Quote:
Originally Posted by noppenbd
The first rule of investing is to understand what you are investing in. That is why you need to spend a little time learning about investing before jumping in. I recommend you take a free online "course" (really just an in-depth website) through the LA Times website called Investing 101.
Money Library - Los Angeles Times
They also have Mutual Funds 101.
disneysteve, thanks for correcting my statement. I should have been more specific and said "stock mutual funds". I do stand by the meat of my statement that in general stock mutual funds are good investments (no matter the timing) and preferable to single-stocks for most investors.
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Great. Thanks for the info. I'll try to find a little while to look at those sources as soon as possible. I recieved an Amazon gift card for graduation and might spend some of it on a couple of the books that were recommended earlier on in the thread.
My financial situation has changed considerably since I last visited the thread. Through mostly graduation gifts, I've accumulated quite a bit of cash and in total I now have around $4,000 not including my $600-700 in EE savings bonds, all of which I can afford to invest in something. Liquidity is still of little importance to me. If I was to decide to go the stock route, which stocks would you recommend I research? My dad is currently interested in NBF (Nova Biosource Fuels). What do you think about this company?