Olde Hornet
Well-Known Member
Ready to invest in individual stocks? Ask these 5 questions before getting started
About 55% of Americans say they now have investments in stocks. Make sure you have these questions in mind before you get started.
www.usatoday.com
For Rasheed McCallum, getting more serious about investing meant he got an itch to invest in individual stocks. His first step was putting about $20 in a stock account with Robinhood, an app for stock trading.
“I'm 33 now, so this is the age when people start to think about money more seriously,” says McCallum, an engineer from Plantation, Florida. “I wanted to get involved in the stock market because that's where people say they get their gains.”
With his investment, he bought a few shares of Fitbit, which appealed to him because of its price at the time of his purchase — less than $3 a share — and the popularity of health-tracking devices. Fitbit's stock price jumped to more than $7 a share on Friday when Google said it was buying the fitness-tracking company.
“Everybody had a Fitbit, and the price of the stock was within my budget,” he adds.