Stock Market Thread

[Ryan T]

I don't have any experience with them, but saving is better than not no matter the form... as long as you aren't paying any fees. If you're paying someone else to remember to save your own money, you'd be better with an automatic deduction from your checking account every month.

Where does the money go? A savings account or an actual investment? The best place to put it depends a lot on your financial situation and if you're saving in other places. At your age, you can afford to be a bit aggressive as long as you have a rainy day fund.

We've got a pretty solid savings base and rainy day fund. Fee's are only $1/month until you reach $5,000, then it is a percentage after that. From what I can tell it is an actual investment account where you choose your investments based upon the risk level you want. I just want to get involved in the market again. I played in it a few years ago, but I'm now at the financial point in my life where I can really start to invest some discrecionary income and hopefully make some gains. This seems like an easy and inexpensive way to get started, but I'm open to other ideas. I know I'm young, but I tend to be a pretty conservative investor based on the other accounts I have.