If you are young, and we are, now is the time to buy stocks. It is a great time to invest in stocks at sale prices. With the recession and the stock market struggling, everyone else is selling. If you have the money, invest and watch your money grow over the next 30 years. Stocks are long term and most people selling right now have been invested for awhile (that makes sense to them). The market will be struggling for months to come, maybe even years, but that is irrevelant to us in our 20s and 30s. If we invest now, in 30 years, we will have a great nest egg. When we get to retirement age, social security probably will not be available to us. Investing now will allow us to have freedom when we are older. Most students don't think this far in the future, but I think that's a mistake. You can never start too early. Our teacher assigned our class a stock project this semester and I think it's a great idea (also fun!). It is teaching us the basics of stocks and the importance of investing. I am excited to build my own stock portfolio in the very near future!
Fried, Carla (Feb. 17, 2009). Younger Investors Can Proft From the Crisis. Retrieved February 20, 2009 from CNN Money.com http://moneyfeatures.blogs.money.cnn.com/2009/02/17/younger-investors-can-profit-from-the-crisis/
There are some fun calculators on CNN Money.com. This one is called "When will you be a millionaire?" Try it out...http://cgi.money.cnn.com/tools/millionaire/millionaire.html
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