Thread: Is Anyone On Here Into The

STOCK MARKET AND IF SO WHAT TYPE AND HOW BENEFICIAL IS IT TO YOU?

I have numerous investments, mostly mutual funds, and mostly through my 401(k) plan. If you are young and can stay for the long haul, it's where your money will grow the most.

The best way to invest is in mutual funds, because if you have stock in a single company and they fail, you've lost everything. In a mutual fund, it would only be a portion of the fund, you'd still have something left to recover.

I have a few single stocks, most of them where I started through a customer sales plan or something. I can put in as little as $50 a month. Most have provisions that you can reinvest the dividends. If you get something like that, make sure you do reinvest the dividends. If will seem at first that you don't make much progress, but you will.

Most mutual funds will also let you buy with a minimum of $50 or so a month. Sent it up to automatically debit your bank account. Don't panic when it goes down. It will come back up. Let it sit there and grow.

Search for compound interest. You'll find some posts that show you the power of compound interest. Unfortunately, I don't have time to look right now, I'm in the middle of a paper for an MBA class. I shouldn't even be here!!