Quote:
Originally Posted by t-maxxracer32
realistically i wont need all the money i invest for probably a year or so just depends on if i work while im in college.
by the time august hits i should have 10k or more saved up and could potentially use all that to invest.. all that means is that id have to work my first semester up at ASU, which i do not have a problem doing. if my job cuts me loose, school is getting hard, or im just not making enough i can always withdraw all that money since in the stock market there are technically penalties for selling... just selling fees right?
i realize that i am young and obviously have no idea about the stock market but im not going to blow 1k into a stock that i have no clue about. i will research and figure some things out before i actually invest and ive emailed lutach in hopes that he can help me out or possibly be my broker? (not likely but who knows)
anyways thanks for your input!
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I can't be your broker. You will probably loose your money by using a broker anyways
. They charge you a nice amount when you buy and sell even if you're loosing money. I used to charge $100 for every transaction or 5% which ever was higher. Check out the best online place that suits you and begin your research. One advice and I'll say it again, bet on good companies with solid returns and look for the ones with plenty of cash on hand. I like companies that pays dividends and what ever online service you choose ask them about DRIPs (DRPs) Dividend Reinvestment Plans or DPPs Direct Purchase Plans (It gets very complicated, but it's good to ask questions). This might be the best advice I'll give you that will not make you loose money if the market plays nice. I know Finnster and others will help out as well.
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