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First time investor.

By Terry Savage on September 23, 2022 | Investments

Good Morning Terry!

Enjoy you on WGN. I have $1,000.00 I’d like to invest. I have some idea where to invest but need guidance on steps for a novice.

Thank you!

Terry Says

Well, your timing is great. Stocks are on sale!!
So let me ask you two questions:
How long are you willing to keep the money in the investment?
How much are you willing to lose?

Of course, no one wants to lose money. But that happens in the stock market — although rarely if you buy a diversified mutual fund and hang on to it long enough! Please respond to those questions by posting again and then I can point you in the right direction.

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