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So I have 5k I'm comfortable with losing or winning big on?what is the best way to go about it in the stock market.?
I'd like to do something with a mid level of risk and reward. Areas to look into? Just get like a scottrade account and then what?
5 Answers
- OwlTradingLv 76 years agoFavorite Answer
Do you have an IRA? Max that out first. Pay off any debts. Do you own a home? Have a down payment saved up?(twice in my life I have bought house for less than 2k down payment) Liquid savings in the bank. If the answers yes to all the above then..go for it. Personally I can't imagine oil staying this low forever. Scottrade is easy to do business with. Get some education and proceed slowly. I recommendhttp://freeonlinetradingeducation.com/ as a place to start. There are endless books on the subject also, some quite good. Just go slow.
- Anonymous6 years ago
Even if you're a risk taker, it's just plain foolish to invest in stocks when you have no idea what you're doing. Go do some learning first.
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