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Originally Posted by LuxLiving
Sometimes it is about the learning involved and the fees become part of the tuition. If you are wanting to get your feet wet by learning about how stocks are traded, bought and sold, dividends earned, capital gains, learning to track them, etc., then it can be a nice little education. I doubt you are going to turn around and sell it anytime soon and we don't have your total financial picture to say 'in your case' really.
A nice way to do this learning in an educational setting is to join an investment club for the practice it gives you in researching a stock before you plunk down your dollars. What you learn in the club setting can then be transferred to building your own portfolio. Or NOT!
I like to try things myself and am often willing to spend a few dollars in pursuit of that intellectual gain and the YEEEEEEEEESSSSSSSSSSSS moment that comes from venturing out a little futher on the path w/o anybody holding my hand. And, I don't know if I'd have the patience to wait until I had a thousand extra laying around to get started. Wait, scratch that - I didn't have the patience and I didn't wait. I just jumped in one day and got started and I just put more money into my portfolio as I have it.
I say go for it baking 23 if you can afford the tuition costs if it tanks. If not, then don't venture there yet.
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Thanks for the advice. I used to just wait and wait and wait to make a decision, then last year I opened an IRA, a Money Markety Mutal Fund, bought a car, etc... all with cash. I don't have debt, but I don't have a full time job either (working on that) so I'll probably buy a few stocks and sit on them for a long time. But I'm enjoing the forward momentum.
I just feel like I'm five years behind with things (parents discouraging the MMMF, IRA, etc...) since I haven't had a full-time job, and I'm not getting younger.