Your Questions About Investing Tips For College Students

Joseph asks…

How can a college student get started in investing and the stockmarket the “right” way?

What I mean by right way is the intelligent way – I want to do research and will read books…I just do not know which books are best for me. I am a 19 year old female and want to make educated investments. At this time, I cannot afford a stockbroker or any type of financial advisor….but I am committed to learning and investing my money wisely….any tips would be greatly appreciated. Thank you.

John answers:

Don’t take advice from somebody who is not successful at investing in stocks…there are virtual stock games that you can get that will set you up in a play format…as suggested use these pretend money games until you find that you are doing well then only invest real money that you can afford to lose.

Again listen to the experts…

I did one of these virtual games and pretended that I had $1,000 to start with and before a month was over I had a play bank acct. Of $10,000+! It got so that I was shaking every time I played the stock game because I was so afraid that I would start playing for real money…scary…I had to quit but I learned a secret about investing…if you want more information just click on our picture and email us…

Nancy asks…

Best investing strategy for students?

I’m a student in college and want to get into the world of investing. I hear people talk about putting $1 in an account and a hundred years later, it is compounded into a large amount for the future generation of the family.

I do not have a lot of savings as I’m only a student, what are some tips/ strategies you expert would suggest is best for a college student to take or start with?

John answers:

I wouldn’t get involved with the stock market until you have at least $2,000. As mentioned before, CDs and online savings accounts are a great way to build up your money.

I’d further suggest opening an account with a high yield and from time to time looking for banks that offer better rates. HSBC, FNBO, and ING have been good to me and all offer high yielding online savings accounts.

Linda asks…

Finance tips for a college student?

OK I’m currently in my sophomore year in college. I live with my mother rent free and she pays for my living expenses until I can get financial aid.

Does anyone have any tips on what I can do to help me get a car and a house after I graduate? I don’t know anything about investing.

John answers:

Not now. Just put your money in a savings account for another 14 months.

Then once you start working you will be eligible to take part in the company’s 401K plan.

If you have any excess after socking away 6 month’s salary in savings you can open a roth IRA. I use schwab. They have no fees of any kind.

Lisa asks…

What are some simple ways to save money and cut costs?

Im a college student who is looking toward my future. Any tips on managing,saving, or investing money is appreciated. Thanks for any input.

John answers:

Try to use sites like and I think the best advice if you want something, wait a couple days and see if it’s still needed. Hope that helps, please best answer me 🙂

Richard asks…

Help first time investing money?

I am a college student and getting a job this summer to help pay for school. I really wanted to invest some money, but I have no idea what to do, where to put my money, or even how to get started! I need money for school most importantly, so I can only put a few hundred (if that) into this. Any advice or tips on where to begin would be really appreciated!!

Thanks 🙂

John answers:

Some people are cerebral and others are more the feeling types — the people who must experience to understand.

I blew $20,000 that I saved up in my early teenage years; first I invested in quasi-penny stocks, which are stocks that more often than not involve white collar criminals and sham companies. Then, two years later I thought hey I’m more mature and intelligent, maybe the first time was necessary learning; after all, penny stocks ?! I must have been stupid to survive for a little while when I was so naive, but now I’m clever and I know to invest in mid-large cap corporations, and also, I can hedge my risk. I traded options, which are derivatives based on underlying assets; in essence, they magnify price movements in the shares such that you can earn 20% ROI in a day. Right, so I actually experienced tremendous success and almost doubled my money through a combination of luck and obsessive analysis, until of course the market starting bucking and heaving. The funny thing is, you can make money when the market is in a downtrend, so I actually adapted and learned the ins and outs of making contradictory bets; there are countless “strategies” which involve betting to mitigate risk, and it basically allows you to keep your options open. Theoretically, you are supposed to exploit esoteric discrepancies, but you must count on the market being the least bit rational. You cannot count on the market, as the extreme volatility and hysteria following the collapse of Lehman illustrated. Count on the unexpected, because history is not going to answer for the unprecedented. The possibility is small, rare even, but you can lose it all through factors that are not in your control. You don’t want to toil and sweat at some shitty summer job, only to find out that you did it for nothing. We do not know if we are witnessing the beginning of a nascent historical curiosity. We have no perspective. To your question, $1000 is nothing as investing goes. The most ambitious men can reliably make 15% returns, using devious strategies (look up ‘hedge fund’ for more). So, at best you can make $150 gross in one year; if that is trading gains, you’ll be lucky to take home $100. The extra stress and frantic worrying will exact a toll on your health, and your energy will be sapped. Demoralized, you will realize that if you had worked an extra 8-12 hours, you could have earned that $100 the right way.

It’s good that you have acumen to care about personal finance at this point, but the best advice is to save your money and continuously save; the vast majority of millionaires and multi-millionaires have made money by saving relentlessly and pouncing on a few reasonable opportunities. But though it’s not advisable to cast your stones just yet, you can always make the best risk free investment and study how people have failed before you, so you don’t fail the same way; just as well, you should investigate the people who have succeeded beyond the vision of doubters.

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