the stock market
My dad started a stock portfolio for me a few years ago, with a smallish sum of money. Then, when I worked at the insurance agency after college, I lived at home, so I was able to save chunks of my paycheck to deposit. $1000 here, $500 there… and the money kept growing.
Recently I read an article about inflation and how leaving money in a bank account actually makes you lose money, over time (!) and I decided to move another chunk of money into Scottrade account: $1000. My bank account has much less in it now (a lot less), but I have income I’m expecting, so if I watch my spending for the next few weeks, I should be fine.
Now all I have to decide is where to put the money. I’d love to buy Google, but at $500-something a share (last I heard), that’d be silly.
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[...] Invest young. He started a stock portfolio for me when I was a sophomore in college, when I had no idea what he was doing. His $7,000, coupled [...]
[...] Invest young. He started a stock portfolio for me when I was a sophomore in college, when I had no idea what he was doing. His $7,000, coupled [...]