If you go through Dividend Reinvestment, then whatever amount you send goes directly to buying the stock, and you can buy part of a share. For example, if you send $50 to Exxon and the price of a share is $100, you buy half a share. Then the dividends go to buying more shares and you build up the amount you own. You can take it out when you like, too, although it takes a few days to arrange.
If you put in the money over several months, you'll buy more stock when the price is lower, so you automatically "buy low." It's easy to do and to understand. You can do it alone, you don't need a friend.
There are lots of books on the subject. Start reading some.
Buy a mutual fund -
VTSMX - Vanguard's Total Market Index
VFINX - Vanguard's s&p500 Index
Read - Investing for Dummies by Eric Tyson
Not interested in stocks guys or endless spam concerning them.
Not interested in stocks guys or endless spam concerning them.
First, you get the money, then you get the power, and then you get the women.
At the point in life were I'm mainly focus on investing then spending recklessly on materials so what are some good ways to invest. I have a friend, who always try to get me to invest in rental properties because his friends are making money off of their properties, but the only problem is that I am not looking to invest that much into a property to keep my overhead down. I have some ideas of my own but I'm curious to know how you would invest $3,000-5,000. I'm totally committed to establishing another stream of income outside of my job-thanks.
