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Stock question

Jschmuck2

Jschmuck2

Diamond Member
Three years ago my uncle passed away and left me quite a bit (for me, at least) of money.

80% of it is in stocks and the other 20% in a money market account.

I know absolutely nothing about financing or investing. So I've been kind of watching these stocks bounce up and down over the past couple of years. But until the last two weeks, they've been bouncing up. About ~$10k up...but today I'm down ~$10k altogether and starting to wonder if I should cash these stocks out and put them someplace else.

Problem is...I wouldn't even know where to start. I'm 23 - I'm no investor!
 
Well, the good news it that you don't have to do much right now.

One of the best sites is the Motley Fool read up, don't get too crazy & you'll retire a millionaire 🙂
 
Originally posted by: Jschmuck2
Is there some kind of "investing 101" link over there?
Click to expand...

Yes. Buy low, sell high.

Essentially your stocks are just following the market. Leave them alone. Worst thing you could do is sell right now when their down.
 
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