College Student here. Have about 3k dollars and want to invest in stocks. Any good stocks to start with? Penny stocks? Please advice.
r/WSB
A true legend if I've ever seen one
Read Warren Buffet's annual letter to shareholders. (any year will do). Follow his advice
Vtsax
You donât have enough cash to take the advice others are offering. First, how big is your emergency fund. Put 6 months living expenses in a savings account. Donât worry about interest, thatâs not what the fund is for. Do you have any debt? Paying that off is the best investment you can make, especially at your age. Put your investments into mutual funds that pay a reasonable amount. Donât go for a moonshot. When your net worth exceeds $1MM you can start to play with the more advanced stuff.
Listen to every thing what said above. Mutual funds and index funds will take you a long way.
Put your money in index fund and start saving more. Do that for a few years. Don't waste your time at this point, you are not going to turn 3k to billions now.
Bitcoin.
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I started out trading options because of the low amount of startup capital you need.