Financial Crisis Advice For New Investors
Today’s featured stock question comes directly from the stock forum here on the site. The community has offered some great answers so far so feel free to view them all. New member PND4 asks the following question,
“Hi, I am new at this. I have seen the stock market going down and have been told this is a good time to buy. I am on a very low budget. I am reading and studying the market and stocks. Basically I am on ground zero working up. What should I do? I want to take advantage of this now and do not know where to start. What is the best thing for me to do? Should I buy? What should I buy? Am I on the right page right now? Thank you.”
The best route to go right now for any investor in this position is to simply not buy at all and sit on the sidelines. Even the world’s best traders are having a tough time tackling this market, so why put your money ask risk?
I would advise opening and funding an online stock broker account and getting used to the free tools while you wait. Keep reading stocks books as you are (view our list of 20 great investment books) and watch the news. Education is power in this circumstance and there is no need to be risking anything until the market proves it can turn the corner. (View all answers to this question)
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