Quote:
Originally Posted by stoked335d
For a beginner especially a young person just put some of your paycheck into VOO or SPY and years of compounding will help it grow in cruise control.
For individual stocks buy the shares of quality companies that you use their products on daily basis that have been around for a long time that pay dividends but this should be small % if you don't know what you are doing.
There is also treasury I-bonds now at 6.89% APR you can buy direct from govt that are pegged to inflation so that you don't lose value of your cash in the bank to inflation.
Stay away from meme or speculative stocks. Remember slow and steady wins investing.
|
That makes sense. Going to look into that asap. Thanks for the advice. Trying to learn and everything you read online are mostly long shots or trying to get rich quick schemes. Glad to hear sound advice which will help down the road which is what I am looking for.
Thanks again