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Jenna

Me!

Me!

Hi,

I am currently a senior in high school and I am getting ready to enter college. I am 18 and very interested in investing around $1000 in stocks over the next 5-6 years to help with student loans in the future. Do you think this is a risk worth taking in today's economy? I am completely new to this and have little understanding of the stock market. I have heard, however, that the stock market has been increasing lately - is this true? What sort of stock would you recommend a college student to invest in with somewhat stable gain and lesser risks?

Thank you very much for your time in advance!

Jenna

Comments for
Jenna

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Feb 13, 2010
 Stocks Simplified Writes
by: Shaun

Hi Jenna

First all your pretty smart for thinking about investing at such an early age. The earlier you get in the more potential you have.

To be honest no one knows exactly where stocks will be in 5-6 years, but most likely they will be higher. Over the long term stocks tend to go up.

I’m not giving any advice but if I was investing with just $1,000 I would be looking to get into something like the SPY or DIA because they both track the market in general. So investing into them is like investing into the top 500 companies in America, that’s about as low risk and stable as you can get.

Here is a good article I wrote about getting in and investing with a small amount of money. You should find it helpful. http://www.stocks-simplified.com/How-to-invest-150-a-Month.html

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