Is it safe to buy stocks now?
I am 18 years old and I am considering buying stocks but I am concerned about the current decline in the economy. Is it safe to buy stocks right now?
Also, do you have any tips for me on stocks, trading, or different companies to use?
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about 1 year ago
Buy them for what? If you have a five year or longer timeline it is always a pretty safe bet to buy stocks. Since they are all “on sale” right now, it is a great time.
If you plan to use the money in the next few years, then you should not be in stocks. Stocks are long-term investments.
As far as what to invest in, quality stock mutual finds with proven track records. Or, Exchange Traded Funds.
about 1 year ago
u have to have a long period plan and that too select only blue chip companies