Quote:
Originally Posted by Cornstock
Who are you using for your brokerage?
I'd save up a couple hundred and then buy an etf rather than a mutual fund. They are cheaper to own, the biggest difference is that they are managed by a computer rather than a person so they don't have to forward that cost to you, but they hold the same stocks.
Start with something simple like an S&P indexed fund, they are companies that you've heard of. In that vein, you can pick larger or smaller companies (small cap, mid cap, large cap). Theoretically, small cap has the highest growth potential while large cap will perform whatever the general economy is doing.
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Vanguard is what I have now. I already put in 70 dollars and I haven't recieved my trophy wife yet.