund. I'd only advise picking a solo company to invest in after you get your feet wet and experience some ups and downs, but in a way that won't bust you and turn you off forever.

Always invest for the long term, don't panic sell. Set up a regular investment schedule and stick to it regardless of if the market is up or down in the crapper. Doesn't have to be a big amount, just pick a figure that meets the minimum if there is one. Make a plan, stick to it.

Don't pay outrageous fees, they eat away more than you think. Vanguard is good for low fees.

Don't listen to anybody that says "I've got a CAN'T miss opportunity for you".

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