Apr
18
Mutual Fund Help?
Filed Under Financial Planning
eddy8901 asked:
I am 18 years of age and i have about 45K in stocks in my name from an inheritance (i jut bought my new car by selling some other Stock i had GM and Wal Mart to be specific) I have no debt to pay off and my grand Pa is paying for my college next year so i have no big payments to make any time soon, so I want to invest in a mutual fund but i am a little hesitant with what i have been reading online about mutual funds and these rumors of a “recession” swirling about, on a good day in my “portfolio” i have 20k in Southern CO. (the regional electric company in the south) 15k in Bristol Meyers Squibb co. and about 5 or 6k in Qwest, and bits and pieces in other companies that aren’t doing much, and after all my bills are paid off by the end of the month (gas cell and insurance) and after i put some in my savings i have about 200 dollars left over to invest with, so with that information given can anyone give me advise on what i sould do? who to invest with? thanks for helping!
oh yeah i have all but bristol meyers in dividend reinvest… Southern CO. has a super high dividend i get like $208 dividend checks but i put it in reivest dividend two months ago
Question posted courtesy of: Gail
I am 18 years of age and i have about 45K in stocks in my name from an inheritance (i jut bought my new car by selling some other Stock i had GM and Wal Mart to be specific) I have no debt to pay off and my grand Pa is paying for my college next year so i have no big payments to make any time soon, so I want to invest in a mutual fund but i am a little hesitant with what i have been reading online about mutual funds and these rumors of a “recession” swirling about, on a good day in my “portfolio” i have 20k in Southern CO. (the regional electric company in the south) 15k in Bristol Meyers Squibb co. and about 5 or 6k in Qwest, and bits and pieces in other companies that aren’t doing much, and after all my bills are paid off by the end of the month (gas cell and insurance) and after i put some in my savings i have about 200 dollars left over to invest with, so with that information given can anyone give me advise on what i sould do? who to invest with? thanks for helping!
oh yeah i have all but bristol meyers in dividend reinvest… Southern CO. has a super high dividend i get like $208 dividend checks but i put it in reivest dividend two months ago
Question posted courtesy of: Gail
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