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Saturday, April 17, 2010

Investing 101 for new investors

Alright, so you saved up all summer for college, then you paid your tuition, books, and associated beer fund. What's next? You still have a few thousand lingering dollars from the parents, financial aid etc. INVEST IT!
Don't be one of those people that starts investing at 60 years old and then has to retire with a bagging job at the local mom and pop grocery store. Start early, invest it in the stock market, yeah its a little confusing at first, but the market is coming out of a recession, most believe. There is so much to gain from investing at a young age, use that knowledge you learned in those seemingly useless finance and economics classes to your advantage.
First, find a company your passionate about, be it clothing, technology, etc. if you love it chances are its because it is a great company that stock brokers haven't a clue about. Also, invest in something relatively low priced, buying stock in Microsoft at 30 per share will be difficult to yield enviable returns. If your young take risks, buy a share of something unknown that could double tomorrow rather than something that will sit in a mire for the next ten years.
Just invest in whatever you can! It is the one of the few ways to truly invest in your future!

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