
Michelle M asked:
I think the stock market can be a smart thing to experiment in even without much experience, in contrast to most advice given. My reasoning is that you can “practice” picking stocks for a very small amount of money- even under $100. You can buy just 1 stock option and though you won’t make much, you won’t lose much either and you’ll have experience of watching the market. Sure you can argue that you can study the market without putting your money into it, but I think having something on the line- even if it is only a $20 stock option- keeps your attention and diligence. I am inexperienced with stock trading- it’s been years since I’ve owned stock- but I’m smart, I have a financial mind, and I am a quick study. I think I want to take a few hundred dollars and spread it over a handful of well-picked stocks and watch it for a few months to see what happens. Maybe I’ll make a profit, maybe I won’t. But I’m not risking much. If you disagree, please explain your logic. Thank you!
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