A roller coaster like no other
October 30, 1997
On Monday, the Dow Jones 30 Industrial Average plummeted almost 550 points. It was the single biggest point drop in stock market history.
On Tuesday, the Dow had its best day ever, posting a 337 point gain and reached an all time trading volume of over 1 billion shares!
With the recent ups and downs in the market, it’s hard to make sense of what is going on.
What should we, as students, care about the stock market? We don’t have jobs; after all, how can being knowledgeable about the market help us if we don’t have any money? Unfortunately those concerns could be costing someone a financially secure future.
Now is the best time to learn about the market. With the future of Social Security up in the air, people are now turning to the stock market and personal investing more than ever.
We will have to start thinking about financing our retirement, our children’s education and other important times of our lives much earlier now.
Professionals in the industry say that as difficult as it may be, saving when you are young makes your future much more secure.
How can students learn more about investing? The easiest way is to use the Internet. There are thousands of sites that can not only inform, but some also serve as low cost brokers if you choose to invest your money.
There are also scores of professionals out there who can help you if you want to invest your money.
Let’s say you have a couple of thousand dollars in a measly two percent savings account. Talk to a broker.
They will put your money into assets that will give you a much greater return on your money for any level of risk you want, and at only a small cost.
It might sound scary to invest your money at a time like this.
Remember that simply educating yourself about investing can not only remove those fears, but put you on an early track to a prosperous future.