Quote:
Originally Posted by mustang2porsche
hmmm so, i should say.... buy some of fords stock, and hopefully when the 2015 mustang releases and succeeds, pull out with a profit.
|
nope. It means keeping your cash in cash. And not spending it on something that is only going to lead to more spending. In the interim learn the very basics of investing. Investing for dummies, read about Warren Buffett, go to wikipedia, talk to a friend whose in the investment business, just get started in some way. Stop talking to only young people who only care about Range Rovers and iPhones.
Don't invest a dime until you've covered that ground. And even then don't make any big moves. Then learn the difference between investing and trading(gambling/speculation). Buy 1 share here 1 share there. 1 ETF here 1 ETF there. Learn about the process. There is no "plan" for learngin to become wealthy from investment while young and avoiding consumption. It's the sum total of all your efforts.
^That there is more than enough to keep you busy. Remember when it comes to handling your money, you always want to be the smartest person in your group of friends, not the most conspicuous spender.
Threaded Mode
