Question by superlott: I’m 16 and want to start off investing in the stock market. What are some of lengthy term choices?
I have far more or less $ 50-60 dollars that I want to begin investing for the lengthy run. What type of stocks will do very best for me in the extended run? What stocks are safer and which are a lot more risky?
Very best answer:
Answer by Screaming Eagle
KO – Coca Cola, a cash cow.
MCD – McDonalds has been good for me.
Take into account a no-load, no transaction fee mutual fund for diversity. I like Genuine Estate, UMREX in my Scottrade brokerage account.
You can do this in a Coverdell Education Savings account at Scottrade, for tax free education gains for increased education. But I recommend that you have an adult with investing encounter approve all your investments.
There are constantly risks, and you can shed no matter how excellent you or they are.
PS: $ 50-60 is not adequate for stocks, the transaction fee of $ 7 to get and $ 7 to sell will take over 25% appropriate there.
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