Keep it simple until you have spent a lot of time studying investing.
Also keep the costs down. Don't invest in mutual funds with high front-end or back-end loads. The best low-cost funds are Vanguard Funds.
If you stick to index funds, they have low expenses since they just invest in the stocks within the index.
Don't try to pick individual stocks until you know a lot about the market. Do a search on Dividend Aristocrats to get an idea of which stocks have long histories of raising dividends (which implies that they must be increasing earnings too) but stick to those with payout ratios not much over 60%.
Open a ROTH IRA. As long as you have earnings, you can contribute. Invest in a good stock mutual fund with low expenses. Contribute monthly. Every month!
When the market is going down, keep contributing. When the market is going up, keep contributing.
Based on your age, and contributing the max each year, now $5500, you will have unbelievable wealth when you are old. Don't chase fads, don't buy stuff advertised on TV (ie Gold, Silver, Coins, etc). Never buy single stocks, the mutual funds buy them for you! They buy solid, boring companies that pay dividends and reinvest those dividends.
Read Investing for Dummies by Eric Tyson. It is a good primer. I have this, and still refer to it on occasion.
Otherwise, Morningstar, MSN, CnnMoney and a lot of sites have tutorials on investing, - stocks, bonds, mutual funds.
Go to Wealth Daily.com......the site will notify you, daily, of all the great opportunities for investing.
It depends on the industry you intend to go in
Hey everyone. I'm a 23 year-old guy who recent graduated from college. I'm just starting up my first job (woo!), and I think that I'm finally making enough money to at least get started investing. It seems like a good idea to get with it as early as you can, you know?
The only problem is that I have no idea what I'm doing. The internet has a bunch of information, of course, and there are books galore, but it's just so much to take in and it all seems a bit contradictory.
Does anyone have any suggestions about how to get going? Maybe a good primer on the subject, or personal experience? Or really any advice!
Thanks!
