donkeykong128 on 31 January 2008
| Paul said: You should build up your savings over time in mutual funds. When you have a significant chunk, around $20000, you should open a brokerage account and switch your mutual funds into a well diversified group of stocks. Buying $1000 worth of any one stock makes no sense at all. The fees you'll be sadled with on such a small balance will eat into any returns you're making. Nintendo is a great stock to hold right now but you should never put all your money in one place. |
I disagree if i bought 20 shares when they were 54 the day before yesterday that would be $1080. I will hold untill they go up to 100 (which they will maybe a year but they will) and sell for $2000 that making a grand how will that be eaten in fees?
