Saturday, October 11, 2014

Recent grad with 30k debt, want to get involved in stock market. Advice?


I just started reading The Intelligient Investor. I'm 22 years old. I want to become an intelligient investor (hah). Is there a way to invest for relatively short term gains (a couple of years) to help me pay off debt?


I am already putting in 5% income into Vanguard 401k. Company matches up to 5%. After taxes/insurance/rent/food/gas, I have a little less than 2k/month to save.


A colleague suggested starting a dividend account and putting a few hundred in it a month, but I don't even know how I'd do that.


I'd like to invest about 400 a month in the market, either in a variety of stocks or funds. I know most trade websites are 5-10$/trade though, so I don't know how to do this profitably.


I don't really know what I'm doing. I'm going to read this book and study investopedia, but other than that, can someone lead me in the right direction?







Submitted October 11, 2014 at 05:23PM by alcaponeben http://ift.tt/11748TF

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