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You know what, I know very little about what you just said, but I am VERY willing to leearn.

Here is my knowledge about 401K - I don't know if my new job has it or not (I start on the 10th of July)- I am now working for the state. But, if they do I will put money in - how much % should I start with???

I don't know what a DRIP or DRE is.

I am going to try the S&P 500 mutual fund if they don't require a huge downpayment (which would be a problem).

I am going to be honest. I have no idea what anything below this line means. But, I am willing to read and do research to learn. Everything I don't understand will be one more thing to learn.

Thank you SOOO much for your help. I feel like I have jumped in head first and now I need to learn to how to swim. :-) LOL


Another suggestion is get into a DRIP. I've been investing $50 a month into DRE for about 4 years now. I've been very happy with its performance. I'm going to stop the $50 because the dividends are large enough now to purchase between 1 to 2 shares each quarter. Also, the stock price has risen so much that I feel the $50 would be better allocated into a new DRIP. (Asset allocation is highly recommended.) You also have dollar cost averaging by investing a smaller amount monthly.
Check out for info on DRIPs.

My goal on some of the stocks I own is to have enough shares so that the dividends will purchase at least 1 share each quarter. I do this because of the importance of asset allocation and having very little money to invest. I purchased DRE through American Stock Transfer & Trust ( because at the time I felt it was a strong company with a lot of growth potential. Also, it had a minimal purchase to start and the company pays the commissions. That's something else I look for – inexpensive stock and minimal or company paid fees.

I purchase some stocks through Sharebuilder ( and try to purchase at least $200 at a time. That makes the $4 fee equal 2% per transaction which is the percentage MF recommends. This can be very frustrating because while I'm saving up the money for a purchase, I miss out sometimes on a lower stock price. Other times, it's been to my benefit because the stock price dips and I actually get it at a better value.

David gave you very good advice about picking blue chip and dividend paying stocks. MF has 10 Monster Stocks Blue Chips Report that if you have the money could be very helpful to you.

I'm slowly purchasing shares in Cedar Fair (FUN) which in an Income Investor pick. I've purchased some Cherokee (CHKE) but I think its expensive now so I'm not buying at this time. >>>>>>
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