by Darlene » 28 Oct 2012, 19:23
Just like going to a casino...how much money can you afford to gamble with? to lose?
you can start with [highly speculative] $2-$5 stocks....and there are plenty of stocks under $10
so....a couple of thousand dollars...
or
if your mutual funds pay a dividend/interest
that is, you are not dripping them
...take 20%
[ONLY 20% !!!...NO MORE THAN THAT!!!]
and use the dividends/interest as "play" money
why 20%?
simple...
the first 50% is for your long term, safe, secure investments
the next 30% is for taxes
then and only then, use the 20% to get your feet wet
OR
buy a few shares of a good, "blue chip" stock until you have a 100 shares
then start on the next "core holding"
not as exciting as playing a speculative stock..but long term..much , much safer..
no matter how you play the game
large cap, small/mid cap, speculative
stocks, mutual funds, ETFs, whatever...
have investments that allow you to sleep at night...
if you worry about any investment too much....it's too risky for your temperament...
good hunting