Ask Terry Questions Novice stock investor

Novice stock investor

By Terry Savage on March 25, 2019 | Investments

Hi Terry,
I am 40 years old and I still have always wanted to get into the stock market but I have always been hesitant because I don’t know how it all works. I would be interested in starting small to get the idea. I came across StockPile on your website, just wondering if that would be a good start to get my feet wet?
Thank you so much!

Terry Says

Beth, do you have a retirement plan at work?  If not, you should start saving and investing in an Individual Retirement Account.  Stockpile is a great place to start with a few shares of stock.  But you need a much broader approach if you aren’t already investing for your future.  I recommend going to or — or calling their toll-free numbers at their website –and ask them to help you open an IRA — and set up regular monthly contributions take directly from your checking or savings account.  Start your IRA with a mutual fund that is rather conservative — an equity/income fund.  That will diversify your stock market exposure.   Hopefully you can put away at least $5,000 a year.  Only then should you start “picking stocks”  at Stockpile.



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