Investing on a budget.QA I've noticed that many of your articles about couples, but what about single professional women over 40 who are returning to school after 12 years when the children are grown and on their own? I'm currently working temporary nursing assignments and I've rolled over my 401(k), but I'm also interested in stocks like WalMart and Walgreens. How can I buy stocks on my fixed income until I graduate (May 2002)? --M. Stewart Evanston, Illinois Evanston is a city on Lake Michigan in Cook County, Illinois directly north of Chicago, east of Skokie, and south of Wilmette. The city was first settled in 1836, and has a total population of 74,239[1]. Evanston is part of Chicago's affluent North Shore region. The financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry has made several changes to accommodate investors such as you in recent years. In your case, the fact that you're single and no longer have to care for children will, I hope, allow you to concentrate on devoting more of your income to your personal investment needs. Buying individual stocks on a fixed income is easier today thanks to discount brokers such as Charles Schwab Charles Schwab can refer to:
Typically, a discount broker will work with your wishes to invest sums as small as $20 or $30 per month over time. The online brokers mentioned will even allow you to buy partial or fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. of an individual stock. Opening an account generally costs less and the cost of trades is lower than with full-service brokers Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount . We will have more investment advice for singles in our annual Money Management issue in October. Mail your finance questions to Ask B.E. BLACK ENTERPRISE, 130 Fifth Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011, or send an e-mail to scottm@blackenterprise.com. |
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