Question by Mike Smith: How can I get involved in the stock martket?
I am a poor college who managed to collect 10,000$ and I decided to invest part of it since banks give very low interest. Problem is i have no idea how to get involved to the stock martket, investing etc.. Can anybody please give me any instructions or information?
Answer by Tyler
All depends what you are investing for…. In the long run i would take some of that money and open up a roth IRA and put it in some mutual fund. I have one in Vangaurd but there are many other places where you can open one. Only draw back is that it cannot be touch untill you are 65 without penalties but if you put it away now you dont have to worry about spending it. But if you do not know how to invest, best thing is to have a mutual fund do all the work for you at a online broker account. Muatual fund with majority of stocks bc you are young and have time to recover if anything goes wrong
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