Investing in Individual Stock

June 20th, 2011, by

Q: With today’s economy, what is good stock to invest in that will benefit in the long term?

Chicago, IL

A: If I knew for certain what stocks would perform well over the long term, I would be kicking back on a Caribbean beach, in a paid-for villa.

Individual stock picking is not my gift. I don’t invest in individual stocks. I have mutual funds. I don’t have the time or the patience to do the kind of research you really need to do to pick single stocks.

If you want to invest like that, you need a stockbroker or a lot of time to do your own research. There are companies that help individual investors select stocks on their own at relatively low prices. I’m sure you’ve seen the commercials with the talking babies for E*TRADE.

But before investing, I suggest you go to the Web site for the Investor Protection Trust, which is a nonprofit organization devoted to investor education. The site has a number of booklets to help you, if you want to invest in individual stocks. I also suggest you read The Basics for Investing in Stocks (PDF).

Good luck finding your stocks.

Last modified: June 20, 2011 at 2:57 pm