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Strategies & Market Trends : YOUNG INVESTOR NEEDS HELP PLEASE!
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To: YOUNG D who wrote (5)1/3/1997 1:22:00 AM
From: Thomas G. Morton Jr.   of 12
 
YoungD,
Most of the people on this board are probably traders in individual stocks. That is really not something to jump into until you have really read several books on the subject and followed the market for some time. You would probably be well advised to buy an agressive no load mutual fund and regularly invest more into it. Picking these requires some study, but Schwab has some good info on their funds.
When you have followed a stock portfolio for awhile and feel confident that you have found an interesting stock or two, then plunge in. But you really need about $5,000 to $10,000 to start a diversified 2 to 3 stock trading program. It's a lot more fun to lose money on paper than it is in real life.
You might also want to check out any local investment club in your area. Or get some friends together and start one.
Your local Books-a-million or Barnes & Nobles have good sections with books on investing. Don't get in a hurry and throw your savings at just anything. The market will always be there.
Historically, the market is very high right now & you may find better buys later this year after any correction.
Good Luck. Let us know what you decide. By the way GND went up $.50 per share today.
Tom
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