May
27
Investing Question w/ Stock Market?
Filed Under investing
goldenret35 asked:
I am in high school and I currently have saved ~ 7000 dollars. For years, I have had CD accounts with APYs around 4%. I learned in my personal finance class that returns/year in the stock market over the past 70-some years have average 10%/year, which is much better than CDs, especially once I have to renew mine later this year with CD rates in my area below 3%. I was looking at maybe investing some of my money into the stock market, but I am unsure how much I should invest; 5%, 10%, 20%, 50%, etc, I have no idea how much I should aim to invest given the economy’s present state. In addition, I don’t have a clue which stocks to invest in. What stocks do you predict will have good returns that are better than my CD rate of 4%…and what stocks do you think have a good chance of doing well in the long run, like from now to 2020 or 2030?
Micheal
I am in high school and I currently have saved ~ 7000 dollars. For years, I have had CD accounts with APYs around 4%. I learned in my personal finance class that returns/year in the stock market over the past 70-some years have average 10%/year, which is much better than CDs, especially once I have to renew mine later this year with CD rates in my area below 3%. I was looking at maybe investing some of my money into the stock market, but I am unsure how much I should invest; 5%, 10%, 20%, 50%, etc, I have no idea how much I should aim to invest given the economy’s present state. In addition, I don’t have a clue which stocks to invest in. What stocks do you predict will have good returns that are better than my CD rate of 4%…and what stocks do you think have a good chance of doing well in the long run, like from now to 2020 or 2030?
Micheal
Comments
9 Responses to “Investing Question w/ Stock Market?”











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