- Joined
- Jul 18, 2010
- Messages
- 7,951
DD is in her mid-20s, has a solid job, and has saved up a 6-month emergency fund. She's also been funding a Roth IRA at Vanguard (no 401K where she works). She lives in NYC with no plans to move in the foreseeable future, so she doesn't need to save for a house or car.
She wants my advice on getting started with investments in individual stocks in specific industries. I'm going to make it VERY clear to her that this should be only "fun" money that she won't be in trouble if she loses it.
That said, any advice for helping her get into this? I'm well-versed in mutual funds but have never bought individual stocks.
Also, has anyone looked at
Learn How to Invest in Stocks - Virtual Stock Market Game? Looks like it might give her a chance to "test the waters" in a virtual market before committing real $$$.
TIA.
She wants my advice on getting started with investments in individual stocks in specific industries. I'm going to make it VERY clear to her that this should be only "fun" money that she won't be in trouble if she loses it.
That said, any advice for helping her get into this? I'm well-versed in mutual funds but have never bought individual stocks.
Also, has anyone looked at
Learn How to Invest in Stocks - Virtual Stock Market Game? Looks like it might give her a chance to "test the waters" in a virtual market before committing real $$$.
TIA.