Thread: Investing in the stock market
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Index Funds are a great idea! I don't know how I didn't mention it! Definitely worth a look for those who aren't too sure of themselves or who don't have the time to research a lot. Now might be a bad time to buy though since despite the not-so-great economy most indexes are at a very high point.
I have invested in stock market when I was in my college and I think that this was a very big task and need a lot of experiment and research for getting successful in this market and I hope that your guidelines and true and useful.
I agree that index funds would probably be a bad idea to purchase at the moment, however I still wouldn't sell yet if I did have them in my portfolio. Seems like they always rise year after year.
I mean, I have money in hand, where do I go? I don't have a financial adviser. I want to know exactly what do I do and where do I go. Can I go directly to the company? To the bank? Step by step when I leave my house. Stocks for dummies. Thanks.
You have to open up an account at a stock broker. You get software with which you can check out stocks and buy them. If you are new to this my advice is to learn before investing or just invest into Index funds and leave the money for 10+yrs!
Consult your bank and request for some financial advice. Usually, some bank offers investment related services and I am very sure that they could help you with it. If you are lucky, your bank is also operating a stock brokerage facility which will make your life easier (in stock market investing). Good luck to you!
I am young and the stock market seems like a great way to get your money working for you. but i cant help but to think that one day the economy is going to collapse and all the money that someone has invested will be gone
See Dinomarino, that's the scary thing. Our economy simply isn't what it used to be. It's gotten somewhat better in the last year but it's still struggling. Since the stock market is based on the economy, you'd be buying into something that I agree is going to eventually collapse. I wish there was a safe way to make my money work for me without taking such a gamble.