Plan Your Financial Life (National Academy Foundation)

Chapter Nine: Starting a Stock Portfolio

Jane is 23 years old and single. She graduated from college and was hired two months ago as a mechanical engineer by a major automobile manufacturer. She now lives in Detroit and loves her job as a project engineer for a futuristic high-performance sports car. Jane’s starting salary exceeds $50,000. Other than some college loans she must repay, Jane has very few bills. Jane knows how important it is to begin investing early in her career, but she just doesn’t know how or what to do. She has socked away a few dollars in a savings account.

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What would you recommend to Jane? How should she begin investing? What would you do if you were in her situation?