I am a college student looking to invest?

Question by alecha: I am a college student looking to invest?
I have open an account with ameritrade. But i don’t know what else to do. Can someone help me.

Best answer:

Answer by S. R.
this is from another question and is rambling but has some good advice – there are numerous books on this subject.
I personally prefer a personal relationship with human beings and choose to pay yearly fee.
my suggestion is to find a stock or two and a mutual fund or two 5-6 total to track on a routine and daily basis
pick somethings that you have an interest in or knowledge of
I shop at and like whole foods – I can tell by shopping at whole foods routinely what is going on in that store is an example
mutual funds have sectors
funds are rated as to conservative etc.
never invest money you can not afford to lose outright
start early in life
buy whole shares only and have dividends and gains accrue in a cash or money market account to place at your will in order to average your/the net cost of your position in an investment – this makes for figuring taxes/net costs easier
the idiots guide to building wealth book is a good approach/framework
the “hot tip” in the newspaper and magazine is someone else’s placement the month before
what is an inverse relationship
I do not believe shorting should be legal
good luck most anything has it’s ups and downs
the indexes appeal mostly to emotion and not necessarily reason and logic if the company is a good company with a good product and good price stay the course
always have enough cash on hand to buy in when a deal may come around
find an adviser that is older rather than younger and one that offices where the wealthy folks in your community live is my advice
an investment account is better than life insurance when you are young[less likely to die]
when you get your first real job with a salary buy an older used car with cash
and save and invest 1/2 your salary
if you marry live on one salary and pay off the house [buy a house less than you can afford and fix it up some -if one or both of you get fired you can still pay the mortgage and rent out a room to grandma?][once it is paid for you always have a rent home or a fall back home] in less than five years -do not have kids for five years if you do this wisely your are free of debt for life after five years or less
good luck

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I am a college student looking to invest?

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