Hello everyone!

Well to start, there is a lot of great information in this forum! Hopefully someone can help me out.

I'm a 20 year old student and I also work on campus. I'm looking to start investing, so my question is... where should I begin?

Right now I have about $3000 to play with, so should I be looking at a CD, or put it into stocks?

Thanks!

 

Please read the other threads.
We can't answer that Q for you without knowing more.

Can you afford to lose it all?
Do you want to take higher risk of higher returns (or high losses)?
Do you want slow but steady growth?
Long term or short term?

There are a lot of threads on page 1 of this forum with advice given to people in similar situations.

 

Ahh sorry, should have been more specific.
I have taken a look at the other threads, and I'm still very confused

I am looking for slow, steady growth (short or long term doesn't matter to me).

So am I looking at putting my money into a CD? mutual fund? Thanks!

 

CD is super boring and not liquid (isn't this where you guarantee to keep your money there for a year?).

A mutual fund sounds best for you. Check out BRK.B, something by Vanguard, etc.

Or make your own collection of stocks, though $3K limits your diversity options.

Do you have an Ameritrade/Scottrade account, or a private broker? (Commissions)

 

I do not have an Ameritrade/Scottrade account. Thank you for the information, I will check out these sites and continue my research on mutual funds.

 

$3000 is enough to open an account on zecco.com