Okay, so I was thinking that when I am in college I am going to get some job, and with that oney, I am going to invest it in those kind of stocks that give you cash as a return of your investment (Dividend Stocks) to have more money and pay for university or save it to repay student loans when I am thru college.
My question is: Is it smart that I should invest in stocks during college? I mean, Is it safe?
Thank you.
It depends on what you mean by safe. There is no guaranteed return on stocks, nor is there a guaranteed price on stocks. The value of those stocks can go through the roof or through the floor. I suggest you take a personal investment course when you get to college.
I’m not sure I understand your goal. Are you saying that, while you’re in college, you’re going to get a job and use the money to invest in stocks that pay dividends and then use those dividends to pay your way in college? How much money do you think you’ll be earning? How many shares of stock would you buy? The majority of dividend-paying stocks are expensive and the dividends are usually some cents per share; you can check that on sites like Yahoo Finance or FINRA Morningstar. if you have enough money to buy a significant amount of shares then it makes more sense to just pay your college expenses in cash instead.
I might be misunderstanding what you’re trying to ask, but I’d say that in general it’s not a good idea to take money that you need to pay bills right now and put it all in stocks.