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Ok by the way my name is Chris. Im a student in high school but I have a few questions that I need answered. im very interested in stocks and investments. There is one thing though. I have $1450 i am able to throw around and i would like to put it in to an investment(s). im just wondering would it be better if I put it in to one investment or many others. I've heard the term don't throw all your eggs in one basket but im just wondering what I should do with this money. If anyone can help me out please post asap.
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Diversify, diversify, diversify! Build a portfolio with different types of equities (high risk, speculative, low risk, etc). Oh and by the way, stay away from penny stocks, it won't get you anywhere.
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Good Place to start
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Commissions will be around $20 round trip, so if he puts all 1450 into one stock he'll need a 1.4% gain just to cover commissions. If he buys 2 stocks equally ($725 each) he'll need a 2.76% gain to cover the commissions. I don't know if diversity (more than 2 stocks) is the answer here... |
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No offense but I certainly wouldnt play pennies without some very good knowledge of what your getting yourself into. To just jump in and make a play is not a good investment plan without studying how this type of stock works.
I think for someone your age and with that money you should do some research and see what you can do with that to make it grow. Dont try to get rich over night by playing the stock market youll be sadly disappointed and broke. There are plenty of investments that you could put that money towards that will get you very good returns over the long run, your young and you have time to invest and watch that money grow. Maybe look into some lifecycle funds.... |