From: Swifticuffs | #045
i dont like gambling with money so i try to stay away from this. its more educated gambling but still. i need more money. if i get to a comfortable sum of money one day, i'll do some educated gambling lol
It depends on how you approach it, Swift. There are many different ways to invest. Someone who sticks $1000 in a dependable stock like Coke and re-invests divendends is the farthest thing from being a gambler. That money is probably safer there than sitting in a bank making pennies while inflation erodes its buying power.
From: Ness26 | #053
I'm working my first "real" job this summer so I'll have some money to invest in stocks. Right now my only investments are in Lending Club. They're doing fine, and I think I'll put some more money into there, but I also plan to start picking up some stocks.
Dunno what exactly to go for. I was thinking Index Funds, Amazon, and Intel to start with.
Since you're getting work income, have you considered a Roth IRA? All gains are tax-free once you hit retirement age (or other certain conditions). I'm not sure I would consider Amazon a good stock for a new investor. I recommend looking to solid dividend growth stocks: KO, JNJ, MCD, etc. While not as explosive as an Apple or Amazon, these stocks are like clockwork. You won't need to check on them often, since the swings are not nearly as wild, and the dividends can be counted on. Re-invest them, and let the magic of compounding do its work.
--
Black Turtle power!