“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
In 1800, 75% of [an American's] working man's expenditures went for food alone. By 1850, that had dropped to 50%. Today it is a little more than 11%.~The Wall Street Journal, September 20, 1996
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