If you're Gen Z or millennial and want to be rich someday, you need to do this investinyou (In partnership with acorns.)
"You're always going to have ups and downs [in the market]," he said. "That is one reason I enjoy dividend stocks." He purchased Coca-Cola, which he believes is stable company, at $50.17, watched it drop down to around $45. Now it is around $48.
A year ago, Grannell paid $3,000 for a 2004 sedan. "It gets me from A to B," he said. Many of his co-workers drive late-model pickups, complain about their lack of cash and occasionally borrow money.The best thing to do if you freeze at the idea of investing is to arm yourself with as much knowledge as you can. Keep learning on a regular basis. The more you know, the more confident you'll feel.
After a couple of years, she changed course and sought out a professor for investing advice. "Pick companies you know something about," he told her. Lofton opened a traditional IRA and bought some shares of Disney, Apple and Netflix. Another stumbling block for people in their 20s: "They don't really see the importance of investing for retirement, but it's better to do it young than too late," Lofton said.
Using eTrade, he recommended some shares of GameStop. He didn't choose any other stocks, because he was already upset about the cost of the $6.95 commission.
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