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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Plz OP - I'm trying to be kind here but if you don't know what a low-cost index broad market fund is then you have zero business buying stock.  That is a risky venture, best left for institutional investors, not Harriet Homemaker.

Get online with Vanguard or Fidelity.  Research their funds.  Funds are basically a bucket of stocks manage by the company and not by you.[/quote]

OP, no offense taken but ya gotta start somewhere, no? [/quote]

Yes, and as PP pointed out, that somewhere is buying a fund from vanguard or fidelity (I would go with V, because their expenses are very low).  That somewhere is not buying individual stocks. You might as well go to the casino and play blackjack (quite honestly, that also goes for many people who "know what they're doing," which is why I will probably never actively buy stocks and stick to index funds  - nearly impossible to beat the market over a 30-year period.). [/quote]

My dh, a very very smart man who is good at what he does but not a finance guy, went through a period of boredom and decided. That he was going to play the market.  I had my reservations but you gotta let a man dream, right?  Well, he lost $60,000 in a year.  That was the end of that hobby.  I took over his etrade account.  We now keep our money in index mutual funds at vanguard and fidelity and sort of forget about it.  Don't play the market, op.

Op, some good advice given here.  Open a fidelity or vanguard account (don't go through a middle man--open directly with them) transfer the money from your bank to the new account, and buy shares of index funds.  Oh, and if the market tanks, don't sell.  Grit your teeth and leave it there and let it grow again.  Pulling out after a loss locks in the loss.[/quote]

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