How does a regular person invest in the stock market?
(Mark Cuban did it. I want to make big money off investments. How do I do it. I dont have a lot of money. I am just a single mother trying to make it .)
Answer :
As a single mother with limited income and no prior experience, you do not want to go out and buy individual shares. You will almost certainly lose your money.
If you have at least $1000 to invest, open a ROTH IRA at Vanguard and buy their STAR fund. This will give you an excellent spread of risk, and will over time make you money.
If you have less than that, open an online trading account (like e*Trade) and buy ETFs. I suggest one that tracks the Total Stock Market to begin with. Vanguard have these too, but you can buy various ETFs.
Posted: August 5th, 2010 under US Stock Market.
Tags: invest in the stock market