What would be a good stock to invest $1000 in right now?

how do you do that online safely?

Go to a site like fidelity.com, open an account, transfer the money in, and place a buy order.

I almost did it but if I mess up then I lose. I know nothing regarding buying and selling.  I need to take a class or something before I take a chance. 

Stu's response is correct.  You can also to to Ameritrade.com.  Ameritrade does not charge a commission.  I'm not sure about Fidelity.

Selling low is never the best move.

I’m talking mutual funds, I needed to move it.. I lost a Substantial amount of money to me in a week and I wasn’t going to wait to lose more. This post was edited by Jaimie at March 28, 2020 9:18 AM MDT

I would advise holding on and betting on the market to rebound in the long run. It always does. This post was edited by Stu Spelling Bee at April 18, 2020 4:27 PM MDT

Do you think I should move it back into growth? I’m genuinely interested in your opinion because I think I remember you said used to work in the field.   when I was younger during after 9/11 I was advised to move my money into securities for a while then. mind you it wasn’t very much back then :) I think I maybe had 40ish thousand. No one advised me this time I just moved it because of the advice I got back then. Everything’s online now so I just did it myself. 

I believe that it's best to hold on for the long term as the markets generally go up over time. It's best not to overreact to dips in the short term. Of course, there is no way to know if things have bottomed out yet, but it's good to buy in a down market and hold for the long term. I put $3,000 into my IRA on March 6th and bought 10 shares of Apple at about $287 each. Of course I wish I had waited a few days and paid less, but I will not panic and sell now. Apple is a quality growth stock and I am happy to hold it and bet on a rebound.

Okay, thanks Stu. I know I just pulled it as a knee jerk reaction and I haven’t wanted to deal with or think about it for the past couple weeks. I think I may have made the right decision pulling out when I did, put I know I should think about putting my money back in soon. 

If you don't reinvest it soon, you'll miss the bump in price when the stock market comes back.  

I know you’re right, I’m not sure things have bottomed out yet though, so I’m scared lol. 

I understand your being scared, but wise investing - stocks that have bee around a while and have a proven track record - will be valuable.  Unless you know for sure when the market is going to hit rock bottom, there's always the possibility that you will invest now and the stock will go lower.  But, what if you don't buy something and the market zooms up?  Just choose a variety of industries rather than putting everything into one.  Diversified portfolios do best. 

I know you’re right, thank you. 

Mine tanked, too. I almost had a heart attack.

I think everyone’s did, it’s hard thing for anyone to see. must be harder for you since already retired, I’m sorry. 

It was life insurance to be paid to my wife. We get along fine with my pensions and our social security.

OOOOO I like this a lot.  Which ones? This post was edited by . at April 18, 2020 3:13 PM MDT

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