“I have about $10k that I can invest for one month only. I was considering buying Home Depot stock, but I have never bought stock before and do not know if buying stock for only one month is worth the transaction fees. Can you tell me what you think of HD stock and if you think it’s worth investing for one month?” – Joy
Buying stock for one month is: CRAZY. Unless you totally don’t care if you lose a chunk of it and just feel like flipping a coin. In any given month, any stock could easily drop, climb or stay even. And since you have use of it for only one month, I assume you DO need this money.
The place for this money is, basically, a bank (or any other completely safe place).
And don’t feel bad: good for you for having it in the first place!
Quote of the Day
To the BELOVED REPUBLIC under whose equal laws I am made the peer of any man, although denied political equality by my native land, I dedicate this book with an intensity of gratitude and admiration which the native-born citizen can neither feel nor understand.~Dedication to Andrew Carnegie's Triumphant Democracy (Scribner's, 1886)
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