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Stock Market Stimulator

April 5th, 2022 at 05:00 am

In preparation of me reaching financial freedom, I signed up for a stock stimulator, so that I can learn the market. 

Though I anticipate paying off student loan number 3 in June, and number 4 next year, I want to get a better understanding so when I meet with a professional, I have some kind of a clue. I’ll continue to contribute to my IRA account and then next year I’ll dabble in the markets. 

 

I took inventory to identify the brands that I believe in and consistently try. So far it’s been great following and learning 

 

Any book, podcast etc you all recommend for me to get better acquainted, I’d appreciate it. 

Posted in Reaching Financial Freedom | 6 Comments »

6 Responses to “Stock Market Stimulator ”

  1. Carol B. Says:
    April 5th, 2022 at 03:39 pm 1649169583
    1649169583

    Hi Amber,
    I suggest reading about index funds and low cost investing. Reading selections from the "Bogelheads" online can be instructive. Good, simple, getting started books from the library might include books by John Bogel, Jonathan Clements, Rick Ferri.
    Companies that are reasonable include Fidelity, Schwab, and Vanguard. Fidelity has some expensive funds and some extremely reasonable ones. You can get free, in-person help from them and you can get pricier help. ( The expensive help is not necessarily better.)
    Good luck!

  2. Amber Says:
    April 5th, 2022 at 05:13 pm 1649175193
    1649175193

    Thank you so much, Fidelity is my first choice. I’ll check out those books

  3. Lots of Ideas Says:
    April 5th, 2022 at 06:31 pm 1649179876
    1649179876

    Amber, so glad you are preparing for the next phase of your life!

    I would have suggested the ‘stock simulator’ concept. In high school, we did this exercise (we had to look in the newspaper for stock prices!). One of my choices was Pizza Hut - I am often sorry we weren’t playing with real money!

    I suggest reading a couple articles each week on CNBC.com, deciding what seems credible information to you.

    I use Fidelity and I feel extremely well taken care of by the people I work with. They have an easy to use website with lots of information available, and the people I work with listen and respond to my concerns.

    Take your time, don’t let anyone make you feel ‘stupid’, and if someone can’t explain something, they don’t understand it!

  4. crazyliblady Says:
    April 5th, 2022 at 07:18 pm 1649182710
    1649182710

    What stock market simulator are you using? I would like to try that, too. Thank you.

  5. Amber Says:
    April 5th, 2022 at 10:45 pm 1649195106
    1649195106

    Thanks Lots Of Ideas, Fidelity is where I have my IRA and I'm really pleased

    @Crazylady I am using Investopedia Simulator and I love it. The markets went down today but a fee I chose is doing well

  6. terri77 Says:
    April 9th, 2022 at 04:06 pm 1649516771
    1649516771

    That sounds very interesting! My mom studies stocks, but I’ve never taken the time. Maybe I will check it out.

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