If you really have not a clue then talk to a financial advisor. It may be good to get in now while the prices are low but you need to go into it with an amount of money you're ok with losing. It's a long term investment.
Buying single stocks is WAY too risky. But I think right now is an awesome time to invest in mutual funds. Prices are low. It's on sale! Mutual funds have less risk because it's a bunch of companies together. I go through Vanguard. You can find a financial advisor to help you if your just getting started. Beware though of their commision. Ones that make commission on your investments will try to put you in whatever makes them the most money!
at 2:09 PM on Oct. 10, 2008
If you need to buy and sell stocks on your own, then read up on it, and read a lot. Make sure that you don't put all your eggs in one basket (so to speak.)
Plus- you don't want to have too much money in stocks as you get closer to retirement. Right now- If you are in your 20's put 90% of your retirement fund in the stock market. When you are in your 30s only put 70%. In your 40s put 50% possibly 60%. When you get into your 50s you should have it down to 50% and you should take out 5% every year until you are 60. Cont. bellow.