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Post by goldenblind221 on Apr 5, 2017 18:14:38 GMT
So I am a finance dummy. I am trying to get better. In the meantime, I would like to invest in Starbucks. How do I go about doing that? What services do yall use to invest?
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Deleted
Posts: 0
May 4, 2024 22:01:22 GMT
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Post by Deleted on Apr 5, 2017 18:20:51 GMT
We use a broker with Edward jones, where that's his only job is to make us money.
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Post by busy on Apr 5, 2017 18:22:43 GMT
A discount brokerage like Vanguard or Fidelity is easy and accessible and would be where I'd go. I've used Vanguard for years and like them a lot. Low fees, easy to do business with. However, I would caution you about individual stock investing. For most people, especially those who are inexperienced in investing, mutual funds (which hold a variety of different securities in them) are a better match, as it minimizes your risk. I'll see if I can find a good introduction to investing.
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Judy26
Pearl Clutcher
MOTFY Bitchy Nursemaid
Posts: 2,834 
Location: NW PA
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Post by Judy26 on Apr 5, 2017 18:34:28 GMT
A discount brokerage like Vanguard or Fidelity is easy and accessible and would be where I'd go. I've used Vanguard for years and like them a lot. Low fees, easy to do business with. However, I would caution you about individual stock investing. For most people, especially those who are inexperienced in investing, mutual funds (which hold a variety of different securities in them) are a better match, as it minimizes your risk. I'll see if I can find a good introduction to investing. This...a thousand times this..... Find a financial adviser you trust and who is willing to sit down with you and explain the basics to you. Start slowly and do some reading on your own (The Investing for Dummies book is easy to understand) and write down questions you might have. Buying individual stocks is not the place to start on your investment journey. |
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Post by goldenblind221 on Apr 5, 2017 18:37:40 GMT
A discount brokerage like Vanguard or Fidelity is easy and accessible and would be where I'd go. I've used Vanguard for years and like them a lot. Low fees, easy to do business with. However, I would caution you about individual stock investing. For most people, especially those who are inexperienced in investing, mutual funds (which hold a variety of different securities in them) are a better match, as it minimizes your risk. I'll see if I can find a good introduction to investing. I know my retirement accounts are both at Fidelity. I will check out Vanguard. I feel young enough to maybe take a risk (particularly one that seems less risky, like Starbucks). Rumor has it that the Bux is getting ready to acquire Panera. I think that could breathe some life into their stale stocks. |
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Post by goldenblind221 on Apr 5, 2017 18:39:55 GMT
This...a thousand times this..... Find a financial adviser you trust and who is willing to sit down with you and explain the basics to you. Start slowly and do some reading on your own (The Investing for Dummies book is easy to understand) and write down questions you might have. Buying individual stocks is not the place to start on your investment journey. Thanks for the book recommendation, I will go out today and try to find it. |
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Post by ntsf on Apr 5, 2017 18:41:18 GMT
if you have accounts at fidelity, i would start there. talk to an advisor, but do some research on your own. a small stack in an individual stock won't hurt.. but you want a balance of growth mutual funds.. that you invest in and ignore for 30 yrs...
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Post by Sparki on Apr 5, 2017 19:58:02 GMT
I'm afraid that it was just announced that Krispy Kreme is buying Panera, not Starbucks. Save |
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Post by Bitchy Rich on Apr 5, 2017 20:57:45 GMT
A discount brokerage like Vanguard or Fidelity is easy and accessible and would be where I'd go. I've used Vanguard for years and like them a lot. Low fees, easy to do business with. However, I would caution you about individual stock investing. For most people, especially those who are inexperienced in investing, mutual funds (which hold a variety of different securities in them) are a better match, as it minimizes your risk. I'll see if I can find a good introduction to investing. I agree with this, but buying individual stocks is FUN. I always buy some for my son when he expresses an interest. I think it will maybe get him excited about investing money. So far, it has not. But I persist. |
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Post by mom on Apr 5, 2017 21:37:28 GMT
A discount brokerage like Vanguard or Fidelity is easy and accessible and would be where I'd go. I've used Vanguard for years and like them a lot. Low fees, easy to do business with. However, I would caution you about individual stock investing. For most people, especially those who are inexperienced in investing, mutual funds (which hold a variety of different securities in them) are a better match, as it minimizes your risk. I'll see if I can find a good introduction to investing. I know my retirement accounts are both at Fidelity. I will check out Vanguard. I feel young enough to maybe take a risk (particularly one that seems less risky, like Starbucks). Rumor has it that the Bux is getting ready to acquire Panera. I think that could breathe some life into their stale stocks. Too late. Krispy Kreme has bought them. Shares are up like 15% today. SaveSave |
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Post by Spongemom Scrappants on Apr 5, 2017 21:41:55 GMT
Rumor has it that the Bux is getting ready to acquire Panera. I think that could breathe some life into their stale stocks. As mentioned already, the German parent company of Krispy Kreme is buying Panera. I agree with this, but buying individual stocks is FUN. I always buy some for my son when he expresses an interest. I think it will maybe get him excited about investing money. We also bought individual stocks for each of our boys as a way to introduce them to investing. The two oldest had Disney stock and after dividend reinvestment, splits and so forth, they each had a tidy sum. The third one has a stock holding in a local bank. The last one has Ford stock. |
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